🐒 Figuring out money stressful emotions
How do money conversations with your spouse make you feel?
What is the tone of money conversations with your children?
What is your top view on how to use money?
And so on and so on
Money means a variety of things for different people. Typically, it could mean a combination of stuff, not just one thing.
What does money mean to you?
The images below capture a few emotions we have around money
How does money make you feel?
Scared? Anxious? Hateful? Greedy? Helpful? Insecure? Guilty?
Money causes us to feel a ton of emotions
Figuring out these emotions and financial awareness is the beginning of winning the Money Game!
Making for a smooth sail to your financial Promise Land
This can be tricky though!
This is best captured by the popular maxim that our mind plays tricks on us….
We are hard-wired to default to many cognitive biases that warp our thinking.
What are cognitive biases?
These are systematic errors in our thinking,
Our thinking is warped by over 180 cognitive biases, which causes us not to make the smartest decisions
These biases influence how we collect, process, and interpret information in our surroundings…
thereby influencing our decisions and judgments.
Perhaps you are familiar with these everyday biases
🐒The grass is green syndrome,
🐒The illusion of choice, 🐒Labeling🐒Confirmation bias
🐒 FOMO – Fear of Missing Out, 🐒Present bias
🐒 Over generalization 🐒Anchoring bias, and so on and so on
Have you ever made a financial decision or purchased something and then realized you did not need it?
Yeah, the monkey is always playing a fast one on us!
These biases are like slippery banana peels in our mental processing and decision-making
The biases distort our thinking and sway decisions and judgments that people make every day. https://www.weforum.org/stories/2021/08/cognitive-bias-infographic/
No one is immune from them.
Objective facts don’t change because of observers’ profiles.
How do our good-looking friends below, presenting with varieties of body language, and observation styles, collect information, process it, and interpret it?
🐒Being aware of them (BE AWARE of biases)
🐒Reflections and adopting a step-back approach to question our decisions. END
Call for a Money Home Run!
Build a league of financial Mavericks and reclaim our financial autonomy through Money Stories!
Get the monkeys’ hand🐒 off your wheels and hit a money Home Run!
