Ep 183: Financial goals and the HACKS that can help you to achieve them.

The Weekly Wealth Podcast

In this episode of the Weekly Wealth Podcast, Certified Financial Planner(tm) David Chudyk discusses the psychology behind financial decision-making, focusing on whether individuals are more motivated by the fear of losing or the desire to win.

David explores how these motivations can impact financial behavior, while emphasizing the importance of understanding your own mindset when setting and achieving financial goals.

He also highlights the role of positive reinforcement, like the dopamine release from winning, in encouraging good financial habits and building confidence. David encourages listeners to reflect on their own motivations and consider how they influence their financial decisions.

David also delves into common financial goals for individuals and business owners, such as paying off debt, saving for major purchases, and planning for business exits.

He emphasizes the importance of breaking goals into smaller steps, seeking accountability, and visualizing success to stay motivated. By understanding the psychological drivers behind financial decisions, listeners can better align their actions with their goals and ultimately achieve greater financial success.

Here are some questions to consider:

How does mindset influence financial decisions?

What impact does dopamine from winning have on financial behavior?

What strategies help maintain motivation for YOUR financial goals?

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