EP 178: Making Empowered Choices With Cheryl Strauss Einhorn

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Manage episode 241829749 series 1132024
By Jean Chatzky Her Money. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

One of the challenges we face when making decisions is that there can be an overwhelming number of choices — in work, with our finances, and in our personal lives. And when we start to second guess ourselves, it can make us feel disempowered.

This week, our guest is going to help us break down the entire decision-making process and help us gain the confidence we need when faced with life’s big “what to dos.” Cheryl Strauss Einhorn, well known from her many years on CNBC, is also the creator of the AREA Method which helps people solve complex problems when making such decisions. She's also an author and her most recent book is Investing in Financial Research: A Decision-Making System for Better Results.

Cheryl shares her method for decision-making and explains how research is fundamental to the process. She also dives into the concept of risk, and how we can feel more empowered when making choices and navigating the emotional aspects of big decisions.

Cheryl also tells us about her personal practice to increase daily productivity called “Cheetah Pauses” — and yes, it is based on real Cheetahs.

Then in this week’s mailbag, Jean and Kathryn tackle listener questions about helping a parent save for retirement when they’re new to the country, what to do when a child doesn’t qualify for a federal student grant or loan because the parents have a generous savings account, and getting out of debt after divorce. Plus, Thrive warns of the dangers of dating site fraud, and the scam artists who profit from it.

242 episodes