If you look at the thousands of comments this amazing social video generated, you’ll notice something peculiar. After watching this thrilling clip, you would think viewers would share their OWN FEELINGS about how this video inspired them.
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.
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.”
So why does our tired little brain love experiencing an intense scare?
It’s a Drug Trip
The adrenaline rush of a scare instantly releases chemicals that can trigger a feeling of euphoria. You’ll often hear people laughing after a big scare because the body releases dopamine. And after the fearful situation ends, this high stays with us until our body metabolizes these powerful brain chemicals.
Time to tap your dark side by understanding a key behavioral finance concept!
The latest brain science insights on how to make smarter financial decisions.
There’s a reason it’s called the family of man. Go back just a few hundred years and we were all, quite literally, cousins. So when someone from another culture does something that upsets you, remember, they’re just another relative we need to learn to appreciate and get along with. You don’t walk away from family.