Ambient Emotions and Financial Decisions

by Lance Gunkel, CFP®, CFA, Managing Director | December 16, 2020

Duration: 2:19

Show Notes

Events in our lives (health scares, work stress, family issues, global pandemic, etc.) create ambient emotions or background feelings that can be easy to ignore. Syverson Strege’s Managing Director Lance Gunkel explains how these emotions may influence our financial decisions.

Lance also explains why you should pay attention to your ambient emotions and how the ranking of the top three emotions (fear, anger, sadness) can indicate which emotion will affect your decision making. Lance gives examples of how each emotion can affect a specific financial decision and how to avoid the pitfalls of ambient emotions.

Lance says, “Our feelings may change, but their impact on our financial lives may have a lasting effect.”

Finance Moment…Syverson Strege’s mini-podcasts to provide rapid-fire information on financial topics of the day.