Money management can make or break a business and significantly influence individual financial security. In this series of TED Talks, leaders in entrepreneurship and business management speak about the importance of focusing on the future when thinking about money.
Change the way you think about money – Preet Banerjee
“How we look at debt has changed over time”, says Preet Banerjee. In this TED Talk, the former stockbroker and host of television series ‘Million Dollar Neighborhood’ talks about why people need to go back to avoiding taking credit for assets that depreciate in value over time. “We need to start hating debt again,” he says. According to Banerjee, when you borrow money from a bank, you’re actually borrowing money from your future self. For this reason, investing smart and staying in the green is the first step to long term financial security.
Save money with futureless language – Keith Chen
The way people speak affects the way they save money, says Keith Chen. So many people view the future as this distant thing, and end up not saving for it right now. In this talk, Chen’s concept of ‘futureless language’ leads to the view that to get the future, it is important to marry it with the ‘now’. Saving money for the future is only possible if your money is managed properly in the present and this insightful TED Talk might help you do just that.
10 Day Pay to help small businesses’ cash flow – Ami Kassar
Ami Kassar, CEO and founder of multifunding.com, is a renowned small business advocate and leader. He’s committed to ensuring that small business owners have the best possible access to capital. In this TED Talk he proposes an innovative concept that encourages large corporations to pay their vendors early to breed a more sustainable cash flow for growing SMEs.
One life-changing class you never took: Alexa von Tobel
Alexa von Tobel is the founder and CEO of LearnVest.com, a leading personal finance and lifestyle website that brings financial literacy to women. In this TED Talk she talks about the lack of formal education people receive on managing their finances, and why everyone should be more conscious of their money and what it is being spent on. This applies to both business, from the CEO to the accountant, as well as personal spending.
Shlomo Benartzi: Saving for tomorrow, tomorrow
It’s easy not to think about the future when you’re doing well in the present, but putting away money for the future is a crucial part of managing your finances. According to behavior analyst Shlomo Benartzi, people often refrain from saving because it cuts into their current spending and they feel it as a loss (despite getting it back at a later date). The key to changing this is a shift in mindset as well as a strategic plan to go along with it.
We hope you’ve enjoyed this week’s post on money management. Follow us on Twitter for more TED Talks, Tips from the Experts and insight pieces.