Dr. Daniel Crosby, a psychologist and behavioral finance expert, sheds light on how money can actually enhance happiness under certain conditions. He discusses the minimum income needed to avoid pain and emphasizes the importance of spending on health and meaningful experiences rather than succumbing to materialism. Daniel highlights the significance of aligning financial choices with personal values and advocates for a values audit to ensure your spending reflects your true priorities. He also warns against excessive saving, urging listeners to invest in their well-being.

#426: Behavioral researcher, Vanessa Van Edwards, talks to us about the critical importance of charisma - and how to use the perfect blend of warmth and competence to be charismatic.Dr. Michael Slepian walks us through what secrets mean, what they cost, and how we think about them.We dive into the world of long distance real estate investing, and talk about two of the major components of investing - Cash and mindsets - to help you determine if long distance real estate investing is right for you.International best selling author, Julie Winkle Giulioni, reviews eight dimensions of career development and how to navigate them.Chris Hutchins, entrepreneur and life hacker extraordinaire, spills his best secrets on optimizing spend to travel more cheaply.Kiersten and Julien Sanders join us to discuss money topics for couples, and their framework for being financially independent in 15 years.Stanford professor Jeremy Utley breaks down the art of creativity and producing new ideas - and shares actionable tips on how we can be more creative and have better ideas.Dr. Daniel Crosby discusses how we are not wired to be good investors, and how to overcome our evolutionary wiring.Enjoy this compilation of our favorite episodes to air in the second half of 2022.For more information, visit the show notes at https://affordanything.com/episode426 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Dr. Daniel Crosby, Chief Behavioral Officer at Orion Advisor Solutions and author of "The Laws of Wealth," teams up with finance leader Barry Ritholtz to explore why humans struggle with investing. They discuss how emotional biases, such as overconfidence, cloud our judgment and emphasize the need for a systematic, rules-based approach to investing. The importance of professional guidance is highlighted, showcasing how financial advisors can mitigate these biases and enhance decision-making, especially in unpredictable markets.

Dr. Daniel Crosby, an expert in money and wealth, discusses the emotional impact of losing a friend on Alexander the Great, the true nature of wealth and its impact on happiness and fulfillment, the importance of relationships and the value of work, and the importance of accomplishment and fulfillment in life. He emphasizes the need to focus on various sources of fulfillment beyond financial goals.

Dr. Daniel Crosby is a psychologist and behavioral finance expert who helps organizations and individuals understand the intersection of mind and markets. Educated at Brigham Young and Emory Universities, Dr. Crosby is an international speaker and author who has won many awards for his work.   His first book, Personal Benchmark: Integrating Behavioral Finance and Investment Management, was a New York Times bestseller. His second book, The Laws of Wealth, was named the best investment book of 2017 by the Axiom Business Book Awards and has been translated into Japanese, Chinese, Vietnamese and German. His latest work, The Behavioral Investor, is an in-depth look at how sociology, psychology and neurology all impact investment decision-making.    This podcast is hosted by Rick Ferri, CFA, a long-time Boglehead and investment adviser. The Bogleheads are a group of like-minded individual investors who follow the general investment and business beliefs of John C. Bogle, founder and former CEO of the Vanguard Group. It is a conflict-free community where individual investors reach out and provide education, assistance, and relevant information to other investors of all experience levels at no cost. The organization supports a free forum at Bogleheads.org, and the wiki site is Bogleheads® wiki.    Since 2000, the Bogleheads' have held national conferences in major cities around the country. There are also many Local Chapters in the US and even a few Foreign Chapters that meet regularly. New Chapters are being added on a regular basis. All Bogleheads activities are coordinated by volunteers who contribute their time and talent.     This podcast is supported by the John C. Bogle Center for Financial Literacy, a non-profit organization approved by the IRS as a 501(c)(3) public charity on February 6, 2012. Your tax-deductible donation to the Bogle Center is appreciated.

#413: If an idea dominates the headlines, we notice it.But maybe we shouldn’t.Today’s guest, psychologist and behavioral finance expert Dr. Daniel Crosby, says there’s a difference between a prediction that gets repeated, and one that’s likely to unfold. What’s salient isn’t accurate, he says. And vice versa. He also talks about how money problems have morphed over time. He chats about how our evolutionary wiring is at odds with our goals. And he even discusses how we’re wired to be ‘lazy’ – and how to work with that tendency instead of fighting an uphill battle against it.Dr. Crosby researches the intersection of mind and markets. His latest work, The Behavioral Investor, is an in-depth look at how sociology, psychology and neurology impact our investment choices. Timing of discussion points as of December 2022:03:10: The overlap between psychology and investing + new ideas04:41: Counterintuitive behavioral finance discoveries 07:27: Money as a “hygiene factor”08:39: The “new class” of money problems for the more affluent13:44: Factors that impact our financial decisions15:22: The influence of evolutionary wiring 17:02: Cognitive and physical wiring leading to laziness and group think27:45: The benefit of community for investors28:52: The four types of behavioral risk: ego, conservatism, attention, and emotion36:21: The three E’s of behavior change: education, environment, encouragement42:30:  Confusing things that are loud with things that are likely45:21: The risk of managing emotionFor more information, visit the show notes at https://affordanything.com/episode413 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Dr. Daniel Crosby, Chief Behavioral Officer at Orion Advisor Services and author of "The Soul of Wealth," dives into the intriguing idea of 'The Map vs. The Territory' in retirement planning. He emphasizes using mental models to enhance decision-making and adapt to life's unpredictability. Crosby advocates for a holistic view of wealth that incorporates personal values and soulful wealth, beyond mere numbers. He also highlights the importance of regular feedback loops in financial planning and the psychological aspects of pursuing fulfillment in retirement.

Dr. Daniel Crosby, a psychologist and behavioral finance expert, dives into the deeper meanings of wealth in his latest discussion. He asserts that true wealth goes beyond money, intertwining with personal values and fulfillment. Crosby examines the emotional toll of comparison, drawing parallels with Vincent van Gogh's struggles. He emphasizes delayed gratification and the importance of financial independence shaped by childhood experiences. Ultimately, understanding our relationship with money leads to a more meaningful and content life.

Psychologist and behavioral finance expert Daniel Crosby discusses the psychology of investing, highlighting factors like sociology, physiology, ego, conservatism, attention, and emotion that influence financial decisions. He provides strategies to mitigate biases and outlines an investing framework based on behavioral science principles, emphasizing the importance of simplicity, automation, diversification, and rational decision-making in managing investments.

Dr. Daniel Crosby, Chief Behavioral Officer at Orion Advisor Solutions and author of 'The Laws of Wealth,' joins Barry Ritholtz to discuss our complex relationship with money. They tackle cognitive biases that cloud financial decisions and highlight how spending on experiences can lead to greater happiness than accumulating wealth. Crosby emphasizes the importance of delayed gratification and creating a personalized financial plan that reflects true values. The conversation also touches on the mental health aspects of mindful spending and its impact on overall life satisfaction.