Similar to phases of the moon, every individual experiences money phases. — I want to explain the money phases and their impact on our attitudes, ideas, and beliefs about money. Our money phases differ from our age. You may still have childhood money tendencies well into adulthood, and unless you intervene, they will not change. You started making financial decisions earlier than…

What Money Actually Is and How It Fits Into Your day-to-day life — I want to explain how money works so inflation coverage makes a little more sense. Talking about inflation and feeling inflation creates different responses; the inflation numbers give us a historical perspective of where we are today. However, the 8.5% inflation in the 80s would feel very different from the…

As a capitalist some parts make sense, but other parts not so much — When I talk about fixing the Money Mindset, it’s not just the impact on wealth building, it also addresses how we see events and interpret them. The pending takeover of Twitter is a great example; let’s discuss how wealth creates blind spots Foremost, I believe in capitalism so I can…

A case for using financial psychology in wealth building. — Each year my behavioral finance students have a case study on https://playspent.org/. An interactive financial decision simulator of a hypothetical worker over 30 days. The learner experiences the plight of an individual in a challenging socio-economic environment. The exercise opens the eyes to the experience of millions. The exercise yields…

When they start talking “Economy” here is your cheat sheet. — You are going to hear a lot about the economy and i want to simplify the terms and concepts you hear often. Millions of Americans require information to aid their financial decisions, however we are more likely to respond irrationally when the information is hard to understand. It’s important to…

I served on the financial literacy task force in 2015, collaborating with legislators, schoolteachers, non-profit heads, and business specialists on how to define the voids in financial literacy. They divided us into three parts; k-12, College & University, and Adult. I was fortunate enough to co-chair the adult subcommittee. Each…

How one word obliterates the economic well-being of millions. — Late in March 2020, we had been in lockdown for a week or two. Everyone was stocking up on food and not knowing what was going on. It was enough to worry anyone. I am the person who you call when you’re worried about something, so I fielded calls and…

How often we fail to protect and prepare for what we want — One of the main reasons people fail to reach their full potential is because they are unwilling to risk anything. -Zig Ziglar This quote from Zig Ziglar is the best way to start a conversation about wealth and risk. I understand the influence of money fears, I help people with…

How your money pyschology makes the possible seem impossible. — Growing up in the Northeast, I learned there’s a difference between being poor and being broke. I took public transportation to school when I was kid; bus or train, I could sit next to a middle school teacher or a business executive. The restaurant where I got a slice of…