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Biases and your money

Becca Mathis, certified financial planner with Jeter Hrubala Wealth Strategies in Spartanburg, S.C.
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Becca Mathis, certified financial planner with Jeter Hrubala Wealth Strategies in Spartanburg, S.C.

Every decision we make, from choosing our morning coffee to how we manage our money, is influenced by what we know and what we don't. Often, we don't realize that subconscious biases shape the way we think and the way we make these decisions. Our next guest says that some of those common biases could be negatively affecting your financial behavior. Mike Switzer interviews Becca Mathis, a certified financial planner with Jeter Hrubala Wealth Strategies in Spartanburg, S.C.

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After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.