Category: Personal Finance
Even Adults Need Those “Look What I Did!” Moments
| September 28, 2012 | Posted by Roshawn Watson under Personal Finance, psychology |
Child: Look at what I did mommy! Mom: Wow, that’s nice dear…good job! It is funny how as we grow older, we outgrow many things such as bibs, recess, training pants, and naptime. However, one constant appears to be our need for approval. Even as adults, psychologists note that we have an overwhelming desire to […]
Why You NEED Blow Money
| September 20, 2012 | Posted by Roshawn Watson under Personal Finance, psychology |
By Roshawn Watson There’s an EPIC battle going on. The stakes have never been higher. Your very destiny hangs in the balance. Both sides have experienced warriors, and only ONE will emerge victorious. I’m speaking of the battle between your self-control and your desires. One of my biggest exposures to this conflict occurred when I […]
When Lattes Are NOT Your Problem
| September 14, 2012 | Posted by Roshawn Watson under Personal Finance |
By: Roshawn Watson People sometimes get so overwhelmed that they don’t know where to start with investing for retirement, especially while trying to simultaneously invest for a college education for children, pay for adequate insurance, and pay off their homes. This is where the Latte Factor comes into play. It is deceptively simple. By siphoning […]
Does Wealth Reduce Compassion?
| September 7, 2012 | Posted by Roshawn Watson under Personal Finance, psychology |
By: Roshawn Watson Most of us are familiar with Scrooge, the wealthy businessman who is high on ambition but short on compassion. Unfortunately, Scrooge isn’t a fictional anomaly; businessmen are frequently depicted negatively in Hollywood. Michael Medved found that since 1970, businessmen have been portrayed as “villains” twice as often as “good guys.” Could there […]
Why Do We Worry About Money?
| August 30, 2012 | Posted by Roshawn Watson under Personal Finance, psychology |
By: Roshawn Watson Some of us regrettably major in worry. Worry is sometimes easier than picking ourselves up off the ground, scraping together good solutions, and having faith that things will work out. Although financial worries are very prevalent, particularly due to the economy, they are in no way innocuous. According to a poll on […]
Do Americans Know What Poverty Is?
| August 13, 2012 | Posted by Roshawn Watson under Personal Finance, US Economy |
By: Roshawn Watson (special note at the end of post) Increasingly, I’ve become aware that the definitions of “poverty” and “low income” have changed. Fortunately, long gone are the times during the Great Depression where the typical poor would get into bread lines for rations. During the Great Recession, it is a decidedly different portrait […]
Are You A Financial Liar?
| July 13, 2012 | Posted by Roshawn Watson under Personal Finance, psychology |
By: Roshawn Watson We often espouse honesty as an important societal virtue. We tend to agree that trust underscores our relationships, and lies erode that trust. The implications of lying extend beyond its effect on relationships though. Sometimes in the name of protecting ourselves, facts about our circumstances are conveniently distorted in order to make […]
Breaking Bad Financial Habits
| July 5, 2012 | Posted by Roshawn Watson under Personal Finance, psychology |
By: Roshawn Watson How often do we find ourselves in the same financial ruts over and over? With the best of intentions, we proclaim that we’ll never be in these positions again. Unfortunately, while the precise circumstances change, for the most part, history repeats itself. Our financial lives consist of patterns. That likely won’t change. […]
Be Your Own CFO (Part 1): The Dreaded “B-word”
| April 28, 2007 | Posted by Roshawn Watson under Personal Finance |
By: Roshawn Watson As the semester’s end draws near, I have been extremely busy (oral and take-home exams, multiple assignments due, presentations, proposal due, etc). In group projects, members have failed to contribute and even plagiarized published articles. Additionally, some faculty have been inordinately insensitive to my other obligations, assigning new work at the […]
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