What’s the most reliable social media platform? Your answer probably varies from what your parents or (adult) children would say. (1) 

And actually, there’s no real consensus. Many of us turn to Reddit, YouTube, or TikTok to learn about money, yet we know influencers and advertisements don’t always speak the truth. Surprisingly, that doesn’t stop us from buying in to the financial advice we find on those platforms. (1)  

What does your “ideal life” look like?

Seriously, imagine it. The house. The city. The people. 

How long has it been since you allowed your mind to wander into the realm of possibility? Simply remembering what makes you happy. What you believe in. What inspires you. 

I hope it hasn’t been long. But if you’re like most of us––you’re always on the go and distracted, leaving pie-in-the-sky time as a low-rung priority.  

Quick question: which behavioral bias do you think is the most dangerous?

Is it our tendency to follow the herd and chase trends? (This one plays out a lot in the stock market.) Maybe the human desire to avoid losses even at the expense of the bigger picture? (Another one that hurts investors.) Perhaps our propensity to oversimplify complex information to get easy answers? (Something we should keep in mind when watching the news.)

What do you think it would take to make better—or even perfect—financial decisions? More information or more time? Even with that, you can also use less to do more with your money. 

And that means less bias when it’s time to make key financial decisions.