Behaviour
The source of financial stress
Two years ago I wrote about relieving financial stress for Stress Down Day. Fellow financial educator Carl Richards of Behavior Gap just released a new diagram that summarises one key source well: One value of financial planning is in removing the uncertainty and replacing it with clarity of direction and the confidence to act. So [...]
The Three Fatal Financial Behaviours
Have you ever thought you are not getting as far ahead financially as you think you should, but are not sure why? Then maybe one or more of these three behaviours may be the cause.
Take The Financial Pressure Down
Today is Stress Down Day, to raise funds for Lifeline. As part of their promotion of Stress Down Day Lifeline conducted a Newspoll to discover what was stressing Australians. The Newspoll found that two thirds of Australians are stressed about money, second only to being stressed about work. Does that include you? The Lifeline poll [...]
Six rules can help you avoid Sod’s Law
In The Australian today, Peter Switzer writes a good article that extracts fundamental lessons for us all from the recent loss of $100 million by Sydney lawyer, Chris Murphy. Read the full article here. When seeking investment information it is easy to be attracted to the neon lights and fanciful claims of certain investments. But it [...]
Delusion lets smokers breathe easy
MOST Australian smokers are in denial about their habit. A survey by the Cancer Council Victoria reveals that 60 per cent of smokers cling to “self-exempting beliefs” that smoking-related diseases such as heart and lung cancer are caused by air pollution or genetics. Tamara Davis, The Weekend Australian, December 29, 2007 Self-exempting beliefs don’t just [...]
Apparently you are not responsible enough to be investing by yourself
“…weak and unsophisticated investors should not be permitted to make high-risk investments unless they are totally aware of the risks”. According to an article in The Weekend Australian the above is the opinion of Tony Lewis of Lewis Securities in response to recent loses experienced by investors in income based products. Lewis goes on to [...]
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