The Hidden Psychology of People Who Are Great With Money (Backed by Science)

Think about the last thing you bought that you didn't really need. Not a disaster. Just a small, easy yes. Here's the strange part. The person you know who's quietly great with money felt something in that exact moment that you didn't. A flicker of discomfort. A tiny internal no. And we explain that away with one word: discipline. We assume they're just better at gritting their teeth while the rest of us cave. But that's not what the research shows. Being great with money often has almost nothing to do with willpower. It's something wired in deeper, that most of us were never handed. And once you see it, you can't unsee it. 🔔 FISCALLY CURIOUS New video every week to help you understand money. Subscribe so you never miss one.    / @fiscallycurious   📺 IN THIS VIDEO → Why the people who are best with money barely think about it at all — and why that's the opposite of careless → What a Stanford brain scanner revealed about the exact moment before you decide to buy — and the ancient alarm that fires in people who are good with money → The one sentence researchers added that instantly made people less likely to buy anything → Why saving can hand your brain a hit of pleasure that most people only get from spending — and why it never wears off → The single hidden trait underneath all of this that predicted income better than age, ethnicity, or height 📚 SOURCES — Brian Knutson, Stanford University (with George Loewenstein and colleagues) — Neural predictors of purchasing decisions, 2007. A brain-imaging study that watched the insula fire in the seconds before people chose to buy or not. — Shane Frederick and colleagues — Research on opportunity cost neglect. Showed that simply reminding people of what they give up made them less likely to buy. — Scott Rick, Cynthia Cryder & George Loewenstein — "Tightwads and Spendthrifts" study. Mapped people along a scale based on how much "pain of paying" they feel. — William Hampton, Frontiers in Psychology — 2018 study of more than 2,000 people finding that delay discounting predicted income better than age, ethnicity, or height. 🎥WATCH NEXT Minimalist Rules for Financial Freedom    • Minimalist Money Rules For Financial Freedom   💼 BUSINESS INQUIRIES [email protected] #moneypsychology #personalfinance #delaydiscounting #behavioraleconomics #savingmoney DISCLAIMER: Everything on this channel is for educational and entertainment purposes only. I'm not a financial advisor and nothing here should be taken as financial advice. Always do your own research and speak to a professional before making any financial decisions.