The Behavior Gap: Simple Ways to Stop Doing Dumb Things with Money
| Author | : | |
| Rating | : | 4.81 (941 Votes) |
| Asin | : | 1591844649 |
| Format Type | : | paperback |
| Number of Pages | : | 192 Pages |
| Publish Date | : | 2017-03-06 |
| Language | : | English |
DESCRIPTION:
KHoss said Recommended Read for Anyone in Financial Services. Great read regarding the psychological profiles of people and investments. I recommend to anyone in the financial services business who is on the front lines meeting with clients. However, like a lot of financial services related books, take the information with a grain of salt as a lot of the writer's opinion are visible throughout the book.. "Easy Read" according to Chris H. There is a lot of good advice throughout this book, however some of the graphics got old. A few were so overly simplistic that they didn't even make sense.. "Simple is Better" according to Muriel S. Allen. I first learned about the author with his articles in the NYT. His approach is reminding us that someone telling us what we already know is beneficial and actionable (as opposed to common sense just floating around between our ears).
He contributes to the Bucks blog at The New York Times and is a columnist for Morningstar Advisor. Carl Richards is the director of investor education at BAM Advisor Services, a community ofindependent advisors. You can find more of his work at BehaviorGap. He lives in Park City, Utah, with his family.. Richards appears regularly on National Public Radio's Marketplace Money, and is a frequen
Read this before you make your next financial decision." — Zac Bissonnette, author of Debt-Free U"If a picture is worth a thousand words, Carl's sketches could change a life! He captures the essence of life and money." — Marty Kurtz, president of the Financial Planning Association. He doesn't pick stocks, and he doesn't shout. Richards shows us that, when it comes to our financial security, slow and steady wins the race." — Dan Heath, coauthor of Made to Stick and Switch"Ah, clarity! Carl Richards can see the mistakes that humans-being human- make again and again with money. Carl prods us to master money, rather than letting it master us." — Laura Vanderkam, author of All the Money in the World"A brilli
As Richards writes: "We've all made mistakes, but now it's time to give yourself permission to review those mistakes, identify your personal behavior gaps, and make a plan to avoid them in the future. His book will teach you how to rethink all kinds of situations where your perfectly natural instincts (for safety or success) can cost you money and peace of mind.He'll help you to: • Avoid the tendency to buy high and sell low; • Avoid the pitfalls of generic financial advice; • Invest all of your assets-time and energy as well as savings-more wisely; • Quit spending money and time on things that don't matter; • Identify your real financial goals; • Start meaningful conversations about money; • Simplify your financial life; • Stop losing money! It's never too late to make a fresh financial start. "It's not that we're dumb. It feels right to sell when everyone around us is scared and buy when everyone feels great. The goal isn't to make the 'perfect' decision about money every time, but to do the best we can and move forward. They were letting emotion get in the way of smart financial decisions. He named this phenomenon-the distance between what we should do and what we actually