What brings you the greatest joy in life? Your family and friends? Your health, your career, or new experiences?
Whatever it is, we all need things outside of money to truly be happy in life. (1)
Taking a minute to think about those things – like our relationships and experiences – can slow down our recession anxieties when they start to spiral. Learn how in this month’s Visual Insights Newsletter.
How much do you rely on logic to make money decisions? How much do you think emotion comes into play?
Believe it or not, we all have an emotional relationship with money. And that relationship is different for every one of us. (1)
Your money personality is the product of your circumstances, experiences, and so much more. It’s behind your beliefs about money, and it feeds into the positive or negative feelings you have about it. (1)
So, how has your money personality shaped your views and financial choices?
Answering that question is the focus of this month’s Visual Insights Newsletter.
Getting to know your money personality can be eye-opening (and maybe even fun). So is stepping into someone else’s shoes to see how they think about money differently. And, no matter what type of money personality you have, it helps to get to know it a little better. If you do, you can gain far more than just a fresh perspective. You may also discover better ways to make your financial future even brighter.
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Today, a quick overview of what's going on in the financial and economic world.
(Plus a discussion of the hunt for beauty in the mundane.)
Stocks seem to be caught in a volatile pattern as Q1 earnings season heats up. Something surprising could trigger a big move, but it's hard to predict anything with certainty.
A potentially bigger concern: A number of economists think that a recession may be on the horizon.(1)
The latest forecast by the International Monetary Fund predicts that Russia's invasion of Ukraine is going to take a chunk out of global growth this year and next.(2) Fannie Mae is forecasting slowing growth in 2022 and a recession in 2023.3 When multiple forecasts start pointing in the same general direction, it’s worth paying attention. So, what do we do with that information right now?
You’ll often hear folks like me say that investors or markets “hate uncertainty.”
And that causes market drops and volatility.
Why do we hate uncertainty so much?
And how can we look past initial reactions and embrace the power of uncertainty?
I made a short video discussing 3 secrets to embracing the power hiding inside uncertainty.
