Money & Finance
The 8 Deadly Sins of Money
That’s not a typo, there’s a new 8th one in Finance. Applying these 8 sins to being broke.
When people contemplate financial decisions and their money situation, they always think about the what. What’s my bank balance, what’s the cost, what’s the object being purchased, what’s the interest rate, etc.
But the “what” doesn’t matter. Not really, not at the core.
For money and finance, it’s really about the “who.” It’s about who you are as a person. It’s about the underlying virtues, habits, and mindset that will determine much of your financial success…or failure. If you don’t have that foundation, if you don’t know who you really are deep down inside, you will never have control over your finances.
And that brings us to today’s listicle — my list of the 7 classic deadly sins applied to personal finance, plus one new sin that may be the deadliest when it comes to money. It’s about who we are — our habits and mindsets shape our financial decisions, which shape our life+money portfolios. These 8 deadly sins of money are all behavioral, which means we can overcome them so long as we don’t fall into their traps.
