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How to develop a healthy relationship with money
How to create a budget
The impact of emotions on financial decisions
Sometime in the last million years, humans evolved a new layer on top of our more primitive survival brain; neuroscientists call this the prefrontal cortex (PFC).
From an anatomical perspective, this “newer” brain region is located just behind our eyes and forehead.
Involved in creativity and planning, the PFC helps us to think and plan for the future.
The PFC predicts what will happen in the future based on our past experience. Yet critically, the PFC needs accurate information to make accurate predictions.
125
1.05K reads
MORE IDEAS ON THIS
If information is lacking, our PFC plays out different versions of what might happen to help us choose the best path forward.
It does this by running simulations based on previous events in our lives that are most similar.
For example, trucks and buses are similar enough to cars tha...
121
1.02K reads
A hub of the DMN called the posterior cingulate cortex (PCC) connects a bunch of other brain regions.
The PCC is interesting because it gets activated when people are shown pictures that are reminders of or triggers for their addictions.
For example, the PCC lights up with cocaine cue...
124
649 reads
You must let the pain visit.
You must allow it to teach you.
You must not allow it overstay.
152
771 reads
Every time you pay attention to your actions, you become more aware of what you actually get from them.
If you notice that potato chips make you feel crappy when you eat too many, you get less excited about eating the whole bag next time.
Not because you have to force yourself to no...
129
674 reads
Anxiety is born when our PFCs don’t have enough information to accurately predict the future
Without accurate information, our brains found it easy to spin stories of fear and dread, based on the latest reports that we had heard or read.
And because of the way our brains are wired, t...
137
913 reads
153
849 reads
There are different types of people depending on how they react when facing danger.
These people can be categorized into three different groups based on their reactions. These groups are fight, flight, and freeze.
124
762 reads
We map out how the pieces fit together and drive one another. Sometimes simply becoming aware of the habit patterns helps us step out of them, with significant results. At other times, we need a little hand-holding along the way.
How often have you struggled to force yourself to overcome ol...
126
840 reads
We all get anxious, it’s a part of life, yet how we deal with it is critical.
If we don’t know how anxiety shows up or why, we might get caught up in temporary distractions or short-term fixes that actually feed it, creating bad habits in the process (have you ever eaten ice cream or co...
125
1.34K reads
The theory sounds—and is—simple. Yet this can easily fall into the thinking trap that was mentioned in the last chapter: you can know that something is bad for you, but thinking doesn’t change behaviors on its own. It isn’t strong enough.
Watch your thoughts. They become words. ...
162
724 reads
In neuroscience, the default mode network (DMN), or anatomically the medial fronto-parietal network (M-FPN), is a large-scale brain network primarily composed of the medial prefrontal cortex and the posterior cingulate cortex and angular gyrus.
The DMN was discovered by Marcus Raichle and ...
124
735 reads
The anxiety and its close cousin, panic, are both born from fear. It's well known that fear’s main evolutionary function is helping us survive.
Fear is the oldest survival mechanism we’ve got. Fear teaches us to avoid dangerous situations in the future through a brain process called negati...
127
1.19K reads
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Other curated ideas on this topic:
When we evoke our past or visualize our future, the default mode network region of the brain, which includes areas like the medial prefrontal cortex, are activated.
This is usually when we are relaxed and are letting our minds wander.
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