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30: Exploring the Mindsets and Motivations Driving Money Decisions with Rachel Cruze

30: Exploring the Mindsets and Motivations Driving Money Decisions with Rachel Cruze

FromThe Human Side of Money


30: Exploring the Mindsets and Motivations Driving Money Decisions with Rachel Cruze

FromThe Human Side of Money

ratings:
Length:
51 minutes
Released:
Aug 4, 2021
Format:
Podcast episode

Description

Financial success relies just as much on knowing yourself as it does knowing what to do with money. After spending the majority of her career teaching people what to do with their money, Rachel Cruze realized that knowing what to do wasn't enough. That the gap between knowing and doing is forged by how we think, feel, and behave with money (our mindset and motivations). And it's these mindsets and motivations that drive most of our financial decision-making. The key to behavior change and financial success is helping clients understand why they handle money the way they do and what to do about it. In this episode, Rachel discusses: The percentage of personal finance that is behavioral vs tactical The Four Money Classrooms that reveal how your childhood impacts your decision-making today Why dreaming is the key to boosting savings The "Why Statement" that she says everybody should use to start their money conversations Three insights on how to create lasting behavioral change   *For resources and similar episodes, visit: www.wiredplanning.com/episode30 *For more insights and resources on mastering the human side of money, check out www.wiredplanning.com
Released:
Aug 4, 2021
Format:
Podcast episode

Titles in the series (100)

The Human Side of Money delivers actionable ideas and strategies to equip financial advisors with the skill set they need to master the human side of money. Whether you've been providing financial advice for 40 days or 40 years, it's evident that technology is shifting your value away from simply picking investments and providing financial plans. The future of advice will hinge on your ability to guide clients through the process, unearth their values and emotions around money, and ultimately, change their behavior for the better. Join your host, Brendan Frazier, as he interviews fellow financial advisors, industry consultants, and experts in the fields of behavioral finance, psychology and communication as they share everything you need to know to master the human side of money!