Your Favorite Financial Gurus Are Wrong

There's a lot of financial advice here on YouTube, but what if it's wrong? How can you know if what someone says is actually the truth? And what if everyone is wrong? What then?

In this video, I'm diving into two cognitive biases that are important to understand when listening to advice (especially the financial kind).

Big thanks to Nick Maggiulli (https://twitter.com/dollarsanddata) and his article that was the inspiration for this video: https://ofdollarsanddata.com/the-problem-with-most-financial-advice/

Quick Jump Sections
0:00 - Your favorite gurus are wrong
0:21 - Blue pill, red pill?
1:01 - Bias/Fallacy #1
4:13 - Bias/Fallacy #2
6:23 - What to do about it
8:10 - Advice that worked for me: https://youtu.be/LlqzgefuZlU

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Website: https://mappedoutmoney.com/
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