Learn more about psychology with this collection
How to close the deal
How to handle objections
How to present your value to your employer
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.
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Shifting your mindset
- The easiest way to reframe your mindset is to switch how you think about it. Instead of thinking about what your loan couldn't do for you, consider how you benefited from it. Maybe you met good friends, or you had valuable experiences.
- Investigate your ideas, thoughts, and feelings a...
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Feelings and debt
Your feelings do not correspond with your debt. You may think you will be happy if you pay off your debt, but you will always have something else to worry about. This just means that your emotions don't give an accurate picture of your financial situation.
You may b...
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Understanding money can be fun
- Know that emotions about money are okay. Use your feelings to understand your values, your needs, your wants.
- Educate yourself about money. Know what compound interest, investments, etc. mean.
- Money can inspire and motivate you.
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Negative emotions about money
It is normal to feel negative about money. For example, you may be paying off a college loan and feel anxious and guilty when thinking about your debt.
You may fixate on all the feelings around the terms of a loan, the interest on the loan, how much money you have to make a payment, the...
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IDEAS CURATED BY
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Other curated ideas on this topic:
Extrapolating our thoughts
A few examples of how we extrapolate our exceptions all the time:
- “House prices will probably keep increasing.”
- “That person will never change.”
- “My business will keep growing.”
- “I will never learn from my mistakes.”
- “He do...
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...
The problem with anger
Anger is an antidepressant. Awareness of this pattern of judgmentalness leading to anger serves to alleviate a painful emotion like sadness. We should take a closer look at our emotional lives.
Anger makes us passive. While you invest your time and energy ...
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