Episode 179 - How Anchoring Bias Affects your Finances
Welcome to episode #179 of the Debt Free Dad Podcast. We're diving into the fascinating world of human cognition and exploring a concept that profoundly influences our decision-making processes: anchoring bias. Have you ever wondered why our judgments and choices can sometimes seem irrational or skewed? Or why it might be so hard to break free from what you always do? Anchoring bias provides us with a compelling explanation. It's a cognitive bias that affects our perception of information and influences the judgments we make based on that information... and today we are going to share how anchoring bias is affecting your finances, and how it could be keeping you stuck.
What You'll Learn
- Learn how this cognitive bias is possibly keeping you stuck in your current financial mindset.
- Learn how anchoring affects our purchasing decisions and is likely costing you a bunch of money you never realized.
- Discover how anchoring has shaped your current mindset, and why it's so hard to break away from your habits, choices, and money beliefs.
Resources Mentioned
- Brad's Totally Awesome Debt Freedom Planner
- For more help, and a step-by-step process to get started, enroll in Brad's FREE online course, LIFE WITHOUT PAYMENTS.
Free Tools and Downloads at www.therealdebtfreedad.com
Connect With Brad
- Website - https://www.therealdebtfreedad.com
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- TikTok - https://www.tiktok.com/@debt_free_dad
- YouTube - https://www.youtube.com/channel/UCtbAadBrWLL81CZbA6sI5pg
Thanks For Listening
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