Why do most of us tend to pick A and not B? It’s because our brain gets caught in a bit of a TRAFFIC JAM. When I threw choice A at you, your brain instantly got busy analyzing. But your tired brain wasn’t done processing choice A, when all of a sudden, choice B comes barreling down the line. Because your brain was still preoccupied with A, B never really got your full attention and consideration.
Month: April 2022
How does our brain determine a fair price? In this short video you’ll learn how our misguided brain can be easily fooled when we’re comparing prices. See how the “anchoring effect” lures us into paying too much.
What is the novelty effect? It’s a cognitive bias that keeps our overworked brain from getting overloaded by too much data.
Most of us envision our brain as a lot like a computer – a big collection of electrical circuits. But our brain isn’t just ELECTRICAL, it’s also CHEMICAL. For example, when we get scared, our brain signals the release of adrenaline which increases our heart rate, raises our blood-sugar level, and oxygenates our blood.
It’s one of the scariest numbers in our financial lives – the precise amount of money we will need to retire comfortably. Most of us have no idea what this number is, or how to calculate it.
So we save as much as we can and just HOPE it will be enough. But no matter how much we tuck away, there’s always this nagging worry that we’ll come up short in our later years. We wonder if old age won’t just be about health challenges, but could also be about facing poverty.
The good news is that figuring out this number really isn’t that hard. In this video I lay out the specific steps you should follow to “find your number.”