Money is B E H A V I O R A L. Our beliefs about money, what we grew up seeing, and the habits we’ve formed become the lens through which we view our finances.
In this mini-series, we're looking at several different psychological phenomena that impact our financial behavior. First up: Scarcity Effect.
I remember listening to a podcast once that was talking about the scarcity effect in dating. When someone doesn't show interest in us, it makes us think they are even more valuable than they probably are, and we want them even more. The same goes for finances, and that's why there are so many "limited editions" out there or online products that say "only 5 left!" When something is "rare" it makes it even more appealing to us and increases the value in our eyes... which can lead us to make poor financial decisions to obtain that item.
How has scarcity affected impacted you?
🌐 www.anthonydoty.com
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How to Gain Real Wealth & Peace of Mind 🌟 #shorts
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Budget friendly self care swaps! This is so needed for me today 🧘🏻♀️☕️🧖🏼♀️
🌐 www.anthonydoty.com
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If you HAD to pick one... which would it be?!
🌐 www.anthonydoty.com
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Hey, everyone! I want to share a personal story with you that taught me some important lessons about credit and financial management. 😬
Recently, I lost $23,000 in available credit overnight with the X1 Card. Waking up to find out that a massive portion of my credit limit had disappeared was a shock, to say the least! This sudden reduction really got me thinking about how credit limits can impact our financial health—especially when we least expect it.
💳 What Happened:
The X1 Card issuer decided to lower my limit without warning, likely due to changes in my credit score or spending patterns. While it didn’t leave me with a major financial issue, it did have an immediate impact on my credit utilization, which can affect my credit score if not managed properly.
⚠️ Why It Matters:
Credit limit reductions like this can catch you off guard, especially if you rely heavily on one card. It’s a reminder to always monitor your credit and be prepared for changes.
💡 What You Can Do to ...
Hey WealthWithDoty family, I wanted to share my incredible journey with you all. Before meeting Holly, I was struggling with multiple businesses and no clear direction. But thanks to her amazing coaching and the AIM methodology, I've transformed my approach and regained my focus.
Check out video here:
If you're feeling stuck or need guidance, I highly recommend connecting with Holly. She can make a real difference in your journey, just like she did in mine! 🙌
🔗 Connect with Holly > https://Links.Anthonydoty.com/s/Holly
#FinancialFreedom #Empowerment #SuccessStory #BusinessCoach #FinancialCoach #EntrepreneurLife #OvercomingObstacles #FocusAndAchieve #TransformYourLife #FinancialSuccess #MindsetShift #Motivation #PersonalGrowth #BusinessJourney
Which of these financial tips do you apply?
🌐 www.anthonydoty.com
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