Financial Psychology

How does spending money make you feel? For some, it’s painful. For others, it brings excitement. Regardless, the complex nature of spending is what makes money emotional and often challenging to discuss.

Anything important to you in life directly impacts your emotions, and for many, that includes money.

You may need less to retire than you thought. Have you ran the numbers? How much life are you missing out on due to incorrect assumptions?

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.

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.

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