Behavioral Finance and Your Portfolio: A Navigation Guide for Building Wealth (2nd Edition) Free Audiobook Download by Michael M. Pompian

It is said that human beings are hardwired to make choices that allow them to create wealth. We tend to focus on our income, not our expenditures and what we actually spend on can give a lot of insight into how we feel about the way life is going. This "wealth navigation guide" will help you understand what your spending means in terms of financial health and how the savvy investor can capitalize on these insights. The author takes you through a variety of topics such as earrings, dinner parties, marriage, buying cars, etc. By understanding these human tendencies and considering their financial implications it is possible for you to build your wealth into something sustainable.

This audiobook provides a detailed, step-by-step overview of how to build wealth through behavioral finance. It helps people who want to improve their financial knowledge and insight by providing them with what they need to know for both short-term and long-term strategies. Although it is not commonly used in the field of finance, this guide will help you learn more about this subject and get your finances in check.

Behavioral finance is an approach to assessing investment risks that embraces the idea that not all investors behave in the same way. People with more experience, influence, and education tend to behave differently than those with less experience, influence, and education.

As our society has changed, the financial industry has adapted to these changes. In doing so, they’ve created new avenues for investors to make more money faster than ever before. This guide will discuss practical behavioral finance including: The difference between risk and return, behavioral portfolio management, the importance of understanding your portfolio, and how technology is shaping our future.