In this episode, I chat with Soon Yu about the surprising benefits of friction in managing our finances. We dive into how intentional friction, like saving habits and security measures such as double verification, can enhance our financial health by promoting discipline and protecting against fraud. Soon also points out the downsides of automation, like unmonitored spending, and the importance of keeping some manual processes to stay aware of our expenses.
We also discuss how friction in financial systems, like the concept of scarcity and complex tax codes, supports economic stability. Soon explains how brands like Apple use friction to create memorable customer experiences and how accreditation requirements ensure our financial advisors are trustworthy. Tune in to discover how a bit of friction can positively impact your financial well-being.
The Money Talking points for today’s episode are:
Find Soon Yu online at soonyu.com
Check out the website at moneytalkwithskylerfleming.com
Check out our free resources at moneytalkwithskylerfleming.com/resources
Email me at skyler@moneytalkwithskylerfleming.com
Watch the podcast on YouTube at youtube.com/@MoneyTalk.SkylerFleming
"Upbeat Forever" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0http://creativecommons.org/licenses/by/3.0/
Sign up for my newsletter: https://money-talk.kit.com/64cbd24b05
Schedule a free Money Talk at https://moneytalk.show/chat
Get your free Money Talk resources at https://moneytalk.show/resources
Sign up for a free trial with MyBudgetCoach and select me as your money coach: https://www.mybudgetcoach.com/coaches/skyler-fleming
Find even more Money Talk at moneytalk.show/quick-links
"Upbeat Forever" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 http://creativecommons.org/licenses/by/3.0/
Want to be a guest on Money Talk? Send Skyler Fleming a message on PodMatch, here: https://www.podmatch.com/hostdetailpreview/1636686037273x290834786321762400
