Archive | Psychology of Money

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An Identity Theft Like No Other

Identity theft has become a common crime, impacting millions people each year. As bad as the problem is, about a hundred years ago, an identity theft took place on a far grander scale. Everyone’s identity was stolen. Amazingly, this huge heist didn’t make headlines, and it didn’t prompt any calls for greater security. In fact, […]

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Navigating The Mixed Messages Of Our Consumer Culture

If you’re really paying attention, life can be a very odd experience. Especially when it comes to money. For example, in troubled economic times, front-page newspaper stories regularly quote economists expressing concern that the personal savings rate is going up. I still vividly remember reading one such story during a recession. I had to blink […]

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Profitable Ideas: Magic Beans, Selling a Sense of Groundedness, and More

Weekly roundup of interesting and helpful personal finance articles from around the web. Magic beans (The Reformed Broker). Who are you listening to for investment advice? I no longer want to shop (NY Times). How some time away from the mall changed this writer’s perspective on shopping. How has the pandemic changed your financial habits? […]

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Profitable Ideas: Your Brain is Not Your Financial Friend, The Mobile Investor, and More

Weekly roundup of interesting and helpful personal finance articles from around the web. Your behavioral biases could be causing you more financial harm than you realize (CNBC). In many ways, our brains seem to be wired to steer us off course. Your 401(k) isn’t free. Here’s how to figure out how much you’re paying in […]

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The Power of Clarity

Are you trying to make a positive change in your finances or some other area of your life? How clear are you about the change you’re trying to make? As Chip and Dan Heath researched Switch, their helpful book about what it takes to truly change something about our lives, they discovered several surprises. This […]

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