🧠 Brain Hacks: Will I ever have enough money?

What is something you have now that you used to desire?

In today’s episode, Kate Campbell and Evan Lucas are talking about the idea of never having enough, making trade-offs and financial gratitude. Plus, they discuss how to challenge these thoughts, figure out how to play your own game and making sure you enjoy the process.

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

What we cover in today’s Brain Hacks episode

The idea of having enough & financial gratitude 

• Scarcity to abundance mindset
• Financial gratitude 
• Your net worth doesn’t equal your self-worth
• Making tradeoffs in your life 
• Mindset that makes us do silly things
• The idea of never achieving/having enough 

What are some of the ways this can impact our personal finances & investing?

• We make decisions based on fear instead of rationally based on our values and goals
• We feel like there will never be enough money to go around
• We don’t evaluate the tradeoffs in our decisions with our values and our goals in mind
• We get stuck on an endless treadmill, because we never reach a point where we have enough in any aspect of our lives

What can we do to mitigate or overcome this bias?

• Find ways to challenge your inner critic and the voices saying you don’t have enough, you’ll be happy when…
• What do you actually want? Most of us don’t slow down long enough to ask this question, and instead follow default life scripts on autopilot
• Practice gratitude to focus on what we have in front of us right now
• The idea of ‘good enough’
• Morgan Housel: ‘Having more than you need can be a liability masquerading as an advantage, and no sense of “enough” can look like ambition but often leads you over the edge.’
• Understanding that we can have anything, but not everything, and definitely not at the same time
• Finding ways to enjoy the process, and stop endlessly shifting the goalposts
• Setting your goals and financial plans out by lifestage – using the bucket method
• Listen to our vision board episode from our Summer Series