Achieving financial success takes more than investing and saving, it also requires you to view money differently. These TED lectures will make you think about your dollars in a whole new way. In less than 30 minutes, specialists talk about compartmental economy and how you mind can interfere in the way you deal with your finances. Learn a few things on your commute with these streams:
Keith Chen: Could your language affect your ability to save money?
What can economists learn from linguists? Born in China and raised in the United States, Chen is a Behavioral Economist who introduces a pattern discovered in his research: Languages without a concept for the future -- "It rain tomorrow," instead of "It will rain tomorrow" -- correlate strongly with high savings rates.
Shlomo Benartzi: Saving for tomorrow, tomorrow
Economist Shlomo Benartz combines economy and psychology in this lecture that tries to understand how we deal with money and manage risks. Using amusing metaphors, he explains to the audience how some habits inherited from our ancestors influence how we plan our finances.
Daniel Goldstein: The battle between your present and future self
There is an unfair battle between the present and the future self. That's how this specialist in Behavioral Economy explains why many of us find it difficult to save money for retirement. Daniel Goldstein makes tools that help us imagine ourselves over time, so that we make smart choices for Future Us.
Video of the Day
William Black: How to rob a bank (from the inside, that is)
William Black is a former bank regulator. During this interesting lecture he explains very simply how banking systems can be used to commit frauds. Remember the crisis in 2008? Blake shows how fake loans and other frauds lead the crisis that wrecked the economy in many countries.
Adam Baker: Sell your crap. Pay your debt. Do what you love.
Spending life doing what we love is a dream of many people. During this lecture, Adam Baker shows how he did it: The first step was to get the total control of his spending. He managed to pay his debts and found out his way to pursue what he defines as freedom and travel the world.
Paul Piff: Does money make you mean?
It's amazing what a rigged game of Monopoly can reveal. During this engaging lecture the social psychologist Paul Piff shares the results of his research on how people behave when they feel wealthy (spoiler alert: it's not good).
He promoted a Monopoly game at a university where half of the players started the game with more money, more chances to move around the board, and more access to resources. He followed the player's reaction using hidden cameras and noticed that after a while, people who had advantages started to change their behavior.