Money – How Emotions Influence Your Financial Personality

Key Takeaways

  • Research shows that emotions drive many of our important money decisions.
  • Five important emotions that affect how we deal with money are self-worth, love, security, power and attractiveness.
  • Having a plan, knowing the facts and not making decisions alone can go a long way toward keeping our emotions and money in check.

Florida Domicile

Are you really prepared to make the move?

Key Takeaways

  • On top of great weather, Florida is business friendly, it has no state income or inheritance tax, and it has great asset protection laws.
  • There are many misconceptions about domiciling in Florida, including misconceptions about property ownership, residency duration, driver’s license and voter registration.
  • On top of having good sunscreen, you’ll need a CPA, a financial advisor and other professionals with domicile experience.

Money: Health Comforter or Time Extender?

Key Takeaways

  • In the relationship between health and money, three key elements come into play: exercise, nutrition and genetics.
  • Money cannot insulate you from a major health setback, but it can certainly increase your comfort and longevity.
  • Unfortunately for most Americans, it costs twice as much to eat healthfully as it does to eat unhealthfully.

Disagreements Over Spending Strain Relationships

Why it’s essential to communicate clearly about “needs” versus “wants”

Key Takeaways

  • After meeting our basic needs for shelter, food, clothing, and health care, everything else is a want—and that’s where the money friction comes into play.
  • Disagreement over spending is the No. 1 predictor of divorce.
  • Research shows that financial responsibility is the top criteria young people use to select a mate—above good looks and career prospects.
  • At all stages of life, men and women are equally concerned about financial responsibility and their partners’ spending priorities.