Doug reunites with Carl at CampFI to chat about cognitive biases in the FIRE community – psychological shortcuts and blind spots that influence financial decisions, spending habits, and mindsets. The pair are joined by Kristen Knapp (FI Friends Travel) & Amberly Grant (FinTalks) to explore how our brains can get in the way of building a fulfilling life.
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0:00 Introduction
4:24 Recency bias
11:01 Navigating market downturns
15:11 Arrival fallacy
23:17 Happiness, community, & fulfillment
30:09 Anchoring
37:47 Ultra frugality & finding deals
45:27 Confirmation bias
52:38 Beyond the FI echo chamber
1:04:46 Soundcheck – FIRE pickup lines
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