Join us today for an episode about the effects of anchoring, rationalizations, and biases on your wallet...
Today's episode is focused on how your biases can make you broke.
In this episode, I talk with you about the anchoring effect and how it is used to make you make purchasing decisions in a way that isn't always the best. I also talk with you about how you can rationalize poor purchasing decisions after the fact. Combined these effects can make you broke. So by becoming aware of them you can begin to recognize them and avoid them in your money making decisions.
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In today's episode, I talk with you about:
Most people don't know what they want unless they see it in context. - Dan Ariely Predictably Irrational
Some of the Resources recommended in this episode:
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