10 steps to boost your financial health -- that you can do in a day | Your Money and Your Mind

You take vacation days, sick days and mental health days; now it's time to add a financial health day to that list! What to do on it? Behavioral psychologist Wendy De La Rosa shares 10 simple steps you can take to spend less, save more -- and stress less.

Managing your money can feel scary and complicated, but it doesn't have to be. In this TED series, behavioral scientist Wendy De La Rosa explains why we spend too much and save too little -- and shares easy steps to help us achieve a more secure financial future.

The TED Talks channel features the best talks and performances from the TED Conference, where the world's leading thinkers and doers give the talk of their lives in 18 minutes (or less). Look for talks on Technology, Entertainment and Design -- plus science, business, global issues, the arts and more. You're welcome to link to or embed these videos, forward them to others and share these ideas with people you know.

[chantelledomingo]

In summary, to boost your financial health you must be wise in Spending and saving your money. Such as :

- setting a saving percentage from your earned paycheck (For ex. if you got 100$, save 20$ of it).
- Tackling all your unnecessary LIABILITIES AND EXPENSES that you just bought. (Basically finding ways to decrease your liability column)
- Instead of spending your money with unnecessary expenses. Spend it with something that benefits you. Such as applying for hiking, Picnic for your friends, Healthy foods, etc.

[DrewFisherJ]

"401K" is an American term. It would be great to make more internationally understood videos, or else specifically mention that the tips are aimed at Americans.

[danfowers]

#9 is a great start if you want to own a business or just want more time because wealth is measured in time, not money

[freebirdiii]

I support the general idea of financial well-being. That said, life insurance isn't something you SHOULD DEFINITELY sign up for if you don't have it. Instead of just telling people who don't have it to get it, tell them to research WHY people get life insurance so they can determine for themselves if it makes sense to get.

[DigitalCashFlow]

Finally on my way to 6 figures after years of failing online. This video is needed! Thank you

[winwinwinter]

ngl I clicked because of the thumbnail 😂😂😂

[greenhaven]

You only need life insurance if you have financial dependents. And using a 401k for your retirement planning isn't right for everyone, especially if your company doesn't provide a match, even if you work for a for-profit company that offers a 401k.

[joeybordeaux]

I made my first first profits of $4k today! Feels like I won the NBA finals 😅

[IsaacPrinTheNerd]

The thing is though, if you pay off all of your debt, your credit score (invented in the late 80s) will drop since you're not making any payments. And rent or car payments don't count. In order to increase your credit score, you have to have some debt, so that's why she said to spend money on experiences, which are generally more expensive than things, especially if you live in an urban area. You'll have to whip out the credit card, and there you go, more debt to pay off, and more chances to show that you can pay off debt.

[AL-snno]

I thought one of the steps was going to be to get somebody to massage your right pectoral.

[motolaniblizmilleniumboysv]

Nice thumbnail that. They really really close.

[Jakob]

Also, if you can, donate to a good cause.

[CalicoCooperFan]

This is all nice and all, but there are tons of resources out there on how to spend or save the money you have. I need coaching and mentoring on how to make more money so that I can manage that money. Financial institutions should help individual learn how to make more money so that they can do more with that money.

[beauxwellborn]

🤔Do you not think you deserve to be helped?
🤔Do you feel you need to have all the answers and figure it out yourself?
🤔Do you trust yourself more than a professional to handle your Financials?

Were you the first child in your family that had to take care of everyone?

Our money trauma(s) cause us to self sabotage our future success.

I'm here to help ease that burden and help you carry the load of starting your business on solid financial ground for the long term.

[LIITONMIES]

Never pay your debts. Better let someone pay it for you. Think like bank!

[HAPPINESS]

I hope who watched this comment would have aaaamazing day from japanese youtuber🇯🇵

[nirui.o]

So what's the tip the thumbnail picture is suggesting?

[kingkongqueror]

Good video but that thumbnail - why is one guy cupping the other guys chest???

[joannot]

1:08 50$ is a low cost cell phone provider? WTH?
Does this look expensive AF to me because I'm French?
Or is it expensive to you too Americans?

[AKAHEIZER]

Maybe don't use a credit card? 👌😕👍