Your Retirement Elevated Podcast with Scott Dougan
Business:Investing
On this episode, we’ll breakdown a CNBC article that analyzes a recent Morningstar study. The study found that most of us have at least one money bias, some of us more than one, and that those biases are very possibly costing us money in our checking, savings, investing and retirement accounts. Listen to see if you might be impacted by a specific money bias and for strategies to get it back under control.
Read the CNBC article: https://www.cnbc.com/2022/01/14/98-percent-of-americans-have-at-least-1-money-bias-study.html
Read more and get additional financial resources here: http://listentoscott.com
What we discuss in this episode:
2:45 – Key points of the article
4:14 – Four main biases
8:25 – Low bias, better financial health
10:07 – Solutions and priorities
13:27 – Biases we see
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Episode #14: Redefining Retirement
Episode #13: The 9 Irrational Investment Behavior Biases Hurting Your Financial Decision-Making
Episode #12: When Stocks Drop - Understanding Market Corrections
Episode #11: Client Personalities - Which One Are You?
Episode #10: What Actual Services Should Your Advisor Provide?
Episode #9: How To Hire The Right Financial Advice-Giver
Episode #8: 2018 End Of Year Tax Planning Checklist
Episode #7: Holiday Ham And Running Out Of Money
Episode #6: Annuities - The Good, The Bad, And The Fine Print
Episode #5: Planning During The "Golden Decade"
Episode #4: Don't Listen To Misleading Marketing
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5 Important Questions To Ask When Making Crucial Financial Decisions
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