How Your Emotions Influence Your Financial Decisions

Everyone has some kind of emotional tie to money. How do your emotions influence your financial decisions?

In this episode, Mike Guarino conducts a mock interview with his co-host, Aric Johnson, to demonstrate how our past experiences and different mindsets can impact our money decisions. Mike also explains why a financial plan can help people forge ahead with confidence even if they’re still feeling anxious from past money mistakes.

In this episode, you will learn:

  • What behavioral finance is and how it can help an advisor get to know their clients
  • What factors in life influence our outlook on money
  • The difference between an abundance mindset and a scarcity mindset
  • Steps for overcoming emotional hurdles when budgeting and investing
  • Why a financial plan focuses on results rather than performance
  • And more!

Tune in now to get insight into how your emotions impact your money decisions.

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