Loss aversion is a very important psychological principle that people care much more about avoiding losses than they care about making gains.
I eventually learned that the way I was treating money — as an expendable resource I could abuse to the nth extent because it “didn’t matter” and I didn’t care about it — was not any more healthy than needlessly chasing money in excess. A healthy relationship with money involves understanding your practical need for it both now and in the future, as well as the difference between what you need and what you want.
The Complicated Relationship between Women and Money Research shows that when you ask a woman about her relationship to money and investments, she’ll likely say, “It’s complicated.” It sure is. In the 1980s, a woman-empowered commercial for perfume said that women could “bring home the bacon, and fry it up in a pan…and never let Read more...
While the opportunity to make multiple sales per client in the life insurance and annuity industry may be small, creating strong relationships with clients is still an important aspect of your work as a financial producer. Both life insurance and annuity contracts are inherently long-term purchases, and your relationship with your client should be viewed as such.
John Gottman, a professor of psychology who specialises in marital stability is able to predict with 93.6 per cent accuracy whether a couple is going to divorce, according to a 1992 study. He doesn’t do this just using guesswork – instead when he observes couples he looks for specific indicators that suggest there are problems in the relationship that could lead to divorce.
There’s a new culprit to blame for financial illiteracy: The length of marriages. A paper recently published by the Journal of Consumer Research finds that the longer a couple stays together, the greater the difference between the partners’ knowledge of their finances.
When it comes to choosing the right partner, you should look at the way your potential soulmate handles money.
Combining finances with your partner is a game changer. By pooling your resources and sharing expenses, you can end up with stronger growth potential and a larger safety net. You can also end up divorced and broke. While combining finances…
It seems that successful women struggle with finding love. The reason why is steeped in history.
Money is a tool that helps us — not the be-all and end-all of happiness.
Couples often think that the person who is most financially literate should manage their money — yet research shows why, especially as partners age, that’s a problem.
Emotional Intelligence (EI) can easily be defined as the ability to use your emotions, moods, and feelings and that of others to make better choices in navigating through life. The...
According to a recent BlackRock report, financial worry outranks other leading stressors including health, family and work. Financial stress is a top worry for American families because many of them live paycheck to paycheck and find it difficult to secure a brighter financial future by breaking this cycle. Many facing financial difficulty want to improve …
More than 29 percent of women are the head breadwinners of the family - but that could be causing marriage strains.
Author: Bagande (Photo credit: Wikipedia) These days, there are many women out there who earn the same, if not more money than their male spouse. Men may say that they are happy with this and that they do not mind their female partner footing the bills, but do they really mean what they [...]
For many clients who don't want to engage with complex giving options, a simple donor-advised fund can make a world of difference.
The chronic stress of ignoring personal needs to put everyone else first could have physical consequences,study says.