55 min listen
Why Do People Do Dumb Things? Part 2 | MHFI 156
Why Do People Do Dumb Things? Part 2 | MHFI 156
ratings:
Length:
70 minutes
Released:
Apr 11, 2023
Format:
Podcast episode
Description
Doug and Dusti are back for Part 2 on cognitive biases and how they shape our financial decisions.
How a scarcity mindset can hold you back
Desire to be like everyone else
Decision paralysis
Default bias
Holding onto bad investments
Are we more motivated when we're close to reaching a goal?
Do you love Mile High FI? Support us over at Buy Me A Coffee. Do you really love Mile High FI? Buy Us Two Coffees! and we’ll quit! You win either way!
Links
Connect with Dusti on Instagram
Doug’s site - Check out the NEW Sleep Post.
--
Join the Mile High FI Club – It’s our email list!
Get MHFi Merch – It helps support the show. Get t-shorts & more
**Disclaimer: The podcast is for informational purposes. Maybe entertainment but we won't even make such a claim. You shouldn't take the info as financial, legal, or tax advice. We aren't certified financial planners or advisors. We're not qualified for much. So get advice from professionals.**
Brought To You By:
The Doug Show, aka Affiliate Marketing & Side Hustles
1500 Days, Carl's Blog about Early Retirement
Email us here: doug@milehighfi.com or carl@milehighfi.com
0:00 Intro
2:50 Having a scarcity mindset
8:14 The ''what the hell'' effect
13: 35 Social proof and the desire to be like other people
19:08 The cost of friction and decision paralysis
25:34 Default bias
37:20 Why we hold on to bad investments
45: 18 Getting more motivated at the finish line
55:12 Our favorite desserts
How a scarcity mindset can hold you back
Desire to be like everyone else
Decision paralysis
Default bias
Holding onto bad investments
Are we more motivated when we're close to reaching a goal?
Do you love Mile High FI? Support us over at Buy Me A Coffee. Do you really love Mile High FI? Buy Us Two Coffees! and we’ll quit! You win either way!
Links
Connect with Dusti on Instagram
Doug’s site - Check out the NEW Sleep Post.
--
Join the Mile High FI Club – It’s our email list!
Get MHFi Merch – It helps support the show. Get t-shorts & more
**Disclaimer: The podcast is for informational purposes. Maybe entertainment but we won't even make such a claim. You shouldn't take the info as financial, legal, or tax advice. We aren't certified financial planners or advisors. We're not qualified for much. So get advice from professionals.**
Brought To You By:
The Doug Show, aka Affiliate Marketing & Side Hustles
1500 Days, Carl's Blog about Early Retirement
Email us here: doug@milehighfi.com or carl@milehighfi.com
0:00 Intro
2:50 Having a scarcity mindset
8:14 The ''what the hell'' effect
13: 35 Social proof and the desire to be like other people
19:08 The cost of friction and decision paralysis
25:34 Default bias
37:20 Why we hold on to bad investments
45: 18 Getting more motivated at the finish line
55:12 Our favorite desserts
Released:
Apr 11, 2023
Format:
Podcast episode
Titles in the series (100)
Why Work With *That* Guy and Goals | MHFi 001: Carl and Doug talk about working with each other and why theyre doing the podcast. Carl mentions a rowing machine from Amazon...though any model will do. Doug was reading a Keith McCafferty book. We record on a Zoom Podtrack P4. ★ Let’s h by Mile High FI Podcast