I’m not saving for a stranger
Your brain sees future you as a stranger.
Scientists with brain scanners have shown without a shred of doubt that humans are intensely focused on the here and now.
When we think of our present self, our brains light up with warmth and recognition.
But when we think of our future selves in 20 or 30 years, the light of recognition dims so much it’s like thinking of a stranger.
No wonder we’re such poor savers. Who would bother saving for a stranger?
Nigel Latta’s Mind over Money TV show has taught us a lot about why people behave irrationally with money, but this was the big one for me.
It not only explains our failure to save, it explains why we’re so willing to borrow to spend on stuff.
It’s not us who has to pay back the money. It’s that pack of strangers- our future selves!
But there are people who behave as though they do not