This article explores the often overlooked role of emotional intelligence in achieving financial well-being. While financial knowledge is important, the author argues that emotional skills like self-control, regulating emotions, and managing fear are equally crucial for making sound financial decisions and breaking negative financial patterns.
I had worked for a not-for-profit with people experiencing financial difficulties and seen that many of them struggled to understand their finances. Many didn’t know what constituted an asset, or how insurance within superannuation worked, or the basics about investing.Simon Letch
There was some truth to this. Having now taught countless people the practical financial skills to save, invest and manage their money, I’ve seen firsthand the huge impact of financial education. However, I pretty quickly noticed that practical financial skills were not enough. Learning to identify, process and regulate your emotions will improve the quality of your financial decisions
Doesn’t everyone have an emotional response to money? Yes, but the difference lies in how you respond. If the market dips, you can panic and sell, or you can stay calm and stick to your plan.
FINANCIAL LITERACY EMOTIONAL INTELLIGENCE FINANCIAL PLANNING INVESTING SAVINGS
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Emotions spill over as Aussie Destanee Aiava qualifies for Australian Open7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Read more »
‘A mix of emotions’: truce supporters and opponents take to Israel’s streetsMood among relatives in Hostage Square is tense, while outside Netanyahu’s office protesters decry ‘surrender’
Read more »
The Power of Smell: How Scents Shape Our Memories, Emotions, and WellbeingThis article explores the profound impact of smell on our lives, highlighting its role in memory formation, emotional experiences, and overall wellbeing. It delves into the history of scent perception, the neurological basis of smell, and the ways in which we can enhance our olfactory abilities.
Read more »
January 26: For this Indigenous reporter, it's 'a rollercoaster day of emotions'SBS's Head of Indigenous News and Current Affairs Natalie Ahmat says while it's great that people now want to debate January 26, the questions can feel 'very personal' and take a toll.
Read more »
'National crisis': Emotions high as politicians condemn antisemitism in parliamentEmotions ran high in both upper and lower houses of parliament as politicians, including Prime Minister Anthony Albanese and Opposition Leader Peter Dutton, condemned antisemitism and vowed to stand against the surge.
Read more »
Svitolina surges on but watches husband Monfils fall short as ageing body faltersSupporting a spouse courtside is deemed more stressful than playing with mixed emotions for tennis couple
Read more »