How To Avoid Decision Fatigue With Your Financial Plan

Do you ever stand in the cereal aisle and really look at it? At the endless sea of options, rows and rows of boxes with noisy colors standing at attention, vying for your attention? How do you choose? Should you get Fruit Loops or Fruity Pebbles? Maybe you should try Fruity Flakes, or maybe you should get Frosted Flakes, it’s been awhile since you’ve that particular sugar rush while having Tony the Tiger give you a thumbs-up at 7 o’clock in the morning.
Financial planning and investing is probably more complicated than breakfast cereal and you’re probably more inclined to suffer from decision fatigue when staring down the different decisions you have to make both when considering what you should invest in and how to think about planning your life decades in advance.
In the 20th episode of the Retirement Explained show, I talk about how you can use cutting edge research from philosophers and psychologists about the way we, as humans, make decisions, and how you can use that to make better and easier decisions whether you’re a do your financial planning yourself, or you work with a financial planner.