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
Category: Money Psychology
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 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?
Higher Prices Mean Higher Quality – Or Do They?
We often have sayings, biases, and assumptions that are built and reinforced over time. For example, we often assume that a higher price means higher quality. We also assume that most people are sensible and will figure out a cheap scam so if a product is priced incorrectly, it won’t last long. But is this… Continue reading Higher Prices Mean Higher Quality – Or Do They?
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?
Save Money – Choose Your Shopping Buddy Wisely
If we have a choice of companionship when it’s time to go shopping, we often choose friends with a like-minded attitude if we’re not with family. Women are encouraged to shop together for good reason – they’re unstoppable. Women take pride in carefully selecting goods and comparing. It can be a social occasion and emotional… Continue reading Save Money – Choose Your Shopping Buddy Wisely
Help Loved Ones by Putting Money Self-care on Your List
Sometimes my clients move appointments further out this time of year. When the sun is shining, barbecues are scheduled, and summer camp is around the corner, life is a flurry of activity. There is hope and warmth and fun. Money has traditionally been last on their list, falling behind TV re-reruns and cleaning out the… Continue reading Help Loved Ones by Putting Money Self-care on Your List
How Fear Clouds Reality
My clients are terrific. They are all unique with their own special gifts and ways of looking at the world. I learn something from each of them. And yet, the way they feel when they first come to me is so incredibly heartbreaking….and unnecessary.It takes incredible courage to admit that their financial situation isn’t where… Continue reading How Fear Clouds Reality
Losing Money? The $100,000 Noose Around Your Neck
I just finished reading Rich Dad Poor Dad. And I enjoyed the contrarian viewpoint on money and what it should mean. The suggestion that a house is a liability rather than an asset is thought provoking. Is a house just our emotion conquering our logical brain? Growth Over +20 Years Of course, the alternative to… Continue reading Losing Money? The $100,000 Noose Around Your Neck
5 Tips to Fight Tax Return Money Euphoria
We all know the feeling – when we’re getting a tax return and we feel, well, rich. Not rich like a millionaire, but richer than we were yesterday. It’s like gold falling from heaven. And then it starts. The “what can I use this money for” dreams begin. And believe it or not, we probably… Continue reading 5 Tips to Fight Tax Return Money Euphoria