Episodios

  • Watch Collecting as Legacy Treasures: Timepieces for Retirement Generations

    Watch Collecting as Legacy Treasures: Timepieces for Retirement Generations
    May 1 2025
    Why This Episode Is a Must-Listen What does your watch mean to you? For many, a timepiece is much more than a tool—it’s a bridge between generations, a celebration of achievement, and a lasting legacy. In this episode of Inspired Money, we go beyond the basics of watch collecting to explore why watches become treasured family heirlooms, how to build collections that stand the test of time, and what every collector (from beginner to seasoned expert) should know in today’s evolving market. If you’re passionate about craftsmanship, storytelling, or the idea of passing something meaningful onto future generations, this episode is for you. Meet the Expert Panelists Paul Boutros is Deputy Chairman and Head of Watches, Americas at Phillips, where he helped build the auction house’s powerhouse watch department after joining in 2014. A lifelong watch enthusiast with a background in electrical engineering, he led the record-breaking sale of Paul Newman’s Rolex Daytona for $17.8 million, solidifying his reputation as one of the foremost experts in vintage timepieces. https://www.phillips.com Stephen Pulvirent is a writer, photographer, and creative director whose career has spanned leading roles at Hodinkee, Bloomberg, and Surface Media. Now based in Los Angeles, he is the founder of Rime & Reason, a creative agency helping global brands tell smarter, culture-driven stories, while also pursuing his passion for fine art photography. Stephen is also the cofounder of The Enthusiasts, a podcast and newsletter about the culture of watch collecting. https://stephenpulvirent.com Tariq Malik is the founder of Momentum, the Middle East’s premier destination for vintage and collectible watches located in heart of Dubai’s financial district. Driven by his deep passion for rare Day Date models, both as curator and collector he has developed a focused expertise that has made him a leading authority in this field. A lifelong enthusiast who began dealing Swatch watches at 16, Tariq has grown into a respected global voice in the vintage watch community while playing a pivotal role in establishing Dubai as a significant hub for vintage timepieces. https://momentum-dubai.com Dan Spitz is a third-generation Master Watchmaker and former lead guitarist of the award-winning thrash metal band Anthrax. With Swiss and American degrees in watchmaking and micro-mechanical engineering, Dan's illustrious career includes roles as the Head Master Watchmaker of Complications Specialist for Chopard, instructor, and juror for the prestigious GPHG awards. https://danspitz.com https://www.delraybeachwatchmaker.com Key Highlights: 1. Storytelling & Legacy in Watch Collecting Stephen Pulvirent explores why watches are more than just mechanical objects—“it’s the stories that watches carry, the stories we tell ourselves about the watches we own and the roles they play in our lives that elevates them beyond ordinary, everyday things and makes them special objects.” Collectors aren’t just building assets but capturing lifetimes of meaning that can be passed on for generations. 2. The Restoration Craft: Preserving Memories Dan Spitz demystifies the watchmaker's role in bringing legacy timepieces back to life. He shares moving stories of clients reconnecting emotionally with watches once thought beyond repair: “Some of them cry. You can see they want to reach out and hug me, and that's why I do what I do.” Restoration isn’t just about function—it’s about reviving memories and enabling the handover of treasures between generations. 3. Authenticity, Transparency, and Investment Smarts Paul Boutros provides insider guidance on buying for love, not just investment. He stresses the importance of authenticity, craftsmanship, and reputation: “Buy the best quality watches at the price level that you can afford… made by great brands who have pushed the state of the art.” Whether for legacy or potential appreciation, collecting watches well is about informed passion, not quick returns. 4. From Teenage Trader to Dubai Authority Tariq Malik recounts how Swatch trading as a teenager evolved into a global vintage watch business. His journey underscores the importance of transparency, relationship-building, and quality when buying or selling a timepiece. “Today it’s a lot about the value, but the real richness is in the connection you have with the watch and its story.” Call-to-Action This week, pick one watch—whether you wear it daily or have it tucked away—and write down the story you want it to tell. Is it a symbol of achievement, a family heirloom, or an inspiration for the future? Share that story with someone you care about, or reflect on how your collection can become a living legacy. Find the Inspired Money channel on YouTube or listen to Inspired Money in your favorite podcast player. Andy Wang, Host/Producer of Inspired Money
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    1 h y 14 m
  • Fine Wine Regions to Discover in Retirement: Voyage into Viniculture

    Fine Wine Regions to Discover in Retirement: Voyage into Viniculture
    Apr 24 2025
    Why This Episode Is a Must-Listen Are you dreaming of exploring the world one vineyard at a time in your retirement? Or seeking an inspired getaway that promises more than just a glass of wine? In this episode of Inspired Money, host Andy Wang and a panel of wine luminaries uncork the secrets behind the world’s most fascinating wine regions. Whether you’re a seasoned collector, a curious traveler, or a budding enthusiast, this conversation is your ticket to discovering how wine, history, culture, and adventure blend seamlessly—offering both memorable journeys and valuable insights. Meet the Expert Panelists Madeline Puckette is a certified sommelier, award-winning author, and co-founder of Wine Folly, a leading platform for wine education known for its visually engaging and approachable style. She is the co-author of Wine Folly: The Essential Guide to Wine, a James Beard Award-winning book that has helped demystify wine for enthusiasts and professionals alike by blending design, data visualization, and expert knowledge. https://winefolly.com Yannick Benjamin is a New York-based sommelier, entrepreneur, and advocate, best known as the co-founder of Contento Restaurant and Beaupierre Wines & Spirits—both built on principles of accessibility, inclusivity, and community. A wheelchair user since 2003, Benjamin has become a celebrated figure in the wine world, earning accolades such as Sommelier of the Year by the Michelin Guide and co-founding Wine on Wheels, a nonprofit uniting wine professionals for charitable causes. https://wineonwheels.org Amanda Barnes, MW, is an award-winning wine writer and the leading expert on South American wines, celebrated for her book The South America Wine Guide. A masterful storyteller and presenter, she brings the wines, people, and places of Latin America to life with insight, authenticity, and adventure. https://amandabarnes.co.uk Alder Yarrow is the founder of Vinography.com, widely recognized as a pioneer of wine blogging and one of the wine world's most respected voices. He is the author of the award-winning book The Essence of Wine and the architect and day-to-day manager of the Old Vine Registry, the world's leading database of historic vineyards. https://vinography.com Key Highlights: Redefining Old World vs. New World Wine Regions Amanda Barnes and Alder Yarrow challenge the traditional “Old World vs. New World” distinction, revealing that history and innovation are thriving on both sides—and there's never been a better time to explore. Amanda notes, “Old World, New World is a distinction that we shouldn't really be using anymore...there's so much history and diversity in every region.” Embracing Wine Travel for All - Adventure and Accessibility Madeline Puckette introduces the novel concept of cycling through wine regions, literally feeling the terroir: “You can feel the cold spots, the hot spots, the elevation, especially on a bike.” Meanwhile, Yannick Benjamin highlights the importance of accessible wine tourism, sharing how transparency, flexibility, and warm hospitality create unforgettable experiences even in rural, less-developed regions. The Magic of Culinary Pairings and Local Culture All panelists agree: pairing wine with local cuisine is more than a meal—it's a cultural immersion. Amanda shares, “Sometimes the diet, the gastronomy also really influences the style of wine that comes from that region. Those pairings can be magical.” Local festivals and traditions bring wine’s story to life. Wine Collecting and Investment: Pleasure Over Profits Alder Yarrow delivers a candid take on wine investment: “Buy wine that you intend to drink...but don’t think you’re going to use it to increase your nest egg.” The panel advocates for collecting as a means to richer experiences, not just financial returns, and offers practical tips for new collectors. Call-to-Action If you're feeling inspired, here’s your one assignment for the week: 👉 Pick a wine region you've never explored before—maybe Georgia, Uruguay, or South Africa—and find a bottle from there. Open it, do a little research on the region, maybe even pair it with a local dish. Let it be the start of your own voyage into viniculture. Find the Inspired Money channel on YouTube or listen to Inspired Money in your favorite podcast player. Andy Wang, Host/Producer of Inspired Money
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    1 h y 8 m
  • Pat Flynn on Lean Learning: Doing More with Less (One on One)

    Pat Flynn on Lean Learning: Doing More with Less (One on One)
    Apr 22 2025
    Why This Episode Is a Must-Listen

    Feeling overwhelmed by information overload? Struggling to turn ideas into action? In this episode of Inspired Money, host Andy Wang sits down with renowned entrepreneur and author Pat Flynn to discuss practical strategies for mastering “lean learning,” lessons from his new book Lean Learning: How to Achieve More by Learning Less.

    Whether you want to build passive income, overcome imposter syndrome, or finally break through the noise to implement your ideas, this conversation delivers actionable insights for professionals in today’s fast-moving, digitally saturated world.

    Meet our Guest

    Pat Flynn is a serial entrepreneur, founder of Smart Passive Income (SPI), and a leading authority on online business, productivity, and education. He’s written four books, including "Will It Fly?" and his latest, "Lean Learning: How to Achieve More by Learning Less." Pat is known for his transparency in sharing wins, failures, and real-world tactics for building meaningful businesses and communities.

    Key Highlights
    1. The “Just-in-Time” Learning Advantage
      Pat Flynn explains the difference between “just-in-case” and “just-in-time” learning. Instead of hoarding information for every possible situation, he advocates focusing only on what’s immediately relevant: “Know your next step. Do that, and then you’ll figure it out.” This targeted approach prevents information overload and accelerates real progress toward your goals.

    2. Turning Fear Into Fuel
      Pat candidly shares how fear of failure and perfectionism held him back early in his career—and how reframing mistakes as part of the growth process changed everything. “I’d rather fail faster,” he says, encouraging us to see failure as information, not a dead end. His story about iterating on the SwitchPod invention, and his advice for parents and mentors, inspire us to lead by example and embrace vulnerability.

    3. The Power of Community & Accountability
      Both Pat and Andy highlight the importance of community as the “bedrock of learning and development.” Whether it’s mastermind groups, in-person meetups, or simply sharing your goals with a respected mentor, being part of a supportive ecosystem multiplies motivation, provides feedback, and delivers unexpected opportunities. “You can’t read the label when you’re inside the bottle,” Pat notes—underscoring why outside perspective matters.

    4. Force Functions: Create Your Own Deadlines
      Pat discusses the concept of “voluntary force functions”—deliberately putting yourself in higher-pressure situations (like agreeing to a keynote speech) to catalyze rapid learning and growth. This tactical shift turns intention into action and helps beat procrastination. As he puts it, “When we choose to opt into situations where we have to do the thing...we can harness a temporary and strategic stressor for life-changing transformation.”
    Call-to-Action

    This week, pick one area where you’ve been stuck in learning mode—then take a small, concrete action toward implementation. Whether it’s launching a project, signing up for your first community meetup, or sharing your idea with a trusted mentor, make progress by doing—starting today!

    Find the Inspired Money channel on YouTube or listen to Inspired Money in your favorite podcast player. Andy Wang, Host/Producer of Inspired Money
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    50 m
  • The Art of Wine Pairing: Elevating Retirement Gastronomy with Fine Wines

    The Art of Wine Pairing: Elevating Retirement Gastronomy with Fine Wines
    Apr 10 2025
    Why This Episode Is a Must-Listen

    Wine isn't just about grapes and bottles; it's about pairing moments with memories, enhancing meals, and enriching lives. In this episode of Inspired Money, we delve into the world of wine with some of the best minds in the industry. Whether you're a seasoned enthusiast or a curious newcomer, this discussion offers timeless tips on elevating your dining experiences and understanding wine as a cultural connector. Say goodbye to intimidation and hello to joyful exploration.

    Meet the Expert Panelists

    Madeline Puckette is a certified sommelier, award-winning author, and co-founder of Wine Folly, a leading platform for wine education known for its visually engaging and approachable style. She is the co-author of Wine Folly: The Essential Guide to Wine, a James Beard Award-winning book that has helped demystify wine for enthusiasts and professionals alike by blending design, data visualization, and expert knowledge. https://winefolly.com

    Dustin Wilson is a Master Sommelier, entrepreneur, and co-founder of Verve Wine, a modern retail and hospitality brand with locations in New York, San Francisco, and Chicago. Known for his role in the SOMM film series, Wilson has also launched Après Cru, a firm supporting the growth of visionary restaurant concepts. https://vervewine.com

    Yannick Benjamin is a New York-based sommelier, entrepreneur, and advocate, best known as the co-founder of Contento Restaurant and Beaupierre Wines & Spirits—both built on principles of accessibility, inclusivity, and community. A wheelchair user since 2003, Benjamin has become a celebrated figure in the wine world, earning accolades such as Sommelier of the Year by the Michelin Guide and co-founding Wine on Wheels, a nonprofit uniting wine professionals for charitable causes. https://wineonwheels.org

    Sarah Thomas is the co-founder and Chief Brand Officer of Kalamata’s Kitchen, a storytelling brand that celebrates cultural curiosity through food, encouraging children to explore diverse cuisines with empathy and excitement. A former Advanced Sommelier at the three-Michelin-starred Le Bernardin, Thomas blends her fine-dining background and South Indian heritage into joyful narratives that inspire the next generation of eaters and adventurers. http://kalamataskitchen.com

    Key Highlights:
    1. Exploring Diverse Wine Varietals
      Sarah Thomas emphasizes the importance of understanding one's own palate. She encourages curiosity and experimentation beyond traditional wine pairings, stating, “Understanding your likes and dislikes and exploring diverse expressions can elevate your entire dining experience.”

    2. Breaking Wine Pairing Norms
       Dustin Wilson shares insights into experimenting with wine-food pairings. Drawing from his restaurant experiences, he suggests starting with traditional guidelines and then boldly venturing into uncharted pairings that complement personal taste preferences.

    3. Embracing Ancient and Emerging Wine Regions
       Yannick Benjamin brings focus to ancient wine regions like Georgia and Armenia. He values wine's ability to connect us with diverse cultures and histories, highlighting wine as “liquid geography” that educates as much as it delights.

    4. The Science and Debate of Healthy Wine Consumption
       Madeline Puckette reviews recent health debates around wine. She provides an overview of current studies, including findings that moderate wine consumption may lower mortality rates, urging viewers to balance indulgence with wellness.
    Call-to-Action

    Here’s something simple you can do this week. Plan one meal—just one—where you really slow down and think about the pairing. Whether it’s wine with dinner, sparkling water with citrus, or just setting the table with intention, create an experience. Invite someone over, light a candle, and enjoy it. Let food and drink be a reminder to live well.

    Find the Inspired Money channel on YouTube or listen to Inspired Money in your favorite podcast player. Andy Wang, Host/Producer of Inspired Money
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    1 h y 17 m
  • Retirement Income Strategies: Maximizing Returns for Financial Freedom

    Retirement Income Strategies: Maximizing Returns for Financial Freedom
    Mar 27 2025
    Why This Episode Is a Must-Listen Planning for retirement can feel overwhelming with its complexities and uncertainties. This episode of "Inspired Money" tackles the essential question: How do you turn your savings into reliable income that will last throughout retirement? We bring together a panel of four esteemed experts to share proven strategies, actionable insights, and industry wisdom to help you craft a solid retirement income plan. Whether you are just beginning to think about retirement or looking to refine your strategy, this episode offers valuable advice on diversifying your income, managing taxes, and inflation-proofing your financial future. Meet the Expert Panelists Wade Pfau, PhD, CFA, RICP®, is one of the foremost thought leaders in retirement income planning. He’s a professor at The American College of Financial Services, a partner at McLean Asset Management, and the author of the widely acclaimed "Retirement Planning Guidebook." Holding a PhD in Economics from Princeton University, Wade’s research has shaped how retirees and financial professionals approach sustainable income strategies. Mary Beth Franklin, CFP®, is a leading authority on Social Security and Medicare. A veteran financial journalist, she’s spent over 40 years educating both consumers and financial advisors. She’s also the author of "Maximizing Your Social Security Retirement Benefits." If you want to get every dollar you’re entitled to, Mary Beth’s insights are invaluable. William Bengen revolutionized the way we think about retirement withdrawals and is author of "A Richer Retirement". Best known for creating the "4% Rule," his research has guided countless retirees toward sustainable spending strategies. With an Massachusetts Institute of Technology background in aerospace engineering and a second career in financial planning, Bill brings both precision and practicality to the table. Dana Anspach, CFP®, RMA®, CFP®, RMA®, is the founder and CEO of Sensible Money, LLC. She’s dedicated her career to helping people create sustainable retirement income plans. She’s the author of "Control Your Retirement Destiny" and "Social Security Sense." Dana’s hands-on experience makes her a wealth of practical knowledge. Key Highlights: The Importance of a Diversified Income Portfolio Bill Bengen reveals insights into maintaining a balanced portfolio with an optimal stock allocation to protect against market volatility. He notes, "You need to keep a healthy allocation to stocks to ensure your portfolio generates enough return."Tax Efficient Withdrawal Strategies Wade Pfau discusses maximizing the longevity of retirement funds through strategic tax withdrawal strategies, emphasizing, "Managing an effective marginal tax rate in a strategic manner can have a huge impact on the sustainability of funds in retirement."Social Security as a Foundational Income Source Mary Beth Franklin underscores the critical role of Social Security, providing guidance on maximizing benefits while addressing public concerns about its future reliability.Inflation Risks The episode highlights the threat of inflation and offers strategies to protect retirement income, with Bill Bengen noting that "Inflation is the greatest risk to retirees. Call-to-Action This week, take a closer look at your retirement income plan. Start crafting or refining your strategy to ensure that you have a diversified mix of income sources, consider the impact of inflation, and explore avenues for making your withdrawals more tax-efficient. Planning and flexibility are your keys to a secure financial future. Find the Inspired Money channel on YouTube or listen to Inspired Money in your favorite podcast player. Andy Wang, Host/Producer of Inspired Money
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    1 h y 6 m
  • Building Wealth Through Real Estate: Strategies for Investing in Rental Properties

    Building Wealth Through Real Estate: Strategies for Investing in Rental Properties
    Mar 20 2025
    Why This Episode Is a Must-Listen Real estate investing is one of the most powerful wealth-building tools available, and this episode of Inspired Money dives deep into how you can leverage rental properties to build long-term wealth. Whether you're just starting out or looking to expand your portfolio, this episode offers valuable insights and actionable strategies to help you succeed in today's market. Meet the Expert Panelists Kathy Fettke is a real estate investor, educator, and co-founder of RealWealth, where she helps investors build passive income through smart real estate strategies. She is the author of Retire Rich with Rentals and co-author of Scaling Smart: How to Design a Self-Managing Business, as well as the host of the popular podcasts The Real Wealth Show and Real Estate News for Investors. Jason Hartman is a real estate investor, entrepreneur, and CEO of Empowered Investor, specializing in helping people build wealth through income property investments across the United States. As the host of the Creating Wealth Podcast and a sought-after speaker, he educates investors on market cycles, financing strategies, and long-term wealth-building through his Complete Solution for Real Estate Investors™ system. Michael Albaum is a real estate investor, educator, and founder of MyFI Academy, specializing in long-distance rental investing and financial independence. He is also the co-founder of Bold Street AI, providing data-driven insights for smarter real estate investments, and the host of The Remote Investor podcast, where he shares expert advice on building wealth through real estate. Starting as a fire protection engineer, Michael built a portfolio of 61+ units using strategies like BRRRR and turnkey investing, helping others achieve financial freedom through informed decision-making. Monick Halm is a real estate investor, syndicator, and founder of Real Estate Investor Goddesses, a community dedicated to helping women build wealth through real estate. With over 20 years of experience and $350 million in real estate transactions, she is the bestselling author of The Real Estate Investor Goddess Handbook and Invest Like a Goddess, as well as a TEDx speaker and host of the Real Estate Investor Goddesses Podcast. Key Highlights: Understanding Market Indicators Kathy Fettke emphasizes the importance of investing in growth areas with strong population and job increases. She states, "You want to be in areas that are growing... You need so much more information than just a pro forma." Leverage and Inflation Jason Hartman explains how inflation can be a hidden benefit for real estate investors, noting that "inflation basically pays our debt down for us" by allowing us to pay back loans with weaker future dollars. Creative Financing Options Monick Halm discusses various financing strategies beyond traditional loans, including debt service coverage and non-qualified mortgages, making real estate investing accessible even for those who may not qualify for traditional bank loans. The Power of Partnerships Michael Albaum highlights the significance of partnerships and syndications, encouraging investors to collaborate and leverage shared resources to achieve financial freedom and expand their portfolios. Call-to-Action Find one potential rental market that interests you and start researching. Look at job growth, population trends, and rental demand. Even if you’re not ready to invest today, building your market knowledge will help you spot the right opportunities when they come. Share your findings with us on LinkedIn! Find the Inspired Money channel on YouTube or listen to Inspired Money in your favorite podcast player. Andy Wang, Host/Producer of Inspired Money
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    1 h y 10 m
  • Creating a Vision Board for Financial Success: Visualizing Your Goals and Manifesting Abundance

    Creating a Vision Board for Financial Success: Visualizing Your Goals and Manifesting Abundance
    Mar 12 2025
    Why This Episode Is a Must-Listen Are you struggling to achieve financial goals like saving more, investing wisely, or building long-term wealth? This episode of Inspired Money brings a unique and transformative approach to financial success—Vision Boards. Discover how visualization can reinforce your goals, reshape your mindset, and increase the likelihood of achieving your dreams. Featuring top experts like John Assaraf, Dr. Srini Pillay, and Ellen Rogin, this episode is packed with insights on how to train your brain for financial success. Meet the Expert Panelists John Assaraf is a leading mindset and behavioral expert, CEO of NeuroGym, and two-time New York Times bestselling author, known for helping individuals and businesses unlock their fullest potential using neuroscience-based training. He has built five multimillion-dollar companies, appeared on Larry King Live, Anderson Cooper, and The Ellen DeGeneres Show, and has been featured in eight films, including The Secret. Srini Pillay, M.D. is a Harvard-trained psychiatrist, neuroscientist, and CEO of NeuroBusiness Group, specializing in the science of mindset, visualization, and goal achievement. A sought-after speaker, author, and consultant to Fortune 500 companies, he translates complex brain research into actionable strategies for personal and financial success. Author of several book including, “Tinker Dabble Doodle Try: Unlock the Power of the Unfocused Mind.” Ellen Rogin, CPA, CFP®, is a money expert and financial intuitive who helps people reshape their relationship with money to create greater abundance and joy. She is the New York Times bestselling author of Picture Your Prosperity, and her insights have been featured on CNBC, ABC, NPR, TIME, and Oprah Magazine. Key Highlights The Power of Visualization: John Assaraf illustrates how visualization can restructure the neural pathways in the brain, influencing behavior and identity. He recounts his own experience, stating, “I started off making $1.65 an hour… to making millions of dollars a year.” Visualization coupled with consistent action propelled his vast transformation. Specificity and Relevance in Vision Boards: Dr. Srini Pillay explains that specific and relevant goals stimulate the brain's image centers. He shares a client success story where careful visualization led to unexpected personal fulfillment, demonstrating that specificity fuels motivation and action. Aligning Financial Goals with Personal Values: Ellen Rogin emphasizes that balancing financial planning with emotional and intuitive insights can deepen the meaning and fulfillment of financial success. Her structured approach to vision boards aligns financial goals with deeper personal values and contributions to society. Call-to-Action Here’s my challenge for you this week: Take 10 minutes to start your own financial vision board. Grab a piece of paper, open a digital board, or even create a simple list of images and words that represent your goals. Just start—because clarity leads to action. Find the Inspired Money channel on YouTube or listen to Inspired Money in your favorite podcast player. Andy Wang, Host/Producer of Inspired Money
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    1 h y 7 m
  • Understanding Behavioral Finance: How Emotions and Cognitive Biases Impact Investment Decisions

    Understanding Behavioral Finance: How Emotions and Cognitive Biases Impact Investment Decisions
    Mar 6 2025
    Why This Episode Is a Must-Listen In a world where financial decisions can be deeply influenced by emotions and biases, understanding how these factors play a role in investment strategy is crucial. This episode of “Inspired Money” dives deep into behavioral finance to uncover the predictable irrationality in our investment choices. Are you letting fear and greed drive your financial decisions? Discover strategies to navigate biases and invest more rationally by tuning in. Meet the Expert Panelists Colin Camerer is a pioneering behavioral economist and neuroeconomist known for integrating psychology and neuroscience into economic decision-making. As the Robert Kirby Professor of Behavioral Finance and Economics at Caltech, he researches neuroeconomics, behavioral game theory, decision science, and the neuroscience of economic choices, earning him a MacArthur Fellowship in 2013 and an honorary doctorate from the Stockholm School of Economics in 2019. Tom Howard is a pioneer in behavioral finance, best known for founding AthenaInvest and authoring the influential book Behavioral Portfolio Management. With over 35 years in academia and finance, he developed a groundbreaking approach that challenges traditional investment theory by focusing on how investors actually behave, revolutionizing portfolio management through a behavioral data-driven strategy. Annika Echarti, CFP® is a financial coach specializing in behavioral finance and financial psychology. With a background in accounting, law, and economics, she helps self-employed individuals and small business owners align their financial decisions with their goals and values, focusing on both practical strategies and the psychology behind money habits. Megan McCoy, Ph.D., LMFT, AFC®, CFT™ is an Assistant Professor at Kansas State University’s Department of Personal Financial Planning, where she specializes in financial therapy, financial well-being, and the dynamics of couples' financial interactions, and has published extensively on these topics while also contributing as a board member of the Financial Therapy Association and co-editor of the Financial Planning Review. Key Highlights: Cognitive Biases Unveiled: According to Colin Camerer, “Fear and greed are real and are actually in the brain.” He explains how these emotions manifest during market bubbles, revealing deep insights into investor behavior. Recognizing these mental states can help investors maintain discipline amidst market fluctuations. The Power of Planning: Tom Howard highlights that “myopic loss aversion is the most important mistake that investors make,” emphasizing the role of structured investment plans and predefined sell rules. By anchoring decisions to clear guidelines, investors can mitigate the biases that lead to costly errors. Aligning Financial Decisions with Values: Annika Echarti stresses the significance of aligning financial choices with personal values to overcome emotional biases. This strategic alignment helps investors make decisions that not only benefit their portfolios but also align with their life goals. The Role of Emotional Intelligence: Megan McCoy advocates for the development of emotional intelligence to recognize financial biases. Through self-awareness and exercises like the money egg, investors can unpack early money-related experiences to better understand their current biases. Call-to-Action Here’s what I want you to do: the next time you’re about to make an investment decision—pause. Ask yourself: Is this decision based on a solid strategy, or is it driven by emotion? Write down your reasoning before taking action. Even just becoming aware of your thought process can help you make smarter choices. Let’s start investing more intentionally and less emotionally. Let me know in the comments—what’s one bias you’ve noticed in your own financial decisions? Find the Inspired Money channel on YouTube or listen to Inspired Money in your favorite podcast player. Andy Wang, Host/Producer of Inspired Money
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    1 h y 13 m
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