Bronwyn Bruce

It's friends, family, and then influencers or people who are perceived as experts.

So I'm looking at – I'm going to lose you all here.

Go for it.

So self-efficacy is basically the belief that you can achieve a task.

And it's gained in four ways.

And this is according to psychologist Albert Bandura.

I'm looking at two of them.

So the two I'm looking at are verbal persuasion.

That's someone like cheers you on or tells you about something that they've done.

And you go, I can do that.

Correct.

That is verbal persuasion.

And then vicarious experience is when you see someone do something and you're like, oh, they did that.

Yeah, exactly.

And then on the flip side of that, I'm also getting a few examples of negative vicarious experiences.

So that's where someone did something and it was terrible or it went horribly wrong in a financial sense and they're like, I never want to do that so I'll make sure I don't because I'm going to take these steps to stop it.

Yeah, but then on the flip of that, you then maybe talk to someone else who you trust that can give you advice or something like that.

Yeah.

So this is what I'm learning.

I think, yes.