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Money

205 STASHED IDEAS

Money decisions are related to emotions. According to a 2019 UK survey, money is the number one cause of stress.


Tips to help overcome this phobia.


  • Cognitive behavioural therapy (CBT) is a practical approach that focuses on making changes by looking at underlying problems.
  • To get a better emotional return on your spending, people should spend on what they value most and save on what they value the least.
  • Identifying emotional triggers can help to self-manage.
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Stashed ideas

bbc.com

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 how we feel about money, and is key to a healthy, prosperous relationship with wealth, no matter how much we have or earn.
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.

Robert Kiyosaki

β€œA person can be highly educated, professionally successful, and financially illiterate.”

2 mindsets of building wealth
  • Spending mindset: People who stay poor or middle class see money as something to be spent.
  • Investing mindset: People who become rich see money as something to be invested.

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