Why Do People Do Dumb Things? Part 2 | MHFI 156

April 11, 2023 01:09:57
Why Do People Do Dumb Things? Part 2 | MHFI 156
Mile High FI Podcast
Why Do People Do Dumb Things? Part 2 | MHFI 156

Apr 11 2023 | 01:09:57

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Show Notes

Doug and Dusti are back for Part 2 on cognitive biases and how they shape our financial decisions. Do you love Mile High FI? Support us over at Buy Me A Coffee. Do you really love Mile High FI? Buy Us Two Coffees! and we’ll quit! You win either way! Links --

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**Disclaimer: The podcast is for informational purposes. Maybe entertainment but we won't even make such a claim. You shouldn't take the info as financial, legal, or tax advice. We aren't certified financial planners or advisors. We're not qualified for much. So get advice from professionals.**

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1500 Days, Carl's Blog about Early Retirement

Email us here: [email protected] or [email protected] 0:00 Intro 2:50 Having a scarcity mindset 8:14 The ''what the hell'' effect 13: 35 Social proof and the desire to be like other people 19:08 The cost of friction and decision paralysis 25:34 Default bias 37:20 Why we hold on to bad investments 45: 18 Getting more motivated at the finish line 55:12 Our favorite desserts

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