Posts tagged as:

psychology

More Stress, Less Money? Ways That Stress Can Cause Your Spending to Increase

June 23, 2009 · 12 comments

in behavioral finance, financial education, lifehack, money decisions, money lessons, psychology

If you’re frequently stressed out, do you tend to make bad money decisions?  My answer is yes.  If you know you’re under stress, keep an eye on your bank account and your budget, if you have one.  And it’s not just financial stress that causes bad financial decisions.  Sometimes the necessary pursuit of money itself [...]

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4 Tips for Having Conversations with Parents (and Others) About Money

June 12, 2009 · 4 comments

in behavioral finance, emotions, finances, financial planning, money decisions, money lessons, psychology

It may not be part of the old adage about religion and politics, but money still has the ability to divide and get people worked up.  Perhaps it is the hugely abstract idea(s) behind our physical use of money that cause(s) this problem.  Money is linked to the ideas of “value” and “worth.” How much [...]

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5 Ways To Maximize Your Life Leverage and Achieve Your Best Through Effective Effort

May 25, 2009 · 3 comments

in achievement, discipline, psychology, success

In the world of finance, leverage can either refer to (1) the use of a small portion of your own money to achieve bigger gains (with less of your own money at risk) or (2) the use of other people’s (borrowed) money for the same reasons.  Either way, I kind of see it in terms [...]

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Only The Mediocre Are Always At Their Best

May 24, 2009 · 2 comments

in determination, psychology, success

Thus once said French novelist Jean Giraudoux.  Think about this for a moment. At first it looks like it’s a statement about “the mediocre” – you know, lots of other people — slackers — but not yourself, right?  But then you think about it some more and the meaning shifts a bit.
You’re not a “mediocre” [...]

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Money Lessons Applied to Life: How To Build Your Mental Emergency Fund

May 15, 2009 · 4 comments

in emergency fund, financial planning, lifehack, psychology

What?! A mental emergency fund?  Yes; this is an analogy I thought of while walking on campus today.  Just as we want to have a savings fund large enough to be able to handle seriously unexpected expenses, accidents, and the unfortunate events of our lives, so too we need to have some sort of psychological [...]

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If You Want To Feel Rich, Count the Things You Have That Money Can’t Buy

May 14, 2009 · 11 comments

in happiness, moneyenergy, psychology, success, wealth

This post is inspired by a tweet that @libertygirl3 made last night on Twitter.  She said “If you want to feel rich, count the things you have that money can’t buy.”
Immediately I was struck by the simple truth of this statement. This time, it didn’t hit me as a cliche or adage at all.  This [...]

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Goals on Fire: The Link Between Personal Finance and Positive Thinking

April 22, 2009 · 0 comments

in discipline, goals, psychology

Goals and discipline. We make life goals; we make financial goals.  We don’t always follow through on goals.
When I did some thinking about it the other day, I realized that discipline is just being able to stretch out that initial burst of motivation you had for your goal and distributing it over time.  We need [...]

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