Selfawareness is essential for financial self-control from "summary" of Your Money and Your Brain by Jason Zweig
To truly understand the concept of self-awareness being crucial for financial self-control, we must first recognize the intricate connection between our brains and our money. Our brains are wired to seek pleasure and avoid pain, which can often lead us to make irrational financial decisions. This means that without a strong sense of self-awareness, we are more likely to succumb to impulses and emotions when it comes to money matters. When we lack self-awareness, we may find ourselves overspending, taking unnecessary risks, or falling victim to marketing tactics designed to exploit our psychological vulnerabilities. By becoming more aware of our thoughts, emotions, and behaviors surrounding money, we can better recognize when our brains are leading us astray and make more rational financial choices...
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