#3. Saving For Tomorrow, Tomorrow
Behavioural economist, Shlomo Benartzi, talks about the biggest obstacles to saving enough money for retirement and questions how we can all make behavioural changes to ensure we save sufficiently for a financially secure future.
It’s a fact that for most of us, creating urgency in the present to save for the (distant) future can be challenging. Howeveer, Benartzi offers some quite sobering statistics and logical advice that should help to kick you into action right now, if you have not already started making provisions for your future financial security.
(Approx. 18 mins)
#4. Could Your Language Affect Your Ability To Save Money?
Some languages, like English, refer to the future using verb helpers like “will” and “shall,” while others, such as Mandarin Chinese, don’t have specific verbs to refer to future actions. UCLA Professor and behavioural economist, Keith Chen, talks about some interesting findings in his research, which appear to indicate that there is a correlation between people’s native language and their ability to save money.
Could it be that the language you speak really predicts the way you think about the future? Listen to the fascinating subject of this TED Talk to find out!
(Approx. 12 mins)