Even most people who do not stay abreast of the investment industry will have heard of Bernie Madoff. He was the CEO of a company that scammed millions from wealthy investors and celebrities. How did that happen? Never underestimate the power of “missing out on a good thing”. We all fall into it at some… Continue reading The Power of FOMO
Category: Money Behaviors
The Urge to Help
Part of what makes us human is the wonderful urge to help others of the species when they experience difficulty. All we have to do is look at the outpouring of money to other countries – to people we’ve never met-when they experience floods and earthquakes. This is a wonderful human quality. We just need… Continue reading The Urge to Help
7 Signs You are in Financial Denial
Our guest blogger is Eric Dammann, clinical psychologist and financial coach in NYC. Financial denial can be so harmful to my clients. It works in the background, and often goes unnoticed until it’s too late. What is denial? It’s a defense mechanism we use to protect ourselves from unpleasant emotions and thoughts. Defense mechanisms are… Continue reading 7 Signs You are in Financial Denial
Are We Too Spoiled to Save Money?
Meet Allan Liwanag, Twitter handle @PracticalSaver living in the state of Maryland. Allan has graciously allowed me to interview him about his money beliefs and behaviors. Allan is an avid saver but he didn’t come by it naturally. Here is his story. Allan is a husband and father of one child. He and his wife are committed… Continue reading Are We Too Spoiled to Save Money?
6 Questions to Slow a Shopaholic Part 5
These tips are taken from “To Buy or Not to Buy: Why We Over Shop and How to Stop” by April Lane Benson, PhD (2008) as published in Adrian Furnham’s most recent book “The New Psychology of Money”. The trick to changing a behavior is to understand why you are doing it, notice when you… Continue reading 6 Questions to Slow a Shopaholic Part 5
Are We Too Spoiled to Save Money?
Meet Allan Liwanag, Twitter handle @PracticalSaver living in the state of Maryland. Allan has graciously allowed me to interview him about his money beliefs and behaviors. Allan is an avid saver but he didn’t come by it naturally. Here is his story. Allan is a husband and father of one child. He and his wife are committed… Continue reading Are We Too Spoiled to Save Money?
How Your Feeling Brain Blows Your Budget – Part 1
Jason Zweig does a great job of explaining the two sides of our brain in Your Money & Your Brain. We have the “thinking” or Reflective side; and we have the “feeling” or Reflexive side. Our Reflexive side is used more often daily – it is our automatic pilot, or intuition. The reflexive, feeling brain… Continue reading How Your Feeling Brain Blows Your Budget – Part 1
Are You in the Right Tribe? 3 Key Indicators
“Tribe” is a new word, and a very old word. It’s used a lot in the women’s networking world – “finding your tribe”. This blog came to me after finding my own networking tribe after a 2-year search. I’m also reminded of how I am surrounded by my true tribe in life, which keeps me… Continue reading Are You in the Right Tribe? 3 Key Indicators
How Your Feeling Brain Buys the Wrong Investments –Part 2
Even if you just buy company stock or mutual funds in your 401(k), you are still considered an investor, and this blog is for you. In our last blog, we talked about the “feeling” brain and the “thinking” brain. We run on our Feeling brain most of the day until we kick in our Thinking… Continue reading How Your Feeling Brain Buys the Wrong Investments –Part 2
Are You Tying the Knot for the Second (or third) Time?
“I wish I discussed finances before I got married last time.” Sound familiar? Did you know past statistics have shown that in the U.S. approximately 50% percent of first marriages, 67% of second, and 73% of third marriages end in divorce?* Not surprisingly, a major cause of divorce in marriages is money. * You’ve found that… Continue reading Are You Tying the Knot for the Second (or third) Time?