Are You Really Making Rational Financial Decisions?
Manage episode 497520433 series 3641474
Discover how Axio's tailored collaboration can elevate your financial future š https://www.axiowm.com/what-we-do
We like to think weāre rational with money, but are we really? In this episode, Rob explores how even successful families can fall into emotional traps when making financial decisions. Itās common to cling to a once-great investment, overreact to scary headlines, or become overconfident after a big win. But without recognizing these emotional traps, even the most successful families can drift away from their true financial goals.
Hereās what we discuss in this episode:
š§ How your brainās shortcuts can quietly sabotage smart financial choices
š The hidden emotional costs of holding on too long, or jumping too fast
š¬ Why success doesnāt make you immune to irrational decisions
š Lessons from real people who faced tough choices and came out stronger
š The value of a clear, outside perspective, especially when emotions run high
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28 episodes