From a trader on Wall Street to a financial advisor with her own firm, our guest today, Jill Schlesinger, has accumulated a lifetime of knowledge in the investing and financial world. Today she is a household name and well-known media personality, appearing on a variety of CBS shows and hosting her own podcast called Jill on Money. But she is far more than an investment expert: she also has a ton of insight into people’s emotional and psychological responses to money, sharing with listeners those areas that people tend to struggle with most when it comes to their financial lives. Jill also weighs in on the current talk about the inverted yield curve and the coming recession and gives her educated opinion about money in marriage, DIY investing, robo-advisors, buying versus renting and the FIRE movement. Be sure to join in our conversation! Key Points From This Episode: 3:33 Common blind spots that cause smart people to make poor financial decisions. 5:09 Starting off as a trader and learning how different trading and investing are. 8:11 A balanced perspective on the inverted yield curve and the predicted recession. 12:10 Understanding that investing is half science, half art. 17:06 Couples who think differently about money and teaching the younger generation. 21:11 Weighing up DIY investing and acquiring the services of a financial advisor. 25:46 Robo-advisors and the mass democratization of financial management. 28:26 Thoughts on whether to buy or rent a home and the FIRE Movement. 35:50 Interviewing Julie Andrews and a perspective on what it means to be successful. Books From Today’s Episode: Marriageology - https://amzn.to/2z6WTlA The Dumb Things Smart People Do With Their Money: Thirteen Ways to Right Your Financial Wrongs - https://amzn.to/3eLW2G7 Links From Today’s Episode: Rational Reminder Website - https://rationalreminder.ca/podcast/67 Jill Schlesinger — https://www.jillonmoney.com/ Jill Schlesinger on Twitter — https://twitter.com/jillonmoney CBS News — https://www.cbsnews.com/ Brown University — https://www.brown.edu/ CFP Board — https://www.cfp.net/ Warren Buffett — https://www.forbes.com/profile/warren-buffett/ Belinda Luscombe on Twitter — https://twitter.com/luscombeland?lang=en Time — https://time.com/ Bank of America — https://www.bankofamerica.com/ Merrill Lynch — https://www.ml.com/ RBC — http://www.rbcroyalbank.com/ Charles Schwab — https://www.schwab.com/ Michael Lewis — http://michaellewiswrites.com/ Howard Marks — https://www.oaktreecapital.com/ Julie Andrews on Twitter — https://twitter.com/JulieAndrews You can find the Rational Reminder podcast on 🍏 Apple Podcasts: https://podcasts.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582?mt=2 🎤 Spotify Podcasts: https://open.spotify.com/show/6RHWTH9iW7hdnA7eAg7ukO?si=hjZNfLKuSjSeWX38GPqhVA 🕵️‍♂️ Google Podcasts: https://podcasts.google.com/?feed=aHR0cHM6Ly9yYXRpb25hbHJlbWluZGVyLmxpYnN5bi5jb20vcnNz as well as on all major podcatchers You can follow Cameron Passmore and Ben Felix on Twitter: ➡️ https://twitter.com/CameronPassmore ➡️ https://twitter.com/benjaminwfelix Check out Ben's YouTube channel. 📺 https://www.youtube.com/benfelixcsi Catch up on the latest in wealth management and investing insights from the Passmore-Felix Team at PWL Capital. https://www.pwlcapital.com/teams/passmore-felix/?utm_source=youtube&utm_medium=copy&utm_campaign=rr&utm_content=rrvideo The Rational Reminder is presented as an educational resource and should not be construed as individualized investment advice, nor as a recommendation to buy or sell specific securities. The funds and portfolios discussed are examples only and may not be appropriate for your individual circumstances. #rationalreminder #investing #podcast