Learn how to make better long-term decisions

Joining us in this episode is Hal Hershfield, a Professor of Marketing, Behavioral Decision Making, and Psychology at UCLA’s Anderson School of Management and holds the UCLA Anderson Board of Advisors Term Chair in Management.

With his extensive background in psychology and his deep understanding of human behavior, Hal sheds light on the power of connecting with our future selves and making choices that lead to long-term well-being and fulfillment.

Key takeaways:

• Inject intentionality into your decisions and consider the importance of your choices
• Thinking about your future self helps you make better choices and balance happiness and well-being over time
• Common myths about future selves often stem from negative perceptions of aging
• Making future selves vivid through exercises like writing letters can enhance our decision-making process
• Commitment devices can help you stick to long-term goals by tracking your behavior
• Older people actually experience heightened well-being compared to their younger counterparts
• Strive for harmony between present and future selves, balancing immediate enjoyment with long-term benefits

Tune in to this episode of Smarter Richer Braver!

Remember that much of what is talked about on this podcast is stuff that’s not typically talked about to young people – and it should be. It’s stuff that you need to know so that you a can lead a life that’s smarter, richer, and braver.

If you have any questions or topics you’d like us to broach in our upcoming episodes, pls email us at smarterricherbraver@gmail.com. And if you’d like to sign up for one of our award-winning programs, go to kfi.global and check out our upcoming schedule.

Resources

• https://files.consumerfinance.gov/f/documents/cfpb_future-self-tool_2021-05.pdf
• https://www.halhershfield.com/yourfutureself