Independent: Breathing space… Spending wisely

Published on 13 July 2015 by | Category: News, Updates

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By Katie Byrne I’ve started drawing smiley faces on bills that I pay in restaurants, hotels and other service establishments. I realise it makes me look like a happy-clappy have-a-nice-day fanatic, but the benefits far outweigh the risks… and it’s always good to convey customer satisfaction. A smiley face represents abundance and it counterpoises feelings […]

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By Alex Kidman The truly wealthy are a bunch of fat cats who are to be despised, right? Thinking like that may be holding you back from accumulating your own wealth. That’s the thinking of psychologist Dr. Brad Klontz, who argues that what happens when you associate “rich” with “bad”, possibly at an early age, […]

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By Kathleen Elkins “Rich people are insensitive.” “Rich people are selfish.” “Rich people don’t have to work hard.” These beliefs and stereotypes pop up on the regular, but why? And how do these belief systems affect our own wealth? Personal finance expert Farnoosh Torabi delved into these questions on episode 116 of her podcast “So […]

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By Peter Farquhar 1. Adelaide Crows coach Phil Walsh was found dead this morning, allegedly murdered by his 26-year-old son. Police confirmed Walsh was found dead after they were called to a house in the Adelaide suburb of Somerton Park just after 2am. He was treated at his home but died at the scene. His […]

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By Karen Demasters There has been a lot of talk about behavioral finance in recent years and how it influences financial planning work. But one researcher, who happens to have a background as both a planner and psychologist, notes that the study of behavior and money has been limited in its reach because advisors need […]

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By Olivia Mellan and Sherry Christie Demographers speculate that at some not-too-distant point, minorities will become a majority in the U.S. This means advisors are more likely to face cultural differences that will affect the plans they create for clients. “Some clients come from cultures where the extended family is supported financially through thick and […]

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By Deevra Norling Last year while working at a shop that sold premium (i.e. expensive) kitchen appliances and cookware, I swiped the bank card of a customer making a purchase and it returned an error message. His lightning quick response was, “But there is money. I have a million in that bank account.” Isn’t that […]

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By Kate Ashford Looking to have a healthier relationship with your money? This could be the answer. Imagine that you know exactly what you should be doing with your money, but can’t quite bring yourself to do it. Maybe you’re still giving cash to an adult child who probably should be supporting himself. Perhaps you […]

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By Phoebe Venable Married couples fight over money and oftentimes divorce over it. This continues to be borne out by research. But there’s a relatively new wrinkle to this ancient verity. Not only are more and more women joining the American workforce, but a full 40 percent of all households with children under the age […]

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By Karen Demasters Financial advisors need practical experience in using behavioral techniques to help their clients deal with their finances, says one of the founders of the Financial Psychology Institute. There has been a lot of talk about behavioral finance in recent years, notes Brad Klontz, who along with his father, Ted Klontz, founded the […]

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