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Money is emotional, not just practical from "summary" of Know Yourself, Know Your Money: Discover Why You Handle Money the Way You Do, and What to Do about It! by Rachel Cruze
Money is emotional, not just practical. This concept is key to understanding our relationship with money. Many people view money as a purely rational and logical entity. They believe that if they simply follow a budget and save diligently, they will achieve financial success. However, the reality is much more complex. Our emotions play a significant role in how we handle money. Our emotions can influence our financial decisions in profound ways. For example, fear can lead us to hoard money and avoid taking risks, even when those risks could lead to greater financial rewards. On the other hand, greed can cause us to make reckless investme...
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