One Small Change to Massively Improve Your Finances
There is a branch of academic research focused on exploring the most impactful ways to influence human behavior and the choices we make. Today, we will examine how this applies to your finances.
The brokers I use:
InvestEngine
https://investengine.pxf.io/eKR40z
Get a Welcome Bonus of up to £50 when you invest at least £100 with InvestEngine
Trading 212
https://trading212.com/promocodes/DAMIEN
If you do not get your free share after depositing £1. Use promo code DAMIEN, you will find it in the section with the three lines in the bottom right corner of the app.
Vanguard
https://www.vanguardinvestor.co.uk/
This is not an affiliate link
If you would like a summary of everything I discussed, you can get it here:
https://financialinterest.com/financial-nudges-list/
Links from video:
FCA paper on nudges
https://www.fca.org.uk/publication/research/fawg-rules-of-thumb-nudges.pdf
Pension Nudge
https://www.fca.org.uk/news/news-stories/fca-announces-plans-stronger-nudge-towards-pension-guidance#:~:text=From%201%20June%202022%20pension,customers%20to%20Pension%20Wise%20guidance
Fly in the toilet
https://worksthatwork.com/1/urinal-fly
The majority of quotes studies can be found in this paper
https://poverty-action.org/sites/default/files/publications/Nudges-for-Financial-Health.pdf
Harvard study
https://scholar.harvard.edu/files/todd_rogers/files/commitment_devices_2.pdf
Timestamps:
00:00 - Don't Miss
01:26 - Nudges
02:38 - Defaulting
05:18 - Commitment Devices
06:50 - Better Commitment Devices.
10:45 - Reminders
DISCLAIMER: Some of these links may be affiliate links. If you purchase a product or service using one of these links, I will receive a small commission from the seller. There will be no additional charge for you.
DISCLAIMER: I am not a financial advisor and none of the content on this channel is financial advice. All information is provided for educational/entertainment purposes. If you are making investment or other financial decisions and require advice, please consult a suitably qualified licensed professional.
Видео One Small Change to Massively Improve Your Finances канала Damien Talks Money
The brokers I use:
InvestEngine
https://investengine.pxf.io/eKR40z
Get a Welcome Bonus of up to £50 when you invest at least £100 with InvestEngine
Trading 212
https://trading212.com/promocodes/DAMIEN
If you do not get your free share after depositing £1. Use promo code DAMIEN, you will find it in the section with the three lines in the bottom right corner of the app.
Vanguard
https://www.vanguardinvestor.co.uk/
This is not an affiliate link
If you would like a summary of everything I discussed, you can get it here:
https://financialinterest.com/financial-nudges-list/
Links from video:
FCA paper on nudges
https://www.fca.org.uk/publication/research/fawg-rules-of-thumb-nudges.pdf
Pension Nudge
https://www.fca.org.uk/news/news-stories/fca-announces-plans-stronger-nudge-towards-pension-guidance#:~:text=From%201%20June%202022%20pension,customers%20to%20Pension%20Wise%20guidance
Fly in the toilet
https://worksthatwork.com/1/urinal-fly
The majority of quotes studies can be found in this paper
https://poverty-action.org/sites/default/files/publications/Nudges-for-Financial-Health.pdf
Harvard study
https://scholar.harvard.edu/files/todd_rogers/files/commitment_devices_2.pdf
Timestamps:
00:00 - Don't Miss
01:26 - Nudges
02:38 - Defaulting
05:18 - Commitment Devices
06:50 - Better Commitment Devices.
10:45 - Reminders
DISCLAIMER: Some of these links may be affiliate links. If you purchase a product or service using one of these links, I will receive a small commission from the seller. There will be no additional charge for you.
DISCLAIMER: I am not a financial advisor and none of the content on this channel is financial advice. All information is provided for educational/entertainment purposes. If you are making investment or other financial decisions and require advice, please consult a suitably qualified licensed professional.
Видео One Small Change to Massively Improve Your Finances канала Damien Talks Money
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