Who's the Boss?

Thoughts On Money [TOM]

26-07-2024 • 30分

This week's blogpost - https://bahnsen.co/3Yf7XGt

Who's the Boss: Mastering Self-Control in Life and Investing

In this episode of the Thoughts on Money podcast, hosted by Trevor Cummings along with Sean Latimer and Blaine Carver, the trio dives into the importance of self-control and awareness in various aspects of life, including dieting, parenting, and investing. They explore how external influences like cravings, emotions, and even hunger can impact decision-making. Drawing from personal anecdotes and references to popular culture, including Batman and the fable of Hansel and Gretel, the hosts stress the significance of having a well-thought-out plan and staying true to it, especially in the volatile stock market. The episode underscores the importance of being the 'boss' of one's actions to avoid regretful decisions.

00:00 Introduction to the Podcast

00:17 The Concept of Influence

02:56 Diet and Cravings

08:14 Parenting Challenges

12:50 Emotional Triggers and Self-Control

15:14 Legal Analogies and Financial Advice

24:13 Market Warnings and Investment Strategies

27:21 Conclusion and Final Thoughts

Links mentioned in this episode: