KnowledgeTalks 49 | Money Temperament | FT Ted McLyman | Abhishek Sengupta Audio Blogs

TedMclyman is based in Nashville, United State. He is Co-Founder & Vice President, DreamSmart Behavioral Solutions. Ted McLyman, is a thought leader in Behavioral Financial Wellness and the creator of the Money Behavior System™. He is author of Discover your Money Temperament and Money Makes Me Crazy. He is a seasoned coach, speaker, and trainer, Ted brings a unique perspective on financial decision-making. He challenges the traditional rational approach to money, arguing that we are emotional beings who think, not thinking beings with emotions. With decades of experience in financial advising and leadership, he has helped countless individuals and professionals understand their Money Temperament™, manage their financial behavior, and ultimately take control oftheir money. Get ready for an insightful conversation that will change how you think about money and financial success! We have taken a wonderful topic "Money Temperament"   1. The Concept of Money Temperament™ What is Money Temperament? How does understanding it help individuals make better financial decisions?   2. Emotions and Spending Decisions You argue that 95-99% of spending is emotional and nonconscious. Share practical strategies for collecting input from diverse team members. What are some real-life examples of this? How can individuals recognize and manage these emotions to make better financial choices?   3. Why Rational Financial Planning Fails ? Traditional financial advice assumes people make rational money decisions. Why is this a flawed assumption, and how do emotions play a dominant role in financial choices?   5. Money and Behavioral Traps What are the most common behavioral traps people fall into when making financial decision ? What practical steps can people take to recognize and change self-sabotaging financial behaviors? 6 Behavioral Financial Wellness How can individuals take control of their financial behavior to create wealth, rather than just focusing on investment products and savings plans?   Closing remarks & Final Takeaways for Listeners     Follow for more @abhisheksengupta2006   Connect with Ted Mc Lyman: https://www.instagram.com/tedmclyman/ https://www.facebook.com/TedMcLyman https://www.youtube.com/@TedMcLyman https://www.linkedin.com/in/ted-mclyman/ https://x.com/TedMcLyman    Get Ted’s Books: Discover Your Money Temperament : https://buff.ly/433VuI1 Money Makes Me Crazy : https://buff.ly/41tC0LB   #KnowledgeTalks #Money #MoneyTemperament #Behaviour  #abhisheksengupta #abhisheksenguptaaudioblogs   Media Credit : Pic Courtesy - UnSplash Video Courtesy - Mixxit Background Music - Upbeat Pic & videos : invideo.io &Istock   Disclaimer : 1. This episode is made for information and knowledge gain. All necessary checks with relevant persons and authorities should be done before taking any actions. Maker of the episode/ company / its employees / its partners / its directors / founders/ co-founders / participant in episode will not be responsible for any incident related to this.   2. Images & videos used in this are for representation and educational purpose only under fair use provision of copyright. These are not used for any other objective. Copyright Disclaimer under Section 107 of the copyright act 1976, allowance is made for fair use for purposes such as criticism, comment, news reporting, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favour of fair use.   3. Content Disclaimer : Opinions given in this episode are personal. Host / Organisers are neither associated with it nor endorse it.