In the real world, most people don't make decisions on a spreadsheet.
They make them at the dinner table, in a meeting room, or worse still on a golf course or in a bar where personal history, your own unique view of the world, ego, pride, personal relationships, marketing and odd incentives are scrambled together.
The truth is, people make crazy financial decisions.
Why?
Because people from different generations, raised by different parents who earned different incomes and hold different values, in different parts of the world, born into different economies, experiencing different job markets with different incentives and different degrees of luck, learn different lessons.
Everyone has their own unique experiences of how the world works.
What you experience yourself is more compelling to you than what you learn second-hand from books, blogs, or me...
So, all of us go through life anchored to a set of views about how money works - this varies wildly from person to person.
Ideas, beliefs and attitudes toward money we inherit from our personal past or from society impact our current relationship with money.
What seems crazy to you might make sense to me.
The person who grew up in a poor family thinks about risk and reward in ways the child of a wealthy family cannot fathom if they tried.
We all have internal 'scripts':
Beliefs and paths we develop in close and formative relationships, especially during our childhood.
And external 'scripts':
Beliefs and paths we inherit from society. Perhaps the biggest is what 'retirement' is or could be.
These tend to be developed subconsciously or passively and we are largely unaware of how they impact us.
To find out what's driving all your decisions, click here: https://lnkd.in/dsPBFf8j