Australian Finance Podcast Behavioural finance 101: Your money mindset [Part 2 of 11]
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Jan 6, 2025 Explore the fascinating connection between emotions and financial choices. Discover how childhood beliefs shape your money mindset and behaviors. Learn about self-sabotage and the importance of self-awareness in managing finances. Understand how differing financial beliefs can create conflicts in relationships. Gain practical tips for mindful money management, including strategies to curb impulsive spending. Plus, get insights into investing in innovation with the Betashares NASDAQ 100 ETF and how it can benefit Australian investors.
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Mindset's Impact
- Your money mindset, your relationship with money, significantly impacts financial success.
- It influences habits and decisions, often unconsciously, from a young age.
Early Mindset Formation
- Money mindsets, often established by age seven, deeply affect our financial lives.
- Rewiring these ingrained beliefs can be challenging but crucial for improvement.
Bank CEO's Regret
- Even a wealthy bank CEO admitted his flawed money relationship hindered him.
- He prioritized earning more over managing money, highlighting a common pitfall.
