The #1 thing we’re afraid to talk about | Your Brain on Money

submitted by Huzzaz on 01/11/23 1

We’re afraid to talk about money–and that costs us. Subscribe to Big Think on YouTube ► www.youtube.com/c/bigthink Up Next ► Personal finance: How to save, spend, and think rationally about money youtu.be/0uYnj1i1EQw Talking about money, especially how much you earn, is often considered taboo. But talking about money can sometimes be a good thing. It’s not exactly known why talking about money is taboo, but one hypothesis is that it highlights inequality or causes resentment. Depending on the culture, the comfort level of talking about money differs. Some companies are looking to open up the compensation conversation more. 0:00 The money taboo 1:59 The neuroscience of taboos 4:30 3 steps for breaking money anxiety The 3 steps: 1. Be truthful about your budget; don’t overspend to fit in with your group. 2. Investigate your feelings about money through journaling or in conversation with trusted friends or family. 3. Follow or join online groups that talk about aspects of money you are anxious or uncertain about. Watch on Bigthink.com ► bigthink.com/series/your-brain-on-money/cure-money-anxiety/ This video was created in partnership with Million Stories Media. ---------------------------------------------------------------------------------- Read more of our stories on money management: How did history’s geniuses make their money? ► bigthink.com/the-past/how-did-historys-geniuses-make-their-money/ What is cryptocurrency’s role in the future of money? ►bigthink.com/plus/what-is-cryptocurrencys-role-in-the-future-of-money/ Can’t buy me meaning? Money cuts a quicker path to happiness ► bigthink.com/neuropsych/money-key-to-happiness/ ---------------------------------------------------------------------------------- About Big Think | Smarter Faster™ ► Big Think The leading source of expert-driven, educational content. With thousands of videos, featuring experts ranging from Bill Clinton to Bill Nye, Big Think helps you get smarter, faster by exploring the big ideas and core skills that define knowledge in the 21st century. ► Big Think+ Make your business smarter, faster: bigthink.com/plus/ ---------------------------------------------------------------------------------- Want more Big Think? ► Daily editorial features: bigthink.com/popular/ ► Get the best of Big Think right to your inbox: bigthink.com/st/newsletter ► Facebook: bigth.ink/facebook ► Instagram: bigth.ink/Instagram ► Twitter: bigth.ink/twitter

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