Financial Psychology
Weekend Reading: Are You Prepared For Your Financial Failure?
Did you know envisioning negative outcomes can actually pave the way for success and resilience?
Weekend Reading: The Availability Bias: How to Overcome a Common Cognitive Distortion
Ever made a snap judgment about an investment based on a recent news story or a friend's hot tip? You've fallen victim to the "availability heuristic," a common mental shortcut where we overestimate the importance of easily recalled information.
Weekend Reading: How to Stop Carrying Too Much Financial Anxiety
Are your financial worries preventing you from living the fulfilling life you deserve? Tomorrow isn’t promised and time is priceless. There’s no better moment than the present to take action and get ahead of your anxieties before they overwhelm you.
Weekend Reading: Understanding and Overcoming FOBO (Fear of Better Options)
Have you ever avoided making a decision due to worry that a better option might exist? This is called FOBO, a psychological phenomenon that causes analysis paralysis and makes decision-making stressful.
Weekend Reading: A Few Laws of Getting Rich
Your pursuit of financial independence and wealth is one many share. However, when it comes to being “rich”, a life affluent of money doesn’t guarantee a life void of conflict.
Weekend Reading: The Most Important Thing That Counts in Investing
Your ability to build strong character takes time and often occurs during seasons of crisis and distress. In these instances, reflect on your reactions, learn from your mistakes and seek lessons from the experience.
Weekend Reading: A Bit of a Bad Thing
Your financial plan, investment strategy and your life are all about balance. It’s all poison, if you absorb too much of it.
Weekend Reading: How to Coach Investors Through Choice Overload
You have access to a wealth of information and tools for making investment choices in today’s world. However, this abundance of choices can lead to feeling overwhelmed, thus hindering your ability to make well-informed decisions.
Weekend Reading: Making Us Work
What is your financial personality, and how does it mesh with your spouse or partner? According to author Marjorie Kondrack, there are four common money personalities, some of which can counteract one another and result in ongoing financial conflicts.
Weekend Reading: If it Makes You Happy
How does spending money make you feel? For some, it’s painful. For others, it brings excitement. Regardless, the complex nature of spending is what makes money emotional and often challenging to discuss.
Weekend Reading: Why Are We So Emotional About Money?
Anything important to you in life directly impacts your emotions, and for many, that includes money.
Weekend Reading: You Probably Need Less Money Than You Think for Retirement
You may need less to retire than you thought. Have you ran the numbers? How much life are you missing out on due to incorrect assumptions?