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The Personal Finance Podcast

7 Mentally Strong Financial Traits (Master Your Money Psychology!)

The Personal Finance Podcast

Andrew Giancola

Investing, Entrepreneurship, Business

4.7 • 1.4K Ratings

šŸ—“ļø 10 March 2021

ā±ļø 21 minutes

šŸ§¾ļø Download transcript

Summary

Episode 44: 7 Mentally Strong Financial Traits (Master Your Money Psychology!) Got questions? Ask me on Instagram Here. @mastermoneyco This is the fastest way to get a response from me.Ā .Ā  Personal Capital Free Wealth Management and Budget AppĀ  CIT BANK (Best Savings Account) How to control your emotionsĀ  Why an investment plan is so important How to develop mental fortitudeĀ  How to stay on trackĀ  Why money is completely psychologicalĀ  Got questions? Ask me on Instagram Here. @dollaraftrdollar Want to read more?Ā  Check out all the Stuff I Recommend!Ā  M1 Finance Best Place to InvestĀ  Personal Capital Free Wealth Management and Budget AppĀ  CIT BANK (Best Savings Account) **Ā Some links may be affiliate links and we earn a small commission at no extra cost to you. We only recommend products we truly believe in.Ā  Check us out on social fam!Ā  Twitter Dollar After Dollar Instagram Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

On this episode of the Personal Finance Podcast, we're going to talk about seven mentally strong financial traits. What's up everybody and welcome to the Personal Finance

0:27.5

podcast. I'm your host and the founder of Dollar

0:30.6

After Dollar.com and today on the personal finance podcast we're going to talk

0:36.7

about seven mentally strong financial traits and this is one of the most important things

0:42.4

when it comes to your money, because money is a mental game. And your psychology is everything when it comes to your money. Because every decision that you make with your money matter significantly. money because

0:53.0

matter significantly in the long run in terms of your wealth building,

0:58.0

in terms of how you purchase things,

1:00.0

and in terms of your investing power.

1:03.0

Because if you can control the mental game of your money,

1:06.0

if you can control yourself from overspending,

1:08.0

if you can invest more money and stay calm while investing,

1:12.0

all of these things will add up to building wealth.

1:16.8

And what most people just don't understand

1:18.9

is that the mental game is the most important thing.

1:24.6

Because if you have the mental game down,

1:27.1

everything else just becomes action.

1:29.0

And taking action, when you have the right mentality, is a full-blown force that nobody can stop.

1:35.0

And that is why we need to talk about this.

1:37.0

That is why you need to work on the psychology of money.

1:40.0

There's a great book by Morgan Housall, and if you haven't read it it's called

1:44.1

the Psychology of Money just came out last year and I highly recommend you read it

1:48.5

because what you're going to find out in that book is there's all different types

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