Behavior
Process, Marshmallows, Education and what makes a Good Employee
Focusing more on the process than the outcome will give you greater happiness and a sense of accomplishment. A few other thoughts on delayed gratification and what makes a good employee.
A Budget gives you line of sight to achieving Financial Security
It is very stressful to live paycheck to paycheck. You can reduce stress by taking control and creating a budget. A budget will give you confidence in how you make all of your spending decisions.
Two mistakes I’ve made and how to avoid them
We learn from mistakes. I’m sharing two of mine to illustrate how important Behavior is to Wisely Investing and Financial Security
For Financial Security, Behavior wins over Education and Intelligence
No amount of intelligence nor education will overcome bad behavior. Learning how your behavior is influenced by your brain will help you achieve Financial Security.
You Need To Be Your Best Advocate
Financial Security is accomplished by making decisions that help you grow your net worth. To make good decisions you need to identify what you need to do and what you need to change in order to accomplish your goals. Listen to your Self Advocate Voice to help you along the way.
Financial Security: The importance of covering the costs of your Basic Needs
Understanding the costs of your Basic Needs is the first step towards achieving Financial Security.
Learn How To Forgive And Believe In Yourself
Everyone struggles. There is no way to be human without struggling and even though it does not feel good, your character, fortitude, resilience, and ability to persevere in the face of hardship are strengthened.
A Podcast: Morgan Housel's, The Morgan Housel Podcast: Intelligence vs. Smarts
I previously recommended Morgan Housel's Book, The Psychology of Money. You can get a link to it below... a very good read to help with your future decision making.
I'm including a link to Morgan's Podcast, Smarts vs. Intelligence. I enjoy reading and listening to Podcasts and believe his podcast is a great one to bookmark. The episodes are short and filled with story telling that underscores the theme he discusses. Being smart and having emotional awareness will very likely lead to a better life than will having an above average level of intelligence.
Book on Behavioral Finance: Morgan Housel's, The Psychology of Money
Housel does a great job of illustrating how our brain processes risk, reward, greed and fear to help you better understand how important Behavior is to your financial well-being. Just about every chapter reinforced a personal perspective.
Housel does a great job of illustrating how our brain processes risk, reward, greed and fear to help you better understand how important Behavior is to your financial well-being. Just about every chapter reinforced a personal perspective.
Podcast Episode #177 Rational Reminder: Dr. Anna Lembke: Dopamine & Decision-Making
Two Canadians, Benjamin Felix and Cameron Passmore, are the hosts of the Rational Reminder podcast. They do a great job covering sensible investing and financial decision-making. In this episode, Felix and Passmore interview Stanford Dr. Anna Lembke author of Dopamine Nation.
It's a timely conversation that covers addiction, how dopamine operates in the brain, how addictive behaviors can be observed and, importantly, modified. Addictions cover a wide range of "drugs of choice" including, legal/illegal drugs, alcohol, gaming, shopping, porn, social media, online activities. One point Lembke makes is to consider a Dopamine Fast to help recalibrate your brain if you are concerned. Everyone is susceptible. Your mental health and financial security is at risk if you are suffering from any form of addiction. Help is available.
Recent Posts
Who is the customer? Why Passive wins.
Active asset managers seek the endorsement of Financial Advisors. Investors seek the advice of Financial Advisors. Who is the customer? The long term performance of low cost passive funds wins hands down.
Japanese internment; a lesson, fear and poor decision making
On February 19, 1945 the Presidential Executive order 9066 devasted the lives of over 100,000 Americans of Japanese descent. Fear is an emotion that can lead to poor decision making.
Rent Control and Fair Value
Government regulations impact your financial well-being. Let’s look at rent control and eminent domain as two areas where public policy can affect your financial security.
Investing: It could be simple
Investing could be so simple yet some financial advisors create unnecessary complexity to justify their fees