Dr. Tyler Rosier - Wired for Wealth
This week on Standard Deviations with Dr. Daniel Crosby, Dr. Crosby is joined by Dr. Tyler Rosier. Dr. J. Tyler Rosier is a board certified clinical neuropsychologist with specialized training in brain function, behavior, and the neurological mechanisms that drive human decision making. He has spent his career working at the intersection of how the brain works and why people do what they do, including in the financial lives of high earning professionals. He holds board certification through the American Board of Professional Neuropsychology (ABN) and is a diplomate of the American College of Lifestyle Medicine (DipACLM). His clinical work focuses on the cognitive and behavioral patterns that shape performance, decision making, and long term outcomes in driven, high achieving people. WIRED for Wealth is his first book.
Tune in to hear:
What did Dr. Rosier see in his clinical work that convinced him that the way in which people handle money is, at its core, partially a brain problem?
What does clinical neuropsychology add to the behavioral finance picture when we are trying to understand why people do what they do with money and why they can know the right thing but still fail to do the right thing?
What is one place where an underlying neurological mechanism gives birth to a behavior that a behavioral finance expert might flag and what should we do about this?
Why do money scripts have such staying power for us, even when we may become consciously aware of them?
What are some practical ways we can bring our money scripts to our awareness and are there some common money scripts we should be on the look out for?
Is this the kind of thing that people need a financial therapist, or a psychotherapist, to root out or can it just be done with selfwork and introspection?
Why are high-achievers still vulnerable to scarcity mindsets, even when it is so divergent from their present reality?
How can people apply Dr. Rosier’s “wired framework” and what is it exactly?
Once someone has woken up to previously unexamined money scripts, how can they sort of jam the signal when our wiring is so limbic and deep?
If someone were to design a financial environment that makes good decisions easy and bad decisions hard, what might this look like in particular?
What signals should investors look for that it’s time to take a step back or time to take a pause before making a decision?
What is it that creates the gap between the financial life we say we want and the financial life we lead?
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