Financial Psychology: Biases That Impact Your Life | Retirement Lifestyle Show
Short clip, 5 of 5 and peek into the episode "Financial Psychology: Biases That Impact Your Life | Retirement Lifestyle Show" on the Retirement Lifestyle Show. You will want to listen/watch the full episode here: https://youtu.be/tytFPV7ZC2o
OR in your favorite podcast app - links below.
Official Podcast Website: https://retirementlifestyleshow.com/financial-psychology-biases-that-impact-your-life/
In the full episode of the Retirement Lifestyle Show, hosts Roshan Loungani and Adrian Nicholson delve into the realm of financial psychology, exploring how various psychological concepts influence retirement planning and investing. They discuss the status quo bias, heuristics, analysis paralysis, mental accounting, the endowment effect, herd behavior, and narrative fallacy, providing insights and examples to help listeners understand the impact of these biases on their financial decisions. The conversation emphasizes the importance of self-awareness in managing finances and making informed investment choices.
Chapters found in the full episode here: https://youtu.be/tytFPV7ZC2o
00:00 Introduction to Financial Psychology
03:13 Understanding Status Quo Bias
05:58 Heuristics in Financial Decision Making
10:57 Analysis Paralysis: The Dangers of Overthinking
15:00 Mental Accounting and Its Implications
21:14 The Endowment Effect: Emotional Attachments in Finance
27:57 Herd Behavior in Investing
Roshan Loungani can be reached at roshan.loungani@aretewealth.com or at 202-536-4468.
Erik Olson can be reached at erik.olson@aretewealth.com or 815-940-4652.
Adrian Nicholson can be reached at adrian.nicholson@aretewealth.com or at 703-915-8905.
If you want to listen to, or share, this episode from your favorite podcast app then you will find it listed as "RL221 – Financial Psychology: Biases That Impact Your Life" in Spotify, iTunes, and so on... see links below.
Spotify: https://open.spotify.com/show/354IACA2UGM1DMsX8pfKlQ?si=0bfKMPI9TS29JogpOLnG_Q
iTunes: https://podcasts.apple.com/us/podcast/retirement-lifestyle-show-roshan-loungani-erik-olson/id1470410459
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Disclaimer
Welcome, you are now listening to the retirement lifestyle show with Roshan Loungani Erik Olson and Adrian Nicholson. This show is an exploration of ideas to help you work towards your ideal retirement. Roshan Loungani and Erik Olson serve clients across the US. They offer financial planning and investment advice through Arete Wealth Advisors, LLC, an SEC registered investment advisor and securities through Arete Wealth Management LLC, member FINRA, SIPC, and NFA. Get ready for the financial independence of your dreams. All opinions expressed by podcast hosts and guests are solely their own are based on information they believe is reliable. Neither Arete Wealth nor its affiliates, warrants its completeness or accuracy, nor do their opinions reflect the opinion of Arete Wealth. This podcast is for general informational purposes only and should not be regarded as specific advice or recommendations for any individual. Before making any decisions consult a professional. Finally, our music is the chance by Jason Shaw and Audionautix. It’s part of the YouTube Audio Library and it's licensed under a Creative Commons license.
Thank you for listening.