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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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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

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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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The information on this website is general financial advice only. That means, the advice does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. In addition, you should obtain and read the product disclosure statement (PDS) and Target Market Determination before making a decision to acquire any financial product. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. Please read our Terms & Conditions and Financial Services Guide before using this website.

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