{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Which of Your "Money Scripts" Are Helpful vs. Hurtful? (E116)","description":"Today, Jesse is joined by Hanna Horvath\u2014Certified Financial Planner, managing editor at Bankrate, and author of the Your Brain on Money newsletter\u2014for a deep dive into the psychology behind our financial decisions and why money is never just about numbers. Together, they explore how unconscious \u201cmoney scripts\u201d formed in childhood shape lifelong habits, why emotional discipline matters more than willpower, and how anxiety shows up even for people who have \u201cwon the game\u201d financially. Hanna explains how retirement brings not just financial questions but also an identity shift, making purpose and values as important as portfolio allocation. They discuss strategies for reframing our relationship with volatility, using fire-drill style planning to prepare for downturns, and creating small gaps between emotions and actions to avoid costly mistakes. Throughout, Jesse and Hanna remind listeners that building lasting wealth is less about chasing fads or quick wins and more about cultivating awareness, resilience, and intentionality in both mindset and money. Key Takeaways: \u2022 Money is never just about math\u2014it\u2019s deeply tied to psychology, emotions, and unconscious beliefs. \u2022 Emotional discipline means creating space between feelings and actions, not trying to eliminate emotions altogether. \u2022 Retirement isn\u2019t just a financial transition\u2014it\u2019s a major identity shift that can create anxiety even for those who are financially prepared. \u2022 \u201cFire drills\u201d for your financial plan can prepare you emotionally and practically for downturns before they happen. \u2022 Social media and sensational financial headlines amplify fear, making discernment and discipline even more critical. \u2022 Retirement satisfaction depends on aligning money decisions with personal values, whether that means family, travel, community, or freedom. Key Timestamps: (00:00) \u2013 The Psychology of Money: Fads and Mimetic Desire (15:35) \u2013 The Hedonic Treadmill and Financial Contentment (21:41) \u2013 Understanding Behavioral Loss Tolerance (32:03) \u2013 The Spectrum of Risk Tolerance (38:51) \u2013 Money Scripts and Financial Behavior (42:33) \u2013 The Importance of Emotional Discipline (47:31) \u2013 Identity Shift in Retirement (01:04:53) \u2013 DIY Investing and Self-Compassion Key Topics Discussed: The Best Interest, Jesse Cramer, Wealth Management Rochester NY, Financial Planning for Families, Fiduciary Financial Advisor, Comprehensive Financial Planning, Retirement Planning Advice, Tax-Efficient Investing, Risk Management for Investors, Generational Wealth Transfer Planning, Financial Strategies for High Earners, Personal Finance for Entrepreneurs, Behavioral Finance Insights, Asset Allocation Strategies, Advanced Estate Planning Techniques Mentions: Website: https:\/\/yourbrainonmoney.substack.com\/ LinkedIn: https:\/\/www.linkedin.com\/in\/hanna-riley-horvath\/ Mentions: https:\/\/bestinterest.blog\/fad\/ https:\/\/bestinterest.blog\/eat-drink-and-be-content\/ https:\/\/bestinterest.blog\/behavioral-loss-tolerance\/ More of The Best Interest: Check out the Best Interest Blog at https:\/\/bestinterest.blog\/ Contact me at jesse@bestinterest.blog Consider working with me at https:\/\/bestinterest.blog\/work\/ The Best Interest Podcast is a personal podcast meant for education and entertainment. It should not be taken as financial advice, and is not prescriptive of your financial situation.   ","author_name":"Personal Finance for Long-Term Investors","author_url":"https:\/\/bestinterest.blog","html":"