Mindset

Core Values: How to Define Them to Guide Your Financial Path

Understanding your core values is essential for guiding your decision-making and ultimately determining the direction of your life, including your financial choices. What are Core Values? Core values are the fundamental principles and beliefs that shape your character, guide your behavior, and influence your perceptions of right or wrong, important or unimportant in life. They represent the essence of who…

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Hedonic Adaptation: How to Build Financial Resilience

In pursuing a fulfilling life, the temptation to upgrade our lifestyles can be alluring, often leading to a phenomenon known as lifestyle creep or inflation. But amidst these financial challenges lies another psychological hurdle—hedonic adaptation. Understanding and addressing hedonic adaptation alongside lifestyle inflation and creep is vital for maintaining long-term financial wellness. What is Hedonic Adaptation? Hedonic adaptation, also known…

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Lifestyle Creep and Lifestyle Inflation: How to Protect Your Financial Health

Lifestyle creep or lifestyle inflation can silently erode your financial stability if left unchecked. Awareness allows you to evaluate your spending habits and make intentional choices that align with your values and financial goals. Understanding what it is, its impact, and how to navigate it is crucial for safeguarding your financial health. What is Lifestyle Creep and Lifestyle Inflation? Lifestyle…

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How Money Can Buy Happiness

Can money buy happiness? It can. There is a big misconception about the relationship between money and happiness. In my first book, You Only Live Once, I briefly discussed the concept that money can buy happiness. This section lasted one and a half pages but sparked a heated discussion. To clarify, I’ve been going around the country explaining how money can enable…

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7 Habits of Financially Happy People

To be financially happy, you must have better money habits. Many people find being financially happy an elusive goal. It seems like everyone wants to be rich, but few people actually achieve happiness. I had my share of money mistakes. Most stemmed from believing I would be happier once I spent X and got Y. In this pursuit of happiness,…

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5 Ways to Stop Repeating Money Mistakes

Each year I strive to do better than the year before, especially when it comes to money mistakes, and I’m sure a lot of people feel the same way. In speaking to others about their different goals, I’ve noticed a trend. Although many people have personal, career, and educational goals, it seems like everyone has at least one financial goal. As a personal…

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7 Money Mantras to Improve Your Finances

Money mantras are a statement or slogan repeated often and can be a guiding force to help with financial decisions.

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A Millionaire Friend Shares the Secret to Wealth Creation

Everyone I know has wondered what it would be like to be a millionaire. Some people believe it’s nearly impossible to become a millionaire without winning the lottery or making six figures. However, I’ve come to the realization that a million-dollar net worth is attainable. I’ve spoken with enough people in different socio-economic conditions across the country and learned how…

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How to Win in Life Without Winning the Lottery

I will openly admit I have played the lottery many times. Sometimes the lottery tickets yield a $2 win, but most often, it’s a loss. I don’t play the lottery regularly, but there are occasions like billion-dollar jackpots when I opt to buy a ticket and skip my cup of coffee. Let me get this out of the way. The chance…

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Behavioral Finance: Understanding Its Impact on Your Money

Behavioral finance explores the psychological factors influencing financial decision-making. Unlike traditional finance theories that assume rational behavior, behavioral finance acknowledges that human emotions, biases, and cognitive errors significantly shape how we manage money. What is Behavioral Finance? Behavioral finance combines elements of psychology and economics to study how individuals and markets behave in financial contexts. It examines how cognitive biases,…

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