Nate’s Notes 167: “Show Me Your Money & I’ll Show You Your Values” | Daniel Crosby, Behavioral Finance Psychologist

Thanks for listening to this episode of Meikles & Dimes. What great lessons Daniel shared.

First, our lives will tend to be as rich or poor as the lives of our friends. We mimic each other to an astonishingly high degree, and the people we surround ourselves with is predictive of who we are and where we’re going.

Second, as Daniel said, “Show me your money and I’ll show you your values.” It’s easy to say we value health, while spending a bunch of our money on fast food. By analyzing where we spend our money, we can see what we truly value.

In summary, pay attention to who we surround ourselves with and where we actually spend our money.

It’s a simple idea. Please take it seriously.

Daniel Crosby Bio:

Daniel Crosby is a psychologist, behavioral finance expert, and asset manager who applies his study of market psychology to everything from financial product design to security selection. He is also a New York Times and USA Today bestselling author of the Behavioral Investor and Personal Benchmark.

Daniel was named one of the “12 Thinkers to Watch” by Monster.com, a “Financial Blogger You Should Be Reading” by AARP and in the “Top 40 Under 40” by Investment News.

I hope you enjoy learning from Daniel Crosby today.