Learn more about psychology with this collection
How to develop a healthy relationship with money
How to create a budget
The impact of emotions on financial decisions
Why the Psychology of Money Matters
Self-awareness is a valuable tool. You need to learn more about the way your mind works if you want to grow. Whether we’re talking about money or life as a whole, knowing yourself is a huge factor in creating meaningful change.
Personal finance is 20% head knowledge and 80% behavior. That’s why getting out of debt relies on changing your behavior instead of throwing a bunch of numbers and formulas at you.
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What Is the Psychology of Money?
The psychology of money is the study of our behavior with money.
Success with money isn’t about knowledge, IQ, or how good you are at math. It’s about behavior, and everyone is prone to certain behaviors over others.
Once you become aware of your tendencies, you ...
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How the Psychology of Money Affects Your Decisions
The truth is that money is just a magnifying glass—it makes you more of who you are.
If you’re kind and generous, you’ll be even more kind and generous with money. If you’re rude and self-centered, you’ll be even more rude and self-centered with money.
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Ways Psychology Affects Your Money
- Spender vs. Saver: Spenders can see so many creative possibilities when it comes to money. On the other hand, a saver’s first instinct is to not spend their money.
- Nerd vs. Free Spirit: Nerds genuinely look forward to organizing their bu...
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CURATED FROM
Understanding the Psychology of Money and What It’s Costing You
ramseysolutions.com
4 ideas
·9.21K reads
IDEAS CURATED BY
The psychology of money is the study of our behavior with money.
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