On this episode, Vince’s guest is Jonathan Blau, Founder and Chief Executive Officer of Fusion Family Wealth, a Long Island-based, fee-only, registered investment advisory firm. Jonathan is also an industry thought leader in behavioral finance – helping investors learn to make rational money decisions and identify biases that drive poor money decisions and then helping to modify their “money behavior".
Vince and Jonathan dive into the psychology behind procrastination, what makes some of us overspenders, while others are frugal, how the pain associated with making financial choices leads many to avoid planning altogether, the misconceptions surrounding risk and volatility, how our fears can lead us to make poor financial decisions, the importance of understanding purchasing power and the long-term nature of investing. To learn more about Jonathan, go to fusionfamilywealth.com, or check out his podcast, Crazy Wealthy Podcast.
Key Topics:
Understanding procrastination in financial planning
The pain of making financial choices and its impact on behavior
The physiological effects of spending and the pursuit of happiness
How hyperbolic discounting affects long-term financial decisions
The balance between overspending and being overly frugal
The influence of upbringing on spending habits and financial fears
Key Links
https://www.fusionfamilywealth.com/
https://crazywealthypodcast.fusionfamilywealth.com/episodes
Contact the Host - vince@thecfoathome.com
