welcome
GOBankingRates

GOBankingRates

Business

Business & Economics

Being smart can put you at a greater risk of making poor money decisions, according to financial YouTuber Humphrey Yang

GOBankingRates
Summary
Nutrition label

59% Informative

Financial YouTuber Humphrey Yang explains three biases that often trap smart people into making money decisions that leave them poor.

Confirmation bias is when you believe what a person — like a CEO, celebrity or financial advisor — says because of their high influence or position.

Being overconfident might also lead you to not diversify your money enough and risk major losses.

VR Score

42

Informative language

33

Neutral language

59

Article tone

informal

Language

English

Language complexity

52

Offensive language

possibly offensive

Hate speech

not hateful

Attention-grabbing headline

detected

Known propaganda techniques

not detected

Time-value

long-living

External references

13

https://secure.money.com/pr/ddeccd58da84?s1=POM&s2=Verticalhttps://www.youtube.com/watch?v=xkgPwJru6-khttps://www.gobankingrates.com/money/wealth/im-a-financial-advisor-bad-money-habits-leave-people-broke-fastest/?hyperlink_type=manual&utm_term=incontent_link_4&utm_campaign=1307624&utm_source=yahoo.com&utm_content=7&utm_medium=rsshttps://www.gobankingrates.com/investing/stocks/investing-experts-tech-stocks-could-be-next-apple/?hyperlink_type=manual&utm_term=incontent_link_5&utm_campaign=1307624&utm_source=yahoo.com&utm_content=8&utm_medium=rsshttps://www.gobankingrates.com/money/financial-planning/im-a-financial-planner-ways-lack-of-financial-literacy-is-costing-you-every-month/?hyperlink_type=manual&utm_term=incontent_link_1&utm_campaign=1307624&utm_source=yahoo.com&utm_content=1&utm_medium=rsshttps://secure.money.com/pr/m3200b054b75?s1=POM&s2=Verticalhttps://secure.money.com/pr/se48daba8eb6?s1=POM&s2=Verticalhttps://gflec.org/initiatives/personal-finance-index/https://www.gobankingrates.com/money/making-money/what-can-i-donate-to-make-money/?hyperlink_type=manual&utm_term=related_link_3&utm_campaign=1307624&utm_source=yahoo.com&utm_content=6&utm_medium=rsshttps://www.gobankingrates.com/money/financial-planning/dave-ramseys-key-moves-to-overhaul-your-financial-future/?hyperlink_type=manual&utm_term=incontent_link_3&utm_campaign=1307624&utm_source=yahoo.com&utm_content=5&utm_medium=rsshttps://www.gobankingrates.com/money/wealth/minimum-salary-required-to-be-considered-upper-class-2025/?hyperlink_type=manual&utm_term=related_link_2&utm_campaign=1307624&utm_source=yahoo.com&utm_content=3&utm_medium=rsshttps://www.gobankingrates.com/money/economy/how-much-money-is-in-the-world/?hyperlink_type=manual&utm_term=incontent_link_2&utm_campaign=1307624&utm_source=yahoo.com&utm_content=4&utm_medium=rsshttps://www.gobankingrates.com/money/side-gigs/get-paid-to-watch-videos/?hyperlink_type=manual&utm_term=related_link_1&utm_campaign=1307624&utm_source=yahoo.com&utm_content=2&utm_medium=rss

Affiliate links

no affiliate links