Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Klontz"


3 mentions found


The No. 1 action Americans took in 2022 to build wealth
  + stars: | 2022-12-13 | by ( Ryan Ermey | ) www.cnbc.com   time to read: +2 min
If earning more money is on your to-do list in the upcoming year, it's worth examining the actions other Americans say they took to do so in 2022. When asked which steps they took to build their personal wealth in 2022, 27% of Americans said they invested in the stock market. Zoom In Icon Arrows pointing outwards Gene Kim | CNBC Make ItInvesting during a down market: 'You should be super excited'Investing in the stock market in 2022 has required some perseverance. While the slide in stock prices has likely scared off more than a few investors in the short-term, those looking to build long-term wealth have been smart to keep buying. That's because, historically, the stock market has trended steadily upward.
You don’t have to think or feel this way, thanks to a flexible personal finance approach called conscious spending. “Conscious spending is all about spending extravagantly on the things you love, as long as you cut costs mercilessly on the things you don’t. But a conscious spending plan allows you to say, “Yes, I want to go on vacation. Rewiring your spending habitsThe term “conscious spending” implies that people experience unconscious spending, said Bradley Klontz, a financial psychologist and associate professor of practice at Creighton University’s Heider College of Business in Omaha, Nebraska. Or should I not?’”If you want to give conscious spending a shot, try it for a month.
If you think knowing something about behavioral economics prevents you from doing stupid things, let me tell you about the Black Sabbath poster I bought. How I almost lost my mind bidding on a stupid Black Sabbath poster One day I was monitoring an online auction of rock posters. A 1976 Black Sabbath poster came up for sale. It's not like Black Sabbath has an intense cult of collectors, like Zeppelin or the Velvet Underground. With that damn Black Sabbath poster, I violated all the rules.
Total: 3