Dana Anspach: Be Aware of Financial Biases

Author: The Annuity Man
Published: Tue 10 May 2022
Episode Link: https://theannuityman.libsyn.com/dana-anspach-be-aware-of-financial-biases

In this episode, The Annuity Man and Dana Anspach discuss:

Key Takeaways:

Don’t blame the hammer. It’s easy to blame the tool, but many other variables come into play if it doesn’t work. It could be that the person using the tool lacks experience or all the information they need to make it work.
To overcome your own confirmation bias, try to be more curious. Listen to media, understand their audience, and consider if you’re a part of it. Determine if the message is for you or if their advice fits your lifestyle.
Be wary of the “perfect product” that’s a fit for everyone; there is no such thing. Stop looking for a perfect product, and don’t let anyone sell it to you.
Today’s current issues, like war and the pandemic, are just events that will eventually smooth itself out. Financial planning is all about the long view.

"When you’re not educated, it’s easy to use the wrong tool for the job." — Dana Anspach.

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