Can You Trick Your Brain To Make Better Money Decisions?
In this episode of Let's Talk Money, Monika Halan breaks down what loss aversion is, and how it affects our financial decisions. She explains how simple nudges can help us overcome irrational behaviours and make better financial choices. Monika shares practical tips for organising finances and setting saving goals, along with examples of successful state-sponsored programs.
Monika also answers your questions about the pros and cons of opting for a Portfolio Management Scheme over Mutual Funds, asset allocations in equity and debt for someone working in the IT industry, and why one should opt for the broad market index funds.
Chapters:
(00:31 - 05:48) Personal Nudges For Better Money Decisions
(06:01 - 07:40) Portfolio Management Scheme vs. Mutual Funds
(07:42 - 10:52) Reworking Your Asset Allocation
(10:54 - 12:00) Why Broad Market Index Funds?
If you have financial questions that you’d like answers for, please email us at mailme@monikahalan.com
Monika’s book on basic money management
https://www.monikahalan.com/lets-talk-money-english/
Monika’s book on mutual funds
https://www.monikahalan.com/lets-talk-mutual-funds/
Monika’s workbook on recording your financial life
https://www.monikahalan.com/lets-talk-legacy/
Calculators
https://investor.sebi.gov.in/calculators/index.html
You can find Monika on her social media @monikahalan.
Twitter @MonikaHalan
Instagram @MonikaHalan
Facebook @MonikaHalan
This is a Maed In India Production; check us out at www.maedinindia.in
Creative Director: Mae Mariyam Thomas
Project Manager: Shaun Fanthome
Head of Audio: Kartik Kulkarni
Producer: Meghna Gulati
Sound Editor: Lakshman Parsuram
Artwork: Alika Gupta
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