Addicted to spending money you want to save? Here’s how to stop.
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About 40% of the things you do each day are habits. Because we don’t maintain conscious control over our habits, bad ones can be hard to break.
Habits are a way for our brain to utilize fewer resources to accomplish a task that we perform repetitively.
Many of our financial decisions are based on habits. So, to make better financial decisions, we need to cultivate good habits.
0:00 Making your habits visible to you
1:22 The neuroscience of habits
3:13 What bad and good habits do people have?
4:43 5 specific actions to build better habits
Watch on Bigthink.com ► https://bigthink.com/series/your-brain-on-money/bad-money-habits/
We created this video in partnership with @MillionStoriesMedia
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Sorry, is this a video about money or a Gucci ad?
Why would anyone in their right be saving money? So they can steal from you through inflation? If anything, invest it in not fiat
Change, brings, change.
Using the 50,30,20 principle is very unique..
the habit of that guy is speaking in x2 speed
The Elites spend it on 36 cars they don't need. I can't even buy a dark chocolate?
My money have this habit called inflation. They got so skilled, they call it hyperinflation now.
I tried to cure it with a new habit called investment, but the stock went down.
So now I own hyperinflated money and stocks. Thank you!
Valuable knowledge
I like BT , topics are interesting and the way of saying the topic is nice. But as an audience and a filmmaker, please use less emotional background music, which lower the neutrality and increase the brainwashing feeling 😅. Make things simple , please, and thank you for this good channel
"Accountability partner" helps in forming good habits and breaking bad ones.
Reference:
Atomic Habits,James Clear
This only matters for people that aren’t paid a livable wage.
watch the video at a speed lower that 1x (0:22)
i.e 0.75x
nice jordans
Best way to save money – buy less car than you need, buy less apartment/house than you need. You only have to try to save once when you sign the dotted line. You will not have to use any willpower whatsoever for the life of your car and home. You'll save so much that you can splurge on a mocha every now and then without guilt.
Trump spends how much in dark money on gold faucets?
Why do WE always have to tighten our belts because absolute scum keep screwing with our lives? 😠
Don’t spend it all, save some, it’s not complicated 😂
Atomic habits by james clear is an amazing book (and enjoyable to read) on the steps it takes to make and break habits
What's a habit you'd like to change?
Consistency and Hardwork is the keys to success $36,000 weekly from my $10,000 investment all thanks to Mrs Mary Lynn crawford.
DIY will save you a LOT of money. Instead of buying that latte, buy a mocha pot and create your favorite lattes before you even leave the house! Similarly, there are many things we can learn to do ourselves, esp. from FREE YouTube videos that cost much less. Remember: Starbucks is not even "real" coffee. I don't even go there anymore and have saved myself THOUSANDS of dollars.
😃
This why I don’t use a cart i only buy what my hands can hold
Lame. In the age of information, you have to choose to be ignorant. Please create content for the people that choose to be informed.
"Financial Therapists"? LMAO!
Hold my beer-
How to save money
Don’t spend it, starve, live on the street and die
Got it👍
feels like they did that guy kinda dirty with the subtitles lol, i understood him just fine
Thank you, Red Cardinal Kitchen Sonja and Christopher
Time before clap isn't best. Remove that segment .
“… moved from hacking computers to hacking brains.” Does that mean there is more in common with AI and humans than we like to accept? Are we humans more programmed or algorithmic than we like to think? If habits prove us automatons, what are the tests of intelligence, consciousness, creativity? Do we apply these tests equally to persons as we do other animals as we do AI?
Watching this video makes me realize that I don't have money to buy things, but at least now I know what to do if I got money.
"Opportunities don't happen, you create them." –Chris Grosser
❤️ the knowledge!
Change the title, its less attractive, try something like "change a habit that is hard wired"
Whoever edited this needs to break the habit of constantly flipping between close-ups and wide shots.
Really inspiring! Thankyou❤
I find it WEIRD that only Moran Cerf is subtitled when he speaks because he has a French accent. What’s with that? Was his enunciation so bad that you had to assist your viewers to understand him?
I really feel left aside hearing and seeing several testimonies from people on profits they make from Bitcoin/Forex Investment.. Can someone recommend a good expert that trade on my behalf and generate profit for me..
If any of you were interested in the habit side of things, like how they work, how they affect us and how to change them, I highly recommend 'The Power of Habit'. It's an insightful book and a really fun read.
I love to always find new way to save money.
"All big things come from small beginnings. The seed of every habit is a single, tiny decision. But as that decision is repeated, a habit sprouts and grows stronger. Roots entrench themselves and branches grow. The task of breaking a bad habit is like uprooting a powerful oak within us. And the task of building a good habit is like cultivating a delicate flower one day at a time.
Behaviour that is incongruent with the self will not last. You may want more money,but if your identity is someone who consumes rather than creates, then you will continuously be pulled towards spending rather than earning. You may want better health,but if you continue to prioritize comfort over accomplishment,you all be drawn to relaxing rather than training."
ATOMIC HABITS
-JAMES CLEAR
Big Think is one of the most greatest channel to ever exist and i can proudly say that. You guys go in to such great topics that help to develop a person.But there is one main flaw in how you present your videos. In todays work you need to express complex information in an easier and shorter manner but immediately when i click in your video one intelectual person shows up( no offense) and keeps on talking using complex word. You know one of the reasons why trump won is that he conveyed complex words in simple language and in a fun way. What you have is great concepts but boring execution. yOU Guys have a person who stands or sit infront of a white wall and keeps on talking. Try to make your concepts simpler and easier along with fun to understand.(love you)
compound interest? didn't they do away with that like 10 years ago?!?
Is big think available in spotify?
I used to order takeouts everyday. Now I shop for groceries once a month, and ended up spending 8.3% of what I used to spend on food when ordering via Deliveroo, in 2022 alone.