Avoiding the most common big money mistakes that people make

December 23, 2013
Hosted by Jordan Goodman

[Download MP3] [itunes] [Bookmark Episode]

Guest Information

 

Episode Description

Our guest is Gary Belsky, author of Why Smart People Make Big Money Mistakes. Looking at the way we spend, save, borrow, invest and waste money, Gary Belsky reveals the psychology underlying irrational financial behavior. In this interview, Belsky explains how you can use the findings of behavioral finance to avoid making some of the most common big money mistakes that most people make. Some of the concepts he will discuss include “loss aversion,” the sunk cost fallacy,” the “status quo bias, ” “anchoring” and “information cascades” among others. Join us for this fascinating look at all the ways you can learn from the repeated financial mistakes of others.

The Money Answers Show

The Money Answers Show

Monday at 12 Noon Pacific Time on VoiceAmerica Business Channel

Do you need directions to a solid financial future? If so, The Money Answers Show with Jordan Goodman will provide you with a roadmap to making smart money decisions in every area of your personal finances. Join Jordan every Monday at 12 PM/PST 3 PM/EST for The Money Answers Show, on the VoiceAmerica Business Channel. Learn how and where to get the best deals on mortgages, cars, and insurance; find out the best ways to save for college and retirement, get out of debt, improve your credit rating, and save on your taxes. The Money Answers Show with Jordan Goodman will provide you with great tips on investment opportunities in real estate, stocks, annuities, and other investment vehicles. That’s The Money Answers Show with Jordan Goodman on the VoiceAmerica Business Channel, every Monday at 12 PM/PST.

  • Snag
  • ecard
  • Bookmark and Share
Jordan Goodman

Jordan Goodman

Jordan Goodman has a mission: to help everyone do better with money. Since graduating the Columbia University School of Journalism in 1977, he has spent the past 32 years combing the country to find the very best ways to help consumers make and save money and then sharing these gems with the public. As a staff writer/reporter at MONEY Magazine for 18 years, a weekly commentator on NBC News at Sunrise and Public Radio’s Marketplace Morning Report, and through his 12, soon to be 13 highly respected books, and his website www.moneyanswers.com, he has provided useful, common-sense information to the public. Some of his better-known books include Fast Profits in Hard Times, Everyone’s Money Book, the Dictionary of Finance and Investment Terms and Master Your Money Type. Jordan is a rare combination: someone who possesses not only encyclopedic knowledge about every area of personal finance but also a passion for helping his listeners not only to get educated but to take action to help their dreams become realities.

  • Snag
  • ecard
  • Bookmark and Share