lystn

In this special bonus episode, Mark Riepe talks with Katy Milkman, host of Choiceology and author of a new book titled How to Change: The Science of Getting from Where You Are to Where You Want to Be. Katy’s book focuses on overcoming the barriers that too often prevent us from making positive changes. Katy and Mark discuss some of these obstacles, including procrastination and the difficulty forming good habits, as well as techniques that research has shown can help us overcome them.  Katy also shares what led her down the path of studying behavioral economics, including the lightbulb moment she had when she first saw this pie chart from a study in the New England Journal of Medicine. She also explains how her research into the fresh-start effect was inspired by her own experiences as a graduate student. Finally, Katy and Mark discuss which biases Katy sees in herself, in her students, and in her own family.  Financial Decoder is an original podcast from Charles Schwab. To learn more, visit Schwab.com/FinancialDecoder. If you enjoy the show, please leave a ★★★★★ rating or review on Apple Podcasts.    Important Disclosures: The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.  All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed. Supporting documentation for any claims or statistical information is available upon request. Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve. The book, How to Change: The Science of Getting from Where You Are to Where You Want to Be, is not affiliated with, sponsored by, or endorsed by Charles Schwab a Co., Inc. (CSaCo.). Charles Schwab a Co., Inc. (CSaCo.) has not reviewed the book and makes no representations about its content. Investing involves risk including loss of principal. Past performance is no guarantee of future results and the opinions presented cannot be viewed as an indicator of future performance. (0621-11UK)