Introduction to the Video
Planning for the long term doesn’t come naturally to most of us. While we’re hard-wired to focus on immediate concerns, thinking about distant goals like retirement often takes a back seat. In this video, Professor Arman Eshraghi, an expert in behavioural finance, explores how financial technology (fintech) can help us overcome this challenge and build a secure financial future.
The video explains how automating your retirement savings allows you to consistently put money aside each month without having to think about it. Professor Eshraghi also highlights the benefits of increasing your contributions over time, using strategies like Richard Thaler’s "Save More Tomorrow" programme, which makes it easier to grow your savings painlessly as your income rises.
By adopting these simple yet effective practices, you can ensure you’re saving enough to meet your long-term goals without falling into the trap of present-focused spending. Automating your savings today is a small step that can make a big difference in the years to come.
Disclaimer: This video does not constitute financial advice. We recommend that you speak to a qualified financial planner for advice tailored to your individual circumstances and goals. Financial markets may go up or down, and you are not guaranteed a return on your investment. Past performance is not necessarily a guide to future performance.
