The Psychology Of Money Presentation

Money is one of the most important factors in many people’s lives, but you wouldn’t know it if you were to walk into the average person’s bedroom. Why aren’t there piles of dollar bills stashed under your mattress? Why don’t you have cash lying on your dresser? You may think that money isn’t important to you, but this isn’t necessarily true. Money does matter, even if we don’t want to admit it or are unaware of its impact on our daily lives.


The Psychology of Money: How Our Relationship With Money Affects Our Lives




1. Help others

Helping others


One of reasons why we fail financially is because we spend money on ourselves. We spend money on our vices and forget that there are people out there in need. Generosity can be a powerful gift you give yourself as well as others, and it doesn’t have to cost you much in terms of your finances or time. Even small acts of kindness can go a long way for someone else who needs it. Generosity isn’t something that has to drain your bank account or schedule; just make sure that you don’t confuse generosity with spending money on yourself (that is called selfishness). You will find that being generous makes you feel good all around, which can help ease your financial woes even more.


2. What is your relationship with money?

Relation with money


We all have some kind of relationship with money, but that doesn’t mean they’re all healthy. In fact, a toxic relationship with money can result in poor financial behavior including overspending or hoarding too much cash. If you have a difficult time making ends meet each month or find yourself making constant impulse purchases on things like fast food or junk food, take a step back and examine your emotional connections to money. Perhaps part of your unhealthy relation is driven by fear? If so try to find ways to alleviate those fears through budgeting or forming a financial plan for the future. Consider adopting healthy behaviors that will encourage long term wealth building such as saving for retirement early or cutting down on expenses through smart shopping strategies like comparison shopping or using coupons at grocery stores.


3. Why do we have issues with money?

money issues


What if I told you that it isn’t simply a matter of not having enough money? While that might be true, there are other, deeper issues at play. Most people have some sort of issue with money and we don’t know why. From insecurity about how much we make to feelings of guilt when spending a certain amount or just irrational feelings around having more than enough—the way we relate to money is often confusing and complicated. Understanding how our relationship with money developed can help shed light on why those feelings are there, why they linger and what’s holding us back from changing them—and thus changing our lives for the better. But figuring out your unique story is far from easy...which is where psychoanalytic techniques can lend a hand.


4. How does poverty affect people?

Poor people


What do we do with that knowledge? Researchers often look at their results and wonder, How can I use these findings to help people who are struggling financially? It’s great to analyze poverty, but how can we take action against it? I think about poverty a lot. You might say I have an obsession with it, says Shafir. We still don’t really understand why some people escape from poverty and others remain mired in it for long periods of time. But one thing that is clear is that any solution must involve more than just money. We need to invest in human capital and provide services so that kids can develop skills they will be able to draw on later in life.

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