Is Your Brain Wired for Financial Defeat? Time to Rewire It

Financial decision-making is highly influenced by psychology.  How we perceive risk, how well we can delay instant gratification and our ability to visualize long-term goals all play a role in shaping our quality of life at retirement. Many people, especially in light of the dismal performance of the financial markets over the past several years, make things worse by making short-term decisions that will cost them dearly in the long-run. It doesn't have to be this way. You can "rewire" your brain to think about financial decisions and long-term financial goals differently. 

Learn more at Bloomberg.

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