Financial Optimist or Pessimist?

Is Your Bank Account Half Empty or Half Full? When it comes to our ability to make healthy and sound financial choices, mindset matters. If you’re an optimist, you’re likely someone who focuses on growth and advancement. You anticipate the best possible outcomes and — according to some experts — that’s how most of us approach life. “Generally, human beings have optimistic biases,” says Tim Pychyl, associate professor of psychology at Carleton University and author of “Solving the Procrastination Puzzle.” “We wear rose colored glasses a lot of the time.” Pessimists, on the other hand, concentrate on safety and security and tend to expect the worst possible outcomes. While they may consider themselves pragmatic, the outside world gives pessimists a bad wrap for being too negative and no fun. A Debbie Downer, if you will. So which outlook fares best when making good financial choices on whether to buy a home, invest or budget? READ MORE in my latest post.

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