Description:

In this episode, Tim is joined by an extraordinary guest, Graeme Newell. Graeme is a professional speaker and behavioral finance researcher. He uses brain science insights to empower leaders to make better business decisions.

Today, he will help us have a deeper understanding of how our subconscious mind greatly influences our decisions and shares with us what we can do when we need to make a wise and rational decision instead of using our instinctual brain, especially in making financial decisions.

All of us definitely need to listen to this episode, so tune in now and gain knowledge that will lead you to make wise financial decisions!

Quotes:

“Our financial decisions are very much driven by those instinctual rationales that we had back in caveman times.” – Graeme Newell 

“It’s so critically important for us whether we’re making money decisions, or any kind of decisions in our life, that we carefully hone what we let into our subconscious brain.” – Graeme Newell 

“You don’t fail until you stop, and if you just don’t stop, you’ll never fail.” – Graeme Newell

“It’s not the market that kills people. It’s not the up and downs. What it is, is us.” – Graeme Newell

“The only thing that you can do to consistently win is play the long game.” – Graeme Newell

Mentions:

https://www.facebook.com/TimShurr

https://mesmerizingleadership.com/ 

https://www.survivingtothriving.me/

https://www.youtube.com/user/602Communications 

https://graemenewell.com/ 

Show Notes:

[00:51] Greetings and introduction of Graeme Newell

[02:17] What got Graeme into the area of behavioral finance

[05:52] Good ways of using behavioral science 

[07:12] How does the decision-making process work

[12:06] What causes people to make poor financial decisions   

[16:41] Our decision-making process when we’re stressed 

[18:55] Trends on what causes people to buy

[24:01] A man riding an elephant

[26:04] Survivorship bias

[32:31] Ways to make smarter financial decisions

[36:13] Understanding that we aren’t the elephant and what you can do

Make Your Day Mesmerizing!!