The psychology of money
Our psychological makeup works against us, giving us reasons to put off exercising or eating healthier. The same behavior causes us to delay setting up our savings plan, and makes us overpay on big-ticket items, even though those decisions cost us thousands of dollars.
I’ve written a few articles on how to destroy the barriers that get in the way of you leading a Rich life. And a lot more on the psychology of investing and personal finance.
Overcoming passive barriers
- Barriers are your enemy. My original article on overcoming barriers.
- Use barriers to prevent yourself from spending money. A psychological hack to save you money.
The psychology of money and success
- 7 lies we tell ourselves about money. How many are you guilty of?
- Why do delusional people think their spending will be different than other people’s?
- High earners in debt. A high income solves most problems, but not for everybody.
- The psychology of making huge career jumps. Don’t let your friends’ judgments stop you from being successful.
- The last mile of Saving. A guest post from DailyWorth on the psychology of money, going the last mile and locking in our savings.
- Rebalancing & asset allocation: critical for investing. So why don’t you do it? What you need to know about rebalancing your portfolio.
Even more investor psychology articles
- Education is not the solution to all personal-finance problems
- “Ugh, why don’t fat people just eat less?”
- Is frugality about saving money or making you feel less guilty?
- Why my friend invests in an insanely expensive fund and why I don’t. Answer: because he’d rather be sexy than rich.
Must-read psychology book
Here’s a review of a book on behavioral psychology that I love.
- Mental Accounting: Why Smart People Make Big Money Mistakes. Why people overpay on big-ticket items.
If you like these, you can find more of my favorite books on psychology and more here.
Sign up for my email newsletter to receive more psychological hacks, investor psychology articles and a ton of cool stuff I never, ever mention on this blog.