Spotting hidden incentives

Who are your financial role models? Who we choose to emulate matters, and it’s important to avoid falling into a prestige trap. We are biologically hardwired to want to copy high-status individuals, even when these people often make poor choices and don’t emulate how we want to be in the world. We’re discussing our financial role models and why we want to be more like them. We also share some cautions to keep in mind when choosing your own financial role models. 

Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/157-audit-your-influences-why-your-financial-role-models-matter/