#Financial Psychology

[prosper-path]

From Financial Anxiety to Financial Freedom: Taking Control of Your Money

Money. It’s the lifeblood of modern society, a source of both immense joy and crippling stress. We use it to buy necessities, pursue passions, and secure our future. Yet, our relationship with money is often far from rational. We make impulsive purchases, cling to outdated beliefs, and let fear dictate our financial decisions. This is where the fascinating field of behavioral finance comes in. By…

[therapycards]

What Does This Card Mean for Your Financial Goal? 🃏

Here’s a card from our "Money Talks" deck, just pulled for you. Take a close look at the imag: what does it represent for you? What message might it be concerning reaching your financial goals?

Sometimes, the answers we need are right in front of us, hidden in symbols and metaphors. Let this card inspire you to think about your next steps.

Share your thoughts in the comments, let’s reflect together! 💭

#MoneyTalks #FinancialGoals #MetaphoricalCards #SelfReflection #metaphoriccards #MindsetMatters #FinancialGrowth #ThinkAboutIt #PersonalDevelopment #WealthMindset #FinancialSuccess #FollowForMore

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[themillionairethinking]

Mindset Matters: The Psychology of Millionaires

🧠✨ Unlock the Secrets of Success: Diving into the Mindset of Millionaires 💼💡 Explore the psychology behind wealth creation. Comment below for the blog article 🚀💰 #MillionaireMindset #SuccessPsychology #SuccessMindset #WealthMindset #FinancialFreedom

Have you ever wondered what makes some people rich and successful, while others struggle to make ends meet? Is it luck, talent, education, or hard work? While all these factors may play a role, there is one thing that sets apart the millionaires from the rest: their mindset. Mindset is the way you think about yourself, your abilities, your goals, and your challenges. It influences how you…

[spooksier]

the fact that they *can* quit in protocol is so everything to me because it immediately brings up the question of why the hell havent they? besides lena i don't think anyone has even suggested the idea of quitting the evil nightmare job that they all hate and whenever a way out is presented it's ignored or (shoutout gwen) flat out rejected which is sooo interesting to see after spending a whole 200 episodes following people doing everything they could to escape

[i-am-trans-gwender]

I need advice

I'm 19 years old and I need to escape my transphobic parents. A friend wants me to live with him, but there have been issues stopping this.

I have no car, and even if he drove me there, my parents would know where I went.

Even if they didn't find me, my parents control my bank account, medical care, and phone (luckily they can't put the Verizon Smart Family app on my computer.)

They also use my autism as a reason to prevent me from leaving. They claim I can't legally leave because of this. I've heard some people say that it sounds like BS but I don't know.

I need to transition, but I can't do that while I'm stuck with my parents. I'm willing to do almost anything to leave them.

[squeakadeeks]

moodboard for this past week ❤️

[therapycards]

The Secrets of Your Financial Flow with a "Money Talks" deck 💸

Sometimes, we feel like our financial flow is stuck, but we can’t quite figure out why. That’s where our "Money Talks" deck comes in 🏆!

Each pair of cards is designed to help you identify the blockages in your financial journey.

The first card in each pair presents a visual association that sheds light on what might be holding you back. The second card offers a powerful phrase on how to overcome that challenge and move forward.

Take a moment to choose a pair of cards and reflect on what they reveal about your financial situation. What steps can you take to improve your financial flow? Let the cards guide you towards clarity and action ⭐!

#MoneyTalks #FinancialFlow #MetaphoricalCards #SelfReflection #metaphorcards #psychology #FinancialFreedom #MindsetShift #financialgame #PersonalGrowth #UnlockYourPotential #WealthMindset #coaching #InnerWisdom #FollowForMore #metaphoriccards #financialmindset

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[feline17ff]

Found a new YouTube channel called The Financial Diet. Videos include:

"You're Not Ugly, You're Just Poor": A Deep Dive (watched)

How The Wealthy Gaslight America

It's Not Just You: Jobs Didn't Used To Be This Terrible (watched)

The Toxic Boomer Money Advice You Need To Unlearn (watched)

3 Lessons From My No-Buy Year That Totally Changed My Finances (watched)

3 Things I No Longer Buy After My No-Buy Year (watched)

4 Lies From The Beauty Industry That Trick You Into Spending More Money (watched)

4 Minimalist Principles I Practice After Quitting Shopping For 1 Year (watched)

Overcoming "Post-Traumatic Broke Syndrome" & Building Real Wealth (watched, features TheBudgetnista Tiffany Aliche who talks about the finances of grief, the lasting effects of being broke, and what it means to be truly good with money)

Why ADHD Makes Money So Hard (And What To Do About It)

[candidsoup]

the waverly hills sanatorium arc in The Spirealm is so funny to me

not like, the story but whenever they make digs at American healthcare

because

I 100% agree

but at the same time I'm like, this was Tuberculosis in the 1910s. maybe you're being a little unfair.

also Ling Jiushi quoting Fromm, and there's a painting of a panopticon on the wall. very cool.

[themillionairethinking]

Money Matters: Unraveling the Psychology of Millionaires

Dive into the fascinating world of millionaire psychology! 💰 Ready to unravel the psychology of millionaires? Read more in our latest blog post! Link-In-Bio #MoneyMatters #MillionaireMindset #WealthPsychology #MillionaireThinking #Wealthy #Successful

Have you ever wondered what makes millionaires different from the rest of us? How do they think, act, and feel about money? What are the secrets behind their financial success and happiness? In this blog post, we will explore some of the psychological traits and habits that distinguish millionaires from the average person. We will also share some tips and strategies on how you can adopt a…

[sprinklecipher]

A Case Study in Using Tumblr Blaze to Collect Survey Data

A little while ago, I ran a very niche survey about the vernacular names used for a specific type of North American bug, and I used Tumblr Blaze to try to get more survey responses. I figure that others who’d consider using Blaze to promote surveys might want to know how it went, so here's a graph of the number of survey submissions, with the “Blazed” periods highlighted in dotted orange:

Additional details below the cut.

Response Numbers: Between 4/17 (when I first posted the survey) and 4/30 (when I analyzed data for it), I received a total of 291 responses.

There were 14 responses in the first 24 hours after I posted the survey (before Blazing the post related to it).  For all subsequent days that the post was not Blazed, I received between 0 and 2 additional responses. By contrast, I received 145 responses during the first Blaze period and 110 responses during the second Blaze period. It isn't possible to definitively know exactly how many responses can be attributed to Blazing the post, but from this data, I'm comfortable assuming that it's a large majority of the responses.

The Blazed post: I exclusively advertised the relevant survey on Tumblr, and with one, specific post. The post itself was nothing fancy—just a quick description of the survey and some emojis, basically. It looked like this:

I’ve left the survey running (although I don’t promise I’ll analyze new data for it), so if you would like to complete it, you may do so here (NOTE: the survey contains a photo of a bug). Current results for the survey are also available here (NOTE: the results post also contains a photo of a bug).            

Blaze information: Both times that I Blazed the post, I purchased the second tier level (which provides 7,000 estimated impressions, although in both cases, the actual impressions ended up being ~10k, per the post-Blaze summary reports). I also opted to specifically target a US audience.

Data quality: One worry I had about Blazing my survey was that I’d get a bunch of joke responses or (worse) harassment, but that fortunately did not happen. I can't know for sure just how honest any individual respondent was, but the overall pattern of results was plausible and suggested there wasn't any widespread bad-faith responding. One respondent gave a clear joke answer, but that was it.

Conclusions: It’s hard to express this honestly without sounding like an ad, but I had a generally positive experience Blazing my survey. As someone with a very small blog, Tumblr Blaze helped me get enough survey responses to crunch some numbers on my (perhaps aggressively niche) project idea, which I otherwise wouldn’t have been able to do. I didn’t receive a staggering amount of data or anything, and the response rate I got might not be worth the cost for all projects, but it served its purpose for me. All in all, I'd say it's at least worth considering for anyone interested in running an informal survey without having a pre-existing audience to lean on.

[mishkakagehishka]

I'm being forced to visit my abusive grandma to deal with my childhood traumas and grow up as person(already ended crying and visiting the clinic because of that) so with that said

What is it to be an adult for you ? One of the expectations is for me to be able to become an adult since I will be 23 when I get back so...

I think you shouldn't need to confront your trauma Like That to grow up as a person tbh i'm no psychologist but it feels counterproductive. Abusive people should be put behind you, not at your side. Stay safe, and stay strong, bestie, i'll be keeping you in my thoughts🫂

As for me, being an adult is a subjective thing. I'm not sure? I think "responsibility". Having more of them, and being okay-ish at keeping the strings together. -ish, i emphasise. Nobody can keep all the strings together, but trying your best is part of it. You gain a bit more independence, but you end up losing a lot of that freedom you gain to responsibilities. But i'd still say adulthood comes with additional freedoms. I hope the expectations placed on you aren't some shit like "get a (good) job" or "become fully independent, financially and otherwise" bc for me that's awfully individualist and might not be feasible for every adult (like, a disabled adult might not be able to keep a job that is exhausting, whatever "exhausting" might mean to them - could be the medical profession known for a lot of overtime and sleepless nights, could be an office job where you have to stare at screens that cause eyestrain for too long etc etc).

But i think it does include some independency. Dependant on the person. YMMV. I think i'd leave it up to the individual to define, beyond the biological "maturity/end of puberty" or sociological "minor/adult" divide

[bypatia]

why is my family like succession but without the money?

[omegaphilosophia]

The Relationship Between Temporal Discounting and Ethics

Temporal discounting is a cognitive phenomenon where people tend to value immediate rewards more highly than future ones. This tendency to devalue rewards as they move further into the future has significant implications for decision-making, especially in the context of ethical behavior and moral reasoning. Understanding how temporal discounting influences ethical choices can shed light on why individuals might prioritize short-term gains over long-term ethical principles and the broader impact on society.

Understanding Temporal Discounting

Temporal discounting is the preference for smaller, immediate rewards over larger, delayed ones. It is a well-documented phenomenon in psychology and behavioral economics, reflecting how individuals often struggle with self-control and long-term planning. The degree to which individuals discount future rewards can vary, with some showing a stronger preference for immediacy than others.

Ethics and Temporal Discounting

Immediate Gratification vs. Long-term Consequences: Ethical decisions often involve weighing immediate benefits against long-term consequences. For instance, cheating on a test may provide immediate academic success but can undermine personal integrity and trust in the long run. Temporal discounting can lead individuals to prioritize immediate gratification, ignoring the ethical implications of their actions over time.

Environmental Ethics: Temporal discounting significantly impacts environmental ethics. Decisions that favor short-term economic benefits, such as overfishing or deforestation, can have devastating long-term environmental consequences. Ethical considerations require valuing the future health of the planet and the well-being of future generations, which temporal discounting can undermine.

Financial Ethics: In financial contexts, temporal discounting can explain why individuals might engage in unethical behaviors like fraud or embezzlement to gain immediate financial rewards. These actions can lead to severe long-term repercussions, including legal consequences and damaged reputations, highlighting the ethical tension between short-term gains and long-term integrity.

Health and Well-being: Health-related decisions are also influenced by temporal discounting. For example, indulging in unhealthy behaviors for immediate pleasure can lead to long-term health problems. Ethical decision-making in this context involves recognizing and valuing the future health consequences of present actions.

Public Policy and Governance: Policymakers often face ethical dilemmas where short-term political gains are weighed against long-term societal benefits. Temporal discounting can lead to policies that favor immediate results, such as tax cuts or deregulation, while neglecting the long-term ethical considerations of economic stability and social welfare.

Addressing Temporal Discounting in Ethical Decision-Making

Education and Awareness: Increasing awareness about the effects of temporal discounting can help individuals recognize their biases and make more informed ethical decisions. Education programs that highlight the long-term consequences of actions can encourage a more future-oriented perspective.

Incentive Structures: Designing incentive structures that reward long-term ethical behavior can counteract the effects of temporal discounting. For example, offering financial incentives for sustainable practices or long-term health goals can align immediate rewards with ethical principles.

Cognitive Behavioral Strategies: Techniques such as mindfulness and cognitive behavioral strategies can help individuals manage impulsive tendencies and consider long-term consequences more effectively. These strategies can support ethical decision-making by reducing the impact of temporal discounting.

Policy Interventions: Governments and organizations can implement policies that promote long-term ethical behavior. For example, regulations that enforce environmental protections or corporate governance standards can help mitigate the influence of temporal discounting on unethical practices.

The relationship between temporal discounting and ethics underscores the challenges individuals face in balancing immediate desires with long-term ethical principles. By understanding this cognitive bias and its implications, we can develop strategies to promote ethical decision-making that values future consequences. Whether through education, incentive structures, cognitive strategies, or policy interventions, addressing temporal discounting is crucial for fostering a more ethically responsible society.

[furiousgoldfish]

abusive parents: neglect to give you money for school, food, bus ticket, clothing, basic hygiene products, even when they know you need it consistently

abusive parents when you're forced to come to them and ask them to give you money they're responsible for providing you with:

"You only take and never give back"

"Do you think money grows on trees?"

"When are you going to pay all this back?"

"You're a burden on this family."

"You're lucky I'm giving this to you."

"How many times have I given you this already, you never have enough."

"Do you think I'm made of money?"

"When are you going to get a job"

"I should be charging you rent for living in my house"

"But have you earned this money?"

"I work day and night, just to have to throw it all away on you"

"What if I acted like you do, and just said 'no' whenever you needed money?"

"What did you do with the last one I gave you"

"You'll get it when you do x"

"You could have acted better towards me, instead of acting scared right now"

"You'll see one day what it is, working hard and having to give it all away"

"You should be more grateful, not everyone gets this."

"You think my parents just gave me money when I was a kid? I had to x and y and z for it!"

"Imagine if I didn't give it to you, how would you get by then? You wouldn't survive without me."