Podcast #117: The Broad View on Behavioral Finance

Today’s guest is a return guest, Darryl Lyons, who was on the show last 2016. A great guy who hails from San Antonio, Texas. He’s a certified financial planner and behavioral financial adviser. He’s also an expert in personal finance and the author of 7 books; his latest book endorsed by the great Dave Ramsey! His company, Pax Financial Group, has made it into INC 5000 fastest growing companies.

In this episode of The Series of Winning Teams Podcast, Darryl talks on these topics:

– What is a Behavioral Financial Adviser?
– Changing people’s behavior about their financial decisions and purchases
– Asking ourselves the difficult question of “How we do money?”
– Re-framing our biases and filters that guide our decisions
– The 3 filters: ask a child, ask a friend and ask a sage
– Redefining Retirement: Pivoting rather than Retiring
– The 3 phases of retirement: go-go, so-so, no-go years
– The 5 Pivot Retirement Planning Buckets
– Common behavioral mistakes in financial management
– Alignment of expectations, values, and goals in financial planning
– Habit of a pause when making a purchase

We discuss how Darryl can help people make decisions based on Behavioral Finance and regret-proof their financial life and retirement.