I’ve been pushing myself to learn more about how our mindsets and sometimes even our language affects our spending. The psychology of why we spend is so fascinating! On the way to visit my parents last weekend, I serendipitously heard this story on the TED Radio Hour. The speaker, Keith Chen argues that language can positively or negatively affect the way people spend or save money. People whose language uses the future tense are more likely to be spenders and people whose language do not use the future tense, like Japanese, are more likely to be savers. You can listen to the whole TED talk above.
What are your reactions to the talk? Will you change the way you talk about money? Let me know in the comments! And happy Friday!