173 Three Mental Models for making better decisions
Release Date: 04/11/2023
192: The Soul of Wealth, with Daniel Crosby
The Retirement Café Podcast
Dr. Daniel Crosby is a psychologist, behavioural finance expert, and New York Times bestselling author, who joins me to discuss his latest book, The Soul of Wealth. Dr. Crosby, known for his groundbreaking insights into how psychological factors influence financial decisions, shares how his book explores the balance between monetary wealth and what he calls "soulful wealth"—the richness found in relationships, health, and personal fulfilment. With 50 short, actionable essays, The Soul of Wealth serves as a practical guide for those looking to rethink their relationship with money and...
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191: The Three Domains of Freedom - A Deep Dive with George Kinder
The Retirement Café Podcast
George Kinder is a friend, mentor and widely recognised as the Father of the Financial Life Planning movement. For over 30 years, George has trained thousands of financial advisers from 30 countries in life planning, which enables them to help deliver freedom into their clients’ lives. George has published seven books, and central to most is this concept of freedom. His most recent book The Three Domains of Freedom sets out to empower readers to experience profound freedoms in their own lives and bring about positive change to our civilisation as a result. In our conversation we explore the...
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190: A Retirement Well Spent - Lessons from 4,000 Weeks with Oliver Burkeman
The Retirement Café Podcast
I'm thrilled to have with us a guest whose work has profoundly shaped the way we think about time, productivity, and living a meaningful life. Oliver Burkeman is a renowned British journalist, author, and former columnist for The Guardian, best known for his groundbreaking book 4,000 Weeks, Time Management for Mortals. I loved this book and am honoured that Oliver joined me to share his story and research, and to introduce his latest book, Meditations for Mortals - Four Weeks to Embrace Your Limitations and Make More Time for What Counts, which has sparked a global conversation about the...
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189: Embrace Ageing with the Retirement Rebel
The Retirement Café Podcast
Approaching retirement and frustrated with her job, Siobhan Daniels made a big decision: to start living life on her own terms. Rather than feeling broken, voiceless and hiding from life’s challenges, she took early retirement, swapped her possessions for a motorhome, and drove off to find them. Since that day five years ago, Siobhan has published a book she called Retirement Rebel: One woman, one motorhome, one great big adventure - an honest and uplifting story of how one woman stepped off the merry-go-round of life. Through her podcast, public speaking and book Siobhan is keen to show...
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188: Annuities Unpacked - Securing Your Retirement in Today’s Economy
The Retirement Café Podcast
Today, we're diving into the perplexing topic of why more people don’t buy annuities to provide a guaranteed income in retirement, and who better to have this conversation with than Billy Burrows. Billy is a highly regarded financial adviser with over 30 years’ experience and founder of the Retirement Planning Project which aims to make it easier for people to get information and help on all aspects of retirement planning. In our conversation Billy and I explore some of the reasons that deter potential annuity buyers from securing their retirement income, explain mortality drag...
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187: The Retirement Café Podcast – My Care Hub: Revolutionising Care Planning and Support
The Retirement Café Podcast
I’m delighted to welcome back Jacqueline Berry, a regular guest celebrated for her passion for making the UK's care system easier to navigate. Jacqueline is the founding director of My Care Consultant, a market-leader in helping people navigate the care system, and she is a fountain of knowledge in all things care related. in episode 40 she explained the fundamentals of the UK care system and returned in episode 154 to share tips on how to apply successfully for NHS Continuing Healthcare. Well, she's back with exciting news about her latest venture, My Care Hub. Imagine having a...
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The Retirement Café Podcast – 186: Thinking your way to lasting health, with Professor Ellen Langer
The Retirement Café Podcast
Do you believe you can heal faster just by tricking your brain? Could you lose weight with only a change of mindset? Could you think yourself into being younger? Can the power of your thoughts defy ageing? In short, have you ever wondered if you could improve your health by harnessing the power of your mind? When it comes to our health, too many of us feel trapped by a medical diagnosis, believing that it can only mean a static or worsening condition. Whether it is stiff knees, frayed nerves or failing eyesight, your mind can lead you to believe things will only get worse. But this...
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185: The Retirement Café Podcast – How to be Happy Ever After, with Professor Paul Dolan
The Retirement Café Podcast
Hello and welcome – today I have the pleasure of sharing a fascinating conversation I had with Professor Paul Dolan – who’s maybe better known as the Professor of Happiness. Paul is a behavioural scientist, advisor to the government and currently Professor of Behavioural Science at the London School of Economics and Political Science. He’s published 41 peer reviewed articles and been cited more than 32,000. Paul has certainly made the science of happiness his business. You may well have read one of his two best-selling books. The first is called ‘Happiness by Design’...
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184: Pete Matthew fires the questions: Introducing ‘The Retirement Café Handbook‘
The Retirement Café Podcast
📘 My new book The Retirement Café Handbook - Nine Accelerators for a Successful Retirement, is out now! Get ready for a format twist this week on the podcast as I switch roles from host to guest. I'm absolutely thrilled to introduce none other than the incredible Pete Matthew, a dear friend and fellow Chartered Financial Planner, who's taking the reins as my guest host. Now, if the world of personal finance sets your heart racing, then Pete Matthew needs no introduction. He's the mastermind behind the ground-breaking Meaningful Money podcast, a powerhouse with over 500 episodes under its...
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183 A Taster of ‘The Retirement Café Handbook’, with Rory Sutherland
The Retirement Café Podcast
📘 The wait is finally over! My much-anticipated book, The Retirement Café Handbook - Nine Accelerators for a Successful Retirement, is now available to pre-order on Amazon! To explore some of the key themes I am bringing back to the podcast a true maestro of understanding human behaviour and the mind-bending world of advertising - none other than Rory Sutherland, the ingenious UK Vice Chairman of Ogilvy, a global advertising powerhouse that needs no introduction. Hold onto your headphones, because Rory isn't just an advertising titan – he's a TED Talk sensation! Imagine captivating the...
info_outlineI want to help my clients make the best possible decisions about their financial future, so over the years I’ve done a lot of research into how to make smart decisions. I’d like to share some of the insight I’ve gathered in this podcast.
The topic of decision making is vast, so I’m going to focus on one specific set of tools which I feel are incredibly powerful – that’s Mental Models.
I first came across Mental Models from Warren Buffet and Charlie Munger of Berkshire Hathaway fame. I share a story of Charlie using one of the models I share in this episode as far back as 1943, that of Inversion. The pair are renowned for using Mental Models to inform their decisions about which companies to invest in.
Mental Models are powerful tools that can help us make better decisions and navigate complex situations, as they provide a framework for understanding the world around us.
In this episode Kathy and I share three models: Inversion, Backcasting and Compounding, and how you can apply them to the decisions you make everyday.