Why Money is SO Emotional (& What To Do About It)
Christine M Luken
Founder of the Wealthy Woman Book Club?, Financial Dignity? Coach to High-Earning Professionals, Podcast Host of Money is Emotional
Did you know that it's impossible to make a purely logical financial decision, and science proves it?
This is why I get so frustrated when financial pros tell their clients to "just leave your emotions out of this money decision"! (Financial pros, if you've said this in the past, don't beat yourself up! You probably had no idea about this.)
But this isn't the ONLY reason why money is so emotional! Here are 2 more factors.
95% of our daily behavior is governed by our unconscious mind. Pretty crazy, right? Each of us has a "money blueprint" in our unconscious mind that contains all of our early childhood experiences with money that can still be driving our behavior on autopilot today.
The final reason that money is so emotional??Relationships!?Many of our financial decisions are colored by our relationships with other people. And this can cause us to make money decisions that seem irrational.
But no worries! I've got you covered with?a sure-fire technique to reframe financial decisions?that will help you pick a course of action you'll be happy with both now and later!
So, buckle up and listen in on this episode of the Money is Emotional podcast , where?we explore the brain science behind why money is so emotional and most importantly, what to do about it.
If you're intrigued and want to harness the power of your unconscious mind to win with money, check out my Magnetic Money Mindset? course!??
Founder of the Wealthy Woman Book Club?, Financial Dignity? Coach to High-Earning Professionals, Podcast Host of Money is Emotional
1 年Kevin Baker here's the podcast where I discuss emotion and decision making.
Founder and Owner, Assistants 4 Hire ? ?? Productivity Coach and Strategist ? ?? Experienced Speaker and Webinar Trainer ? ?? Former Class A PGA Golf Professional
2 年Christine Luken You always have such wonderful insights!
Giving sales executives and entrepreneurs a purpose for their wealth I Founder of Pashman Financial, LLC
2 年Very interesting! Good to examine this component of financial planning in each household.
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2 年Firstly, congratulations on your podcast, Christine Luken! Secondly, this article is a great reminder that emotions and financial decisions are intertwined. My own way of dealing with this is to make a financial plan and then stick to it.
Founder & CEO at Couplr.ai. Organic Growth Engine for Insurance & Wealth Management Companies and their Financial Advisors | REBL Dad | Speaker | Co-Host Rethink FA Podcast
2 年Again, spot on Christine Luken! Why not lean into one's emotions, understand how they can impact a decision, and then work through them? Seems like a smart thing to do!