In this episode, Julien and Kiersten discuss the concept of overconfidence in investing, what they refer to as “the confidence trap”. They explore the importance of confidence and how it can either help or hinder individuals in achieving their goals. The role of ego in investing is also examined, as well as the relationship between work and investing.

As they’re known to do, the hosts use culinary references and personal anecdotes to illustrate their points. They emphasize the difference between investing and gambling, and the need to understand and manage risk. In his conversation, the hosts discuss the concept of risk and its relativity. They emphasize that risk is subjective and varies from person to person. They also highlight the importance of considering the advice of experienced individuals who have gone through similar situations.

Additionally, they discuss how repeated exposure to high-risk activities increases the likelihood of negative outcomes, emphasizing the need to focus on activities with higher probabilities of success. The episode concludes with tips for making better investment decisions and the value of seeking advice from experienced investors.

About the Hosts:
Julien and Kiersten Saunders are the hosts of the rich & REGULAR® podcast. New episodes are published weekly on YouTube, Apple Podcasts, Spotify and other streaming platforms. Julien and Kiersten are also the authors of Cashing Out: Win The Wealth Game By Walking Away, named 2023 best overall book about investing by Business Insider and one of the best personal finance books by Forbes. To learn more and purchase the book, visit https://richandregular.com/cashingout/

To contact us, send an email to hello@richandregular.com

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