Learn more about moneyandinvestments with this collection
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Our relationship with money is emotional
Money is so much more than dollars and cents. Our relationship with money is emotional. Hopes and fears, guilt, and shame can all play a significant role in our financial life.
And those feelings can be tied to lots of things: our upbringing, our environment, and all the money messaging in the world and the media.
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Changing bad money habits
- You can't break something that you don't acknowledge and see. Ask yourself: what is the habit that I'm seeing in myself?
- Explore where it came from.
- Practice in a safe environment.
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Financial wholeness
Financial wholeness happens when all aspects of your financial life (budgeting, savings, debt, credit, learning to earn, investing, insurance, net worth) are working congruently for your greatest good, your biggest benefit and your richest life.
It doesn't ...
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Mindful spending
Before spending money on something, ask yourself: Do I need it? Do I love it? Do I like it? Do I want it?
- Needs relate to: food, shelter, clothing, water. Things you must have to maintain your health and safety.
- Loves will continue to give you joy six months to a year...
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Key Takeaways
- Money is not just a tool for buying things, it also shapes our emotions & attitudes in ways that can be both positive and negative.
- The way we think about money is often irrational & influenced by emotions, which can lead to poor financial decisions.
- The role of luck in finan...
The psychology behind our relationship with money
Anything important in our lives is emotional. Our relationships are emotional. So our money is emotional.
The problem is when we think money is all about math. We think questions like, "Should I buy a house?, or "Should I negotiate a higher salary?" is purely mathematical.
Your EQ And The Relationship With Money
- EQ means emotional intelligence, our ability to understand emotions and handle them without letting them overpower us.
- EQ is a powerful social skill that helps us recognize, understand and distinguish the feelings of ourselves and the people around us.
- Money EQ is...
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