Coping with Money Anxiety Pt. 2
Managing Money Anxiety. In the last article we looked at the how the brain reacts to threats. Our ancient ‘fight or flight’ response evolved to keep us safe in situations of extreme danger.
Coping with Money Anxiety Pt. 1
What is anxiety for? Why am I anxious? Levels of anxiety have never been higher. Billions of people are struggling to cope with economic uncertainty while also worrying about their health and that of their children and vulnerable relatives.
10 Top Money Tips
How to get better at managing your finances. Money doesn’t come with instructions and, for most people, managing their finances is something they have never been shown how to do.
Families and Money
60% of people in the UK don’t have a will. This means that if they die, the state will determine how their money and assets will be split up among the family.This is not what most people would want, yet the 60% finding is consistent over time. Why should this be?
How Our Money Beliefs Keep Us Poor
Very early in life, children begin to internalize messages about money’s purpose – how it works, what it promises, its overall significance.
Money and Couples
Money is an emotive subject. Money issues are the biggest cause of divorce and suicide in the world. What is it about money that causes this problem ?
Understanding Wealth – Wealth Building
Wealth building is a process that starts with understanding your emotions, patterns and behaviour around money. Positive emotions around money underpin positive financial behaviours and drive our ability to turn surplus income into savings; this allows us to build wealth. These are the key pillars of wealth building. Only once wealth reaches a certain level, [...]
Behavioural Economics And Investing – The Comfort Gap
The ability to quickly absorb billions of information points from your environment and then have an accurate, corresponding response ready within seconds is an incredibly valuable tool. This is our reptilian brain, which manages the ‘fight or flight’ response, helped keep us alive over millennia, and still drives about 25% of our behaviour. As humans [...]
Financial Literacy and the Psychology of Money
In 2004, two US economists named Anna Maria Lusardi and Olivia Mitchell set out to measure what people knew about basic financial principles. They attached the following 3 questions to a 2004 Health and Retirement Study being conducted in the US*. 1. Suppose you have $100 in a savings account and the interest rate was 2 percent per [...]
Digitisation – Continuum, not Compartments
Technology underpins everything we do in Banking and, while the industry prides itself on being relationship based, there is nothing to say that this relationship is limited to being between two individuals. Wealth Managers have been working hard for many years to institutionalise clients, and Amazon has shown how to create exceptional loyalty with almost [...]
