195. Improve Your Money Behavior Part 1: Understanding Procrastination and our Spending Habits
On the next two episodes of CFO at Home, Vince’s guest is Jonathan Blau, Founder and Chief Executive Officer of Fusion Family Wealth, a Long Island-based, fee-only, registered investment advisory firm. Jonathan is also an industry thought leader in...
On the next two episodes of CFO at Home, Vince’s guest is Jonathan Blau, Founder and Chief Executive Officer of Fusion Family Wealth, a Long Island-based, fee-only, registered investment advisory firm. Jonathan is also an industry thought leader in behavioral finance – helping investors learn to make rational money decisions and identify biases that drive poor money decisions and then helping to modify their “money behavior".
In part 1 of their conversation, Vince and Jonathan dive into the psychology behind procrastination, particularly how it affects our ability to plan and make crucial financial choices. They also discuss what makes some of us overspenders, while others are frugal, and how the pain associated with making financial choices leads many to avoid planning altogether, often opting for immediate gratification instead. To learn more about Jonathan, go to fusionfamilywealth.com, or check out his podcast, Crazy Wealthy Podcast.
Key Topics:
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Understanding procrastination in financial planning
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The pain of making financial choices and its impact on behavior
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The physiological effects of spending and the pursuit of happiness
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How hyperbolic discounting affects long-term financial decisions
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The balance between overspending and being overly frugal
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The influence of upbringing on spending habits and financial fears
Key Links
Contact the Host - vince@thecfoathome.com
Want to be a guest on CFO at Home? Send Vince a message on PodMatch, here: https://www.podmatch.com/hostdetailpreview/1628643039567x840793309030672500
