Carl Richards – The Behavior Gap: Simple Ways to Stop Doing Dumb Things with Money

Carl Richards – The Behavior Gap: Simple Ways to Stop Doing Dumb Things with Money

Carl Richards – The Behavior Gap: Simple Ways to Stop Doing Dumb Things with Money

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Carl Richards – The Behavior Gap: Simple Ways to Stop Doing Dumb Things with Money Carl Richards – The Behavior Gap: Simple Ways to Stop Doing Dumb Things with Money

It is not that we are dumb. We are wired to avoid pain and pursue pleasure. It makes sense to sell when everyone is scared and buy when everyone is happy. It may feel right, but it isn’t rational. From the behavior gap. Why do we lose money? The real trouble lies in the decisions we make.

Carl Richards became frustrated when he watched people make the same mistakes over and over. Emotions got in the way of smart financial decisions. The behavior gap is the distance between what we should do and what we actually do. He found that once people understood the gap, they started doing better.

His way with words and images has attracted a loyal following. The New York Times. His columns and lectures can be heard on National Public Radio. His book will show you how to rethink situations where your instincts can cost you money and peace of mind.

He will help you.

The tendency to buy high and sell low should be avoided. There are pitfalls of generic financial advice. Invest all of your assets-time and energy as well as savings more wisely. Spend money and time on things that don’t matter. Understand your financial goals. Start talking about money. You should simplify your financial life. It’s time to stop losing money.

It is never too late to start over. Richards writes that it’s time to give yourself permission to review those mistakes, identify your personal behavior gaps, and make a plan to avoid them in the future. The goal is not to make the perfect decision about money every time, but to do the best we can. That is enough most of the time.

REVIEW

Carl has a Sharpie. Barry Ritholtz is a writer.

The anti-Jim Cramer isCarl Richards. He doesn’t shout or pick stocks. In wise, calm style, The Behavior Gap teaches us how to rein in the emotional saboteur within us, the voice that leads us to double-down when the market is peaking and to make a panicky exit when stocks are a bargain. Richards shows us how slow and steady our financial security is. The author is Dan Heath. It was made to stick. And. You can switch.

Ah, clarity! Humans make mistakes with money, and Carl Richards can see it. He sets them on the right course with humor. Jean Chatzky is an author. Pay it down.

That’s right. There is a behavior gap. Throwing light on an important question, how can we think more clearly about money and its role in a happy life? Carl Richards shows us how to invest, save, and spend to be happy. Rubin is an author. The project is about happiness.

Common sense is not common. Advice for people who have done dumb things with their money. The author is Seth Godin. We are all weird.

Carl Richards had simple sketches. There is a behavior gap. It will make you laugh, change your relationship with money, and leave you wealthier for it. This one will be a classic. The author is William Bernstein. A great exchange. And. The investor is a person.

Most of us are idiots when it comes to money, becauseCarl has a knack for showinggently and with charts. Carl wants us to master money. Laura is the author of All the Money in the World.

A great guide to how we trick ourselves into staying poor. Before you make a financial decision, read this. Bissonnette is the author of Debt-Free U.

Carl’s sketches could change a life if they were worth a thousand words. The essence of life and money is captured by him. The Financial Planning Association has a president.

About the author.

Carl Richards is the director of investor education at BAM Advisor Services, a community of
independent advisors. He contributes to the Bucks blog at The New York Times and is a columnist for Morningstar Advisor . Richards appears regularly on National Public Radio’s Marketplace Money , and is a frequent keynote speaker at financial planning conferences and visual learning events. You can find more of his work at BehaviorGap.com. He lives in Park City, Utah, with his family.

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