Our Biases decide for us Unconsciously
Numbers don't drive money decisions, Our biases do, and our emotions do.
Our emotions make us do some very stupid things. I know that we are all prone to biases that we don't even know we have. Sellers capitalize on this, so no choice is presented neutrally. For example-
Cognitive Bias- FRAMING EFFECT.
It means no information is presented neutrally. Given 2 Options, we'll always pick a story we like.
Assume, You are in a supermarket, and see a delicious product there, its packing says
- 70% Fat-Free
- 30% Fat
Most of us choose option 1 but see, these both are the same things but presented differently.
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This book is by an Indian Author "Ankur Warikoo". He has been terrible with his money management nearly all his life. This was because he was never taught anything about money. All that he was taught was how to earn a living. So he set out to write this book for his younger self, sharing everything he had been taught while adulting. It is practical, has no technical jargon, and teaches how to earn, spend, and put money to work.
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