Show 104 Mindset > Math in Money with Scott Fritz
In this episode, I discuss behavior finance or the greater importance of how you act over the numbers with Scott Fritz
12/10/20251 min read
In this episode Scott Fritz, the co-author of the TLDR pensions Pennsylvania book, and I discuss why your behavior matters more than the math when it comes to personal finance. Too many people discuss the mathematically optimal choice, but that leaves out the human element. It is mathematically optimal, for example, to work overtime constantly to achieve the highest networth, but what if you spend it all? Getting your behavior right makes a bigger difference in our overall growth than just the math. Listen in to find out more.
Show Notes
The Richest Man in Babylon (affiliate)
Open an account with Fidelity (affiliate)
Aubry from Open Path Financial on the adjusting in retirement
https://fritz-financial.square.site/
Recommended Books (Amazon Affiliate Links)
Your Money or Your Life by Joe Dominguez and Vicki Robin
Key Ideas
Your money story explains your money behavior—name it to change it.
Automation beats motivation every time.
Diversification gives you freedom and flexibility later.
Understanding your pension is essential to long-term planning.
You don’t need to “obsess” over money—just build the right systems.
Bonus Tip
Here is a bonus tip I didn't get to in the episode.
One thing we didn’t discuss deeply in this episode is that your behavior matters more than the math because money is secondary to purpose and meaning. If your purpose becomes money, and your behavior is only about getting more of it, then you’ll alienate the things that matter most in your life. That isn’t worth any amount of money.