7 ways your brain makes you poorer
Making Money
Exploring Biases in Financial Decision-Making and Cognitive Reflection
Exploring the influence of biases on financial choices such as falling for scams, being ensnared by echo chambers, and navigating through cognitive reflections.
Smart people make bad decisions all the time. That’s because intelligence (IQ) has no bearing on our ability to make rational, unbiased decisions. If you can be aware of your biases and investigate your intuitions then you will make better decisions which can have a profound effect on your finances. In this episode, David Robson, author of The Intelligence Trap, lays out the key biases stopping you from getting richer - and how to combat them.
You can find David's book here: http://bit.ly/3T04h8F
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This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life.
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