Harnessing Your Financial Instincts to Build Your Retirement Nest Egg, Ep #218

Have you considered how your instincts influence your decision-making around retirement planning?

Our natural instincts and biases create frameworks that lead our perspectives on how we think the world works. 

These frameworks influence our decisions surrounding our financial decisions. 

On this episode of Financial Symmetry, we discuss how to build prosperity by analyzinging and identifying your perspective. Listen in to learn 10 instincts identified by the book Factfulness and what you can do to combat the biases they lead to. 

Outline of This Episode

• [0:50] Our article of the week
• [1:58] Your instincts influence your decision making
• [5:41] Why are we worried about the current situation?
• [7:13] Combatting the gap instinct
• [10:36] The negativity instinct
• [16:10] The fear instinct
• [10:18] Size matters
• [23:56] The generalizing instinct
• [26:10] Destiny instinct
• [29:23] Who’s to blame?
• [31:05] The urgency instinct

Resources & People Mentioned

• Show Notes
• The Retirement Podcast Network
• Gapminder
• BOOK - Factfulness by Hans Rosling
• Episode 209 - 5 Reasons to Consider Investing in More Than the S&P 500
• BOOK - Making Numbers Count by Chip Heath
• BOOK - Super Communicators by Charles Duhigg