Will Beta

Main Menu

  • Volatility
  • Systematic Risk
  • Returns Of Assets
  • Beta Data
  • Finance Debt

Will Beta

Header Banner

Will Beta

  • Volatility
  • Systematic Risk
  • Returns Of Assets
  • Beta Data
  • Finance Debt
Finance Debt
Home›Finance Debt›Financial Therapists: Examine Money Beliefs to Disrupt the Debt Cycle | Personal finance

Financial Therapists: Examine Money Beliefs to Disrupt the Debt Cycle | Personal finance

By Rogers Jennifer
February 1, 2022
0
0

Lesson 2: Focus on where you want to go

While debt can seem overwhelming, adopting a growth mindset rather than a fixed mindset is crucial, says Wasserman. A growth mindset means believing that things can change and you can be the one to change them.

“Take that statement of ‘I’ll always be in debt’ and change it to ‘I’m $15,000 in debt and I won’t be in debt in the next 24 months,'” she says.

Wasserman also advises identifying your goal and creating a visual, daily reminder of that goal. For example, if you want to get rid of your credit card debt to increase your credit score and possibly buy a nicer car, find a picture of the vehicle, put it in a frame, and hang it near your front door. ‘Entrance.

It can help you stay motivated as you work towards your goal.

Lesson 3: Let go of shame

Few money problems come with as much shame as being in debt. Others will shame you for what they perceive to be poor financial choices, and you will likely shame yourself.

But shaming doesn’t work, Kahler says. In fact, it can completely derail you.

“Shame says, ‘You’re flawed. You’re screwed up. You’re a bad person.’ And none of that will motivate behavior change. It’s just more evidence that you can’t do that,” he says.

Related posts:

  1. Capa India says second wave could lead to aviation industry collapse
  2. Apollo Global Management LLC (APO) Q1 2021 Earnings Call Transcript
  3. Is News Corporation (NWSA) a smart long-term buy?
  4. Glatfelter Reports First Quarter 2021 Results

Recent Posts

  • Racing Louisville uses transfer window to build asset base
  • Global Beta-Eudesmol Market 2022 to 2028 Growth Prospects and Key Industry Players Santa Cruz Biotechnology (SCBT), Merck KGaA (Sigma-Aldrich), AdooQ – Instant Interview
  • Saris Cycling Group, victim of the “Covid whiplash”, restructures to be sold
  • Fatigue Impacts Sexual Problems in Chinese Women With Systemic Lupus Erythematosus | BMC Women’s Health
  • Investor opinion: “Baillie Gifford taught me…

Archives

  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021

Categories

  • Beta Data
  • Finance Debt
  • Returns Of Assets
  • Systematic Risk
  • Volatility
  • Terms and Conditions
  • Privacy Policy