In this episode, we are lucky to have Michael Liersch in the studio. As head of Goals-Based Advice & Strategy at J.P. Morgan Asset & Wealth Management, Michael draws on principles of behavioral finance to help people understand their investing and spending behaviors and set—and reach—their financial goals. With a Ph.D. in Cognitive Psychology from the University of California and a B.A. in Economics from Harvard, Michael brings both qualitative and quantitative skills to bear. In his weekly podcast, My Next Move, Michael shares his insights and delves into actions that can help listeners strengthen their financial health. We learn how Michael and his team come up with ideas for his podcast, how big data factors into his research, and the proper allowance for kids. We cover all sorts of other fun and interesting topics and have a great time. This episode could have gone on forever but sadly we ran out of time. However, you can catch up on all of Michael's podcasts here. It is worth a listen.