Stephen Wendel

Dr. Stephen Wendel, a behavioral economist and head of behavioral science at Morningstar, dives into why we often delay financial actions despite knowing better. He discusses the psychological barriers to decision-making and shares transformative strategies to bridge the gap between intention and action. Wendel emphasizes the power of automating tasks, creating mental accounts, and visualizing vivid scenarios to enhance financial behaviors. His insights aim to empower listeners to overcome procrastination and align their actions with their financial goals.