In this episode: the pain of paying, anchoring, relative value, sunk costs, response to stimulus, and opportunity cost.
On this installment of the Book Club, we are joined by Clint Murphy and Ginger to discuss some of our favorite takeaways from Dan Ariely and Jeff Kreisler's "Dollars and Sense: How We Misthink Money and How to Spend Smarter," We often mention on this podcast the importance of actionable steps you must be willing to take while on the journey to FI, and this book is chalk-full of actionable tips and examples that could possibly be applied to many areas of your life, not just personal finance. While we know that personal finance is not unilateral and there are no correct steps and decisions that ensure success for everyone, we believe this book can help you better understand the decision making processes that goes into taking actionable steps on your FI journey!
Book Club Selection:
Timestamps:
Resources Mentioned In Today’s Episode:
More Helpful Links and Resources:
392 | Beginning of a New Era
391 | The Student Loan Reset (Urgent Listen!) | The Student Loan Planner
390 | Taking Stock of Your Life | Jordan Grumet
389 | The Language of Business
388 | The 18-Year-Old Who Actually Listened
387 | How Real Estate Investors Make it Work in High Interest Environments | Coach Carson
386 | The $100K Glorified Sleepaway Camp | Millionaire Educator
385 | Time Is Your Ultimate Luxury
384 | Functionality with Numbers
383 | What Do You Want to be When You Grow Up? | The Fioneers
382 | Name Your Fear, Control Your Risk
381 | Common Sense Spending Guidelines | Housing
380 | Optionality: Making Choices with Finite Resources
379 | The Hidden Job Market
378 | Earning Power: The Best Protection Against Inflation
377 | Glide Path to Retirement During Financial Uncertainty
376 | The Four Backstops to the Four Percent Rule | Sean Mullaney
375 | What is Savings Rate and How to Calculate It?
374 | Tools to Simplify Budgeting and Tracking Finances
373 | Natural Remedies, Startup Economics & Financial Literacy A to Z
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Everyday Courage with Jillian Johnsrud
Rebel Entrepreneur