How to Make Smarter Money Decisions w/ Carl Richards @BehaviorGap


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This week, we kicked off Financial Literacy Month with an inspiring chat with New York Times columnist Carl Richards. We discussed his new book The One-Page Financial Plan – and learned steps we can take toward making smarter money decisions.

Our video panel included: Carl Richards – Author & Founder of BehaviorGap.comRod Griffin – Director of Public Education at Experian, and Mike Delgado – Social Media Community Manager at Experian.

You can watch the complete video chat with Carl Richards in the video posted above, and you can view a Storified version of today’s tweetchat below.

If you have ideas for future topics and guests, please tweet @MikeDelgado.

Questions We Discussed:

  • Q1: Why is it easy to make irrational decisions when it comes to money?
  • Q2: Why does emotion play a big role in how we think about/use money?
  • Q3: What are some common financial mistakes we make?
  • Q4: How should we approach fuzzy financial topics that we don’t know much about (e.g. investing)?
  • Q5: What steps can we take to start making smarter decisions with our money?
  • Q6: What encouragement do you have for those who feel they’ve made too many money mistakes?
  • Q7: What are some steps to create a financial plan that matters to us?
  • Q8: How should we deal with the unexpected financial events in our life?
  • Q9: Any last minute tips to help us make smarter decisions with our money?

Featured Highlights on SlideShare:

Tweetable Tips:

Personal finance is 10% math and 90% emotion. If we grasp that, we can make more rational decisions.
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Carl1

We often have a hard time separating “need” from “want” – knowing the difference can promote better financial habits.

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Carl2

A lot of emotions about money stem from belief systems that are passed down to us or that we picked up from others.
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Carl4

Overspending, relying on credit cards and making minimum payments = huge financial mistakes that keep you in the debt cycle.
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Carl8

Any time I feel anxiety about a financial topic, I find that research helps me tend to my worries. Knowledge is empowering.
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Carl9

It’s never too late to get on the right track!
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Carl11

Here is the complete #CreditChat Storified:

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