Psychology of Money: Finessing Financial Security with Michelle Singletary & Scott Nations

These days, more often than not, financial market headlines include the terms ‘market crash’, ‘bubble bursting’, ‘inflation’, or ‘downturn’. What do these terms mean for long-term investors or for those who don’t invest but are impacted by job loss or economic hardship? How can everyday Americans attain enough financial security to be happy? To get expert advice about staying financially healthy, Positive Psychology Podcast Host Lisa Cypers Kamen speaks with two economic experts who talk about the psychology of money and how to achieve financial security. Michelle Singletary is a well-known financial advisor and a syndicated columnist for the Washington Post and other high-profile news outlets. She discusses tips for creating a savings cushion in the case of an emergency and how financial security means paying for basic needs first. The information is from her book, What to Do with Your Money When Crisis Hits: A Survival Guide. Scott Nations is the president of a financial firm and a regular contributor to CNBC. He talks about his book, The Anxious Investor: Mastering the Mental Game of Investing, and the human behaviors that lead us to either be averse to risk or embrace it.