Archive | Psychology of Money

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Profitable Ideas: Your First Bear Market Rodeo is the Hardest, Everything Compounds, and More

Weekly roundup of recommended personal finance articles from around the web. Navigating the pain of your first bear market (A Wealth of Common Sense). Words of wisdom for all investors, but especially new investors. Everything compounds (Humble Dollar). One of the most important concepts in money management, and in life. Scams are showing up at […]

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Keeping a Steady Hand on the Wheel Under Changing Financial Conditions

The way we buy cars offers a great example of what I call “binge/purge” money management. For the auto industry, 2018 was a solid year. Some 17.3 million vehicles were sold, with SUVs and trucks leading the way. Auto industry writers, such as Jason Unrau, attributed the strong sales, in large part, to low gas […]

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Profitable Ideas: The “Overfinancialized” Life, Fuel-Efficient Routing, and More

Weekly roundup of recommended personal finance articles from around the web. The overfinancialization of everything (Young Money). Don’t go through life understanding the cost of everything but the value of nothing. Why watching decluttering videos feels so good (Wired). But how many videos will it take before we actually tackle the junk drawer? For every […]

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Profitable Ideas: Easing Your Money Worries, Teaching Kids an Invaluable Lesson, and More

Weekly roundup of recommended personal finance articles from around the web. Stop worrying about money (Living Well, Spending Less). Good, practical steps for getting to a better place with money. 4 lies our consumer society is telling you that you should reject right now (No Sidebar). Our culture speaks to us every day, often in […]

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Profitable Ideas: Rewriting Your Money Script, Becoming a Better Investor, and More

Weekly roundup of recommended personal finance articles from around the web. How to figure out your “money script” — and change the way you handle your finances (Money Ning). We all have conversations about money going on in our minds. Change the conversation and you could change your experience with money. The difference between busy and […]

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Choose Your Financial Role Models Well

The comparison game is hard to avoid. It’s been played for a long time, and lately it’s become even more challenging. “I think the difference today is the unending nature of knowing what ‘the Joneses’ do, given technology. Purchases, vacations, educations are all broadcast via social media and other means.” That’s Sarah Stanley Fallaw, Founder […]

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Profitable Ideas: Defining “Rich,” Fail-Proofing Your Budget, and More

Weekly roundup of recommended personal finance articles from around the web. Are you rich? How the wealthy are defined (US News). How would you answer that question? Retailers use psychology to influence your buying decisions, here’s how (World Economic Forum). What percentage of your typical grocery run do you think consists of impulse buys? 5 […]

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Profitable Ideas: Mega-Deals in the Metaverse, Words of Minimalist Wisdom, and More

Weekly roundup of recommended personal finance articles from around the web. Metaverse real estate sales top $500 million, and are projected to double this year (CNBC). This may sound like a scene from the distant future, but it’s happening now. Don’t expect rising interest rates to boost your savings account (Wall Street Journal). Why loans […]

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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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