The Psychology of Wealth – Why Your Future Self is a Stranger with Hal Hershfield

Have you ever wondered why some people make financial decisions with ease while others constantly struggle to strike a balance between living for today and saving for tomorrow? In this episode of The Purposeful Investor, hosts Aden Wilkins and David Andrews are joined by a world-leading expert in behavioural decision-making: Professor Hal Hershfield from UCLA’s Anderson School of Management. Together, they dive deep into the fascinating intersection of money and psychology. From the “Future Self Continuity” that dictates our saving habits to the hidden dangers of “Hyperopia” (the fear of spending), this conversation provides a roadmap for successful Australian families who want to maximise their well-being without letting money become an obsession.