Distributed to Money
These 5 Ted Talks Will Inspire You Towards Financial Freedom
Learning The Art of Improving Your Finances.
Like it or not, it is the irrefutable truth that money runs the world. From basic necessities to luxuries that make you happy, everything has a cost. The idiom “Money can’t buy you happiness” could not be more outdated, because, in today’s world, it can. Everyone wants more of it, and today we’ll take a look at what people who have made a lot of it have to say about it.
1. Shlomo Benartzi: Saving For Tomorrow, Tomorrow
Shlomo talks at length about savings and the attitude people have towards them in his Ted Talk. He pinpoints the problem to be that humans have a tendency for delaying difficult tasks, always assigning them to the future, a hypothetical tomorrow that never comes.
He also shares statistics about how only 10% of Americans have sufficient savings for the future, and then goes on about what behavioral solutions one can adopt to break out of the cycle.
2. Cameron Herold: Let’s Raise Kids to be Entrepreneurs
The way our education system and mindsets are designed only allows us to serve and shows us that the only sure way to earn money is through servitude in the form of a traditional job. But let’s be truthful here; nobody becomes rich by working as an accountant or a lawyer for their entire lives.
Cameron talks about how we should teach our children to look for opportunities and market niches to exploit from an early age, instead of handholding them and limiting their exposure. He also talks about his own experiences with entrepreneurship as a child.
3. Neha Narula: The Future of Money
Whenever the topic of cryptocurrency comes up, I cannot help but wish to back in time and invest in bitcoin before it blew up, something I’m sure you think about, too. The world is changing at an exponential rate, and the rapid digitization of everything is something that Neha talks about in her Ted Talk.
She’s the director of the Digital Currency Initiative at the MIT Media Lab, and she has some really interesting ideas about how different the future of money will be compared to what we consider as the norm today, and how people who invest into it before the bubble bursts will stand to gain a lot more.
4. Thasunda Duckett: The Way We Work
The judgment that comes with how you choose to spend your money is something that people don’t realize until they’re independent themselves. They can then understand the peer pressure their parents went through every time they had to make the minutest of fiscal decisions.
The truth is that there are so many ways that we can save money by spending it smartly that we don’t follow because we are afraid of what it could do to our image. Thasunda emphasizes how we should work to normalize this and do our part in eradicating society of ‘money-shaming’.
5. Elise Payzan-LeNestour: Why We Take Financial Risks
When you go down to the grassroots, humans are animals at the end of the day. There are some hard-wired instincts that we follow for survival, and one of those instincts is taking safe bets and risk aversion. Still, sometimes the force of our intentions and thinking abilities break that barrier and push us beyond what we are biologically designed to be.
People still take massive financial gambles, and a lot of success stories we hear about are the result of these risky gambles. Elise puts a unique spin on the phenomenon and debates the differences between taking a gamble or choosing a safe path through the observation of a game of chance.
These are the five most interesting and helpful Ted Talks about making money that I have stumbled onto while combing the internet for ways to be more financially aware.
I personally believe that at the end of the day it comes down to your will to struggle for a better future that gives you that necessary edge to go beyond your limits and find financial stability in life, leading to a happier and certain future where you can finally be at peace with what you have achieved.