On the list of things that stress you the most, how high is money? For many people, financial problems are one of the main causes of stress, usually because there is not enough, and sometimes they have enough, but they worry about how well they are managing it. Managing your finances involves much more than paying bills. Most people don’t realize it but they are afraid of earning more than their parents. Just because wealth is uncharted territory in your family doesn’t mean you can’t be a trailblazer.
Money madness comes in many forms. Here are 3 common irrational traits. Do you recognize yourself in one or more of them?
- Silence. You can’t talk about money with your spouse. What you spend, how much you earn, how much you have in that secret bank account you keep are all off limits. It is much easier for him to talk about sex than cash.
- The hostage of spending. You spend more than you earn, as your salary keeps increasing. You buy things you don’t really need or even use and, after the spending spree, wish you hadn’t brought them in the first place.
- Aversion. You believe that money is the root of all evil and you want it to be kept as far away from you as possible. Financial world? Devils playground. wealthy people? Worthless only cares about material possessions. If everyone saw money the way you do, the world would be a much better place full of love.
When it comes to money, a new branch of science is being born, neuroeconomics. His economics and psychology the study of how people make decisions. Researchers who studied investment decisions found that most people were more loss-averse than profit-hungry. Does this sound familiar to you?
If it’s just money, why are we so obsessed with it? It doesn’t have to be complicated. To de-stress from your financial life, you need to do several things:
- Understand exactly how you really feel about money, including your biases and preconceptions.
- Continue to vigilantly acknowledge those biases so they don’t control you.
- Have very specific financial goals, both present and future.
- Know exactly how much comes in and goes out
The nonsense of money robs you of joy, tranquility and even physical health. Driving you to make foolish financial decisions. So don’t sabotage your financial life. Your relationship with money must be completely clear and free of intolerance.