I think it's okay for us to recognize that my life's goal is not to be right, a stop broker. So what do I do? Well, I can get on these things where they automatically take a certain percentage of my income and invest it in a diversified fund. But you don't have to focus so much on maximizing everything. The focus right now for everybody in the middle ground is to start to begin.
We hardly ever talk openly about our money. Today’s guest Wendy De La Rosa thinks that’s a costly mistake. She is a behavioral scientist who helps people understand and rewire their relationship with money. A former private equity investor at Goldman Sachs, Wendy is now an Assistant Professor of Marketing at the Wharton School and the co-founder of Common Cents Lab, which works to improve financial well-being for low- to moderate-income people. In this episode, Wendy shares actionable insights on how to prepare and invest in your financial future, explains why the emotional aspect of decision-making impacts how we spend or save, and breaks down why financial insecurity should not be a source of shame -- and why the issue of wealth inequality cannot be solved merely by budgeting.