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Curious how something as simple as a coffee mug might affect your financial decisions? 🤔 In this episode of Wisdom in Wealth, Brendan Frazier, Chief Behavioral Officer at RFG Advisory, breaks down the "endowment effect" – a common bias that leads people to overvalue what they own. Whether deciding on an investment, buying a house, or evaluating a job offer, this psychological habit could impact your choices. Watch the full video to learn how to spot this bias and avoid costly mistakes! https://lnkd.in/gFZABEJx

For many, retirement starts a new phase of life. Are you getting prepared for your new phase? #SavingForRetirement

Social host laws may make you responsible for underage drinking in your home, even if you are away.

Start saving for college early to maximize growth through compounding. Delaying can potentially impact the timeline for reaching goals and may affect the range of available investment options. Explore 529 plans, ESAs, and other accounts.

Stocks notched modest gains in August, helping investors forget a volatile month of trading, punctuated by upbeat comments by Fed officials about interest rates. #InterestRates #StockMarket #FederalReserve https://lnkd.in/g7_UwzSv

A windfall from a loved one can be both rewarding and complicated. Learn how to cope with such an outcome with this message.

How do you handle your estate if you have a blended family? Here are a few things you should consider. Read more.

Is spending money now more tempting than saving for the future? In this episode of "Wisdom in Wealth," Brendan Frazier, RFG's Chief Behavioral Officer, explains why we’re drawn to instant gratification—and how it can derail our financial goals. 💸 But there’s hope! Brendan shares actionable strategies like using face-aging technology to visualize your future self, setting clear financial goals, and automating savings. 💰 Ready to align your present actions with your future success? Watch now: https://lnkd.in/gu_PuiG6 #FinancialWellness #WealthBuilding #BehavioralFinance #WisdomInWealth

When your dog bites someone, the liability may be covered by your homeowners policy, though there are exceptions.

Do you have a will? Is it updated?