Money Moves with Christine Bello

How Businesses Get You to Spend More - The Sunk Cost Fallacy

14 min · 17 de abr de 2023
Portada del episodio How Businesses Get You to Spend More - The Sunk Cost Fallacy

Descripción

In today's episode, we will go into depth about how our perception of wasting time, money, or effort could lead us to engage in more self-destructive or damaging behaviors (even if the cost cannot be recouped) AND how businesses leverage this knowledge to get us to invest more time and money into their products. We'll explain the proper mental tools needed to avoid such devious marketing tricks, and learn a lil mental strength + resilience along the way. If you enjoyed today's episode, make sure to leave a 5 star rating and share with you friends :)

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In the current economy, cash is king. Which means savings accounts might actually be your best (and easiest) way to earn a return on your money. In today's episode, we'll dive into what makes APY rates fluctuate and how we can use this to our advantage. We'll discover why high-yield savings are gaining popularity among savers looking to make their money work harder and generate higher returns. Additionally, you'll learn how to evaluate different options, compare interest rates, and choose the best high-yield savings account that aligns with you! Remember: make sure to always do your own research as policies are often updated and rates are always changing. What's depicted in this recording might not hold true today. Thank you so much for listening, if you enjoyed today's episode make sure to leave a 5 star rating and share :)

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