Today, we are going to examine how to separate your emotions from money so you can be more objective in your money decisions.
To do this, the first step is to identify which emotions you are most susceptible to and the money situations that trigger these emotions.
Every time you let your emotions hijack your money making decision, you will feel a mixture of exhilaration, guilt, and regret.
When people have low Financial IQ, and as a result begin to suffer consequences such as chronic debt, loss of investment in a Ponzi scheme, or extreme poverty, they tend to develop deep feelings about money.
Welcome to the new Financial Intelligence series on Money and your Emotions.
This is a topic that concerns everyone that ever has anything to do with money.
At one time or the other, you may have made a financial decision out of emotion rather than reason.
You must learn to balance these three aspects of your emotion for you to have a smooth life.
I am very sure you are familiar with the song that says “Prayer is the key…Jesus started with prayer and ended with prayer….prayer is the master key” I like the song and I believe in it ?. However, in line with another saying that “Faith without Works is dead”, I’d also like to add that …
Prayer is the Master Key; Hard work is the Door Knob Read More »
Your dreams of Financial Freedom and luxury are what constitute your VISION.
I know you might be wondering what on earth could cause the FINTEL Coach to proud of being in debt. ? Debt is one financial term that gives many people breathing issues and heart attack. It is a painful reminder of the consequences of our poor financial decisions; our inability to utilize and maximize the resources …
Greed is an inordinate or insatiable longing for unneeded excess, especially for excess wealth, status, power, or food. It is an inordinate desire to acquire or possess more than one needs. (Wikipedia) From a moral standpoint, the word “greed” is usually the subject of reprove and is considered a sin. Jesus warned his followers to “take heed, and beware of …
An asset is something that makes you money while Liability is something that takes money out of your pocket. In this life, there will never be a greater asset than yourself. The amount of money you will be able to make in the nearest future is a function of the number of resources you …
