How to trick your brain into saving money | Your Brain on Money | Big Think

แชร์
ฝัง
  • เผยแพร่เมื่อ 4 ต.ค. 2024

ความคิดเห็น • 139

  • @Wong-Jack-Man
    @Wong-Jack-Man 3 ปีที่แล้ว +136

    Most practical advice I can give that worked for me. I deleted all my shopping apps and not on social media.
    Shopping apps = what should I buy that I don’t need.
    Social media = let me compare myself with others and keep up with the jones’s

    • @dailybikes668
      @dailybikes668 3 ปีที่แล้ว +6

      Amazing advice!!! But you need to have a lot of discipline to be able to delete these apps, luckily I tried and it did work for me

    • @DeepFriedHallelujah
      @DeepFriedHallelujah 3 ปีที่แล้ว +2

      This is valid. I am in major consumer debt and only last week did I ask myself the likelihood that I would have bought so much junk in credit were I not addictively online and thus constantly being marketed to in a way that targets my particular weak spots (hobbies, interests, etc.). Social media makes us think everyone else has so much more because it’s effectively a highlight reel. Little do our brains know, those people would buy less if they weren’t internally competing with still others. It’s insane.
      Just the other day I felt inadequate viewing photos of a friend’s vacation. I was burning with envy. Then I read their post that said that was their first vacation in 8 years and they spent 2 years saving up for it. At that point I realized that I’m being manipulated by the social media phenomenon.

    • @Wong-Jack-Man
      @Wong-Jack-Man 3 ปีที่แล้ว +3

      @@DeepFriedHallelujahMarketing is deeply embedded in the field of cognitive addiction similar to vegas. My only hobby expenditure is enjoying some cold ones at the local pub and saving for vacations and live a minimalist life. I get next to zero adds, I’m sure the AI systems have all but gave up in targeting me. Redirect your dopamine fix in other areas, tons of cheaper things to do with more intrinsic value.

    • @Salamantine
      @Salamantine 3 ปีที่แล้ว

      this is valid when you have too much money that you don t know what to do with them. I would like James to explain how you deleted your shopping apps to a third world poor bastard

    • @pouya3945
      @pouya3945 3 ปีที่แล้ว +1

      Self-illusion or thinking is like a transparent curtain that adds an extra layer of information to our vision, we see our thoughts but they do not exist in front of us! This is the human ability to see things that do not exist! The problem that occurs in humans is that, when the nervous system contracts, the thinking process automatically begins to think! And because most people have more or less nervous system contractions, they have this extra thought! And in the long run, these thoughts almost become an additional operating system, and it makes its own decisions! If the nervous system relaxes, this process of extra thought will automatically stop and the new human being can see the world as it is without disturbing the mind! After that, it can be understood that creation is predetermined from the beginning to the end day! As consciousness we only understand the life story, and the rest is out of our control!

  • @ViciousViscount
    @ViciousViscount 3 ปีที่แล้ว +40

    First I have to trick my brain into making money.

  • @austingergen
    @austingergen 3 ปีที่แล้ว +37

    This is mostly good. I feel like one of the things that needs to be consistently drilled into students in high school is opportunity cost. Once an individual realizes the reality of that idea, their life and decision-making opens up to them.

    • @xtopherxy
      @xtopherxy 2 ปีที่แล้ว

      Please explain

    • @shivamkumarshrivastava5182
      @shivamkumarshrivastava5182 ปีที่แล้ว

      ​@@xtopherxyOpportunity Cost means getting something at the cost of giving something else up.

  • @realscientistflanders1688
    @realscientistflanders1688 3 ปีที่แล้ว +6

    I've been saving for a rainy day and yesterday I finally bought 20 umbrellas and 40 cagoules.

    • @timkdiamond
      @timkdiamond ปีที่แล้ว

      Never go to the comments for advice. Except for this one... ;)

  • @existncdotcom5277
    @existncdotcom5277 3 ปีที่แล้ว +12

    Overall life satisfaction depends on balancing nearer and longer term benefits.

  • @avasophia2527
    @avasophia2527 2 ปีที่แล้ว +43

    Mrs Charlotte's is legit and her method works like magic I keep on earning every single week with her new strategy

    • @mottajr1776
      @mottajr1776 2 ปีที่แล้ว

      Who's this professional everyone is talking about I always see her post on top comment on every TH-cam video I watched

    • @mottajr1776
      @mottajr1776 2 ปีที่แล้ว

      I think I'm interested how can I get in touch with Mrs Charlottes

    • @anthonymax2516
      @anthonymax2516 2 ปีที่แล้ว

      Seeking for her contact details 👇

    • @anthonymax2516
      @anthonymax2516 2 ปีที่แล้ว

      Oh sure ±④④⑦③⑥⓪②④⑧⓪②⑦🌍

    • @anthonymax2516
      @anthonymax2516 2 ปีที่แล้ว

      Tell her I referred you 👆

  • @Dewsta26
    @Dewsta26 3 ปีที่แล้ว +5

    Wish this helped more. Basically "save money for when you're older". No shizzle Sherlock

  • @ToroMoto
    @ToroMoto 3 ปีที่แล้ว +7

    With hyperinflation looming, SPEND IT ALL NOW.

  • @pauloerto
    @pauloerto 2 ปีที่แล้ว +17

    I find it intriguing that people have so much difficulty to save. For me it's simple: what makes me save and invest as much as I can is the thought that possibly, in some 15 years from now, I'll be able to do whatever I want with my time and still be able to pay my bills.

    • @danieljankovic4700
      @danieljankovic4700 ปีที่แล้ว

      inflation?

    • @abexoxo
      @abexoxo ปีที่แล้ว +1

      if you don't save, you will have the time to do what you want NOW and pay your bills, with more energy than 15 years later.

  • @MCC4RTHY1
    @MCC4RTHY1 2 ปีที่แล้ว +4

    Oh. Very cool. I actually watched a pod with him and sandeep, it was super informative and I ended up buying two books. One for myself and one to share. I love his ideas on how the brain works and how to make it work for us. Very cool vid.

  • @AntonioSilva-ld4dq
    @AntonioSilva-ld4dq 3 ปีที่แล้ว +1

    I love when he says that he is trying to deploy in a couple of minutes 20 years of studying the brain.
    I think when i see my behaviour is not just my psycology, is also neuroscience and chemical reactions, and digestive system. Today i for example i ate a burger for breakfast with some spicy sauce that make me almost impossible to avoid searching instant gratification during the morning.
    Why is that? My stomach leading my thinking, my decision making.
    Other times im fine but honestly my habit is instant gratification like almost all my generation. So i need at least to train it. And change.
    Other times im nervous and buy a vitamin water with complex b and magnesium and suddendly im relax and patient, my chemical me expressing.
    So how many factors lead the outcome.
    Great video i took note the activities he considers key to work on my brain structure to be good on planning at long term.
    Good work

  • @Mugwart1
    @Mugwart1 3 ปีที่แล้ว +11

    This was a visually pretty, well assembled video with total horse-pucky for content.

  • @vangogh2486
    @vangogh2486 ปีที่แล้ว +1

    2:45 this is what i feel when i am aware or ultra focus my brain just focus on this side of my brain and i feel it. And when i have thinking too much outside of what i am doing the focus become at the middle and back side.

    • @Nomad1Capitalist
      @Nomad1Capitalist ปีที่แล้ว

      ᴛʜᴀɴᴋs ғᴏʀ🔝 ᴡᴀᴛᴄʜɪɴɢ
      Tell Max I link you to him for a business investment that will change your financial life.. ⬆️♥

  • @ritagreenwood9397
    @ritagreenwood9397 ปีที่แล้ว +1

    The smallest element of this video, I think for me made the biggest impact - I CAN literally save a £1 a day! Thinking too big is off-putting, but tiny manageable chunks is the way to go! ^^

  • @christ510
    @christ510 3 ปีที่แล้ว +5

    My girlfriend doesn't know how to save money. She spends it all.

    • @marikstongue5663
      @marikstongue5663 3 ปีที่แล้ว +1

      She'll be dragging you down by the ankle to the depths if things don't change. Good luck.

    • @truthbetold8233
      @truthbetold8233 3 ปีที่แล้ว +1

      Help her find a sugar daddy.

  • @anthonybates8568
    @anthonybates8568 3 ปีที่แล้ว +4

    Compound Interested and inflation will never let you save as much as you think you are saving. Try to invest. It will help more in the long-term.

  • @junevandermark952
    @junevandermark952 3 ปีที่แล้ว +1

    From the book … Mind Power … author … John Kehoe … We might be far more willing to learn how to use our mental mechanisms if we imagined for a moment that for every thought we either gained a dollar or lost a dollar, depending on the type of thought. Considering we think thousands of thoughts every day, this is quite a proposition. Imagine an accounting system noting our every thought and recording which ones gained us money and which ones lost us money. How diligent we would be in controlling and directing our thoughts. How enthusiastically we would create those thoughts which made us money, and how carefully we would avoid those which lost us money.

  • @johnb8854
    @johnb8854 3 ปีที่แล้ว +2

    FACT ! The more you think you have, the greater the suffering is, when the final whistle blows, and ALL is taken from you !

  • @holla_j
    @holla_j 3 ปีที่แล้ว +5

    The truth and the fact of the matter is that tomorrow doesn't exist! It's an imagination about what we think it could be like. In times of uncertainty, we will almost always choose to live in the now! Enjoy life today because tomorrow isn't promised. However, you can get rewards from today that will benefit you in the future that doesn't really cost a lot. It's called exercise, health and emotional well being. In doing so, you save money and improve your quality of life at the same time. 😁

  • @ryibmu
    @ryibmu 2 ปีที่แล้ว

    I wish it were longer 😞

  • @DouwedeJong
    @DouwedeJong 3 ปีที่แล้ว +2

    THIS INSTANT is the only answer.
    You need to learn how to use language.
    "You cannot be happy over time." - This sentence does not make sense.
    Happiness is a cookie your brain bakes for itself.
    This idea that the more you imagine it, you will realize it and the more motivated you will be. Is just pointing to an agency and not actually explaining how the brain works. I could also say: "The more you look at something, the better models your brain will make about it and you will have better predictions about the future of that model".

    • @WoodRabbitTaoist
      @WoodRabbitTaoist 3 ปีที่แล้ว

      Big Think is full of videos like this. A lot of circular and cliché talking but not much concrete advice or deep analysis.

  • @maithoughts
    @maithoughts 3 ปีที่แล้ว +1

    I would argue that saving money make sense for investments, then the investments will give you the income that you need when you retire. You can start little, if you have a backyard (or your parents have a backyard) you only need around 20 dollars to buy a fruit tree and plant it. If you can save more money you can buy a cheap lot of agricultural land that will probably increase its value over time. Those are simple examples, but there are many possibilities and many ways to save money through investments.

  • @Jessrobbie
    @Jessrobbie 3 ปีที่แล้ว +17

    It's pertinent to know that investment is essential to make more money. Right guys

    • @dennisj.flaugher3258
      @dennisj.flaugher3258 3 ปีที่แล้ว

      My greatest risk, got me huge money, After watching a motivational video on investment so I do invested in crypto, With the help of expert Mrs Galia Benartzi....

    • @kellylogan9872
      @kellylogan9872 3 ปีที่แล้ว +1

      who made profit for you I've been looking for a professional broker to trade with.

    • @baileyevans3228
      @baileyevans3228 3 ปีที่แล้ว +1

      @Clara Gregory yeah, you're correct

    • @johnsonsteve8774
      @johnsonsteve8774 3 ปีที่แล้ว

      @Selena Gordon how does Ms Galia help in trading?

    • @nevamorrismorris2640
      @nevamorrismorris2640 3 ปีที่แล้ว

      @Cody John Quite impressive gains, does this wealthy manager of yours with just anybody? Mind sharing some of her info (contact)? p cd

  • @heronimousbrapson863
    @heronimousbrapson863 3 ปีที่แล้ว +5

    The problem is, when we save money for our prosperity in the long run, we realize too late that in the long run, we're all dead.

  • @hannahca33
    @hannahca33 3 ปีที่แล้ว

    That app idea is genius! Wow.

  • @здоровыйдух-ю3ж
    @здоровыйдух-ю3ж 2 ปีที่แล้ว

    Many of us are avoiding long run effects and just trying to focus on their cravings

  • @jokerproduction
    @jokerproduction 3 ปีที่แล้ว +2

    I fucking hate money. You all know at some point in like 10K years we will overcome this and everyone will just have amazing lives. Either that or we're all done for. I don't see an alternate outcome.

  • @grimjowjaggerjak
    @grimjowjaggerjak 3 ปีที่แล้ว +2

    You can't save money if you don't have money 5Head

  • @importantname
    @importantname 3 ปีที่แล้ว +2

    Be born into a wealthy family = they will ensure that generating wealth is your prime motivator.

    • @deifor
      @deifor 3 ปีที่แล้ว

      Start your own tradition.

  • @AntonioSilva-ld4dq
    @AntonioSilva-ld4dq 3 ปีที่แล้ว

    When i was a kid i use the weekends after eating empanadas to wash cars, not from uknown people rather from my uncles. And i took the effort several times in compute how much money would i have if i save some of it when i were 30. Was a lot. Sadly i spend it all. Lesson number one save money.

  • @cruxunbreakable
    @cruxunbreakable 3 ปีที่แล้ว

    It's more about how the family structure works in a society than individual psychology. It has nothing to do with brain. Depends on how strong family bonds are in a society.

    • @moonshoes11
      @moonshoes11 3 ปีที่แล้ว

      Don’t those bonds reside in the brain though?

  • @UnratedPlayer21
    @UnratedPlayer21 3 ปีที่แล้ว +1

    good quality video, but really superficial advice

  • @steverino6954
    @steverino6954 3 ปีที่แล้ว +2

    Almost six minutes for "Picture yourself old," and "Start putting money away."

    • @WoodRabbitTaoist
      @WoodRabbitTaoist 3 ปีที่แล้ว +2

      I agree. There really wasn't much useful in this video. It was mainly a bunch of chatter with not much useful tips. The only real concrete thing I got from this video is "saving one dollar a day is better than saving nothing."

    • @nationalhamleague5352
      @nationalhamleague5352 3 ปีที่แล้ว +1

      @@WoodRabbitTaoist yeah lmao. That definitely is a good tip that a very little amount is better than nothing. But the rest was just a lot of inspirational music with montage

  • @qhyumi9863
    @qhyumi9863 3 ปีที่แล้ว

    My brain taking notes

  • @user-cv1jb9xv2p
    @user-cv1jb9xv2p 3 ปีที่แล้ว +1

    0:52 happiness doesn't depend on money a lot, very little yes but not lot. And a human can be very very happy, ecstatic with very less money also

  • @russellkasprzyk4934
    @russellkasprzyk4934 2 ปีที่แล้ว

    This is the video I needed lol…I will buy the boat

  • @avarmauk
    @avarmauk 3 ปีที่แล้ว

    Why save when inflation is expected to 5-10%?

  • @punchyMiddleEarth
    @punchyMiddleEarth 2 ปีที่แล้ว

    I'm in my 30's and it occurred to me, why should I wait until I'm old before I can retire? Why not live life now like I am retired, why wait until I'm too old to live life? Why waste my life trying to get to retirement when I can live that life now?
    A bit over a year ago, I did make the decision to retire, I wish I did it earlier.

    • @AllTheArtsy
      @AllTheArtsy ปีที่แล้ว

      Retirement means you are no longer working. You cannot "live life now" without making any income unless you have someone else willing to pay for your life.

  • @ManMountainManX
    @ManMountainManX 2 ปีที่แล้ว +1

    TY.
    /

    • @Nomad1Capitalist
      @Nomad1Capitalist ปีที่แล้ว

      DMText Max an expert for more infor ✍️

  • @Geechee-Man
    @Geechee-Man 3 ปีที่แล้ว +1

    The power of imagination, got it

  • @gaillewis5472
    @gaillewis5472 3 ปีที่แล้ว +1

    Plan for retirement as well as medical necessities. Young people think they will never get sick or injured. Even with good insurance that 80/20 will take a bite out of savings.

    • @RS-us1mn
      @RS-us1mn 3 ปีที่แล้ว

      Or move to a country where good health insurance means it covers 100% and is free for all (/paid by everyone equally through a health tax)

  • @enieh112
    @enieh112 3 ปีที่แล้ว +3

    So... Get an app to digitally age your face so its easier to imagine yourself as old. Potential to work, but not very likely.

  • @adcaptandumvulgus4252
    @adcaptandumvulgus4252 3 ปีที่แล้ว

    why save when inflation is out pacing saving, i disagree. 2 ¢

  • @abdoaldwaib4998
    @abdoaldwaib4998 3 ปีที่แล้ว

    I wonder what is our brain thinking when we give charity?
    What do we imagine in the future? And what do we expect?

  • @Jordan-pf9ws
    @Jordan-pf9ws 3 ปีที่แล้ว

    I wish this was my problem lol

  • @JamesEscobar
    @JamesEscobar 3 ปีที่แล้ว

    Atomic DUH!

  • @izaadh328
    @izaadh328 3 ปีที่แล้ว

    Why we should save money while they print..

  • @aster5031
    @aster5031 3 ปีที่แล้ว

    10/10

  • @kentondragon9263
    @kentondragon9263 ปีที่แล้ว

    I'll go out on a limb and surmize, that ppl on a weight loss journey, disciplined workout and eating, would be better at saving? 🤔..fact most ppl don't wanna be honest with themselves. 🤷‍♂️

  • @alsaba5203
    @alsaba5203 3 ปีที่แล้ว +1

    Future?
    Seriously? What future?
    Biology tells : You have to believe to survive .( whatever can be - whatever = religion, politics, american dream, fidelity of wifes ,immorality , life after death, greener weeds...)
    On the other hand. Poor block knows something : eat chocolate and buy lottery tickets - isn't a american dream?
    And a winner is...not You.
    Maybe one day meet some old man would tell me " all my life I was saving and look around still the same slums "
    Get it or don't .
    One said : only two problems about money - too much or too less.
    I prefer too less, at least I would not to loose contac with reality and start selling recipe of future .
    look around you , hard to see
    Future?

  • @mooodswings
    @mooodswings ปีที่แล้ว +1

    wow! So you're saying we can intervene and tune the brain's chemical substances thus change a behaviour or a false perception? You, my friend, have just discovered the psychiatric drugs. Bravo

    • @Nomad1Capitalist
      @Nomad1Capitalist ปีที่แล้ว

      ᴛʜᴀɴᴋs ғᴏʀ🔝 ᴡᴀᴛᴄʜɪɴɢ
      Tell Max I link you to him for a business investment that will change your financial life.. ♥

  • @Abdullah99772
    @Abdullah99772 ปีที่แล้ว

    AI got me on this video, and this is crazy

  • @BigShawnda
    @BigShawnda 2 ปีที่แล้ว

    We spend money to impress people we don't even like

  • @abytebit
    @abytebit 3 ปีที่แล้ว

    So, donation must be the stupidest thing if you were thinking about saving money.

  • @beesplaining1882
    @beesplaining1882 3 ปีที่แล้ว +2

    These same human thinking tendencies explain why many of us choose to ignore climate change.

    • @williamle-ed2nk
      @williamle-ed2nk 3 ปีที่แล้ว

      Same type of people who vote for democrats.

    • @beesplaining1882
      @beesplaining1882 3 ปีที่แล้ว

      @@williamle-ed2nk ok. I would have thought it was more likely to be Republicans.

    • @williamle-ed2nk
      @williamle-ed2nk 3 ปีที่แล้ว

      @@beesplaining1882 Republicans vote for democrats?

    • @beesplaining1882
      @beesplaining1882 3 ปีที่แล้ว

      @@williamle-ed2nk no, ignore science.

    • @williamle-ed2nk
      @williamle-ed2nk 3 ปีที่แล้ว

      @@beesplaining1882 But science says humans are responsible for climate change? Why would I ignore that?

  • @WoodRabbitTaoist
    @WoodRabbitTaoist 3 ปีที่แล้ว +1

    Big Think is full of videos like this. A lot of circular and cliché talking but not much concrete advice or deep analysis.
    Overall not very useful. The only thing I got out of this video that was any use to me is "saving one dollar a day is better than saving nothing", but I already knew this concept.

  • @philsbootleg
    @philsbootleg 2 ปีที่แล้ว

    I saved my money but then I got scammed for all my money. Good thing I saved it all tho right?? Police can’t do anything about phone scams so I’m basically back to square 1

  • @user-cv1jb9xv2p
    @user-cv1jb9xv2p 3 ปีที่แล้ว +2

    Trick to save money - think smart, wise and lovingly

  • @MrLazini
    @MrLazini 3 ปีที่แล้ว +1

    4:45 thank me later

  • @37macherie00
    @37macherie00 2 ปีที่แล้ว +1

    tag yourself I'm 2:22

    • @Nomad1Capitalist
      @Nomad1Capitalist ปีที่แล้ว

      ᴛʜᴀɴᴋs ғᴏʀ🔝 ᴡᴀᴛᴄʜɪɴɢ
      Tell Max I link you to him for a business investment that will change your financial life.. ♥

  • @roejogan1341
    @roejogan1341 3 ปีที่แล้ว +1

    Tell yourself you can only buss some cheeks if you save money

  • @ferbus983
    @ferbus983 3 ปีที่แล้ว

    Investing and just not spending on stupid materialistic things...

  • @CyberspacedLoner
    @CyberspacedLoner 3 ปีที่แล้ว +2

    my pension plan drop dead

  • @maigold3049
    @maigold3049 2 ปีที่แล้ว +4

    $70,000 just in two weeks Mr Christine Norine Martin you are so amazing.

    • @plutocrptotvplug2832
      @plutocrptotvplug2832 2 ปีที่แล้ว +3

      Same here, I started with $2,000 now earning $5,300 bi-weekly profits with her trading program.

    • @lindabrown8445
      @lindabrown8445 2 ปีที่แล้ว +2

      I have heard a lot about Investments with Christine Norine Martin , how good she is and how she has helped People. Please how safe are the profits ?

  • @mrrishiraj88
    @mrrishiraj88 3 ปีที่แล้ว

    🙏👍

  • @HaloForgeUltra
    @HaloForgeUltra 3 ปีที่แล้ว +1

    Saving money is bad for the economy. Spending means that money goes somewhere, Rich people don't spend most of their money, and that's why the economy is fucked. And trust me, a strong economy will benefit YOU in the long run. Question is if that is enough.

  • @invincibearofficial
    @invincibearofficial 3 ปีที่แล้ว +2

    Where was the actual useful advice in this video? smh

  • @fatehyabali
    @fatehyabali ปีที่แล้ว

    Fa

  • @Enkeria
    @Enkeria 3 ปีที่แล้ว

    Think that you are poor. It works daily if you are.

  • @yanchoho
    @yanchoho 3 ปีที่แล้ว +1

    This was a snooze fest.

  • @johnfarris6152
    @johnfarris6152 3 ปีที่แล้ว

    👽Ill just tell you everything I learned over the last 20 years. Ha Ha Ha!👽

  • @OIBAN
    @OIBAN 3 ปีที่แล้ว

    Just buy bitcoin

  • @DeAguaMusic
    @DeAguaMusic 3 ปีที่แล้ว

    Life is overrated.

  • @No1ANTAGON1ST
    @No1ANTAGON1ST 3 ปีที่แล้ว

    That pampas laugh... you haven't spent 20 years learning about the brain and this video is proof of that.
    You might have spent like 10 to years of that time sleeping

  • @chanamkiran6945
    @chanamkiran6945 3 ปีที่แล้ว

    I scare money because it is the root cause of all evil

  • @mardbalasy6671
    @mardbalasy6671 2 ปีที่แล้ว

    Sorry, Alex. You wasted your 20 years of study to learn nonsense. Almost ALL you said were well known 2000 years ago. And you wasted TH-cam time as well.