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Radical Personal Finance

657-Mental Money Games to Change Your Behavior for the Better

Radical Personal Finance

Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP

Self-improvement, Business, Education, Investing

4.21.9K Ratings

🗓️ 31 July 2019

⏱️ 52 minutes

🧾️ Download transcript

Summary

A key to life change is behavior modification. And mental money games can help you get there.

Joshua

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to Radical Personal Financial Show dedicated to providing you with the knowledge, skills, insight, and encouragement you need to live a rich and meaningful life now, while building a plan for financial freedom in 10 years or less.

0:11.0

Today on the show, we're going to talk about some money games that you can play to

0:14.1

help you achieve that goal of financial freedom in less time, hopefully 10 years or less.

0:19.2

And know when I say money game I'm not talking about monopoly or cash Flow Quadran, although that's a useful topic.

0:23.8

Perhaps that's a worthy topic for another day.

0:25.9

Today on the show, everything I ever learned about wealth building I learned from playing

0:29.6

Monopoly when I was a child.

0:31.9

That's true.

0:33.0

But we're not talking about board games today.

0:35.0

Now we're going to talk about some psychological games that you can play with yourself to change your behavior.

0:42.0

There's a real balance in life between knowledge and

0:45.3

information and behavior. You need to know but at the end of the day it's

0:50.1

changing behavior that makes a difference, it's action that makes a difference.

0:53.2

It's action that makes a difference.

0:55.3

You can sit around and dream all you want about checks floating into your life

0:59.7

and money flowing into your mailbox,

1:01.8

but unless those dreams and those visions actually change

1:05.0

your behavior, nothing will actually change.

1:08.0

Now the paradox is this, if you can change your thoughts, if you can change your information,

1:11.7

if you can change the ideas that you hold in your head

1:13.7

then you can naturally change your behavior a little bit but it goes the other way too

1:17.6

sometimes you can just change your behavior you can change the ideas you can change

...

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