Month: August 2026
Are Your Emotions Affecting Your Investment Decisions? Ft. Michael Boyle (Ep. 10)

Are Your Emotions Affecting Your Investment Decisions? Ft. Michael Boyle (Ep. 10)

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Are fear, regret, or attachment influencing your investment decisions? For long-term investors, avoiding emotional investing mistakes can be just as important as understanding the investments themselves.

In this episode, Eric Lee speaks with Michael Boyle, CFP®, Wealth Manager at Purple Wealth, about how emotions affect investment decisions. Drawing from more than 400 client meetings, Michael shares why investors sometimes hold investments that no longer fit their financial plan. Eric and Michael explain how the overnight test can reveal emotional attachment and why a positive investment outcome doesn’t always mean the original decision was sound. They also explore investing versus speculating and why market volatility isn’t the same as realizing an investment loss. The conversation examines how inflation can reduce your purchasing power even when the dollar amount in your account remains unchanged, along with why reacting to financial news can interfere with a long-term investment strategy.

Eric and Michael discuss:

  • How the overnight test can reveal emotional attachment to an investment
  • Why a positive outcome doesn’t always come from a sound investment decision
  • How market volatility differs from realizing an investment loss
  • Why inflation, safety, and certainty depend on your financial time horizon
  • And more!

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About Our Guest:

Michael Boyle, CFP®, is a Wealth Manager at Purple Wealth, LLC. Over the past two and a half years, he has participated in more than 400 client meetings, where he has developed a deep appreciation for the role emotions play in financial decision-making. In this conversation, Michael shares practical insights on emotional investing, the difference between investing and speculating, market volatility, inflation, and how investors can make more thoughtful long-term financial decisions.

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Where Will Your Money Go? The Four Destinations of Wealth (Ep. 9)

Where Will Your Money Go? The Four Destinations of Wealth (Ep. 9)

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What do you want your money to accomplish before it leaves you? Building wealth is only part of the story. The harder question is deciding how to use it with intention.

In this episode, Eric Lee explains why every dollar eventually reaches one of four destinations: you spend it, give it, leave it, or lose it. He explains why many business owners and successful families become skilled at accumulating wealth yet struggle to use it to improve their lives. Eric also reframes spending as turning money into meaningful experiences, time, health, and memories. He explores how thoughtful charitable planning can increase the impact of giving and reduce unnecessary taxes in certain situations. The conversation also looks at legacy planning, family communication, ethical wills, and the quiet financial losses that can build over time. Ultimately, Eric encourages listeners to move beyond wealth management and think more intentionally about stewardship.

Eric discusses:

  • Why successful people can struggle to spend the money they’ve worked hard to build
  • How spending, giving, leaving, and losing create a practical framework for financial decisions
  • Why money has little value until it improves your life or someone else’s
  • How planning can support charitable giving, family legacy, and the prevention of unnecessary losses 
  • And more!

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