Bryan Foltice Behavioral Finance Podcast

Send us a text [https://www.buzzsprout.com/twilio/text_messages/2204205/open_sms] Introducing the Money Strong Program: Empowering Financial Literacy at Butler University In this episode, Bryan introduces his friend and partner, Randy Brown, as they unveil the Money Strong Program at Butler University.  Together, they share their journey in developing the program, emphasizing the importance of financial literacy for students. Randy shares his personal background in HR and his transition to a career mentor at Butler, while Bryan explains the personal experiences that fueled his passion for financial literacy.  The duo discusses the steps they've taken to launch the program, the challenges they've faced, and the incredible support they've received from the Butler community.  They highlight the key components of the program, including large group 'Money Talks' sessions, one-on-one financial advice from professionals, and the creation of a new Personal Finance Club.  Join Bryan and Randy as they share their mission to help students navigate their financial futures more confidently. 00:00 Introduction and Guest Welcome 00:54 Randy Brown's Background and Career Journey 03:25 Transition to Butler University 06:48 Challenges and Insights in Career Mentoring 10:44 The Birth of the Financial Literacy Initiative 17:52 Building the Financial Literacy Program 27:01 Launching the Personal Finance Club 30:35 Future Plans and Call to Action Support the show [https://www.buzzsprout.com/2204205/support] Bryan Foltice Behavioral Finance Website - www.bryanfoltice.com Instagram - www.instagram.com/bryanfoltice Linkedin - https://www.linkedin.com/in/bryan-foltice-2578a116/ Disclaimer: www.bryanfoltice.com/cv

Send us a text [https://www.buzzsprout.com/twilio/text_messages/2204205/open_sms] The Untold Truths of Starting Your Own Business | Bryan Foltice Behavioral Finance Podcast Welcome to the Bryan Foltice Behavioral Finance Podcast! In this episode, Bryan shares invaluable insights on starting your own business, focusing on three often overlooked aspects: the overwhelming responsibility, the isolation, and the slow growth. Drawing from his own experiences, Bryan provides encouragement and practical advice to help you navigate these challenges and succeed in your entrepreneurial journey. Plus, discover how these obstacles can lead to personal growth and long-term success. Don't miss out on this candid and inspirational discussion! 00:00 Introduction to the Podcast 00:55 The Hidden Challenges of Starting a Business 02:19 It's All On You: The Reality of Running a Startup 05:21 The Isolation and Loneliness of Entrepreneurship 07:56 Facing the Harsh Reality of Results 09:37 Turning Challenges into Opportunities 10:42 Encouragement and Final Thoughts 12:21 Personal Reflections and Growth 19:17 Conclusion and Available Resources Support the show [https://www.buzzsprout.com/2204205/support] Bryan Foltice Behavioral Finance Website - www.bryanfoltice.com Instagram - www.instagram.com/bryanfoltice Linkedin - https://www.linkedin.com/in/bryan-foltice-2578a116/ Disclaimer: www.bryanfoltice.com/cv

Send us a text [https://www.buzzsprout.com/twilio/text_messages/2204205/open_sms] Understanding and Overcoming the Planning Fallacy | Bryan Foltice Behavioral Finance Podcast In this episode of the Bryan Foltice Behavioral Finance Podcast, host Bryan Foltice discusses the 'planning fallacy,' a common cognitive bias where individuals systematically underestimate the time, cost, and risks associated with tasks. Originating from the work of Daniel Kahneman and Amos Tversky in 1979, this fallacy affects everyone, including academics and professionals.  Bryan shares his personal experiences and insights on avoiding the pitfalls of the planning fallacy, emphasizing the importance of realistic time estimations, proper budgeting, and anticipation of potential risks to improve productivity and financial planning. Tune in to learn practical strategies to combat this common bias and enhance your decision-making skills. 00:00 Introduction to the Planning Fallacy 00:49 Personal Experience with the Planning Fallacy 01:47 Origins and Explanation of the Planning Fallacy 02:33 Impact of the Planning Fallacy in Academia 04:14 Optimism and Miscalibration 05:09 Real-Life Example: Summer Project 07:55 Budgeting and Financial Implications 10:13 Evaluating Risk and Setting Expectations 11:43 Strategies to Overcome the Planning Fallacy 14:53 Conclusion and Offerings Support the show [https://www.buzzsprout.com/2204205/support] Bryan Foltice Behavioral Finance Website - www.bryanfoltice.com Instagram - www.instagram.com/bryanfoltice Linkedin - https://www.linkedin.com/in/bryan-foltice-2578a116/ Disclaimer: www.bryanfoltice.com/cv

Send us a text [https://www.buzzsprout.com/twilio/text_messages/2204205/open_sms] In this episode of the Bryan Foltice Behavioral Finance podcast, Bryan discusses the recent market volatility linked to the carry trade, a complex financial strategy involving borrowing in low-interest currencies like the Japanese yen to invest in higher-yielding assets.  Using current market data, he provides an in-depth explanation of how fluctuations in currency values impact these trades and their broader implications on equity and bond markets. The episode aims to educate listeners on the recent disturbances caused by potential interest rate hikes in Japan and how this phenomenon affects global financial markets. 00:00 Introduction to the Podcast and Market Volatility 00:59 Understanding the Carry Trade 02:13 Example of the Carry Trade with Japanese Yen 03:46 Impact of Currency Rates on the Carry Trade 08:23 Recent Market Reactions and Risks 11:33 Conclusion and Final Thoughts Support the show [https://www.buzzsprout.com/2204205/support] Bryan Foltice Behavioral Finance Website - www.bryanfoltice.com Instagram - www.instagram.com/bryanfoltice Linkedin - https://www.linkedin.com/in/bryan-foltice-2578a116/ Disclaimer: www.bryanfoltice.com/cv

Send us a text [https://www.buzzsprout.com/twilio/text_messages/2204205/open_sms] Join Dr. Bryan Foltice in this episode of the Bryan Foltice Behavioral Finance Podcast as he dives into the concept of the bias blind spot. Discover how most of us perceive ourselves as less biased than others and the psychological mechanisms behind this phenomenon.  Dr. Foltice discusses the impact of this bias on decision-making and offers personal insights and examples of common biases in daily life. Additionally, get an exciting update on his new mini-course on behavioral finance. Tune in for a thought-provoking discussion aimed at increasing self-awareness and understanding in the realm of personal finance. References: The Bias Blind Spot: Perceptions of Bias in Self Versus Others - https://www.sakkyndig.com/psykologi/artvit/pronin2015.pdf 00:00 Introduction to the Podcast 00:29 Unveiling the Bias Blind Spot 02:54 Behavioral Finance Course Announcement 05:18 Understanding the Bias Blind Spot 10:06 Real-World Examples of Bias 18:08 Self-Serving Bias and Cognitive Dissonance 22:10 Overcoming Bias and Final Thoughts Support the show [https://www.buzzsprout.com/2204205/support] Bryan Foltice Behavioral Finance Website - www.bryanfoltice.com Instagram - www.instagram.com/bryanfoltice Linkedin - https://www.linkedin.com/in/bryan-foltice-2578a116/ Disclaimer: www.bryanfoltice.com/cv