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It seems like episode 170 is all about psychology and how people think about things related to money. Well, at least that's what we were shooting for…I think.
Of course we'd all like to think that we're 100% logical when it comes to planning our finances but as you'll learn by listening, that's just not the case. Most times, we tend to be more emotional than logical.
That being said, after listening to today's show I think you'll also understand that most people just don't take the time to think through some basic math. If they did, they would quickly realize the flaw in their thinking.
Example: Maybe getting a 12% return on my portfolio in the next 12 months (while having 80% in cash) is not realistic?
Here's the lineup for the show:
Some Americans are Spending a Ton on Meds
NY State May Need to Adjust Assumptions for Pension Plan
Consumers aren't Spending Like They Should
Retail Investors are Headed for Disappointment
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