Episode 5 – How Do Your Emotions Influence Your Financial Decisions?

Everyone has some kind of emotional tie to money. How do your emotions influence your financial decisions?

In this episode, Mike Guarino conducts a mock interview with his co-host, Aric Johnson, to demonstrate how our past experiences and different mindsets can impact our money decisions. Mike also explains why a financial plan can help people forge ahead with confidence even if they’re still feeling anxious from past money mistakes.

In this episode, you will learn:

  • What behavioral finance is and how it can help an advisor get to know their clients
  • What factors in life influence our outlook on money
  • The difference between an abundance mindset and a scarcity mindset
  • Steps for overcoming emotional hurdles when budgeting and investing
  • Why a financial plan focuses on results rather than performance
  • And more!

Tune in now to get insight into how your emotions impact your money decisions.

Resources:  Guarino Wealth Management | Email 

Untold Stories by Alexander Nakarada | Music promoted by Free Stock Music | Attribution 4.0 International (CC BY 4.0)