The Financial Diet

4 Ways Our Brains Sabotage Our Finances, & How To Fix Them (2021x9)

Air date: Jan 14, 2021

In this episode, Chelsea shows us the specific ways our brains are wired to work against us when it comes to money, and how we can counteract our self-sabotaging money tendencies. Based on an article by Sarah Doyel: https://thefinancialdiet.com/4-ways-to-outsmart-your-brain-when-it-comes-to-money/ Temporal discounting: https://www.behavioraleconomics.com/resources/mini-encyclopedia-of-be/time-temporal-discounting/ Confirmation bias: https://thefinancialdiet.com/confirmation-bias-sabotaging-finances-without-you-realizing-it/ Post-purchase rationalization: https://medium.com/@michaelgearon/cognitive-biases-post-purchase-rationalisation-41056287eeb9 Anchoring bias: https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/anchoring-bias/ Watch more of The Financial Diet hosted by Chelsea Fagan here: https://www.youtube.com/playlist?list=PLD30V46E07RR99cC0gCjKUbt-BKoDUcnc The Financial Diet site: http://www.thefinancialdiet.com Facebook: https://www.facebook.com/thefinancialdiet Twitter: https://twitter.com/TFDiet Instagram: https://www.instagram.com/thefinancialdiet/?hl=en