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Money EQ - The Trust Part
Having trust in letting go of money is essential for a healthy money EQ. Trusting that once money is spent, it will come back helps in eliminating worries and doubts. By detaching from money and allowing it to flow freely, one can maintain a positive relationship with money. Balancing between saving for the future and spending sensibly is crucial. It is important to find a balance between being a spender and a money maker in a relationship. Striking a balance between spending and saving is key, where overspenders need to focus on saving and vice versa. Personalized financial prescriptions are necessary, such as advising savers to spend a significant amount of money within a short time frame to break their saving habits.