#155 | How Do Consultants Help People To Make Better Wealth Decisions? - Financial Literacy, Financial Advisors & Wealth

Have you ever wondered how your social circles and online communities influence your financial decisions—without you even realizing it?In a world where personal connections are shifting post-COVID, many investors are unknowingly making decisions based on advice from online communities rather than trusted financial experts.This episode dives into a ground breaking study on how social influence, gender dynamics, and trust impact the way we manage money.In this episode, you will:1) Discover how online communities are shaping financial decisions—often leading to risky behavior.2) Understand why women investors are more loyal and better clients—and how financial advisors are missing out.3) Learn the crucial steps advisors and institutions must take to build trust and stay relevant in the digital age.Don't let hidden biases and online echo chambers control your financial future—tune in now to uncover the truth behind financial decision-making! 🎧To visit John's websiteThe podcast delves into behavioral economics and personal finance, offering expert financial advice on managing money, investing, and navigating the stock market, while highlighting common blind spots of financial advisors to help you make better decisions for retirement and overall wealth management.