Financial Psychologist Reveals: The Secret To Building Wealth
Erika Taught Me
00:00
The Importance of Being Vigilant About Money
When you are studying these people who do end up being able to climb the socioeconomic ladder and do really well financially versus those who don't, are there specific traits that they have in common or tend to have in common? Yeah. So one of them is what we would call money avoidance. And this is beliefs like rich people are greedy, money corrupts. There's virtue in having less money. We've talked about status too. People who are most focused on status have the least amount of money and are more likely to have grown up poor.
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