MI116: The Psychology of Money & Behavioral Finance w/ Daniel Crosby

IN THIS EPISODE, YOU’LL LEARN:

2:42 - What behavioral finance is and why it has a big impact on one’s success as an investor.

6:22 - Daniel’s most important money lessons and why investors need to get them right.

11:03 - Whether money can buy happiness or not.

22:24 - Daniel’s framework on whether you should pick individual stocks in your portfolio, or just invest in low-cost index funds.

30:57 - How to get out of the FOMO mindset and stick to one’s investing principles.

And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.

Get more FREE content from Robert.

Get a FREE audiobook from Audible.

Read the 9 Key Steps to Effective Personal Financial Management.

Check out our Investing Starter Packs about business and finance.

Learn about our Investing Starter Packs on real estate.

Daniel Crosby’s podcast Standard Deviations.

Daniel Crosby’s book The Laws of Wealth.

Daniel Crosby’s book Behavioral Investor.

Daniel Crosby’s book You’re Not That Great.

Victor Frankl’s book Man’s Search for Meaning.

All of Robert’s favorite books.

Related Episode: Overcoming Your Worst Financial Enemy -Yourself w/ Daniel Crosby.

SPONSORS Support our free podcast by supporting our sponsors:

Airbnb

Read this episode’s transcript and full show notes on our website. Connect with Daniel: Website | Twitter Connect with Robert: Website | Twitter | Instagram

HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm