Ep 45: How Much is Your Money Bias Costing You?

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. <p> </p> <p><strong>What we discuss in this episode: </strong></p> <p><strong>5:26</strong> – Different attitudes about money</p> <p><strong>9:02</strong> – Present bias</p> <p><strong>12:31</strong> – Base rate neglect</p> <p><strong>17:35</strong> – Overconfidence</p> <p><strong>21:30</strong> – Loss aversion</p> <p><strong>23:34</strong> – Better financial health</p> <p><strong>27:00 –</strong> Money priorities</p> <p><strong>30:05</strong> – What we see</p> <p> </p> <p><strong>Read more and get additional financial resources here:</strong> <a href= "http://lifemoneyshow.com">http://lifemoneyshow.com</a> </p> <p> </p> <p><strong>Check out our YouTube channel:</strong> <a href= "https://www.youtube.com/channel/UCPhQ-u12d60Z0HNCwwVubdQ">https://www.youtube.com/channel/UCPhQ-u12d60Z0HNCwwVubdQ</a> </p>