SYSK Choice: Your Mindset About Money & How Looks Matter

It’s pretty clear that the placebo effect is a real thing even though we don’t understand it very well. This episode begins by exploring the reasons why what you believe about your health actually has an impact on your health and why believing you are healthy can actually make it so. Source: Howard Brody, M.D. author of “The Placebo Response” (https://amzn.to/2ZzmXzH) There are a lot of theories about what you should do with your money. For instance, most experts agree that paying off your mortgage early is a bad idea, yet many people feel great when they do it. So, who is right? It turns out it isn’t all in the math – it is also about how you think about your money. Here to discuss why your attitudes about money are just as important as the numbers is Morgan Housel. Morgan is a partner at the Collaborative Fund and has been a columnist for the Wall Street Journal and the Motley Fool. He is also author of the book The Psychology of Money (https://amzn.to/2Ftrrkb) Everyone has witnessed a time when an attractive person got preferential treatment. We all know that good looking people are more likely to get out of speeding ticket or get a good table at a crowded restaurant. Plus, attr…