Don’t miss a BRAND NEW episode of The Women’s Eye podcast with Catherine Anaya as I talk with Catherine Scrivano, President of CASCO Financial Group in Phoenix, Arizona. In this episode, we talk about financial biases and why it’s important to tackle them. Catherine Scrivano describes them as financial behaviors or decisions based on inaccurate or irrational conclusions that can sometimes lead to choices that don’t serve us well.
Here is our vidcast of this conversation.
Catherine Scrivano is also a regular contributor to The Women’s Eye podcast on our Building Money Power segment. She started her business to help people create the financial strength they need to achieve their dreams.
Catherine will walk us through some behaviors she calls financial biases which can lead to emotional and short-term money decisions that are not in our best interest. “We need to acknowledge that if we’re putting a lot of emphasis on recent events and not as much weight on financial things that have happened in the past, what we’re automatically doing is skewing ourselves for short-term thinking,” she says.
She talks about how limiting ourselves just to numbers might not improve our financial situation. Think about your motivation when trying to improve financial decision-making, she says.
She advises to be aware of the words momentum and trend and why this is important. Invest with specific goals in mind.
She explains why it’s good practice to ask ourselves WHY we come to these conclusions and how we can go about tackling those behaviors.
you don’t have to be wealthy to be wise.
Don’t miss Catherine Scrivano’s timely financial advice on the next episode of The Women’s Eye podcast.
Check out another segment with Catherine Scrivano as she talks about How Much is Enough. Enjoy.