Ep 99 - The Psychology of Money & The One Big Beautiful Bill
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Ep 99 - The Psychology of Money & The One Big Beautiful Bill
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About this listen
In this episode of Retirement Redefined, Brad Gotto explores Chapter 17 of 'The Psychology of Money' by Morgan Housel, focusing on the theme of pessimism and its seductive nature in financial decision-making. He discusses how fear and negative headlines often dominate conversations, leading to a pessimistic outlook that can hinder financial planning and personal growth. Brad emphasizes the importance of balancing optimism and pessimism in financial strategies, advocating for a mindset that recognizes long-term growth while being aware of short-term risks. He concludes with practical advice on incorporating optimism into financial planning, highlighting the role of behavioral finance in understanding investor behavior
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