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Why You Feel Overwhelmed, Dumb, and Lost When Faced With Financial (Or Any) Decisions

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Manage episode 394604532 series 3012470
Content provided by David DeWitt, CFP® and David DeWitt. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by David DeWitt, CFP® and David DeWitt or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

In this episode, we dive into the brain's role in financial decision-making, with a special focus on individuals with ADHD. We follow the story of Jordan, who grapples with typical financial decisions, such as whether to make an extra mortgage payment or invest in stocks. Experts like E Sonuga-Barke, G Fairchild, and A Stringaris provide insights into the unique challenges faced by those with ADHD.

We examine how the default mode network, essential for planning and self-reflection, and the amygdala's reward-seeking behavior contribute to impulsive financial decisions that can impact long-term stability.

The episode explores the workings of the ADHD brain, particularly the prefrontal cortex's role in controlling attention and impulses, and the interactions of the frontostriatal and frontoparietal circuits. We also discuss the crucial functions of the anterior cingulate cortex in emotional regulation and the orbitofrontal cortex in error detection, offering a glimpse into the ADHD brain's approach to financial planning.

By the end of this episode, listeners will have a deeper understanding of the complexities of the ADHD mind and the strategies that can assist in navigating the financial challenges associated with it.
Head over to our YouTube channel for the full experience on future episodes.

Learn more about ADHD-friendly financial coaching
Follow me on YouTube
Subscribe to the newsletter

  continue reading

Chapters

1. Understanding ADHD and Financial Decision Making (00:00:00)

2. The Struggle of Decision-Making With ADHD (00:04:38)

3. Brain's Impact on Decision Making (00:09:29)

77 episodes

Artwork
iconShare
 
Manage episode 394604532 series 3012470
Content provided by David DeWitt, CFP® and David DeWitt. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by David DeWitt, CFP® and David DeWitt or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

In this episode, we dive into the brain's role in financial decision-making, with a special focus on individuals with ADHD. We follow the story of Jordan, who grapples with typical financial decisions, such as whether to make an extra mortgage payment or invest in stocks. Experts like E Sonuga-Barke, G Fairchild, and A Stringaris provide insights into the unique challenges faced by those with ADHD.

We examine how the default mode network, essential for planning and self-reflection, and the amygdala's reward-seeking behavior contribute to impulsive financial decisions that can impact long-term stability.

The episode explores the workings of the ADHD brain, particularly the prefrontal cortex's role in controlling attention and impulses, and the interactions of the frontostriatal and frontoparietal circuits. We also discuss the crucial functions of the anterior cingulate cortex in emotional regulation and the orbitofrontal cortex in error detection, offering a glimpse into the ADHD brain's approach to financial planning.

By the end of this episode, listeners will have a deeper understanding of the complexities of the ADHD mind and the strategies that can assist in navigating the financial challenges associated with it.
Head over to our YouTube channel for the full experience on future episodes.

Learn more about ADHD-friendly financial coaching
Follow me on YouTube
Subscribe to the newsletter

  continue reading

Chapters

1. Understanding ADHD and Financial Decision Making (00:00:00)

2. The Struggle of Decision-Making With ADHD (00:04:38)

3. Brain's Impact on Decision Making (00:09:29)

77 episodes

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