Why We're Irrational with Money - with Kristen Berman
Afford Anything
English - October 04, 2019 12:30 - 1 hour - ★★★★★ - 3.3K ratingsInvesting Business Entrepreneurship affordanything budgets earlyretirement financialindependence growwealth investing madfientist networth paulapant realestate Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
#218: Kristen Berman is co-founder of Irrational Labs, a behavioral product design company, along with Dan Ariely.
She has a fascinating job that involves looking into why people behave the way they do with their money, and discovering the easiest solution to help them create more positive financial behavior.
In short, she’s a proponent of redesigning the current financial system to make saving automatic and easy, and that’s part of what we discuss in this episode.
If creating better financial habits has been a challenge for you, or if you have trouble framing spending as a positive thing, rather than a loss, then Kristen has awesome advice for you.
Here are some key takeaways from the interview:
1. Habits are overrated - one-time decisions are more effective. 2. Simplify decision-making by giving yourself a rule-of-thumb to follow. 3. Pre-commit to your financial goals. 4. Measure process versus outcome. 5. Use accountability partners to reach your goals. 6. The Three Bs - Behavior, Barriers, and Benefits.
For more information, visit the show notes at https://affordanything.com/episode218
Learn more about your ad choices. Visit podcastchoices.com/adchoices
#218: Kristen Berman is co-founder of Irrational Labs, a behavioral product design company, along with Dan Ariely.
She has a fascinating job that involves looking into why people behave the way they do with their money, and discovering the easiest solution to help them create more positive financial behavior.
In short, she’s a proponent of redesigning the current financial system to make saving automatic and easy, and that’s part of what we discuss in this episode.
If creating better financial habits has been a challenge for you, or if you have trouble framing spending as a positive thing, rather than a loss, then Kristen has awesome advice for you.
Here are some key takeaways from the interview:
1. Habits are overrated - one-time decisions are more effective.
2. Simplify decision-making by giving yourself a rule-of-thumb to follow.
3. Pre-commit to your financial goals.
4. Measure process versus outcome.
5. Use accountability partners to reach your goals.
6. The Three Bs - Behavior, Barriers, and Benefits.
For more information, visit the show notes at https://affordanything.com/episode218
Learn more about your ad choices. Visit podcastchoices.com/adchoices