Humans are not rational creatures.  

Especially when it comes to our finances (I bet we’ve all got a story or two about that impulse buy 😉).  

So how can we identify and navigate our natural human biases and emotions around investing and risk?! 

Folks, in Episode 433 we’re exploring all of this and more as we dive into the fascinating topic of behavioural finances with the help of returning podcast guest and ultimate money mindset guru, Evan Lucas! 

Author of the best-selling book Mind Over Money: Why understanding your money behaviour will improve your financial freedom, he is also an experienced market strategist and super passionate investor! 

From exploring the most common human biases in the finance world to how you can conquer and embrace risk and scary emotions when investing, we’ll also be unpacking:

💰 How to avoid the biggest derailer of investing success 

💰 The evolution of instant gratification across human history   

💰 Your ultimate solution for making investing decisions  

💰 Understanding Hyperbolic Discounting, loving the Scary Ugly & more!  

💰 Why Spendvesting might just be the smartest solution for investors!  

💰 Rational economics: It just doesn’t work! 

💰 And of course, while we have Evan’s bright mind on the couch, we’re deep diving into everything going on in the market today from Super to rising rates.  

Yep, it’s another MASSIVE episode – give it a listen now!   

 

P.S. Thank you to all those folks who left us a 5-star review on our Moorr platform and in our apps! If you’ve given us a written review, email us now to claim your free Start & Build course!  

 

Free Stuff Mentioned… 

• 6,000 reports generated?! Our 8th Birthday surprise to you (We gave away our Suburb Report for FREE (Usually costs $39)) was SO popular we’ve decided to extend it by 1 more week!
  How To Claim Yours: Click here and enter the Coupon Code: TPCBIRTHDAY. Limit 5 per person. To ensure you are not charged, please purchase a single Suburb Report x 5 times. If you add 5 Suburb Reports into one cart purchase, you will only receive a $39.00 discount. Hence purchase one report at a time please 🙂 This offer expires on 16th March 2023.
• Worried about rising rates? Stress-test your finances with Moorr. Create or log in to your free account on our online platform or download the app on Apple or Google Play today! 
• Check out Ben’s newest Moorr tutorial video here >> 
• For those who left us a 5-star written review in our Moorr app – Thank you! Email us to claim a FREE Start & Build course today 😊
• (NOT FREE) Check out Evan’s awesome new book, “Mind Over Money: Why understanding your money behaviour will improve your financial freedom” here >> 
• Watch Ben’s latest RBA update here >>  
• Read RBA Gov. Phillip Lowes’ speech here >>  
• Read the article from Ben’s “What’s Making Property News?” here:  
  • ‘As strong as it’s ever been’: Toorak mansion sells for $30 million 
  • This CEO picked the top of the property market, now he’s spending up 

• Episodes mentioned:  
  • Episode 389 | Interest Rate Rise: What this means for YOU! – Chat with Evan Lucas 

 

 

Want to work with Bryce & Ben’s Award-Winning Team? 

• a roadmap to $2k per week passive income? >> Start a conversation with our Qualified Property Investment Advisors…  
• buying an investment-grade property in an investment-grade suburb? >> Start a conversation with our independent and experienced Buyers Agents… 
• set up or review of your borrowing strategy? >> Start a conversation with our Investment Savvy Mortgage Brokers… 
• your defence implementation? >> Start a conversation with our Financial Planners… 
• maximising your tax refund? >> Start a conversation with our Investment Savvy Tax Accountants… 

 

Here’s some of the gold we cover… 

• 0:00 – All the awesome stuff we’re covering today!  
• 1:29 – Hawkish to…Hopeful?! Yep, it’s another rate rise (Check out Ben’s latest RBA update!) 
• 3:48 – Leave us a written 5-Start Review in our Moorr platform and claim a free Start & Build course! ⭐⭐⭐⭐⭐ 
• 4:37 – EXTENDED: Free Suburb Reports!  
• 7:53 – Mindset Minute: To crave the result but not the process, is to guarantee… 
• 9:27 – Welcome back Evan!  
• 11:27 – The Mindset Shift: Why seeing yourself as an investor is important!!  
• 15:16 – Clashing cultures & money conversations  
• 18:46 – The evolution of instant gratification  
• 20:49 – THIS is the biggest decision we make as investors today… 
• 21:39 – Hyperbolic Discounting: The opposite of what you’re probably expecting!  
• 25:06 – Investing is all about conquering your E_o_io_ _ (+ most common human biases!)  
• 27:51 – Why rational economics just doesn’t work! 😲 
• 30:32 – The FIRE community: Weighing up rational vs. reasonable 
• 32:39 – Use THIS solution for making investing decisions  
• 36:21 – The most notorious human bias in the finance world!  
• 39:27 – Loving the Scary Ugly 
• 45:24 – The power of loss aversion + embracing investing risks
• 49:15 – For those worried about their finances: Stress-test your finances with Moorr! 
• 50:28 – This is how Ben developed his “muscle memory”!  
• 52:11 – Spendvesting: How to use it to your advantage 
• 57:59 – You Are You, I Am Me.  
• 59:28 – Seriously folks, check out Evan’s book for some timeless investing wisdom! 
• 1:02:09 – Are we close to an interest rate pause + crystal ball predictions!!  
• 1:07:06 – Are the changes to Super smart? (WARNING: This part gets pretty heated 😉) 

And…  

• 1:18:11 – What an amazing communicator – Thank you for coming back Evan!!  
• 1:19:44 – Lifehack: Did you know that if you @ your URL tab you can find THIS?! (Ben did 😉)  
• 1:20:40 – Toorak mansion sells for $30 million and Stockland to build 15 masterplan communities?!  

 

Get Moorr out of your money:
Log in or create your free account via the Moorr web platform, or download the app on Apple and Android and transform the way you view and track your wealth.