August 24

Episode 160: Anchoring, Rationalization…Now You are Broke

Inspired Stewardship Podcast, Invest In Yourself, Stewardship of Treasures

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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.

Join in on the Chat below.


In today's episode, I talk with you about:

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    How the anchoring effect works to make you make poor purchasing decisions...
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    How you rationalize purchases after the fact...
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    How these biases can make you broke...
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    and more.....

Most people don't know what they want unless they see it in context. - Dan Ariely Predictably Irrational

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Some of the Resources recommended in this episode:

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About the author 

Scott

Helping people to be better Stewards of God's gifts. Because Stewardship is about more than money.

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