How to Invest, the Right Way | DR. DANIEL CROSBY

Mar 19, 2019

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If building wealth was simply about math, we'd all be independently wealthy because we all know how to add and subtract. Seeing as how we're not all independently wealthy, there must be something else at play. And, it might surprise you to know that it's you that has the potential to become your own worst enemy.

Today, I'm joined by repeat guest, Dr. Daniel Crosby to talk about human psychology and why it hinders your ability to build the level of wealth you're after. We cover how your behavior dictates investing success, how our physiology and psychology work against us, how a "contrarian mindset" will help us succeed, and how to invest - the right way.

SHOW HIGHLIGHTS

How behavior dictates investing success
3 traits all investment strategies must posses
How a contrarian mindset could improve your investment portfolio
How to balance logic and emotion in investing
How financial markets help you keep score in your life
Why overestimating our abilities hinders performance
How good behavior can be expensive but necessary
The power of a financial coach
How "hedonic adaptation" keeps us from being happy with more money
How "action bias" hurts our portfolios
How our social nature has created incredible amounts of wealth
How our physiology and psychology can work against us
How noise and chaos is our enemy and how to tune it out
The need to overcome arrogance and ego in investing
Why "rule-based behavioral investing" is so powerful

DR. DANIEL CROSBY

Today I am joined by repeat guest, Dr. Daniel Crosby.

He is a trained psychologist, behavioral finance expert, and asset manager. Specifically, he studies market psychology to understand the nature of why we do what we do and how it impacts our ability to invest successfully in financial markets.

He is a New York Times Bestselling Author and his ideas have made him a critical voice and expert in the financial community.

As a former financial advisor myself, I've been connected with Dr. Crosby for years and have applied many of his ideas and teachings into my previous financial practice.

He brings a unique and refreshing perspective to building wealth and one that has the potential to help you finally invest successfully.

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