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The magic happens outside of your comfort zone - so feel the fear and do it anyway.
Catastrophising has two parts: Predicting a negative outcome., and then jumping to the conclusion that if the negative outcome did in fact happen, it would be a catastrophe.. "I’m behind in all my bills. Things will never get any better. I need to look into bankruptcy.”
The persistent tendency to transform neutral or even positive experiences into negative ones. "I’m doing okay with the house repayments, but I haven’t got enough in my retirement savings, I’m so far behind and I’ll never catch up."
Using emotions to drive decisions and actions. “I’m scared about investing. I don’t know enough and it makes me nervous. That’s a sign that I shouldn’t do it. A high interest savings account is my best option.”
Mind reading is assuming you know what other people think, for example, "I’m too embarrassed to speak to a professional (e.g. financial counsellor) about my budget or financial problems because they will think I’m stupid."
Struggling to find a personal finance book you connect with? Well perhaps Luna Jaffe’s ‘Wild Money’ is what you’re looking for.
What happened when we caught up with Prime7 News to talk about why we love doing what we’re doing.
The problem with all or nothing thinking is that it can disrupt any attempts to change your behaviour and habits. For example, if you want to create and stick to a budget there’s a good chance that even one slip up will derail all of your efforts.. All-or-nothing thinking will have you believe that you’ve totally failed, and that you might as well throw the budget out the window.