Graeme Newell's video: Investing Decisions - How to Figure Out the Exact Amount of Money You ll Need to Retire Comfortably

It’s one of the scariest numbers in our financial lives - the precise amount of money we need to retire comfortably. All our investing decisions should be based on this number, yet most people have no idea what it is, or how to calculate it. So we save as much as we can and just hope it will be enough. But no matter how much we tuck away, there’s always this nagging worry that we’ll come up short in our later years. Old age won’t just be about health challenges, we could also face poverty. The good news is that figuring out this number really isn’t that hard. In this video Jonathan Bowman-Perks and I lay out the specific steps you should follow to find your number. Finance psychology expert Graeme Newell explains how our very flawed human brain tends to slip up when we make big finance and life decisions. Most of our decision-making is done in our subconscious brain. When we make a choice, what happens is that our subconscious brain feels something and then our conscious brain affirms what we already believe. Overcoming cognitive bias in decision-making is not hard. It’s simply a matter of learning to recognize the signs that a cognitive bias might be likely, then stopping the pattern. Behavior biases in finance show up all the time. Behavioral science shows us the way forward and gives us smart tactics for making optimal decisions. The key is to learn tactics from finance psychology and behavioral finance concepts that we can put into action throughout the course of our day. Graeme Newell is a researcher in behavioral investing, behavioral economics and finance psychology. He is a professional economics speaker, a personal finance speaker and an expert in behavioral investing. 🔴 Subscribe for more videos just like this: https://bit.ly/3atitPl About Graeme’s Channel: I’m a researcher, speaker, and author who specializes in behavioral finance. I take perverse pleasure in putting people inside of brain scanners, then asking them to make important money decisions. My videos reveal the vulnerable situations when business leaders and everyday people are most likely to make crazy-bad, impulsive money decisions. I teach how to use brain science insights to make smarter decisions that grow businesses and increase wealth. Learn more about how brain science insights can help you make smarter decisions: https://graemenewell.com/