Behavior
For Financial Security, Behavior wins over Education and Intelligence
No amount of intelligence nor education will overcome bad behavior. Learning how your behavior is influenced by your brain will help you achieve Financial Security.
You Need To Be Your Best Advocate
Financial Security is accomplished by making decisions that help you grow your net worth. To make good decisions you need to identify what you need to do and what you need to change in order to accomplish your goals. Listen to your Self Advocate Voice to help you along the way.
Financial Security: The importance of covering the costs of your Basic Needs
Understanding the costs of your Basic Needs is the first step towards achieving Financial Security.
Learn How To Forgive And Believe In Yourself
Everyone struggles. There is no way to be human without struggling and even though it does not feel good, your character, fortitude, resilience, and ability to persevere in the face of hardship are strengthened.
A Podcast: Morgan Housel's, The Morgan Housel Podcast: Intelligence vs. Smarts
I previously recommended Morgan Housel's Book, The Psychology of Money. You can get a link to it below... a very good read to help with your future decision making.
I'm including a link to Morgan's Podcast, Smarts vs. Intelligence. I enjoy reading and listening to Podcasts and believe his podcast is a great one to bookmark. The episodes are short and filled with story telling that underscores the theme he discusses. Being smart and having emotional awareness will very likely lead to a better life than will having an above average level of intelligence.
Book on Behavioral Finance: Morgan Housel's, The Psychology of Money
Housel does a great job of illustrating how our brain processes risk, reward, greed and fear to help you better understand how important Behavior is to your financial well-being. Just about every chapter reinforced a personal perspective.
Housel does a great job of illustrating how our brain processes risk, reward, greed and fear to help you better understand how important Behavior is to your financial well-being. Just about every chapter reinforced a personal perspective.
Podcast Episode #177 Rational Reminder: Dr. Anna Lembke: Dopamine & Decision-Making
Two Canadians, Benjamin Felix and Cameron Passmore, are the hosts of the Rational Reminder podcast. They do a great job covering sensible investing and financial decision-making. In this episode, Felix and Passmore interview Stanford Dr. Anna Lembke author of Dopamine Nation.
It's a timely conversation that covers addiction, how dopamine operates in the brain, how addictive behaviors can be observed and, importantly, modified. Addictions cover a wide range of "drugs of choice" including, legal/illegal drugs, alcohol, gaming, shopping, porn, social media, online activities. One point Lembke makes is to consider a Dopamine Fast to help recalibrate your brain if you are concerned. Everyone is susceptible. Your mental health and financial security is at risk if you are suffering from any form of addiction. Help is available.
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