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The Psychology of Loss: Understanding Loss Aversion and Making Better Financial Decisions
Imagine checking your investment portfolio and seeing two stocks: one has gained $100, while the other has lost the same amount. Despite the net change being zero, chances are you're feeling significantly more distressed about the loss than pleased about the gain. This common experience illustrates one of
Understanding the New FAFSA: Your Guide to the Student Aid Index and 2024 Changes
Podcast Episode 15
YouTube Spotify The intersection of psychology and finance reveals fascinating insights into how we make financial decisions. In this episode of Safe Simple Sound, we explore the complex world of behavioral finance and uncover practical strategies for making better financial choices. The Two Systems of Financial Decision-Making 💠At the heart
Introduction to Behavioral Finance: Why Smart People Make Irrational Money Decisions
Have you ever wondered why successful, intelligent people sometimes make questionable financial decisions? Perhaps you've caught yourself making an emotional investment choice that you later regretted. The truth is, our brains aren't wired to always make rational financial decisions, and understanding why could transform how you