Finance 101 - The Psychology of Money: Why We Make Bad Financial Decisions
Update: 2025-10-30
Description
Understand why personal finance is eighty percent behavior and only twenty percent knowledge. This episode explores cognitive biases like loss aversion, present bias, anchoring, and herd mentality that sabotage your financial decisions. Learn how emotional triggers drive spending, why lifestyle inflation destroys wealth, and how social media amplifies the keeping up with the Joneses trap. Host Nick Ledger reveals practical strategies including the twenty-four hour rule, automation techniques, and how to identify your money scripts from childhood. Discover how to align spending with your values and make better financial decisions by understanding your own psychology.
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This content was created in partnership and with the help of Artificial Intelligence AI
Click here to browse handpicked Amazon finds inspired by this podcast series!
https://amzn.to/42YoQGI
This content was created in partnership and with the help of Artificial Intelligence AI
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