How I Tricked My Brain To Save More Money

Save More Money – Between 2020 and 2025, global wealth is projected to rise by 39%. At first glance, it doesn’t seem like shocking statistics, but if you think about it, that means the total number of millionaires will also increase by about that number. If today, we have around 6 million millionaires, soon we will have 8.4 million millionaires. The question is, are you going to be one of them?

In fact, recently, Bill Gates said that – climate tech would produce 8 to 10 Teslas, a Google, an Amazon, and a Microsoft. That is a bold claim because 10 teslas mean 10 trillion dollars plus Microsoft, Amazon, and google worth another 7 trillion dollars. 17 trillion dollars of wealth is about to be created in the next decade or so. If you manage to get just 0.1 percent of that wealth, that’s going to be 170 billion dollars.

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That’s going to make you the 4th wealthiest person in the world, right after Bernard Arnault. So even a tiny small share of that pie is more than you can possibly spend in your entire life. But the hardest part is to start. Most people aren’t conscious about their spendings. They live their lives not paying much attention to how they spend their money. Yes, everyone is trying to make more money, but very few people know how to make more money.

Most people say that what’s the point of managing my money when I make just enough to pay the bills. Once I start making more money, I will start managing my money, but the truth is that, as you keep making more money, you will keep spending more money. I can say that from my personal experience. The truth is that if you cant manage a small amount of money, you won’t be able to manage a lot of money.

In my experience, it starts with learning how to save money. At first glance, it’s not easy to deny yourself all the pleasures you can afford. You have the money, or you can swipe that credit card, but once you understand how your brain works, you can trick your brain and you will no longer feel the urge to spend money to satisfy your urges and you will be able to save most of your income, and that’s what we will find out in this article.

How I Tricked My Brain To Save More Money

First, we have to understand how our brain works. Your brain isn’t a fixed organ, it’s much more adaptable than you think like the rest of your muscles in your body. But unlike other organs of your body, your brain is the most important one. Everything you do, feel and think is influenced by your brain cells or the neurons. But what we want to focus on are the neurotransmitters that control your reward system.

While these terms sound a bit complicated, they are pretty simple and straightforward. Dopamine is that thing in your brain that constantly searches for a reward and, as a result of that, motivates you to do things. For example, if you win this race, you will get a million dollars. While this example sounds a bit too simple, that’s how your brains. Why do you think people gamble because their brain anticipates a reward once they win. The satisfaction you get after you buy something or when someone likes your picture on Instagram is that dopamine boost. That’s why you can’t just sit around. You have to check out who liked your picture and god forbid if it’s your crash, your dopamine will spike way higher.

The dopamine receptor is so powerful that when researchers turned off dopamine receptors in rats, they got so lazy that they did not have the will and motivation to eat even though they had food in the cage. Normally your dopamine level is stable, and it spikes every time you get a reward. You are hangry, and you see a super decision meal. Your brain will push to have it to get that dopamine spike. But then it slowly comes down to where it was.

But not all rewards spike your dopamine level equally. Alcohol, for example, can spike it to 200, or cocaine can spike it up to 400. If it’s done once, it’s not a big deal. However, your dopamine receptor is tangible. The more often it spikes, the higher becomes your new normal. So if you constantly consume alcohol, your new normal will get to around 200, so everything else that does not spike your dopamine level higher than 200, won’t be attractive to you. That’s how people usually become alcoholics.

They drink so much that they completely destroy their reward system that nothing will motivate them other than alcohol. The same applies to social media. Your brain anticipates seeing something that will spike your dopamine level, that’s why you easily get distracted to check your phone. But the question that you probably have in mind is – how is that related to saving money? You see, whenever you buy something, the same neurotransmitter gets involved. Your choice to spend money is dictated by more than meets the eye: the chemicals in your brain.

If you have damaged your neurotransmitters such as dopamine, you will feel the urge to constantly spend money to keep it at that level. In fact, your dopamine receptor will no longer be satisfied with small purchases and will push you to spend bigger and bigger amounts. But shopping isn’t the worst habit that you develop out of damaged dopamine receptors, alcoholism, gambling is much worst.

When you see people who waste their entire paychecks on gambling, you start wondering, can’t they figure out that they have to pay rent and other bills? Why can’t they manage their money? The answer is simple, their dopamine levels are too high, and nothing will satisfy them except that particular activity. In fact, once that high level becomes the new norm, their brain will demand a stronger boost to be satisfied.

So if you want to make saving money easy, all you have to do is fix your dopamine receptor and bring it down to a healthy level where buying a simple Starbucks coffee will give you the same reward satisfaction as spending a fortune on lottery tickets. Fixing your dopamine is easy in theory but difficult in practice. All you have to do is stop doing all the things that spike your dopamine so high for a few weeks or maybe a month until your dopamine levels will adjust to a healthy level.

But you can’t just do nothing, that’s why the best strategy is to turn your bad habits into good habits because getting rid of bad habits is much more difficult than replacing them with alternative habits.

Start with exercise because the data on this is clear. Studies prove that exercise raises your dopamine to a healthy level, that’s why often you feel energized after a morning run. I know it’s not easy to push yourself to exercise or do things that are not as rewarding as checking your Instagram.

Your brain always tries to avoid anything that requires a lot of energy by always choosing short-term rewards over long-term rewards. When you want to go to the gym, for example, you always decide to do it tomorrow, because today you are tired, you don’t feel like exercising, your brain will give you thousands of reasons why it’s better to do tomorrow, that’s what your brain wants, it will give you short term solutions, but you are messed up in the long run.

But you can trick your brain by breaking up The Task Into Small Pieces. Remember that your brain is trying to save energy. So when the task looks so big that it literally needs a lot of work and you don’t even know where to start. Your brain will automatically start coming with every reason to avoid it. So you have to trick your brain and let him know that you are not going to do anything tough.

You are simply going to do a simple task that requires 5 to 10 minutes. You are not going to spend a lot of energy or time there. That’s why when you break up the task and focus only on a small piece of it, your brain isn’t going to bother about it. The same thing happens when you try to wake up early morning. Your brain is constantly telling you: the day is going to be long and tiring, you have to take a shower, drive to your job, work for hours, attend meetings, and another 5 minutes of sleep isn’t going to make a difference.

So you will hit that snooze button. Now, Imagine if you focus only on a small piece of it, just tell yourself, forget everything, I am going to take a shower, and if I feel sleepy after that, I will get back to sleep, and you will find it much easier to get up because your brain isn’t going to come up with another excuse.

It’s like when you wake up in the middle of the night, and you want to go to the bathroom, it’s pretty simple to wake up because you know you will get back to sleep after that.
When I feel lazy to go to the gym, I just say to myself that I am just going to change my clothes and get out of the house.

If I still feel lazy, I will come back. I put on my shoes, take my bag and get out of the house. It takes 2 minutes to do that. Once I am out, it gets much easier to get to the gym. If you want to go for a jog, don’t tell yourself that you will jog for 20 minutes. Follow the 2-minute rule. Put on your shoes and get out of the house, and then decide whether you want to jog or not.

The most difficult part is to start. But it’s not enough to push yourself to save more money, you should learn how to make more money and one of the best ways is to start investing. But before you start investing, you should at least know the basics of the stock market.
I get it it’s not easy, especially when you are just starting. You have a million questions.
Don’t worry! I get it. I was once in your position. And to answer all of your questions, I have created a course that simple, straightforward, and fully animated. I have literally answered almost all of the questions you have in your mind. I strongly recommend it if you are serious about investing.

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