Making money isn’t as easy as some people claim it is, particularly when it comes to investing. If you want to make it in real estate, the stock market, commodities trading, or you simply want to manage your retirement funds, you need to train your brain to think in terms of money and finance.
There are two components to training your brain to “think money.” You need to keep your brain healthy for starters. You can’t train an unhealthy brain. Then, you need to learn how to read the markets. Regardless of your money-making choice, you need to learn how to understand the people who are investing with, for, or against you. Here are some tips to help you get started on both aspects of training your brain to make money.
Eat Brain Foods
A diet rich in omega-3 fatty acids, antioxidants, and anti-inflammatory agents can help keep your brain operating at its peak. Specific options that tick some or all of these categories include fish, coffee, dark chocolate, blueberries, and turmeric. Avoid processed foods, fried foods, and sugar-rich foods. Eat lots of fresh fruits and vegetables high in zinc, calcium, magnesium, and iron.
Reading is a double whammy because it not only improves your brain on a fundamental level, it has the potential to boost your knowledge of the world and what’s going on in it. Don’t just read the financial section of your local newspaper, keep abreast of everything from celebrity trends to obscure topics like engineering and astrophysics. Read papers and news from far and wide as well. Sometimes a single line in a news story can be enough to set you off down the right investment path.
Exercise, beyond improving physical fitness, is beneficial to the brain. Studies show that exercise improves blood flow to the brain, helping to boost neuron health by delivering nutrients and taking away waste. People who exercise regularly actually have larger brains compared to those who do not. As an added bonus, getting adequate exercise can help improve your sleep, which is another great way to boost brain function.
Understand the Ways of Making Money
Did you know there are four broad mechanisms for making money? If you didn’t read “Rich Dad’s Cashflow Quadrant: Guide to Financial Freedom” to learn about employment, self-employment, business, and investing, you may want to consider it. As it turns out, you can’t be an investor until you understand business and you can’t understand business without first being self-employed. Of course, being self-employed generally requires capital, which is where employment comes in. Read the book, it is very insightful.
IGF1 and Supplements for Brain Health
Supplements like reservatrol, caffeine, creatine, ginkgo biloba, carnitine (an amino acid) and others can help to improve brain function. There is a lot of research into how to protect the brain from neurologic injury (e.g. dementia, stroke) and out of that research has come useful information about how to preserve brain function through diet. Right now, scientists are working on the next generation of brain preservation tools. Short peptides, like IGF1 (IGF-1) are being tested in animal models for their ability to protect neurons and improve brain function. IGF1 has been found to improve cognitive function and is being actively investigated for the clues it might offer about human brain function and how to maximize it. You can read more about IGF-1 research here;
There is no shame in asking for help when it comes to making money. None of us are born with the skill to be great investors, so we must learn it somewhere. Some people are lucky to have parents who teach them how to manage money and invest wisely. For others, help must be sought outside the family. Look for a mentor to guide you or find a financial advisor who will help you invest, offer input on your investment strategies, and protect you from making common mistakes.