All right, 2017, let’s get down to business. If you followed my advice in December and set your goals for the year, it’s time to take the next step and talk about becoming more mindful with your finances. There are a plethora of helpful how-to books and blogs on personal finance, but far more important to your financial well-being is improving your relationship with money. The behavioral side of money is much harder to understand and control.
Delayed Gratification
I recently watched (and very much enjoyed) the Oscar-nominated film Brooklyn and was struck by the idea of delayed gratification and the enormous gap between life in 1950s New York and today. Travel, communication, errands - all of it drastically slower than today. Our ability to immediately gratify our needs and wants can’t help but impact the way we view and use our money.