Overcoming Financial Stress With The Saver And The Spender

Part 6 of a 6-part series on Cognitive Biases and how they impact us and our money each and every day! This episode is part 5 of our 6-part series on Cognitive Biases and how they impact us and our money each and every day! (Make sure you check out part 1, part 2, part 3, part 4 and part 5 if you haven't yet) It’s important to know what these are because they are impacting the way you make decisions and the way you think about your finances every single day. In this episode, we discuss how the Ostrich Effect is impacting the way we approach money decisions - do we tackle them head on or do we stick our head in the sand? In this episode you will learn: The Ostrich Effect - what it is and how it’s being used to affect my  decision-making How this shows up on a regular basis for us The impact it has on our future potential with money How we can overcome this bias How to overcome the ostrich effect: Solution 1: Focus on the idea that paying attention gives you the power to make a decision when necessary. N