Politicians, media, and advertisers use the framing effect every day to their advantage. Without you even knowing it. I am here to tell you that the bias imposed by the framing effect has a major impact on your financial decisions, too. Come learn how to stop doing dumb things with your money in the first post of the behavioral finance series (BFS #1).
People love getting their big tax returns. It has even made news for those (for and against) the new tax bill. But is getting a tax refund a good thing? Read the post to see what I think, and how I recommend you figure it out to get it right.
When I was in residency, I found the truth in the saying, “We’re All One Phone Call From Our Knees.” This was probably the hardest moment of my life so far. There is a reason that I view wealth and wellness as intrinsically linked. Today, you’ll find out why.
I’ve found that the discipline that comes from workout out and regularly exercising spreads to other areas of my life including spiritual, financial, and even work related areas. Once you learn to be disciplined in one area, its contagious and spreads to others. Today’s post discusses the intersection between personal finance and personal fitness.
After watching some of their interactions it became clear that something spectacular was happening. The patient was attending their own funeral. They were cognizant enough to have conversations with these people that clearly loved him. They shared memories and times together. What would you discuss if that happened?
Is professional coaching for doctors worth all the buzz? Is it effective? And how do you find a good coach. It is all inside
Are you living the life you’ve always wanted? Or are you letting something holding you back? What if you don’t have to do that? Keep reading to find how to change your life.
Want an amazing 2021? Learn how to create and break habits that will set you up for the best year yet!
Success comes with haters. However, your haters don’t define you. Today’s episode is all about how to deal with those who look down on you.
Have you ever left a sporting event, following the crowd, and suddenly realized you were walking the wrong way? What if I told you this phenomenon has a name, and it impacts your money, too?
Understanding our own behavior when it comes to finance is essential because it helps us mitigate wrong-for-us decision making around money. Unless you know these roadblocks exist, you can’t do much to stop them from derailing your financial goals.
Last week, we shared why human behavior matters for our financial lives by taking a look at the first 5 out of 10 psychological phenomena that can (and do) affect your personal finance goals: greed, fear, ego/overconfidence, loss aversion, and analysis paralysis.
This week, we’re diving back into behavioral finance (one of our favorite topics) to share five more types of unchecked human behavior that can sabotage your journey to building the wealth you want.
Despite our best intentions, certain emotions can keep us from building wealth. After many years arming physicians with the information they need to achieve financial wellness, I had a significant realization.
Information is one thing – behavior is another.
As the saying goes, money is 80% behavior and only 20% math.
Not only do I want to share important information about personal finance, I also want to help you recognize how certain behaviors can (and do) affect your finances.
Drawing from one of the classic books about investing, let’s go over five common behaviors that could be keeping you from achieving your financial goals.
Many doctors and high-income professionals hire financial advisors for any number of reasons. Either they’re too busy to handle their finances themselves, they don’t really know how to invest, or they want an expert on their side to make sure they’re on the right track.
So allow me to say from the start: I’m not against financial advisors, but I am against doctors (or anyone, really) being overcharged for bad advice.
There’s no shame in asking for help – you just want to get the help you need at a fair price.
You should be equipped enough to vet and evaluate your financial advisor so you’ll know whether they’re working well on your behalf. How can you be as confident as possible they’re acting in your best interest? This episode will help you find out.
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