cover of episode Fixing Your Broken Financial Behavior w/ Dan Egan #911

Fixing Your Broken Financial Behavior w/ Dan Egan #911

2024/11/27
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How to Money
AI Deep Dive AI Chapters Transcript
People
D
Dan Egan
J
Joe
面临上水汽车贷款，寻求多种解决方案以减轻财务负担。
M
Matt
无足够信息构建一句话概述
Topics
Joe阐述了建立财富的基本公式，并指出人们常常是自己财务失败的罪魁祸首。他引出了与行为金融学家Dan Egan的对话，探讨人类心理学如何影响财务决策。 Dan Egan分享了他对行为金融学的理解，以及前景理论的核心概念，例如参照点依赖、风险规避和风险寻求。他解释了人们在收益和损失方面不同的风险偏好，以及如何克服这些偏差。他强调了设定目标、建立习惯以及使用外部工具（例如机器人顾问）来改善财务行为的重要性。他还讨论了如何利用目标来激发人们的储蓄和投资行为，以及如何设定现实的预期来避免过度冒险。Dan Egan还谈到了在投资中信仰的作用，以及如何应对市场波动。 Matt分享了他的一些个人经历，例如捡到一件衣服并留下了它，以及他拥有多辆自行车的经历，这些都体现了个人行为对财务决策的影响。 Dan Egan深入探讨了行为金融学，并分享了其在实际应用中的经验。他解释了前景理论，并举例说明了人们在收益和损失方面不同的风险偏好，以及如何克服这些偏差。他强调了设定明确的目标和规则的重要性，以及使用外部工具（例如个性化绩效报告）来改善财务行为。他还讨论了免费服务和高回报投资的潜在风险，以及如何利用目标设定和可视化来增强人们的储蓄和投资行为。Dan Egan还分享了他对机器人顾问的看法，以及行为金融学在未来发展中的可能性。

Deep Dive

Chapters
The episode begins with a discussion on the simplicity of the formula for becoming a millionaire: spend less than you earn and invest in low-cost index funds. However, the challenge lies in the execution due to human behavior.
  • Basic formula for becoming a millionaire: spend less, invest wisely.
  • Simplicity doesn't equate to ease due to human behavior.
  • The biggest obstacle to financial success is often internal.

Shownotes Transcript

  Why aren’t there more millionaires? The basic formula is straightforward: spend less than you earn and invest the surplus in low-cost, diversified index funds. It’s not an exaggeration to say that if you stick to these simple steps, you could be sitting on millions by the time you retire. It’s truly that simple – but simplicity doesn’t always mean it’s easy. As it turns out, the biggest obstacle to building wealth isn’t external factors, it’s us. We are often our own worst enemies when it comes to achieving financial success – or any other goals in life. To help us unpack this idea, we’re joined by behavioral scientist Dan Egan. Dan is the Director of Behavioral Finance and Investing at Betterment, and today we’ll dive into how human psychology shapes our financial decisions, the first steps to correcting money mistakes, the power of setting meaningful goals, managing expectations, and much more!

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