3 Genius Tips For Personal Financial Literacy

3 Genius Tips For Personal Financial Literacy

What is personal financial literacy? How can it help you achieve your financial goals? Anyone who wants to achieve certain financial goals should have a firm grasp on personal financial literacy. In order to learn personal financial literacy, you should first overcome your own mental obstacles, and then begin learning about the different strategies to create wealth like those outlined in Rich Dad, Poor Dad.

The Werther Effect: Why Suicide Is Contagious

The Werther Effect: Why Suicide Is Contagious

After a suicide is publicized, did you know that there is an increase in copycat suicides? Why is that? The Werther Effect explains the psychology of imitation as applied to suicide. The Werther Effect is a phenomenon in which there is an increase in suicides after media coverage of a suicide. This theory is related to the Social Proof Principle. Learn how you are manipulated into following what others do, especially in times of uncertainty or when there are similarities.

The Concept of Scarcity: Tricking You With “Limited” Stock

The Concept of Scarcity: Tricking You With “Limited” Stock

Are you tempted by products that are only available for a short time? What about the lure of something exclusive that only a few people have? Is it the product itself or the concept of scarcity of that product drawing you? The concept of scarcity in social psychology is that we are attracted to things that do not appear to be widely available. These things may be having a shortage or may just be accessible by fewer people. According to Robert Cialdini, scarcity influences our decisions. Don’t allow the concept of scarcity to obscure your actual feelings, opening yourself up

10 Rich Dad, Poor Dad Steps for Financial Success

10 Rich Dad, Poor Dad Steps for Financial Success

Rich Dad, Poor Dad has a lot of useful advice on getting wealthier and becoming financially successful. What are the key Rich Dad, Poor Dad steps you need to get started? Along with lessons from his rich dad and poor dad, author Robert Kiyosaki offers 10 Rich Dad, Poor Dad steps to help you get started on your journey to financial independence. Use these steps and get on your way toward achieving your financial goals.

Endless Chain Method: Are You Fooled by Name-Dropping?

Endless Chain Method: Are You Fooled by Name-Dropping?

Have you ever been approached by a salesman who knows your friend or neighbor? Maybe he claims that your friend thought you could really use the product. Or maybe a salesperson asks you to recommend someone else in the neighborhood they could call on? This is the endless chain method in action. The endless chain method is a technique in which each sales prospect is asked for referrals, creating an ongoing chain of possible customers. The endless chain technique relies on the familiarity bias, which favors people you know and like. Learn how you’re manipulated because the requester represents the