When you think about money, your spending habits, and your instincts do you analyze the mental and emotional side to finance? Most people do not realize that there is a correlation between spending and human emotion.
Emotions play a powerful role in shaping our financial behavior, often making us our own worst enemies as we try to save, access value, and spend responsibly.
I have read the book: Dollars and Sense by Dan Ariely and Jeff Kreisler. I am going to give you a short synopsis of the book and my thoughts on the mental side of spending and saving your money.
In this podcast you will:
- Learn the mental side of finance aka behavioral finance and how your spending habits may or may not change based on your mood.
- Discover if getting something for free is too good to be true (HINT: You may be surprised by the very common result of a free promotion).
- Acquire ways that people avoid pain when it comes to money and spending. A lot of these tips are very easy to put into your routine.
- Gain practical tools needed to understand and improve your financial choices, save and spend smarter.
Resources mentioned in this podcast:
If you are a physician or someone else servicing physicians and want to tell your story, grapple with these tough issues, and get on the soapbox for a few minutes, I’d love to share it too in the next Freedom Formula for Physicians Podcast.
Make sure to contact me at firstname.lastname@example.org or on my website www.doctorfreedompodcast.com.
For the Freedom Formula for Physicians podcast, this is Dave Denniston. Thanks so much for joining us and make sure to subscribe on Itunes and check in again soon!
Also, if you got tremendous value from this podcast, I would like to ask you a favor. Could you take a quick minute and do a review on Itunes? It really helps the show and would mean a lot to me.
Remember, my friends, make sure to cut your debt and taxes, so that you too can live a liberated lifestyle.