“The checking account is like the trash can of personal finance.”
Today’s podcast guest, the famed behavioral economist Dr. Dan Ariely, is not a fan of checking accounts. Or supermarket end caps. Or anything that distracts us from our financial goals.
In this episode, he explains why.
Dan Ariely is one of the world’s most renowned behavioral economists. He’s the James B. Duke Professor of psychology and behavioral economics at Duke University.
His TED Talks have been viewed more than 15 million times. In 2018, he was named one of the 50 most influential living psychologists in the world.
He’s the New York Times bestselling author of many books, including Predictably Irrational, a book that challenges our assumptions about our ability to make rational decisions. He also wrote Dollars and Sense, a book about our cognitive biases, and The Honest Truth About Dishonesty, a book about how we lie to everyone, including ourselves.
Dan is also the Chief Behavioral Economist at Qapital, an app that uses lessons from behavioral economics to help its users build stronger money habits.
Dan says he became “engrossed with the idea that we repeatedly and predictably make the wrong decisions in many aspects of our lives and that research could help change some of these patterns.”
He joins us on today’s show to talk about how we can make better decisions with our money during this challenging time.
You’ll enjoy this episode if:
- You can’t get enough of behavioral economics – figuring out the “why” behind our financial decisions.
- You enjoyed our previous interviews with behavioral economists Dr. Steve Wendel, Kristen Berman, and Jeff Kreisler
- Predictably Irrational, by Dan Ariely
- Dollars and Sense, by Dan Ariely and Jeff Kreisler
- The Honest Truth About Dishonesty, by Dan Ariely
Thanks to our sponsors!
Grammarly is the digital writing assistant that helps more than 20 million people put their best words forward. It’s available on multiple platforms like Gmail, Google Docs, and Slack, so you can communicate clearly and effectively everywhere. If you want to develop your skills as a writer, Grammarly offers great tips when it suggests corrections on tone, word choice, punctuation, sentence structure, and style. Head to Grammarly.com/Paula to get 20% off Grammarly Premium.
Want to reduce your cell phone bill? Mint Mobile costs just $15 per month, and every plan comes with unlimited nationwide talk and text. You don’t have to pay for unlimited data you’ll never use – Mint Mobile offers 3GB, 8GB, or 12GB of 4G LTE data each month. You can use your phone with Mint Mobile and keep your phone number. Go to mintmobile.com/paula for your $15 per month plan.
Busy, but love to read and learn? Blinkist is the only app that takes the best key takeaways from thousands of nonfiction books and condenses them down into just 15 minutes. You can start a free 7-day trial when you join at blinkist.com/paula.
Frame your favorite things, from art prints and posters to travel photos, with Framebridge. You can preview your item in any frame style and choose your favorite, or get free recommendations from talented designers. Go to framebridge.com and use code affordanything for 15% off your first order.