Do you really need your money to be readily available?

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5 minutes to Finance Well

Beth Clay

40 episodes

1 day ago

Bite size financial tips to become financially well one podcast a time. We'll address common financial concerns like ending up with no money, feeling guilty after spending, and handling awkward financial conversations with family. Dive into topics including why wealthy people use debt to grow their money, how much you should be getting paid, and effective saving strategies. Join us weekly for honest, judgment-free discussions designed to improve your financial well-being and make you feel good about managing your money. Subscribe, share, and tell us your biggest money challenges.

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Self-Improvement

All content for 5 minutes to Finance Well is the property of Beth Clay and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.

Bite size financial tips to become financially well one podcast a time. We'll address common financial concerns like ending up with no money, feeling guilty after spending, and handling awkward financial conversations with family. Dive into topics including why wealthy people use debt to grow their money, how much you should be getting paid, and effective saving strategies. Join us weekly for honest, judgment-free discussions designed to improve your financial well-being and make you feel good about managing your money. Subscribe, share, and tell us your biggest money challenges.

Show more...

Self-Improvement

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Do you really need your money to be readily available?

5 minutes to Finance Well

6 minutes 8 seconds

7 months ago

Do you really need your money to be readily available?

In this latest episode we explore the psychology behind having readily available money and its impact on your financial wellbeing, known as the salient data effect.

We'll discuss why seeing real-time bank balances provides comfort and a sense of control, and discuss strategies to balance this need with effective financial planning.

Learn how to ensure your money is both accessible and working for you through high-interest accounts and investments.

Tune in for valuable insights and practical tips on maintaining financial health.

00:00 Introduction to Readily Available Money

00:35 Understanding Salient Data Effect

01:27 Psychological Comfort of Accessible Balances

02:57 Balancing Accessibility and Investment

04:00 Tracking and Automating Savings

05:00 Evaluating Net Worth

05:54 Conclusion and Next Steps