Phil's Tax Hacks
Phil's Tax Hacks
Phil Putney
Ep 120: How Much Are Your Money Biases Costing You?
21 minutes Posted Feb 3, 2022 at 10:00 am.
– January market closing
– Morning Star study
– Key Points of study
– Present Bias
– Overconfidence
– Loss Aversion
– Low levels of money bias
– Avoiding biases with a plan
– Build speed bumps
– Setting rules
– Most common biases
– Value with an advisor
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Show notes
Most of us have some biases when it comes to money. Are you afraid of risk? Are you thinking far enough into the future? On today’s episode, we discuss the different types of money biases and whether they could be costing you financially.
 
TIMESTAMPS: 
 
CNBC Article: 98% of Americans have at least 1 money bias, research finds — and it's costing them (cnbc.com)
 
ADDITIONAL INFORMATION: https://philstaxhacks.com/