Australian Finance Podcast

Ethics & decision making: how we rationalise our financial choices [🧠 Brain Hacks]

Jun 26, 2024

Kate Campbell, author of 'Buying Happiness', and Evan Lucas delve into financial decision-making on 🧠 Brain Hacks. They discuss rationalization, ethical implications, biases, and aligning choices with values. The podcast explores conflicts of interest, biases in finance, and the importance of self-awareness in navigating ethical dilemmas.

27:02

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Episode guests

Kate Campbell

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Rationalization can lead to unethical financial decisions, necessitating management strategies.

Financial decision-making should consider personal circumstances, ethics, conflicts of interest, and biases.

Deep dives

Understanding the Concept of Gearing in Investment

Gearing, commonly known in the stock market, is highlighted as a valuable tool for property investors who favor taking on debt to leverage their investments, providing the potential for increased gains. The Beadershares Wealth Builder Funds exemplify this strategy, offering moderate gearing for investors interested in Australian and global shares but emphasizing the associated risks. The importance of reading the fund's PDS and TMD on Betashares.com.au is stressed to assess suitability.

Intro

2min

Rational vs. Reasonable Decision-Making in Finance

13min

Exploring Ethical Frameworks and Biases in Financial Decision-Making

4min

Ethical Challenges in Finance

7min

Discussion on Personal Financial Advice and Investment Services

3min

Why don’t we always learn from our mistakes?

In this episode of 🧠 Brain Hacks, Kate Campbell and Evan Lucas explore our financial decision-making process. We discuss rationalisation, how it can lead to unethical decisions that harm our finances, and how to manage this.

Ask a question: https://bit.ly/3QtiY00
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Kate's book, Buying Happiness: https://bit.ly/kate-amazon
Invest with Owen: https://bit.ly/R-invest
Mortgage Broking: https://bit.ly/broke-rask
Financial Planning: https://bit.ly/R-plan
Property Coaching: https://bit.ly/R-P-coach
100-point property checklist (PDF): https://bit.ly/prop-check
Accounting with Grey Space: http://bit.ly/3DG5lWS
Business Coaching: https://bit.ly/o-coach

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DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.

Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg

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Australian Finance Podcast

Ethics & decision making: how we rationalise our financial choices [🧠 Brain Hacks]

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Understanding the Concept of Gearing in Investment

Exploring Rational Decision-Making in Finance

Navigating Conflicts of Interest in Investing

Remember Everything You Learn from Podcasts