Overview

This course explores how emotions, cognitive biases, and personal experiences profoundly influence the way individuals perceive, manage, and make decisions about money. It delves into behavioral finance concepts such as loss aversion, confirmation bias, and emotional influence, highlighting how these psychological factors can lead to irrational financial choices that impact wealth accumulation and financial well-being. It emphasizes the role of mindset, including money scripts formed in childhood, and how they shape spending, saving, and investing habits. Understanding these behavioral patterns empowers individuals to overcome detrimental biases, improve financial discipline, and develop strategies that align with long-term goals. By integrating insights from psychology and finance, participants can enhance self-awareness, make more rational decisions, and build healthier relationships with money.

Key Topics:

• Behavioral Biases Affecting Financial Decisions: Exploring common biases like loss aversion, confirmation bias, and overconfidence that influence money management.

• Emotional Impact on Financial Behavior: Understanding how emotions such as fear, greed, and anxiety drive impulsive spending or risk-averse investing.

• Money Mindset and Childhood Influences: Examining how early experiences and money scripts shape lifelong financial attitudes and behaviors.

• Cognitive and Social Factors in Financial Choices: Analyzing how social influence, mental accounting, and herd behavior affect investment and spending patterns.

• Strategies for Improving Financial Decision-Making: Techniques to increase self-awareness, mitigate biases, and cultivate disciplined, goal-oriented financial habits.