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- Herausgeber: tredition
- Kategorie: Fachliteratur
- Sprache: Englisch
Hello everyone! I’m excited to introduce you to the fascinating world of financial psychology. In this series, we’ll explore how our emotions, beliefs, and behaviors influence our financial decisions. We’ll see how this understanding can transform our relationship with money and help us achieve our goals. What is financial psychology? Financial psychology studies the relationship between the human mind and money. It explores how psychological factors like emotions, perceptions, and beliefs influence our financial decisions. It combines concepts from psychology and economics to understand financial behavior. Financial psychology isn’t just about numbers and charts. It helps us understand why we sometimes make financial decisions that don’t make rational sense. By understanding the psychological mechanisms behind our decisions, we can make more informed decisions that align with our goals.
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Seitenzahl: 30
Veröffentlichungsjahr: 2025
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Copyright 2024© by Henrique Novaes
Mindful Money Management: Preparing for a Secure Retirement
ATTENTION:
All rights reserved. No part of this book may be used or reproduced, in any form or by any means, without written permission from the Publisher or the copyright holder.
Editorial direction
Fabricio D. Marchesan
Content creators
Pliny Guimarães
Elizabeth Morsegai
Linnaeus Torquato
Sheila Calazans
Lincoln LT Baptist
Rebecca Montserrat
Erica Dias
Revision
Rachel Salazar
Cover design
Digital World
Desktop publishing
Digital World
About the Publisher
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About the series
Hello everyone! I’m excited to introduce you to the fascinating world of financial psychology. In this series, we’ll explore how our emotions, beliefs, and behaviors influence our financial decisions. We’ll see how this understanding can transform our relationship with money and help us achieve our goals.
What is Financial Psychology?
Financial psychology studies the relationship between the human mind and money. It explores how psychological factors such as emotions, perceptions, and beliefs influence our financial decisions. It combines concepts from psychology and economics to understand financial behavior.
Financial psychology isn’t just about numbers and graphs. It helps us understand why we sometimes make financial decisions that don’t make rational sense. By understanding the psychological mechanisms behind our decisions, we can make more informed decisions that align with our goals.
The Power of Emotions in Finance
Emotions such as fear, greed, and anxiety significantly influence our financial decisions. Fear of losing money can lead to conservative decisions, while greed can lead to excessive risk-taking. Hope for a better future can motivate us to save, but it can also lead us to invest in high-risk assets.
Emotions are like an internal GPS that guides us in our financial decisions. However, they can lead us down a wrong path if not managed properly. By identifying and understanding our emotions, we can make more rational decisions that are aligned with our long-term goals.
Cognitive Biases and Finance
