Mindfulness Stimulus Response

Mindful Spending vs Painful Penny Counting

Most personal financial advice is centered on finding “tips & tricks” to make spending painful…that didn’t sound like a good idea to my wife. Listen to find out what she suggested instead. Listen time: 4:15

Needs & Wants | Now & Later

Question Your Needs, Explore Your Wants

Often we act as if there is some pre-approved list of “needs” and then we hammer on ourselves or clients about “wants”. What if we flip that and learn to question our needs and explore our wants? Would that lead to greater happiness around money? Time: 3:44

Algorithm vs Real Life

A Few Thoughts on Robo-Advisors

So called robo-advisors are not something to fear, but instead something that is giving us the opportunity to optimize for what is uniquely human: empathy and trust. Listening time: 5:58

Confirmation Bias

Carl Has a Problem (You May Share It)

Confirmation bias is super hard do deal with…and as financial advisor it is critical that we are at least aware of our own tendency to fall prey to it. Listening time: 12:03

Value of the Advice, Questions Asked

Show Your Value

Summary: Instead of learning how to justify the fee you charge a client, get so good at your craft that your value isn’t a question. Listen time: 4:04

Real Financial Life

What It Means To Be a Real Financial Advisor

This is Carl and you are listening to The Podcast for Real Financial Advisors all over the world and I want to talk about that statement, real financial advisors, there. I get asked about this like, “What does that mean? What does real financial advisor mean?” There are some really important things that it means and then there’s a bunch of supporting stuff that I feel really strongly about, but isn’t critical. I want to separate the two for a minute.

Time as a Valuable Resource

The Valuable Currency of Time

How do you “spend” your time? Because make no mistake, time is a currency. There is a cost to how you spend it. The cost might be a trade-off, like choosing one activity over another, but don’t fool yourself into thinking that this is a free exchange.

Listen vs Talk

Try Listening Instead of Selling

I am recording this in India as part of my tour of India, meeting financial advisors. I’ve met with hundreds of them in India. It’s been amazing. I’m here to tell you that real financial advisors do indeed exist all over the world. I have met them in India, and they’re amazing.

Happiness Tied to Income

Money Does Not Equal Happiness

One of the things that I have been thinking a lot about today and talked with a good friend here in India on walk today, we walked through a section of Mumbai, and while we were walking, we were talking about the role of money and happiness. This hopefully will just serve as a reminder to all of you, but money does not equal happiness, right. It certainly can help, but it also doesn’t equal happiness.

Confirmation Bias

Conversations That Change You

I’m on day, I think three or four in India and it has been amazing and I wish I knew exactly how to frame my thoughts around it. Other than just to say, if you’ve got a chance to come to India, take it, come. You need to come and see this place. The warmth of the people, the energy, the contradictions that you’re sort of faced with each day, amazing, amazing. One of the things that I had a really interesting conversation last night, my event that I was speaking up wrapped up at about … I was done talking at about, I think it was maybe 9:15 or 9:30 at night and then there was dinner afterwards. I was like, “It’s 9:30 wait, we’re having dinner?” Everybody there, there’s somewhere around 100-150 people there and everybody had dinner. I was like, “Wow isn’t it a little late for dinner?” They said, “No, no, no, this is what time we eat.”