MSN Money: "How emotions can ruin your finances"

Published on 31 May 2012 by

Category: News, Updates

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By Gordon Powers

When tough times hit and people start to worry more about what’s going on with their money, their thoughts often run much deeper than simply what is in their portfolios.

Layoffs, shrinking incomes or poor investment results can often be a gateway into unresolved family histories and insecurities, explains Brad Klontz, a Hawaii-based psychologist, co-author of Mind Over Money and CEO of YourMentalWealth.com.

His research suggests that while many people worry about having too little money, the same amount of people are equally anxious about losing what they have or who feel uncomfortable for having so much.

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