How will we manage our finances in 10-20 years?

We are at the threshold of a new era where financial management can be fully automated and your financial decisions optimized with superior human intelligence. But what does this mean for you? How will these changes affect your daily life, your financial goals, and your future?
4 min

Imagine your financial life in 10, 20, or even 50 years. Will you personally manage every expense and investment, or will it seem as outdated as keeping paper records of money now?

We are at the threshold of a new era where financial management can be fully automated and your financial decisions optimized with superior human intelligence. But what does this mean for you? How will these changes affect your daily life, your financial goals, and your future?

1. Use of cognitive training methods. Virtual reality for working out complex solutions without risks. Financial literacy since childhood.

Impact on private life. Imagine a 16-year-old teenager who can practice investing in the stock market in a VR environment, learning to understand market trends and risk management. And it will be just part of the school curriculum.

Impact on financial markets. With the rise of financial literacy thanks to VR technologies, more people can become knowledgeable investors. This could lead to increased trading volumes on the stock market and greater stability, as investors would be better prepared to respond to market fluctuations. This will smooth out all the processes. Perhaps we will not have such crises as we have seen. And finally, something like financial stability will come.

Targeted stimulation of the relevant areas of the cerebral cortex, which regulates self-control, impulsivity, etc., using transcranial magnetic stimulation. strong, lbstrong.

Impact on personal life.
Imagine Maria, a 30-year-old manager who uses a wearable neurostimulation device to improve her focus and concentration while working on financial reports. The device helps her concentrate better, manage her stress effectively, and make informed financial decisions without impulsive spending. This not only improves her financial planning but also makes her more productive and satisfied with her work.

Impact on financial markets. If the majority of investors use neurostimulation to increase self-control and stress resistance, this could lead to more rational, less emotionally driven decision-making in the markets. This can result in lower volatility and avoid panic selling or excessive speculation. Instead of sharp fluctuations, which are often caused by the emotional reactions of investors, markets can become more stable and predictable, providing more even growth.

3. Influencing the decision-making process by activating or suppressing certain genes that regulate financial behavior using CRISPR/Cas9 technology.

Impact on private life. Let there be a man, Victor, a 40-year-old financial analyst who has a natural tendency to impulsive purchases, which negatively affects his finances. He decides to undergo genetic treatment that corrects certain markers in his DNA responsible for impulsive behaviour. After this treatment, Viktor feels that his ability to plan for the long term and avoid unnecessary purchases has improved significantly. This leads to more stable financial management and increased savings.

Impact on financial markets. Here, too, volatility will decrease and markets will become more stable.

4. Personal AI assistants to analyse operations and make optimal decisions.

Impact on private life. Imagine having a personal AI assistant. It is integrated with all your bank and investment accounts, as well as your daily financial transactions. It analyses your expenses, income, investment portfolios, and even your shopping habits. Based on this analysis, the assistant provides you with personalized recommendations, from budget optimization to investment advice tailored to your risk profile.

Impact on financial markets. Markets driven by data and AI algorithms can become more transparent, efficient, and dynamic, providing greater liquidity and new opportunities for investors of all levels.

5. Applications with access to all transactions for optimization.

Impact on private life. For example, Olena, a 32-year-old teacher, uses an app that syncs with all her bank and credit accounts, automatically categorizing transactions and identifying spending trends. The app offers her ways to reduce unnecessary expenses, optimize loan payments, and increase the efficiency of her savings.

Impact on financial markets. On a broader level, it will promote greater financial inclusion and education as people become more aware and in control of their financial decisions. Markets could become more stable as investment and consumer decisions are based on a deeper understanding of their own financial habits and capabilities.

6. The ability to block suboptimal decisions in real time.

Impact on personal life.
Imagine, for example, Artem, who has a habit of making impulsive purchases online. He uses a financial app with a blocking feature that analyses his transaction history and identifies potentially imprudent spending. When Artem tries to make a purchase that doesn’t meet his set financial goals or budget, the app automatically sends a warning or even temporarily blocks the transaction, giving him time to rethink his decision.

Impact on financial markets. Volatility is down again and the market is calmer.

7. Quantum computers for instant analysis of all options and scenarios.

Impact on personal life.
In the future, the use of quantum computers could revolutionize the way we manage our finances, particularly in terms of investment and risk management. These powerful machines will be able to analyze millions of financial scenarios instantly, allowing individual investors like Lyudmila, a 45-year-old economist, to get an in-depth analysis of market trends and forecasts. This will allow it to make quicker and more informed decisions about its investments, minimizing risks and optimizing potential profits. Also, it can personalize its strategy by adding what it deems necessary based on various statistics.

Impact on financial markets. The use of quantum computers to analyze financial markets could radically change the landscape of investment and trading. Quantum computers have the potential to process data and calculate possible scenarios with unprecedented speed and accuracy. This means that investment strategies and decisions can be optimized based on in-depth analysis of huge amounts of data, including historical trends, current market conditions, and even forecasts of future changes.

8. The use of blockchain technologies and smart contracts to fully automate routine human financial transactions according to predefined algorithms and rules.

Impact on personal life.
Imagine, for example, Sofia using a financial app that is integrated with blockchain technology. This app automatically performs routine financial transactions, such as paying bills, transferring funds, or investing, based on the rules and priorities set by Sofia. Smart contracts ensure that every transaction is executed exactly as agreed, minimizing the risk of errors or delays.

Impact on financial markets. This can contribute to greater liquidity in the markets, as transactions can be executed more quickly and without unnecessary bureaucratic hurdles. In the long term, the widespread adoption of these technologies could change the way financial markets operate, making them more accessible, transparent and efficient for market participants at all levels.

9. Digital copies of the personality for virtual testing of strategies.

Impact on personal life. For example, Andrey, a software engineer, creates a digital copy of his identity in an application. This copy uses information about his financial habits, risk preferences, and goals to model different investment strategies. He can see the potential outcomes of these strategies in the virtual world, which will help him make more informed decisions in real life. In general, to see yourself from the outside.

10. Quantum teleportation of market data in real time.

Here, the impact will be more on the financial markets. It can also lead to greater market integration as global markets become more interconnected through instantaneous data exchange. On the other hand, this could increase volatility as markets react more quickly to news and events. Ultimately, this technology can contribute to the creation of more globalized, transparent, and faster financial markets.

11. Extending the life of investment strategies by hundreds of years.

Impact on private life. Maxim, a 40-year-old businessman, can plan his investments for the next 200 years, instead of the traditional 20-30 years. This means that it can focus on the long-term growth and sustainability of its assets, as well as investing in technologies and resources that will be important in the distant future.

Impact on financial markets. The impact of life-extending technologies on financial markets can be profound. Investors who plan hundreds of years will have greater incentives to invest in projects that offer long-term growth and sustainability, such as in the environment, education, research, and infrastructure development. In areas that require long-term financial attention.

This could also lead to a change in the structure of capital markets, as more capital is channeled towards long-term investments. Markets may become more future-oriented, with a greater focus on sustainability and long-term development prospects. This could also stimulate innovation and research in various fields, as long-term investments will become more in demand.

12. Fundamentally new payment instruments based on quantum information.

You might be thinking, what could be cooler than bitcoin? I don’t know either. However, the concept of using quantum information as the basis of a currency or means of payment opens up some unique opportunities. But we won’t find out today.

The financial sector is just one of many that can be transformed by advanced technologies. That is, we have analyzed only one seed among many. No technology is implemented easily and without problems, so we face difficult challenges on our development path. However, it is precisely these challenges that open up interesting opportunities for us. These changes can lead to greater financial stability and rational decision-making in financial markets, as people intended at the beginning of the introduction of the economy.