The Roman Empire of Financial Planning

Our 2 Cents – Episode #081

The Roman Empire of Financial Planning

Welcome back for another great episode of the Our 2 Cents podcast!

We’re covering a really interesting main topic this week that takes us into the psyche of investors. We also have a listener question that was sent in to us and we wrap up by learning a bit more about Steve and Gabriel!

The Danger of Overconfidence:

• What does the Roman Empire have in common with your financial plan?
• Overconfidence is an interesting psychological phenomenon, which can be particularly dangerous when it comes to investing and personal finance.
• Find out how overconfidence in three key planning areas can undermine your investing performance and retirement goals.
• We also take a look at how confirmation bias can sneak in and compound the negative effects of overconfidence.

Listener Question:

• “My Long-Term Care premium is going up this year based on a notice I received, and it is significant. Should I pay the extra premium cost, or should I just cancel it before it goes up again?” – Hannah

Getting to Know Steve and Gabriel:

• What is something that you’ve done that you think everyone should do at least once in their lifetime?
• Who was your favorite teacher growing up, and why?

Tune in now to join us for this discussion!

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