LIsten and subscribe to Stocks In Translation on Apple Podcasts, Spotify, or wherever you find your favorite podcasts. Mental health and wellness is an integral part of everyone’s lives. In this episode of Stocks In Translation, Yahoo Finance markets and data editor Jared Blikre and producer Sydnee Fried sit down with Dr. Trillion Small, founder of the Trillion Institute, to discuss mental health, behavioral finance, and her career journey.
"Since COVID, it has honestly been a whirlwind of people becoming more aware that mental health issues are a real thing, and we need to become more intentional about focusing on it," Small explains. Small defines behavioral finance as "what happens inside my mind and in my heart when I think about money." "One of the biggest things that I like to talk about when talking about behavioral finance is your identity with money," Small said. "Essentially, what’s happening internally inside me based on my previous history impacts what I’m willing to do with my dollar today."
Small talks a bit about how adaptive behaviors can sometimes become maladaptive, identifying those who have struggled and faced hardships early on in their lives as some of the most vital entrepreneurs she knows. "Because you understand resilience, you understand grit, and you understand what it means to just … do best with what you have," Small said. "As an adult, if you continue what was once adaptive, great, because you don’t have money, you can’t go and be frivolous. But today, when you have money in the account and are still denying yourself basic needs or the simple pleasures of life, it becomes maladaptive."
Twice a week, Stocks In Translation cuts through the market mayhem, noisy numbers and hyperbole, giving you the information you need to make the right trade for your portfolio.
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