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🧠 Brain Hacks: Making short term vs long term financial decisions

In this episode Kate Campbell & Evan Lucas are talking about why we’re geared towards short term thinking, how that can derail our financial goals and what to do about it.

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About this episode

Where in your life do you get stuck in short-term thinking traps?

What impact does that have on achieving your goals?

In today’s conversation, Kate and Evan discuss why we’re geared towards short-term thinking, how that can derail our financial goals and what to do about it.

What can we do to mitigate or overcome this bias?

  • Practice delayed gratification in other areas of our lives: anticipating holidays, saving up for items, planning things out, setting goals
  • Focus on building a long-term investment plan & portfolio 
  • Regular investing: small bits, lots of times

***

In our latest series, “Brain Hacks with Kate Campbell & Evan Lucas”, the duo discusses common behavioural biases impacting our financial futures and strategies to combat them. Just look for the 🧠 episodes every Wednesday.

🙋🏽‍♀️ ASK KATE & EVAN A QUESTION: https://bit.ly/3QtiY00

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At the time of publishing, the author of this article does not have a financial or commercial interest in any of the companies mentioned.

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