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10% Happier with Dan Harris

Rewire Your Relationship With Money | Wendy De La Rosa

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.
01:13:40

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Quick takeaways

  • Dr. Wendy De La Rosa emphasizes the significance of reshaping environmental influences on financial decisions beyond just individual willpower.
  • The episode highlights how childhood financial experiences and parental attitudes towards money profoundly shape adult financial behaviors.

Deep dives

Rewiring Your Mindset for Financial Security

Financial security can be greatly improved by altering one’s mindset and decision-making processes around money. Emphasizing that our environment significantly influences financial choices, Dr. Wendy De La Rosa explains that individual willpower alone is often not sufficient for making positive changes. She describes the G.I. Joe fallacy, the misconception that merely knowing what to do about finances is enough to change behaviors. Instead, people need to recognize the complex influences of their surroundings and seek to reshape those factors as part of their strategy for better financial habits.

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