Personal finance nerd
Podcast highlights created and posted by Sharon Reed on Snipd
@sharonreed
Habits are Overrated, with Kristen Berman

How to Deal with Loss Aversion

2min
AI Key Takeaways
  • Savings can feel like a loss to some people, because they feel more pain from losses than from gains.
  • People can safeguard against this by thinking of savings as a way to earn money in the future.
@sharonreed
Habits are Overrated, with Kristen Berman

The Pain of Savings: Why We Don't Like Losing Money

42sec
AI Key Takeaways
  • People are more likely to spend money when they have it available to them immediately, rather than saving it and earning interest on it.
  • Savings can feel like a loss, which can make it more difficult for people to invest in their future.
@sharonreed
Habits are Overrated, with Kristen Berman

The Truth About Financial Literacy and Behavior Change

1min
AI Key Takeaways
  • Increasing financial literacy does not, over the long term, impact financial behavi.
  • Financial literacy is correlated with improved financial behaviors, but that doesn't mean that increasing your knowledge or your financial literacy will change your behavi.
@sharonreed
Happiness Habits, with Harvard Professor Arthur Brooks

Happiness: Three Key Takeaways for Greater Happiness

34sec
AI Key Takeaways
  • Happiness is composed of three distinct parts: enjoyment of life, satisfaction with life and accomplishments, and a sense of purpose and meaning in life
@sharonreed
Behavioral finance is boring

Loss Aversion

2min
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