10% Happier with Dan Harris Rewire Your Relationship With Money | Wendy De La Rosa
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Jan 13, 2025 Wendy De La Rosa, an Assistant Professor at The Wharton School, dives into the psychology of money and how upbringing influences adult financial behaviors. She shares practical strategies for improving financial security, like the importance of open conversations around finances to combat shame. Exploring the G.I. Joe Fallacy, she explains why knowledge alone isn't enough for effective financial management. With insights on small purchases and a guide to crucial financial discussions for couples, she empowers listeners to take control of their financial narratives.
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Wendy's Financial Origins
- Wendy De La Rosa's family immigrated to the US from the Dominican Republic and struggled financially.
- Early exposure to financial decision-making shaped her interest in the psychology of money.
The G.I. Joe Fallacy
- The G.I. Joe Fallacy highlights that knowing what to do isn't enough for behavior change.
- Our environment significantly influences financial decisions, often setting us up to fail.
Change Your Environment
- Change your environment, not just your willpower, to improve financial decisions.
- Environmental changes, like automatic savings plans, are more effective than education alone.