As the old saying goes, personal finance is ‘mostly personal and a little bit financial.’ Long-term growth and success rely more on our habits and behaviors than complex knowledge and advanced strategies. Learning a few key points on the psychology of money can go a long way to building the right mindset for prosperity.
Human cognition can be messy. Each of us carries a collection of cognitive biases, irrational beliefs, and behavioral quirks. When we make decisions about our money, this can, unfortunately, lead us down the wrong path.