The Financial Diet

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

: 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