Emotional intelligence is vital for financial success from "summary" of The New Psychology of Money by Adrian Furnham
Emotional intelligence, often referred to as EQ, has been identified as a key factor in achieving financial success. This concept is based on the idea that understanding and managing emotions is crucial in making sound financial decisions. Individuals with high emotional intelligence are better equipped to navigate the complexities of the financial world, as they can assess risks, control impulses, and regulate their emotions in high-pressure situations. Research has shown that individuals with high emotional intelligence tend to have better financial outcomes compared to those with lower EQ scores. This is because they are able to make rational decisions based on a clear understanding of their emotions and how they may impact their financial choices. By being aware of their emotions and the emotions of others, they can effectively man...
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