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Quick Money Tips: The Psychology of Money

Psychology of Money

Money can't buy you love, but can it buy you happiness?

In today’s edition, we take a look at the psychology of money. Some people think that if they just had “x” amount more money or if they were debt free or had a different job or were financially independent, then they would be happy. But would you really?

There's no doubt that there is a psychological aspect to finances. People who loaded down with thousands of dollars of debt have many times been found to struggle with depression. And, conversely, when debt is paid off, the euphoria is almost tangible.

Even when we arrive at financial independence, it's important to keep in mind that it's not our money that buys our happiness in life. Proper perspective will go a long way in leading a contented life.

Best Quick Money Tips

What Is Financial Independence? – People throw the term “financial independence” around a lot, but what does it really mean? It probably means different things for different people and, according to this post from Beating Broke, your definition may change over time.

Beyond Money: How to Find Happiness in Your 20s (or Any Time) – Do you ever stop to think about what makes you happy? Jeffrey Tull has some advice for keeping happiness as your focus.

8 Jobs You'll Love that Pay $50,000 a Year – Maybe you hate your job, but you're afraid to leave it because you don't know what else you'll do. If you have to choose between happiness and money, you're going to choose money. But what if you didn't have to hate your job?

It's Time to Power Save for Your Retirement – Are you planning on working and saving until you're 70? Statistics show that's not very likely, so you need to make sure you're doing all you can now.

How to Not Get Hustled by Your Student Loans – Bottom line: get organized and make a plan. Don't let your lender plan your future for you; they just want to make money off you.

More Quick Money Tips

The Rise of Part-Time Work – According to this NY Times blog post, “We are nowhere near recovering the jobs lost in the recession, and the track record looks even worse when you consider that so many of the jobs lost were full time, whereas so many of those gained have been part time.”

Jobless Last Year? 5 Must Know Tax Tips – Even if you're not employed, you still have to file taxes. Unemployment benefits themselves are income and you need to report them. There are other details to consider in this USA Today article.

10 Ways to Make Money in Your Spare Time – We're all about finding ways to help you make extra money on the side in order to pay down debt, save for a big purchase, or whatever.

For Parents-to-Be, a Few Financial and Legal Tips – Are you having a baby soon? While you're nesting, there are a few other things you might want to consider

5 Family Vacation Bargains – Summer will be here before you know it. Here are 5 bargain places you can go that you might not have heard of.

Carnivals: Carnival of Personal Finance #401, Festival of Frugality #378, Carnival of Personal Finance #399

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Last Edited: May 24, 2013 @ 12:55 pm
About Philip Taylor

Philip Taylor, aka "PT", is a former practicing CPA, blogger, podcaster, husband, and father of three. PT is also the founder and CEO of FinCon, the conference and community dedicated to helping other financial influencers and brands. He created this website back in 2007 to share his thoughts on money, hold himself accountable, and to meet others passionate about moving toward financial independence.

PT uses Personal Capital to keep track of his financial life. This free software allows him to review his net worth regularly, analyze his investments, and make decisions about his financial future.

PT keeps a portion of his emergency fund in Betterment, the automatic investing tool that makes investing super simple. Betterment focuses on what matters most: savings rate, time in the market, investing costs, and taxes. PT recommends this service to anyone looking to get started investing for themselves.

All the content on this blog is original and created or edited by PT.


  1. Ben Edwards says:

    Thanks for mentioning the post on making money in your spare time!