55: How UCLA's Professor Hal Hershfield's work in connecting to your future self can change savings habits and transform lives

In this episode of Banking on Girls, we’re joined by Professor Hal Hershfield, a distinguished expert in marketing, behavioral decision-making, and psychology at UCLA’s Anderson School of Management. As the author of Your Future Self: How to Make Tomorrow Better Today, Professor Hershfield explores how understanding and connecting with our future selves can transform the way we make long-term financial decisions.

What You’ll Learn in This Episode:

• How Professor Hershfield’s research helps people visualize and emotionally connect with their future selves to improve saving behavior.
• How Professor Hershfield learned about money as a child and how he is raising his own children.
• Practical strategies for parents to teach children about saving, spending, and giving.

Key Takeaways:

• Building a connection with your future self can inspire actionable change in the present.
• Early financial education is crucial for instilling lifelong habits of thoughtful saving and spending.
• Simple, relatable techniques can help children and adults alike envision a more financially secure future.