Podcasts about sense how we misthink money

Send us a textOn the latest episode of The Get Ready Money Podcast, I spoke with Cara Macksoud, CEO of Money Habitudes about changing the way we think about money and financial behavior.In this episode we discussed:Maximizing your joy with you what you to have.Money decisions under pressure can be more expensive.Take the time to commit to learning something about money. Have money conversations openly and non-judgmentally.Money decisions under pressure can be more expensive. Cara Macksoud, FBS® is the CEO of Money Habitudes. After a 15-year career as a trader on Wall Street and serving as the Chief Financial Officer for a nonprofit organization in New York City, Cara transitioned into the behavioral finance space. She earned a Graduate Certificate in Financial Therapy from Kansas State University and holds a Bachelor of Science in Finance from the NYU Stern School of Business. She is a Certified Financial Behavior Specialist® and a member of the Financial Therapy Association, where she serves on the board as the Chair of Student Engagement. Additionally, she is a member of the Association of Financial Counseling and Planning Education (AFCPE) and is an Accredited Financial Counselor (AFC) candidate.Connect with Cara Macksoud:Website: www.moneyhabitudes.comLinkedIn: https://www.linkedin.com/in/caramacksoud/Mentioned this episode:The Tony Steuer Podcast with Ben Miller: Money Equals Time (here).Predictably Irrational, Revised and Expanded Edition: The Hidden Forces That Shape Our Decisions by Dr. Dan Ariely (Amazon)Dollars and Sense: How We Misthink Money and How to Spend Smarter by Dr. Dan Ariely (Amazon) Support the showThe Get Ready Money Podcast and its guests do not provide investment advice. All content is for educational purposes. Guest opinions do not necessarily reflect the opinions of The Get Ready Money Podcast and Tony Steuer.

What if you could understand why rational people sometimes believe the most irrational things?Dan Ariely is a Professor of Psychology and Behavioral Economics at Duke University, the Center for Advanced Hindsight, and is also the author of several books including his most recent work, Misbelief: What Makes Rational People Believe Irrational Things. His work is also the subject of a new TV show called The Irrational.Greg and Dan discuss many aspects of misbelief and irrationality. Dan describes his own journey of finding himself at the center of different conspiracy theories during the COVID-19 pandemic where he unexpectedly found himself accused of being part of a sinister plot. This shocking experience spurred him to delve deep into the phenomenon of misbelief, and he shares his invaluable field research and insights on this perplexing topic. Dan also explains the concept of "Shibboleth" as a social marker in political discourse, examining how language and terminology often signify group membership rather than convey actual beliefs. Dan and Greg discuss the critical role of maintaining transparency and trustworthiness in scientific communication and reflect on the evolving role of academia in addressing societal issues. *unSILOed Podcast is produced by University FM.*Episode Quotes:Are we in a period of low resilience?19:25: We are at a period of high stress and low resilience. Why do we have low resilience? Because we spend less time with friends. We spend more time with our nuclear family. We have less good friends for all kinds of reasons, but, you know, for example, one of them is that we're not allowed to have friends at work anymore. And what I mean by that is that there are topics that you can't talk about at work. It's frowned upon to talk about sexual issues. It's frowned upon to talk about politics. We spend lots of time with those people. It used to be the place where you got new friends. Now it's not anymore, right? There's not that much going out with friends after work to drink. And you don't know much about the people that we work with.Redefining misbelief06:14: Misbelief is not just about believing in something that isn't so; it's also about adopting it to such a degree that it colors everything we look at. And that's the dangerous thing, right? Because the moment you have some belief…[06:37] it becomes a central tenet in the way you interpret the world; it becomes much broader than that because you start being suspicious and so on.Why does replication matter in social science?52:20: I think there are lots of reasons why things don't replicate. I think that intention is a very small subset. And my hope is that we will grow as a science. We need to be more careful, and so on. But we also need to understand that lack of replication sometimes is just asking another question of what was different between those two things rather than saying, "Oh, it must mean that the first one was not correct. And the second one is correct."The high cost of incorrect beliefs23:43: We live in a world in which some wrong beliefs can have very large consequences. So I don't know if people believe in more incorrect things; probably we believe in less incorrect things, but I think that the cost of believing in incorrect things can be much higher.Show Links:Recommended Resources:The IrrationalBronisław MalinowskiShibbolethFriedrich SchillerCui bono?Richard ThalerCass SunsteinDiederik StapelGuest Profile:DanAriely.comThe Center for Advanced HindsightProfile on LinkedInWikipedia ProfileHis Work:Amazon Author WorksMisbelief: What Makes Rational People Believe Irrational ThingsDollars and Sense: How We Misthink Money and How to Spend SmarterThe Honest Truth About Dishonesty: How We Lie to Everyone--Especially OurselvesThe Upside of Irrationality: The Unexpected Benefits of Defying LogicPredictably Irrational, Revised and Expanded Edition: The Hidden Forces That Shape Our DecisionsTED TalksDan's Youtube Page

Chapter 1 What's The Upside of Irrationality Book by Dan Ariely"The Upside of Irrationality" is a book by behavioral economist Dan Ariely that explores why humans often act in irrational ways and the potential benefits of this irrationality. Ariely argues that while irrational behavior can sometimes lead us astray, it can also have positive effects, such as helping us to make more creative decisions and fostering social connections. The book delves into various aspects of human behavior, such as motivation, decision-making, and relationships, and offers insights into how understanding our irrational tendencies can lead to personal and professional growth.Chapter 2 Is The Upside of Irrationality Book A Good BookDan Ariely's book "The Upside of Irrationality" has received positive reviews from readers and critics alike. It offers insights into human behavior and decision-making, discussing how our irrational tendencies can both hinder and benefit us. The book is well-written, engaging, and thought-provoking, making it a good choice for anyone interested in psychology, economics, and self-improvement. Overall, "The Upside of Irrationality" is considered a good book worth reading.Chapter 3 The Upside of Irrationality Book by Dan Ariely Summary"The Upside of Irrationality: The Unexpected Benefits of Defying Logic at Work and at Home" is a book by Dan Ariely that explores how irrational behavior can actually have positive outcomes in various aspects of our lives. Ariely, a professor of psychology and behavioral economics, presents research and real-life examples to illustrate how irrationality can lead to creativity, innovation, and better decision-making.One key point in the book is the idea that embracing our irrational behaviors can lead to greater happiness and fulfillment. Ariely argues that by understanding and accepting our flaws and biases, we can make better choices and improve our overall well-being.Another important concept in the book is the idea that irrationality can drive innovation and creativity. Ariely presents examples of how thinking outside the box and taking risks can lead to breakthrough ideas and solutions that may not have been possible through rational thinking alone.Overall, "The Upside of Irrationality" challenges traditional views of logic and rationality, suggesting that there are unexpected benefits to embracing our irrational tendencies. It encourages readers to embrace their imperfections and biases, and to use them as tools for personal growth and success. Chapter 4 The Upside of Irrationality Book AuthorDan Ariely is a professor of psychology and behavioral economics at Duke University. He is also the founder of The Center for Advanced Hindsight and co-founder of BEworks, a business and behavioral economics consultancy."The Upside of Irrationality" was released in 2010. It is a sequel to Ariely's previous book, "Predictably Irrational: The Hidden Forces That Shape Our Decisions," which was published in 2008 and became a New York Times bestseller.Some of Ariely's other books include "The Honest Truth About Dishonesty: How We Lie to Everyone - Especially Ourselves" (2012), "Dollars and Sense: How We Misthink Money and How to Spend Smarter" (2017), and "Payoff: The Hidden Logic That Shapes Our Motivations" (2016).In terms of editions and popularity, "Predictably Irrational" is generally considered Ariely's most successful book, having been translated into over 30 languages and sold over one million copies worldwide.Chapter 5 The Upside of Irrationality Book Meaning...

How can we make better decisions regarding Money? Author, Jeff Kreisler is here to talk about a book he co-authored titled, Dollars and Sense - How We Misthink Money and How We Spend Smarter.

In this episode: travel rewards, credit cards, the true cost of buying a car, health, retirement, and community wins. This week we are re-joined by Ginger for another Round-Up episode where we will briefly discuss travel rewards, updates on Ginger's credit card journey, the value of implementing new habits, and also dip into the listener mailbag! Over the course of this podcast we often discuss the importance of taking action and making changes in your life to not only achieve FI but also improve your life overall. While we know changes don't happen overnight, (just as no one can reach their FI goal overnight) it's important to remember that sometimes the best thing you can do is take action little by little. Sometimes this means budgeting, and other times it can mean breaking free from an unhealthy frugal mindset in order improve your quality of life! Whatever the changes you wish to make or habits you want to create are, remember it's never too late to begin!  Timestamps: 0:10 - Introduction 0:29 - Travel Rewards 6:52 - Global Entry/Credit Cards 16:30 - The True Cost Of Buying A Car 25:49 - Health, Fitness, and Habits 39:44 - Pensions and Retirement Numbers 48:22 - Community Wins 54:34 - Conclusion Resources Mentioned In Today's Episode: Dollars and Sense | Clint Murphy & Ginger | ChooseFI Ep 438  “Dollars and Sense: How We Misthink Money and How to Spend Smarter” By Jeff Kreisler and Dan Ariely Featured Travel Rewards Articles Rewards Credit Card Offers From Our Partners Outside 365 | Greg Heil | ChooseFI Ep 433 "Outlive: The Science and Art of Longevity" by Dr. Peter Attia The Valuist Returns | FI Roundup with Bo Loy | ChooseFI Ep 441 Atomic Habits | James Clear | ChooseFI Ep 157 "Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones" by James Clear The Golden Albatross | Grumpus Maximus | ChooseFI Ep 57 The Golden Albatross | Grumpus Maximus | ChooseFI Ep 227 Is Your Pension Healthy? | ChooseFI Ep 316 "The Golden Albatross: How To Determine If Your Pension Is Worth It" by Grumpus Maximus FI Is Fun Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: the pain of paying, anchoring, relative value, sunk costs, response to stimulus, and opportunity cost. On this installment of the Book Club, we are joined by Clint Murphy and Ginger to discuss some of our favorite takeaways from Dan Ariely and Jeff Kreisler's "Dollars and Sense: How We Misthink Money and How to Spend Smarter," We often mention on this podcast the importance of actionable steps you must be willing to take while on the journey to FI, and this book is chalk-full of actionable tips and examples that could possibly be applied to many areas of your life, not just personal finance. While we know that personal finance is not unilateral and there are no correct steps and decisions that ensure success for everyone, we believe this book can help you better understand the decision making processes that goes into taking actionable steps on your FI journey!  Book Club Selection: "Dollars and Sense: How We Misthink Money and How to Spend Smarter" by Dan Ariely and Jeff Kreisler Timestamps: 1:21 - Introduction 4:20 - Reducing The Pain Of Paying 11:42 - Anchoring 19:01 - Opportunity Cost and Saying No 25:40 - Relative Value 30:20 - Why We Don't Understand Fairness and Value 38:49 - Sunk Costs 46:31 - Overvaluing What Your Already Have 50:07 - Spreading The Gap Between Stimulus and Response 57:21 - Conclusion Resources Mentioned In Today's Episode: The Growth Guide Podcast Clint's Twitter: @IAmClintMurphy FI is Fun The Great Man Within "Die With Zero: Getting All You Can from Your Money and Your Life" by Bill Perkins "Predictably Irrational, Revised and Expanded Edition: The Hidden Forces That Shape Our Decisions" by Dan Ariely Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

In this episode: personal investments, 401k contributions, FI is for everyone, travel rewards, task management, and taxes. On what is considered a very personal journey, how do you handle changes that feel like setbacks? Whether its spending more when you feel you should be saving, or re-evaluating goals based on what needs immediate attention, do you feel equipped to handle it with confidence? This week we are having a weekly roundup, and are re-joined by Ginger to not only answer listener's questions, but discuss travel rewards, retirement accounts, and breaking away from the ultra frugal caricature often depicted alongside FI. While saving is an important factor on this journey, the main purpose of FI is to learn and live your life with intention as it relates to your money, goals, and values. Remember that it's okay if some of your goals and values will change along the way! Allowing yourself to be flexible as it relates to external factors, like market volatility and your investments, will give you more power and control to continue ahead with confidence and optimism!  Timestamps: 1:04 - Introduction 3:31 - FI Is For Everyone 9:16 - Personal Investments 14:08 - Paying For Experiences 19:09 - An Introduction To FI 28:20 - Task Management 35:19 - Travel Rewards 47:06 - 401k Contribution Question 61:00 - Tax Season Hack 68:51 - The Content We Are Consuming 75:28 - Conclusion Resources Mentioned In Today's Episode: Four Thousand Weeks | ChooseFI Book Club | ChooseFI Ep 415 "Dollars and Sense: How We Misthink Money and How to Spend Smarter" by Dr Dan Ariely and Jeff Kreisler "Die With Zero: Getting All You Can from Your Money and Your Life" by Bill Perkins The Peter Attia Drive All The Hacks Taking Stock of Your Life | Jordan Grumet | ChooseFI Ep 390 Playing With FIRE Todoist Tim Ferriss Huberman Lab My First Million ChooseFI Travel Rewards Travel Rewards: How To Travel The World For Almost Free (The Easy Way) | ChooseFI Ep 9 A Guided Meditation for When the Stock Market Is Dropping Go Curry Cracker | Capital Gains, Losses and The Roth Conversion Ladder | ChooseFI Ep 18 "A Deadly Education" by Naomi Novik "The Premonition: A Pandemic Story" by Michael Lewis "The New New Thing: A Silicon Valley Story" by Michael Lewis "The Undoing Project: A Friendship That Changed Our Minds" by Michael Lewis Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Keep learning or start a new side hustle with one of our educational courses Commission-Free Investing with M1 Finance

Cynthia Knapp Dlugosz discusses the intersection between mindfulness and money. Key Points From This Episode Getting to know Cynthia, starting with the pivots and arc of her career. Discussing how her 20 years of mindfulness training began intersecting with pharmacy.  How the topics of burnout, resilience, and wellness have only recently gained traction. Cynthia shares her turning point from irresponsible money management to intentionality. Using the analogy of the Weight Watchers approach to get real with your spending. A step-by-step outline of how she first took control of her finances. How our relationship with money has changed in the age of automation and plastic. Defining mindfulness and how meditation trains us to live in the present moment.  The various purposes and ways meditation can be practiced. Debunking a common misconception about meditating. Exploring different ways to use breathing as an anchor for your attention.  How mindfulness meditation is like a bicep curl. How being present and mindful is key to making the right decisions with your money. Peeling back the onion of our emotional baggage and unconscious script around money. The importance of acknowledging our underlying fears and getting curious about them. Dealing with the changing goalposts on the question, “Do I have enough?” The concept of hedonic adaptation; we get used to what we already have.  Setting yourself up with a solid foundation and then giving yourself permission to spend. Cynthia shares some resources from her website, and some exciting future offerings!  Links Mentioned in Today's Episode YFP Planning: Financial Planning for Pharmacists Book a free Discovery Call with YFP Planning Create a Comprehensive Estate Plan with Thoughtful Wills ASHP NACDS ASCP Join APhA - Get 25% Off Your Membership with Code: YFP headspace Omega Institute Jon Kabat-Zinn Mindfulness Based Stress Reduction The Pema Chödrön Foundation Thich Nhat Han Sharon Salzberg Jack Kornfield Your Financial Pharmacist Weight Watchers Jenny Craig Cynthia Knapp Dlugosz Pharmacy Work/Life Matters Sign up for the Pharmacy Work/Life Matters Newsletter Your Financial Pharmacist Disclaimer and Disclosures Cynthia's Recommended Books Dollars and Sense: How We Misthink Money and How to Spend Smarter by Dan Ariely and Jeff Kreisler Mindful Money: Simple Practices for Reaching Your Financial Goals and Increasing Your Happiness Dividend by Jonathan K. DeYoe Mind over Money: The Psychology of Money and How to Use It Better by Claudia Hammond The Art of Money: A Life-Changing Guide to Financial Happiness by Bari Tessler

Did You Know?Financial illiteracy cost the average American $1,634 in 2020Jeff Kreisler is a highly-regarded behavioral scientist, current Head of Behavioral Science at JP Morgan, Founder of PeopleScience.com, award-winning comedian, and best-selling author of several books.One of them, “Dollars and Sense: How We Misthink Money and How to Spend Smarter”, explores the psychology of money and financial behavior.  In this episode we discuss strategies to make better financial decisions, common irrational behaviors which influence our choices, how credit cards and subscription services have changed our relationship with money, the “IKEA effect”, money as a measure of success, among other topics.====================  0:00 Intro02:10 How Jeff became involved in behavioral economics04:50 Classical economics doesn’t account for the human element07:03 Everybody makes money mistakes08:28 Opportunity cost is the theoretical bedrock of financial decisions11:07 Behavioral science and financial advisory 12:32 JC Penney’s pricing tactics 14:42 How comparison and price relativity affects us  18:01 The pain of paying 21:56 Be judicious about significant purchases not every little purchase23:13 Anchoring and over-valuing what we have 28:03 The “American Dream” as a social anchor 29:48 Prospect theory and loss diversion 31:42 The IKEA effect34:16 How we measure the fairness of a price  35:55 Why do people love Uber?37:01 Picasso story on demonstrating your value 40:12 How marketing language sets expectations 44:06 Money is an easy way to assess our success, but a flawed one49:09 Strategies to make better financial decisions 53:10 Connect with your future self 54:14 There’s no shame in talking about money and our mistakes 56:23 Wrap-up 56:44 One final question ==================== References: “Dollars and Sense: How We Misthink Money and How to Spend Smarter” by Dr. Dan Ariely and Jeff Kreisler https://amzn.to/3a2GHRJ====================  To help make a difference, follow us for weekly episodes! Search for books by our guests on our website and sign up for the “Rising Weekly” to receive a Friday email “where we enrich episodes”.  If you believe our podcast has ever shifted your perspective, please share it with someone you know and rate us.  Thank you so much for tuning in and we welcome you back to our next episode. ==================== Instagram: https://www.instagram.com/risinglaterally/Twitter: https://twitter.com/RisingLaterallyApple Podcasts: https://podcasts.apple.com/us/podcast/rising-laterally/id1524717120 Spotify: https://open.spotify.com/show/3hbMEHVOZJVMdCZBhthTIh  YouTube: https://www.youtube.com/channel/UCaIDpt943-sihvPBxX7oXaw

Do you have sunk costs that clutter your closet? But what is a sunk cost and how does it make letting go of stuff you no longer use or need harder? You can streamline your business admin tasks with HousecallPro.com/Angela If you struggle to let go of material possessions while decluttering, this is for you. Today's #AskaHouseCleaner sponsors are Savvy Cleaner Training for house cleaners and maids. And Housecall Pro. #AngelaBrown #SavvyCleaner *** RATE THIS SHOW *** https://sotellus.com/r/savvy-cleaner *** RATE THIS PODCAST *** https://ratethispodcast.com/askahousecleaner *** TRAINING & CLEANING CERTIFICATION *** https://SavvyCleaner.com/Calendar-of-Courses *** MOST REQUESTED LIST OF CLEANING STUFF I USE *** https://www.Amazon.com/shop/AngelaBrown ***FUNNY CLEANING SHIRTS – DAILY GIVEAWAY*** Enter to Win - https://funnycleaningshirts.com *** MORE VIDEOS ON THIS TOPIC *** 4 Decluttering Roadblocks & How to Overcome Them! Letting Go of Stuff - Clean My Space - https://youtu.be/ZlkXU-onhJw How to Let Go of Things You Don't Need - 4 Tips to Make Decluttering Easier - Dolores Rovina - https://youtu.be/AusWfmSv8uU Letting Go of Sentimental Items - Matt D'Avella - https://youtu.be/nl-tKUlSrow What is a Sunk Cost? - Investor Trading Academy - https://youtu.be/cdjd--57E9c How Sunk Costs makes you Act Stupid - Lifelong Learners - https://youtu.be/8tHb2kAB5OQ *** GOOD KARMA RESOURCES FROM THIS EPISODE *** These good karma links connect you to Amazon.com and affiliated sites that offer products or services that relate to today’s show. When you click on the links and buy the items you pay the exact same prices or less than if you found the links on your own elsewhere. The difference is that we make a small commission here at the show for sharing these links with you. Bad Arguments: 100 of the Most Important Fallacies in Western Philosophy - https://amzn.to/2Wx6eeA Dollars and Sense: How We Misthink Money and How to Spend Smarter - https://amzn.to/38lL4Wg Your Dollars, Our Sense: A Fun & Simple Guide to Money Matters - https://amzn.to/3p2ZzVq The Joy of Less: A Minimalist Guide to Declutter, Organize, and Simplify - https://amzn.to/2WwIGXa The Lazy Genius Way: Embrace What Matters, Ditch What Doesn't, and Get Stuff Done - https://amzn.to/38lt8uF *** CONNECT WITH ANGELA ON SOCIAL MEDIA *** LinkedIn: https://www.linkedin.com/in/savvycleaner/ Facebook: https://Facebook.com/SavvyCleaner Twitter: https://Twitter.com/SavvyCleane Instagram: https://Instagram.com/SavvyCleaner Pinterest: https://Pinterest.com/SavvyCleaner *** GOT A QUESTION FOR A SHOW? *** Email it to Angela[at]AskaHouseCleaner.com Voice Mail: Click on the blue button at https://askahousecleaner.com *** FREE EBOOK – HOW TO START YOUR OWN HOUSE CLEANING COMPANY *** http://amzn.to/2xUAF3Z *** PROFESSIONAL HOUSE CLEANERS PRIVATE FACEBOOK GROUP *** https://www.facebook.com/groups/ProfessionalHouseCleaners/ *** VRBO AIRBNB CLEANING FACEBOOK GROUP *** https://www.facebook.com/groups/VRBO.Airbnb.Cleaning/ *** LOOKING FOR WAY TO GET MORE CLEANING LEADS *** https://housecleaning360.com *** WHAT IS ASK A HOUSE CLEANER? *** Ask a House Cleaner is a daily show where you get to ask your house cleaning questions and we provide answers. Learn how to clean. How to start a cleaning business. Marketing and advertising tips for your cleaning service. How to find top quality house cleaners, housekeepers, and maids. Employee motivation tactics. Strategies to boost your cleaning clientele. And cleaning company expansion help. Our host, Angela Brown, ran and managed one of the largest independently owned cleaning companies in the Southeast for 25-years. She’s the CEO, and founder of Savvy Cleaner Training for House Cleaners and Maids. *** SPONSORSHIPS & BRANDS *** We do work with sponsors and brands. If you are interested in working with us and you have a product or service that is cohesive to the cleaning industry read this: https://savvycleaner.com/product-review *** THIS SHOW WAS SPONSORED BY *** SAVVY CLEANER - House Cleaner Training and Certification – https://savvycleaner.com MY CLEANING CONNECTION – Your hub for all things cleaning – https://mycleaningconnection.com SAVVY PERKS – Employee Benefits for Small Business Owners – https://savvyperks.com VRBO AIRBNB CLEANING – Cleaning tips and strategies for your short-term rental https://TurnoverCleaningTips.com *** VIDEO CREDITS *** VIDEO/AUDIO EDITING: Kristin O https://savvycleaner.com/reviews/kristin-o POST PRODUCTION: Amber O https://savvycleaner.com/reviews/amber-o HOST: Angela Brown https://savvycleaner.com/reviews/angela-brown PRODUCER: Savvy Cleaner https://savvycleaner.com

Has anyone ever told you that you couldn’t sing or carry a tune? Kids are often told that and it can really embarrass them and leave a lasting impression. The truth is just about anyone can sing and sing well. So forget what you were told and listen to my explanation. https://news.northwestern.edu/stories/2015/02/cant-sing-keep-at-it/ The ability to forgive is wonderful. But while people can forgive, we also have the ability (and often the desire) to seek revenge when someone has harmed us. Psychologist Michael McCullough author of the book, Beyond Revenge (http://amzn.to/2BgFwNI) talks with me about how to best deal with someone who has hurt you and he explores whether or not you can make a case for revenge in some circumstances. There is a good chance you have a favorite coffee mug. Lots of people do. And I think you will find it either odd or comforting just how attached people get to their coffee mug and what they feel if someone else uses it or – God forbid – it breaks! https://www.psychologytoday.com/us/blog/minding-the-body/201602/6-reasons-were-emotionally-attached-our-favorite-mugs All your life you deal with money. And how well you deal with it and understand it will have a huge impact on you. Jeff Kreisler author of the book, Dollars and Sense: How We Misthink Money and How to Spend Smarter (http://amzn.to/2nMsCiQ) uncovers some of the mysteries of money like why you enjoy spending money on some things but hate spending money on others; how you decide what the value of things are; why you will spend more on vacation than you will at home for the very same things and more. This Week's Sponsors -Netgear. Go to https://www.netgear.com/bestwifi Learn more about your ad choices. Visit megaphone.fm/adchoices

My guest today is Jeff Kreisler, a typical Princeton educated lawyer turned award-winning comedian, best-selling author, international keynote speaker and champion for behavioral economics. The topics are his books Dollars and Sense: How We Misthink Money and How to Spend Smarter and Get Rich Cheating: The Crooked Path to Easy Street. In this episode of Trend Following Radio we discuss: Human Irrationality Hoarding Toilet Paper What is Money? Behavioral Science Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

Hello Podcast Listeners, Today is a very special episode with Jeff Kreisler, Editor-in-Chief PeopleScience, Speaker, Comedian, Behavioral Science Advocate. Jeff is co-author of “Dollars and Sense: How We Misthink Money and How to Spend Smarter.” In today’s episode we discuss the potential biases that we may face during this crisis. Enjoy and thanks for the listen!

In this timely episode, recorded during the coronavirus pandemic of 2020, we’re talking about the psychology behind how we think about money, the mistakes we make, and why we’re so prone to irrational behavior in both good times and bad. It’s hard not to get emotional when it comes to money. The stock market took a sharp negative turn recently and the short-term future of the economy is uncertain to say the least. Many Americans are either out of work or find themselves having to pivot to earn money. It would be 100% normal to be panicking now, however, it doesn’t have to be that way. In this interview, Jeff and I talk about how, if you’re attempting to “react” to what’s happened, you’re not likely to be making decisions that are doing you any good. For example, people are asking me questions like, “Should we sell out of the market at least partially?” or “How can I make sure to get in at the bottom?” or “Don’t you think hotel stocks are poised for a great return?” Despite what the media would have you believe, nobody knows the short-term future so these questions cannot be answered. More importantly, investing is about size and consistency, not timing, and it’s important to take a look at it from a big-picture perspective. As we navigate the coronavirus crisis, our minds are more vulnerable than ever to tricks, traps, and temptations. If you’re wondering how to invest, what to do with your investments, or just why you’re reacting the way you are to reading the news or checking the market, today’s episode of Profit Boss® is for you. I’m joined by author, speaker, pundit, comedian, and behavioral science advocate Jeff Kreisler. In addition to writing for TV, politicians, CEOs, and sharing insights on networks like CNN, Fox News, MSNBC, and SiriusXM while he’s not touring the planet, Jeff runs Peoplescience.com. He and past Profit Boss® guest Dan Ariely recently co-wrote Dollars and Sense: How We Misthink Money and How To Spend Smarter, where they hilariously tackle the behavioral science behind our financial decisions. So, are you ready to stop letting the news cycle leave you wondering if now’s a good time to buy or sell, identify financial traps before you fall prey to them, and discover frameworks that will help you use human nature to your benefit? Then you don’t want to miss this episode. Tune in to Profit Boss® Radio today! Here’s what you’ll find out in this week’s episode of Profit Boss® Radio: Why we participate in emotional, panicked, and irrational behavior, like hoarding toilet paper, when we see others do it - and how a crisis like the coronavirus makes bad thinking even worse when it comes to money. The reason it’s so important to take a 30,000 foot view of your finances during a recession or extended downturn. Why our brains struggle so much to understand money - and why the things that make money “awesome” in Jeff’s words are also the things that make it so complicated. The things people are most frequently getting wrong right now - and why we’re so prone to making terrible tradeoffs for the future in this moment. Why making your IRA contributions automatic and paying your bills first has a significant, positive impact on your ability to save. Why we’re so much more prone to stressing about small spends instead of big ones.  Show Notes To get access to the full show notes, including resources mentioned, transcript, and a complete breakdown of the End of Year Wealth Building Checklist, visit HilaryHendershott.com/162. Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to The Retirement Years on Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google Podcasts

In this timely episode, recorded during the coronavirus pandemic of 2020, we’re talking about the psychology behind how we think about money, the mistakes we make, and why we’re so prone to irrational behavior in both good times and bad. It’s hard not to get emotional when it comes to money. The stock market took a sharp negative turn recently and the short-term future of the economy is uncertain to say the least. Many Americans are either out of work or find themselves having to pivot to earn money. It would be 100% normal to be panicking now, however, it doesn’t have to be that way. In this interview, Jeff and I talk about how, if you’re attempting to “react” to what’s happened, you’re not likely to be making decisions that are doing you any good. For example, people are asking me questions like, “Should we sell out of the market at least partially?” or “How can I make sure to get in at the bottom?” or “Don’t you think hotel stocks are poised for a great return?” Despite what the media would have you believe, nobody knows the short-term future so these questions cannot be answered. More importantly, investing is about size and consistency, not timing, and it’s important to take a look at it from a big-picture perspective. As we navigate the coronavirus crisis, our minds are more vulnerable than ever to tricks, traps, and temptations. If you’re wondering how to invest, what to do with your investments, or just why you’re reacting the way you are to reading the news or checking the market, today’s episode of Profit Boss® is for you. I’m joined by author, speaker, pundit, comedian, and behavioral science advocate Jeff Kreisler. In addition to writing for TV, politicians, CEOs, and sharing insights on networks like CNN, Fox News, MSNBC, and SiriusXM while he’s not touring the planet, Jeff runs Peoplescience.com. He and past Profit Boss® guest Dan Ariely recently co-wrote Dollars and Sense: How We Misthink Money and How To Spend Smarter, where they hilariously tackle the behavioral science behind our financial decisions. So, are you ready to stop letting the news cycle leave you wondering if now’s a good time to buy or sell, identify financial traps before you fall prey to them, and discover frameworks that will help you use human nature to your benefit? Then you don’t want to miss this episode. Tune in to Profit Boss® Radio today! Here’s what you’ll find out in this week’s episode of Profit Boss® Radio: Why we participate in emotional, panicked, and irrational behavior, like hoarding toilet paper, when we see others do it - and how a crisis like the coronavirus makes bad thinking even worse when it comes to money. The reason it’s so important to take a 30,000 foot view of your finances during a recession or extended downturn. Why our brains struggle so much to understand money - and why the things that make money “awesome” in Jeff’s words are also the things that make it so complicated. The things people are most frequently getting wrong right now - and why we’re so prone to making terrible tradeoffs for the future in this moment. Why making your IRA contributions automatic and paying your bills first has a significant, positive impact on your ability to save. Why we’re so much more prone to stressing about small spends instead of big ones.  Show Notes To get access to the full show notes, including resources mentioned, transcript, and a complete breakdown of the End of Year Wealth Building Checklist, visit HilaryHendershott.com/162. Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to The Retirement Years on Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google Podcasts

Wir treffen jeden Tag Abertausende Entscheidungen, unser gesamtes Leben wird von unseren Entscheidungen gesteuert oder beeinflusst. Wie du deine Entscheidungsfähigkeit trainieren kannst, was Pokern mit Entscheidungen im Unternehmen zu tun hat, wie du Entscheidungsmüdigkeit verhinderst und vieles mehr erfährst du heute in meinem Gespräch mit Tino Engel. Tino Engel war schon immer an spannenden Themen, wie „Entscheidungen“ und „Selbstentwicklung“ interessiert. In einer schwierigen beruflichen Situation kam er zufällig zum Pokern, wofür er sehr schnell eine große Faszination und Leidenschaft entwickelte, nicht zuletzt, weil Entscheidungen dabei ein große Rolle spielen. Er hat sich mit Analyse, Theorie und Strategie des Spiels auseinandergesetzt, und zwar sechs Jahre lang auf einem professionellen Level. 2016 gründete Tino Engel sein Unternehmen, das das Pokerspiel nutzt, um die Entscheidungsfähigkeit in Unternehmen zu trainieren, für Einzelpersonen, für Teams aber auch für ganze Unternehmen. Mit seinem zweiten Unternehmen coacht er professionelle Pokerspieler. Da geht es hauptsächlich um strategische und spieltheoretische Überlegungen, aber auch um Mindset Coaching. In dieser Podcast-Folge erklärt Tino Engel nun also: wie man seine Entscheidungsfähigkeit trainieren kann, welche Gemeinsamkeiten es zwischen dem Pokerspielen und dem Treffen von Entscheidungen im Unternehmen oder im Leben gibt, was es mit der Entscheidungsmüdigkeit auf sich hat und wie man wieder aus ihr herausfindet. In dieser Podcast-Folge hörst du seine Antworten. LINKS: Die Webseite von Tino Engel Das LinkedIn-Profil von Tino Engel Ein Artikel über Entscheidungsmüdigkeit auf meinem Blog: Weshalb dich Entscheidungsmüdigkeit ausbremst Chris Bailey, The Productivity Project: Accomplishing More by Managing Your Time, Attention, and Energy (Affiliate-Link) Dan Ariely und Jeff Kreisler, Dollars and Sense: How We Misthink Money and How to Spend Smarter (Affiliate-Link) Mein Online-Workshop „Arbeite klüger, nicht härter“

Témáink ebben az epizódban: YNAB automatizálás és a Dollars and Sense könyv. Linkek az adásból: Blinkist: Big ideas in small packages Dan Ariely, Jeff Kreisler: A (túl)költekezés pszichológiája | bookline Dollars and Sense: How We Misthink Money and How to Spend Smarter (English Edition) eBook: Ariely, Dan, Kreisler, Jeff: Amazon.de: Kindle-Shop Digital Minimalism: Choosing a Focused Life in a Noisy World - Cal Newport

Wanna know why I bought 3 books instead of lunch? It is predictably irrational behavior and can double your house cleaning revenues. I bought 3 books instead of lunch when I meant to buy only one book. The book Predictably Irrational by Dan Ariely is about behavioral economics. He talks about selling a bundle of items rather than a single item (or service.) His buying observations tricked me too. It's human behavior to want a deal. And his selling observations came true when I bought 3 books in a bundle to get more for my money. Today's #AskaHouseCleaner sponsors are Savvy Cleaner. (Training for house cleaners and maids.) *** HOW DID WE DO? (Help us improve) *** Kristin edited this video – how did she do? https://savvycleaner.com/reviews/kristin-o What can Angela do to make these videos more interesting for you? https://savvycleaner.com/reviews/angela-brown *** MOST REQUESTED LIST OF CLEANING STUFF I USE *** https://www.Amazon.com/shop/AngelaBrown *** MORE VIDEOS ON THIS TOPIC *** Predictably Irrational - basic human motivations: Dan Ariely TEDx Talks - https://youtu.be/wfcro5iM5vw Predictably Irrational by Dan Ariely - Animation FightMediocrity - https://youtu.be/-8qIpRRi4cU Are we in control of our decisions? | Dan Ariely - TED - https://youtu.be/9X68dm92HVI Dan Ariely: "Predictably Irrational" | Talks at Google - https://youtu.be/VZv--sm9XXU Behavioral Economics: Crash Course Economics #27 - CrashCourse - https://youtu.be/dqxQ3E1bubI   *** GOOD KARMA RESOURCES FROM THIS EPISODE *** These good karma links connect you to Amazon.com and affiliated sites that offer products or services that relate to today’s show. When you click on the links and buy the items you pay the exact same prices or less than if you found the links on your own elsewhere. The difference is that we make a small commission here at the show for sharing these links with you. So, you create good karma by supporting 8 families who work on this show. The Irrational Bundle: Predictably Irrational, The Upside of Irrationality, and The Honest Truth About Dishonesty - https://amzn.to/2DoiWm7 Predictably Irrational, The Hidden Forces That Shape Our Decisions - https://amzn.to/2rDPVAb Payoff: The Hidden Logic That Shapes Our Motivations - https://amzn.to/2P5phZp Dollars and Sense: How We Misthink Money and How to Spend Smarter - https://amzn.to/2pYBZAp *** CONNECT WITH ANGELA ON SOCIAL MEDIA *** LinkedIn: https://www.linkedin.com/in/savvycleaner/ Facebook: https://Facebook.com/SavvyCleaner Twitter: https://Twitter.com/SavvyCleane Instagram: https://Instagram.com/SavvyCleaner Pinterest: https://Pinterest.com/SavvyCleaner *** GOT A QUESTION FOR A SHOW? *** Email it to Angela[at]AskaHouseCleaner.com Voice Mail: Click on the blue button at https://askahousecleaner.com *** HOUSE CLEANING TIPS VAULT *** (DELIVERED VIA EMAIL) - https://savvycleaner.com/tips *** FREE EBOOK – HOW TO START YOUR OWN HOUSE CLEANING COMPANY *** http://amzn.to/2xUAF3Z *** PROFESSIONAL HOUSE CLEANERS PRIVATE FACEBOOK GROUP *** https://www.facebook.com/groups/ProfessionalHouseCleaners/ *** VRBO AIRBNB CLEANING FACEBOOK GROUP *** https://www.facebook.com/groups/VRBO.Airbnb.Cleaning/ *** LOOKING FOR WAY TO GET MORE CLEANING LEADS *** https://housecleaning360.com *** WHAT IS ASK A HOUSE CLEANER? *** Ask a House Cleaner is a daily show where you get to ask your house cleaning questions and we provide answers. Learn how to clean. How to start a cleaning business. Marketing and Advertising tips for your cleaning service. How to find top quality house cleaners, housekeepers, and maids. Employee motivation tactics. Strategies to boost your cleaning clientele. Cleaning company expansion help. Time-saving Hacks for DIY cleaners and more. Hosted by Angela Brown, 25-year house cleaning expert and founder of Savvy Cleaner Training for House Cleaners and Maids. *** SPONSORSHIPS & BRANDS *** We do work with sponsors and brands. If you are interested in working with us and you have a product or service that is cohesive to the cleaning industry read this: https://savvycleaner.com/product-review *** THIS SHOW WAS SPONSORED BY *** SAVVY CLEANER - House Cleaner Training and Certification – https://savvycleaner.com MY CLEANING CONNECTION – Your hub for all things cleaning – https://mycleaningconnection.com HOUSECLEANING360.COM – Connecting House Cleaners with Homeowners – https://housecleaning360.com SAVVY PERKS – Employee Benefits for Small Business Owners – https://savvyperks.com VRBO AIRBNB CLEANING – Cleaning tips and strategies for your short-term rental https://TurnoverCleaningTips.com

This is Behavioral Grooves’ 100th episode! Who would have thought when we started out two years ago without a clue about HOW to produce and publish a podcast that we’d reach this milestone?  Our first podcast recording began with a very willing Dr. James Heyman, a computer with some recording software, and a dinky little microphone before a meetup we were doing that night. But the conversation was terrific, and we launched it with excitement. Today, we are more thoughtful, have better equipment, and continue to have great guests. For our 100th Episode, we traveled to Philadelphia to host Annie Duke, Jeff Kreisler and Dr. Michael Hallsworth in front of a live audience at the Pennsylvania Academy of the Fine Arts. A little about each of them… This episode covers decision making in an uncertain world with these three renowned experts. We talk about biases and hacks to deal with those biases. And we dove into the role that context plays in our decision making. After the live event, Kurt and Tim groove on some of the highlights of the discussion. Following that, Tim shares a recap in the Bonus Track portion of the episode.   Guests Michael Hallsworth, PhD is the Managing Director of the Behavioural Insights Team in North America, based in Brooklyn, New York. He has also worked on health and taxes in the Cabinet Office of the UK government and has authored behavior change frameworks including MINDSPACE and EAST. Annie Duke is the author of Thinking in Bets: Making Smarter Decisions When You Don’t Have All the Facts, which quickly became a national bestseller. At one point in her career, she was a professional card player, where she won millions in tournament poker. And she is the co-founder of The Alliance for Decision Education, a non-profit whose mission is to improve lives by empowering students through decision skills education. Jeff Kreisler is a Princeton-educated lawyer who became a comedian, then an author, and then a total advocate for behavioral science. With his co-author, Dan Ariely, they wrote Dollars and Sense: How We Misthink Money and How to Spend it Smarter.   Sponsors and Recognition It is important to note our sponsors. Podbean, who has been hosting us since the very first episode, supported our endeavor and helped us live stream our event to listeners all over the world. We are very grateful to PeopleScience, an organization that supports the application of behavioral sciences with special emphasis on the world of rewards and recognition. PeopleScience is a terrific resource for job postings and original authorship. And, most importantly, PeopleScience is doing something that we love: they are bringing more science to the world of work. Special thanks go to a few of our peeps, too. Ben Granlund and Raya Parks helped us prepare for and execute the event. Chris Nave and Eugen Dimant at UPenn sent their masters students to the hall after a very long day of lectures. And Trey Altemose managed all of the people and technical issues as our stage manager. Your best friend at any live event is your stage manager and Trey guided us at every turn.  © 2019 Behavioral Grooves    Links Annie Duke: https://www.annieduke.com/ Jeff Kreisler: http://jeffkreisler.com/ Michael Hallsworth, PhD: https://www.bi.team/people/dr-michael-hallsworth/ PeopleScience: https://peoplescience.maritz.com/ Podbean: https://www.podbean.com/about-us 100-Year-Old Scotch: http://www.oldest.org/food/scotch/ Overconfidence bias: https://en.wikipedia.org/wiki/Overconfidence_effect Imposter Syndrome: https://en.wikipedia.org/wiki/Impostor_syndrome Motivated Reasoning: https://en.wikipedia.org/wiki/Motivated_reasoning Blind Spot Bias (The Bias Bias): https://en.wikipedia.org/wiki/Bias_blind_spot Base Rates: https://onlinelibrary.wiley.com/doi/abs/10.1002/9780470479216.corpsy0109 Illusion of Control: https://en.wikipedia.org/wiki/Illusion_of_control Human Operating Systems: https://www.youtube.com/watch?v=40QCCMVZDO8 Choice Architecture: https://en.wikipedia.org/wiki/Choice_architecture Tribalism: https://en.wikipedia.org/wiki/Tribalism Paternalism: https://en.wikipedia.org/wiki/Paternalism Backfire Effect: https://rationalwiki.org/wiki/Backfire_effect Jay Van Bavel: http://as.nyu.edu/content/nyu-as/as/faculty/jay-van-bavel.html Chris Nave, PhD: https://www.sas.upenn.edu/lps/graduate/mbds/contact/christopher-nave Eugen Dimant, PhD: https://www.sas.upenn.edu/lps/graduate/mbds/faculty/eugen-dimant Cristina Bicchieri, PhD: https://en.wikipedia.org/wiki/Cristina_Bicchieri Jim Guszcza, PhD: https://www2.deloitte.com/us/en/profiles/jguszcza.html Alex Blau: https://www.linkedin.com/in/alexander-blau-2271788/ Alex Imas, PhD: https://www.cmu.edu/dietrich/sds/people/faculty/alex-imas.html Koen Smets: https://www.linkedin.com/in/koensmets/ Motown Records: https://en.wikipedia.org/wiki/Motown Soul Train: https://en.wikipedia.org/wiki/Soul_Train     Musical Links: The Five Stairsteps, “Ooh, Child, Things Are Gonna Get Easier”: https://www.youtube.com/watch?v=_DHRGrIqmb0 Big Thief: https://bigthief.net/ Yo La Tengo: https://www.pastemagazine.com/blogs/lists/2014/12/the-20-best-yo-la-tengo-songs.html Bon Iver: https://boniver.org/ Joni Mitchell: https://en.wikipedia.org/wiki/Joni_Mitchell Queen, “Bohemian Rhapsody”: https://www.youtube.com/watch?v=vsl3gBVO2k4 Violent Femmes: https://en.wikipedia.org/wiki/Violent_Femmes White Stripes: https://en.wikipedia.org/wiki/The_White_Stripes Cake, “I Will Survive”: https://www.youtube.com/watch?v=7KJjVMqNIgA Gloria Gaynor, “I Will Survive”: https://www.youtube.com/watch?v=_OaEnA4diCI Eagles, “Hotel California”: https://en.wikipedia.org/wiki/Hotel_California Berry Gordy: https://en.wikipedia.org/wiki/Berry_Gordy Supremes: https://en.wikipedia.org/wiki/The_Supremes Temptations: https://en.wikipedia.org/wiki/The_Temptations O’Jays, “Love Train”: https://www.youtube.com/watch?v=Sv0f4hd3UHo Masonboro Sound, “Love Train”: https://www.youtube.com/watch?v=tjMthJZT3rA The Spinners: https://en.wikipedia.org/wiki/The_Spinners_(American_R%26B_group) Hall & Oats: https://en.wikipedia.org/wiki/Hall_%26_Oates

It has been said that the predominant thing people think daily is money. Our financial well-being has fully occupied our lives that it dictates what we do and what we think. Getting down into the science of that is lawyer turned author, speaker, pundit, comedian and advocate for behavioral science, Jeff Kreisler. Jeff shows his expertise as he talks about economics, money, and behavior in general. He shares his own journey that led him to explore how economics is a measurement of human behavior. Moving forward, Jeff talks about his book co-written by Daniel Ariely, Dollars and Sense: How We Misthink Money and How to Spend Smarter, ultimately putting forward the importance not in the pursuit of money but the end result in our lifestyle. Love the show? Subscribe, rate, review, and share! Join The Wealth Standard community today:

Jeff Kreisler in conversation with Rory Sutherland, two huge advocates of behavioural science together in one podcast. Follow @jeffkreislerbs Follow @ogilvyconsultuk Dollars and Sense: How We Misthink Money and How to Spend Smarter available here: https://www.amazon.co.uk/Dollars-Sense-Misthink-Money-Smarter/dp/006265120X Sponsor SoundLounge soundlounge.co.uk/

Jeff Kreisler is a man of many talents. He's an attorney, an author, a speaker, and above all, he's a comedian. In this instance, we spoke about his new book "Dollars and Sense: How We Misthink Money and How to Spend Smarter" which he co-wrote with behavior economist Dr. Dan Ariely. Listen to the podcast.

In this episode we discuss how money messes with your brain. We look into the obvious traps we fall into when we think about money, examine how cultural influences shape our financial choices, and explore the key biases that underpin the most common and dangerous financial mistakes that you are most likely to make with our guest Jeff Kreisler.     Jeff Kreisler is a bestselling author and the winner of the Bill Hicks Spirit Award for Thought Provoking Comedy. He is most recently the co-author of the new book Dollars and Sense: How We Misthink Money and How To Spend Smarter with Dan Ariely. (who we have previously had on the show as well?) Jeff is a regular contributor for CNN, Fox News, MSNBC and more!    Get rich cheating??? What’s that all about? The common tropes within the self help industry (and how many of them are not based in evidence) The power of satire to explore the underpinnings of human behavior What is money? Why do we have such a hard time thinking about money? Awareness of your biases is a huge difference maker (even if you do nothing other than just being aware of your biases) Spending is very obvious in our culture, but saving is not Research shows men are more willing to admit they take viagra, than how much money they've saved in their 401ks We dig deep into several of the mental biases that stop you from understanding money The relativity bias and how that impacts spending habits ‘What do you want for dinner” vs “would you rather have chicken or fish for dinner” “The Pain of Paying” Bias and how it impacts what we think about money “The credit card premium” and how using a credit card makes you pay more Anchoring bias and arbitrary coherence.  How your social security number could impact how much you pay for a bottle of wine We often obsess about small financial decisions, but make judgements on a whim with large financial decisions like buying a home or car “Ulysseses contracts," reward substitution and how to create self control How self awareness is the cornerstone of making better financial decisions The locksmith example and how we misunderstand value and fairness Learn more about your ad choices. Visit megaphone.fm/adchoices

Has anyone ever told you that you couldn’t sing or carry a tune? Kids are often told that and it can really embarrass them and leave a lasting impression. The truth is just about anyone can sing and sing well. So forget what you were told and listen to my explanation.The ability to forgive is wonderful. But while people can forgive we also have the ability (and often the desire) to seek revenge when someone has harmed us. Psychologist Michael McCullough author of the book Beyond Revenge (http://amzn.to/2BgFwNI) talks with me about how to best deal with someone who has hurt you and he explores whether or not you can make a case for revenge in some circumstances. There is a good chance you have a favorite coffee mug. Lots of people do. And I think you will find it either odd or comforting just how attached people get to their coffee mug and what they feel if someone else uses it or – God forbid – it breaks!All your life you deal with money. And how well you deal with it and understand it will have a huge impact on you. Jeff Kreisler author of the book Dollars and Sense: How We Misthink Money and How to Spend Smarter (http://amzn.to/2nMsCiQ) uncovers some of the mysteries of money like why you enjoy spending money on some things but hate spending money on others; how you decide what the value of things are; why you will spend more on vacation than you will at home for the very same things and more.

Here's my conversation with Jeff Kreisler, co-author with Dan Ariely of "Dollars and Sense: How We Misthink Money and How to Spend Smarter." Jeff explained such terms as opportunity cost, the pain of paying, and anchoring. We also discussed why we don't talk to each other about money, and why our kids don't get a good financial education in school. We also delved into why it's a bad idea to be your own real estate agent, how credit cards make us pay more for things, and what we did before there was money.Listen, then click here to subscribe to these podcasts via iTunes! Jeff's next project is PeopleScience.com.

Jeff Kreisler is a Princeton-educated lawyer turned author, speaker, pundit, comedian, and advocate for behavioral science. He uses humor and research to understand, explain and change the world. Winner of the Bill Hicks Spirit Award for Thought Provoking Comedy, he writes for TV, politicians and CEOs, shares insights and wit on CNN, Fox News, MSNBC, SiriusXM, and tours most of this planet. Jeff is the co-author of the new book, “Dollars and Sense: How We Misthink Money and How to Spend Smarter.” What you’ll learn about in this episode: The story behind the book that Jeff co-authored with Dan Ariely, “Dollars and Sense” How we think improperly about money The shortcuts we commonly use to determine the value of something Why a healthy dose of irrational confidence is required in creative and freelance work The importance of mastering good communication The value of having a point of view or vision How emotions come into play in organizational and personal decision making Why you need to acknowledge fear and the impact it has on you Why you need to be aware of sunk costs How best to connect with Jeff: Website: jeffkreisler.com Website: peoplescience.com Resources: Podcast: Dollars and Nonsense  

“Money is incredible, but some of the things that make it incredible make it difficult to use.” — Dan Ariely Today I’m excited to welcome Dan Ariely to The Psychology Podcast. Dan is a professor of psychology and behavioral economics at Duke University and a founding member of the Center for Advanced Hindsight. Through his research and his (often unorthodox) experiments, he questions the forces that influence human behavior and the irrational ways in which we often all behave. He is author of the bestsellers Predictably Irrational, The Upside of Irrationality, and several others, and his latest book is Dollars and Sense: How We Misthink Money and How to Spend Smarter. In our conversation we cover: Why he decided to dedicate a whole book to money How the “pain of paying” affects how much we spend Why we tend to undervalue saving How fairness impacts our perception of value Why bad spending becomes a habit In this episode you’ll learn how to think about money and spend it in smarter ways. It was great getting to chat with Dan, and interesting to see the overlap between his research in Behavioral Economics and the research coming out of Positive Psychology. Enjoy! Links: Dollars and Sense: How We Misthink Money and How to Spend Smarter https://www.amazon.com/Dollars-Sense-Misthink-Money-Smarter/dp/006265120X [Book] Follow Dan on Twitter https://twitter.com/danariely For more resources and information on Dan and his research http://danariely.com/

Why does spending money sometimes feel almost physically painful? Why are we comfortable overpaying for something again just because we’ve overpaid for it once before? Dan Ariely, professor of Psychology and Behavioral Economics at Duke University, steps forward to answer these intriguing questions about our spending psychology. He shares the stage with his co-author Jeff Kreisler—Princeton educated lawyer turned award-winning comedian—to share their book Dollars and Sense: How We Misthink Money and How to Spend Smarter. The pair provides an enlightening and witty view into our irrational behavior and how it often interferes with our best intentions when it comes to managing our finances. Ariely and Kreisler take us deep inside our own minds to expose the hidden habits and motivations secretly driving our financial choices. Dan Ariely is the author of New York Times bestselling book Predictably Irrational. He is the James B. Duke Professor of Psychology and Behavioral Economics at Duke University and is the founder of the Center for Advanced Hindsight. His work has been featured in the New York Times, Wall Street Journal, Washington Post, Boston Globe, and elsewhere. Ariely’s co-author Jeff Kreisler began as a Princeton educated lawyer before trying his hand as a comedian, author, speaker, TV pundit, speechwriter, and advocate for behavioral economics. Recorded live at Rainier Arts Center by Town Hall Seattle on Sunday, November 12, 2017. 

Before you do any shopping this week — either in-store or online — take 35 minutes to listen to this episode. We're with Dan Ariely, professor of psychology and behavioral economics at Duke University. He discusses his book, Dollars and Sense: How We Misthink Money and How to Spend Smarter, and answers: Why does paying for things often feel like it causes actual pain? When is a sale not really a sale? In Mailbag, investing in your early 20s and how to broach estate planning with your parents.