If you’ve been feeling financially stuck and your willpower is waning, you’re not alone! Science says you CAN build money habits that don’t require self-control to succeed.

So get ready for the first episode of SquawkfoxTV and The Cash and Kerry Podcast because THIS IS BIG.

Dan Ariely, a world renowned behavioral economist, viral TED speaker, and author of several bestsellers, including: Dollars and Sense: How We Misthink Money and How to Spend Smarter and Predictably Irrational: The Hidden Forces That Shape Our Decisions — is here to explain why we have good intentions but still make big money mistakes.

Feeling financially anxious? Need a little motivation? Tough circumstances? Ariely says, “If you ask me what’s the best asset class to invest in right now, I would say human capital. The most assets that yields revenue for any of us, it’s us.”

You are the greatest asset to invest in, my friend.

“We’re going to get more value out of our own skill, and intelligence, and knowledge, than dividends from the stock market, and I think we need to invest in that asset,” says Ariely. “It’s time to go back and invest in our ability to be productive in the workplace rather than speculate about timing the market.”

If you’re ready to invest in your best asset — YOU! Get ready.

Dan Ariely, Chief Behavioral Economist

In this SquawkfoxTV episode, Dan Ariely, Chief Behavioral Economist at Qapital, is optimistic, witty, and helpful in explaining how we can use technology to override our emotions when it comes to money.

You’ll learn:

  • Why willpower and self-control often fail (you’re not alone).
  • How your environment is set up to tempt you (again and again).
  • Your emotions with your money.
  • Why your checking account is the “garbage can of personal finance”.
  • How living in a cashless world can help you save more.
  • Why dead people are the best investors (I can’t make this up).
  • How COVID-19 is changing our money habits.
  • The Opportunity Cost of spending.
  • How to use the Mental Accounting bias to build a better budget.
  • The best asset class to invest in right now!

Make sure you watch ’til the end to hear Dan Ariely explain why timing the market is predictably irrational. I can’t stop smiling. You will smile too. Promise.

Hit play to watch now or listen on The Cash and Kerry Podcast.

Listen on Apple Podcasts   Listen on Google Podcasts

DIVE DEEPER: Do you love Dan Ariely and behavioral economics as much as I do? Revisit my posts, Rewire Your Brain to Master Money and Three Behavioral Science Tricks to Help You Pay Off Debt Faster to get more from the psychology of money with expert interviews.

Now, let’s put these insights to action!

  • Do your emotions ever mix you up with your money? Please share how!
  • Would automating your financial goals reduce the temptation to spend?
  • What about opportunity cost? Would reflecting on past spends (how you felt after buying stuff) reduce your future spending?

In the comments below, let us know what resonated with you.

    • Did Dan Ariely’s behavioral insights give you a spark?
    • Are you spending more online because it’s cashless and feels less painful?

Can you apply these spending, saving, or investing behavioral tools in your life?

Whether you’re just starting out on your financial path or looking to up your game, your answers can help you identify areas for improvement and clarify habits that need adjustment.

If you live in the United States, do check out Qapital — it’s amazing to see banks use behavioral insights to help customers reach financial goals while building informed spending and savings habits.

Love love love,
Kerry