Financial Psychology

You’ll find it’s not what happens throughout your financial life that has the most impact, but how you react to it.

Have you ever pinpointed your Myers Briggs personality type? It can be insightful to better understand who you are, but when it comes to your investing mindset, here’s another framework worth checking out.

Money undeniably holds a significant place in your life. The stress and anxiety experienced when bills are due, for example, highlights the emotional impact it can create. Recognizing that money is a construct, however, can help you approach your finances more rationally.

Physical finance examines the relationship between finance and various physical factors, such as weather patterns and solar activity.

One of the biggest culprits of inaction is analysis paralysis. You don’t make a move because you’re afraid it will be the wrong one or that it won’t pan out perfectly, but often, all you need to do is take that first step.

What can you take away from volatile times? Many investing lessons; Not just for 2023, but for life.

When presented with a list of options, the ability to make our own choice grants us control. However, when a default option is added to the mix, humans tend to run with the status quo.

One of – if not the biggest – financial priorities you might have is ensuring you have enough money. But what exactly is “Enough”?

Do you have any money regrets? Maybe you made a financial mistake years ago that still continues to bother you. Or, maybe recently you’re second guessing an investment decision or purchase you made.

Understanding what you can confidently keep in your wheelhouse first and foremost begins with recognizing what you have zero control over.

A healthy relationship with money can help lend to a life of fulfillment and financial independence, but it also involves being self aware of potential toxic money beliefs.

Money (more specifically, the thought of not having enough of it) can elicit fear for many reasons, but often, the biggest is due to it triggering a sense of survival.