Monday, May 18, 2009

"Why we fail financially"

Wayne Vance & Edward Charlesworth in "Mind over money" offer the following reasons:
  1. Lack of financial training at home.
  2. Lack of financial education at school.
  3. Biased commission schedule in financial institutions.
  4. Low self-esteem.
  5. Attempts to buy happiness.
To this list I would add:
  1. Fear.
  2. Our tendency to avoid open communication around money issues.
  3. Uninformed reactivity to media sources.
  4. Attachment.
  5. The lure of advertising.
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1 comment:

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