Why Smart People Make Bad Decisions with Money - Dr. Bradley Klontz
Episode description
Really smart people make really bad decisions with money. Many married couples find the source of their frustrations and arguments with one another to be money. Dr. Klontz joined us today to discuss why and what can be done about it.
Show notes:
0:00-2:36 Introduction
2:36-9:43 Old valentine's day story and dad jokes
9:43-10:00 Modern Husbands Ad
10:00-13:19 Where Dr. Klontz's passion for helping people manage money comes from
13:19-18:36 Why we make bad financial decisions → poor mindset
18:50-22:56 General tips on how to manage money with your partner without arguing
22:57-27:05 Steps to take now to help you manage money with your partner
→ spending plan instead of a saving plan!
27:05-30:55 Money Scripts
30:56-31:38 Conclusion
Dr. Brad Klontz is a CFP®, an expert in financial psychology, financial planning, and applied behavioral finance. He’s an Associate Professor of Practice at Creighton University, Co-Founder of the Financial Psychology Institute, Managing Principal of Your Mental Wealth Advisors, best-selling author, a member of the CNBC Financial Wellness Council, and a Modern Husband Advisory Board member.
Resources from Dr. Klontz
- Money Mammoth: Harness The Power of Financial Psychology to Evolve Your Money Mindset, Avoid Extinction, and Crush Your Financial Goals.
- BradKlontz.com: Where you can find numerous resources on Financial Psychology.
Modern Husbands Resources and Articles
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