How Vanguard's website (and roboadvisors) cost America billions of dollars


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By Travis Hornsby. 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.

Most people are committing financial sins of omission — not doing things because they’re too complicated. In this episode, see how anything from bad website designs to having too many options can cause financial inertia — and how setting up automatic plans can help.

In today’s episode, you'll find out:

  • How is Vanguard’s website design costing people money
  • Why people use robo-advisers instead of companies like Vanguard
  • Why developing the habit of investing is important
  • How a “nudge” works in finances
  • How student loans could be more simple to deal with
  • What financial sins of omission might you be committing right now
  • How the economy shifting pushed people to start investing
  • Why automatic financial plans are so important
  • How to avoid having complexity cost you money
  • How schools convince people to borrow so much money
  • Examples of people unable to handle so many financial options
  • Is taking time off from Public Service Loan Forgiveness OK?
  • How alternative documentation of income works
  • Why it’s important to not let student loans dictate your life
  • Refinancing rates are lower than they’ve been in a long time
  • Why you should book a student loan consultation now
  • Why you should apply for the Student Loan Planner scholarship

Full show notes at:

46 episodes