Willpower and Wealth: How to Attract More of Both

Harness the psychological forces that can help you get what you want out of life.
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  • Lectures 12
  • Contents Video: 39 mins
    Other: 1 min
  • Skill Level All Levels
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 6/2015 English

Course Description

Do you know someone who seems to have endless willpower and someone who doesn't seem to have any? Have you ever wondered why this is?

Have you ever wondering why some people save every penny and other people spend every dime they have?

By the end of this course you'll understand the role that willpower plays in your personal finances and you'll learn evidence based methods to gain more willpower in order to save more money.

Psychology influences the way you handle money. Will you let it handle you?

  • Learn why people have differing amounts of willpower
  • Understand the role that willpower plays in your finance
  • Learn how to make changes in your life in order to improve your willpower so that you can save more money!

You'll learn how willpower influences the decisions you make everyday that influence your money and your quality of life. By the end of the course you'll be able to understand the basics of willpower, review scholarly results on the effect of willpower on personal finances, and learn evidence based practices to increasing the amount of willpower you have.

Please note that this is a course on willpower more than it is a course on basic finances. I have links to courses that provide basic financial literacy if you need it. The emphasis in this course is on learning how to build up your willpower so that you can make the good financial decisions you know you should be making.

Are you ready to boost your willpower?

What are the requirements?

  • Feel ready to create a plan and change the way you save money.
  • Bring an open mind and a willingness to learn.
  • Be prepared to interact with peers.

What am I going to get from this course?

  • Develop a plan that leverages your willpower so that you can save more money.
  • Be able to define willpower.
  • Be able to identify theories about where willpower comes from.
  • Connect willpower and personal financial behaviors.
  • Employ strategies to improve your ability to use your willpower.

What is the target audience?

  • People who believe that educating themselves is the first step to changing their lives.
  • People who dream that with the right plan they can put themselves on a good financial path.
  • Adults and teenagers who manage their own money and who want to improve their ability to save more money.
  • People who want to improve their willpower.

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.

Curriculum

Section 1: Welcome to Willpower and Money: How to Get More of Both
00:37

A synopsis of this course; by the end of this video you'll be able to understand what each section will cover and what you will learn in each section.

00:17

Pull up a chair- make yourself at home! Please introduce yourself to your classmates. Also, please check out the resources tab for a guide about best practices for talking about money in an online context.

Section 2: The basics: Willpower and Personal Finance
00:32

Identify someone who has an immense willpower that you'd like to emulate. Pick someone who you think has exhibited great self-control and has experience financial success. This may be a famous person or someone you know personally, alive or deceased- it doesn't matter as long as you find them to be inspirational!

07:58

You'll be able to define what willpower is.

You'll be able to understand several theories about where willpower comes from.

Non-experimental example of the marshmallow study:

https://www.youtube.com/watch?v=Wz1pnFBLZM4

02:52

Learn the six components of personal financial literacy.

Websites to check out:

Jump $tart- http://www.jumpstart.org/

4 questions

Test your knowledge of the basics of willpower and financial literacy.

00:31

There are lots of ways to save money. Share your best tips here!

Section 3: Connections: The Role of Willpower within Personal Finance
09:52

Learn what research has revealed about the role willpower has in your personal finances.

Programs to improve will by reducing the frequency of exerting willpower:

SEED savings accounts:

http://www.povertyactionlab.org/evaluation/commitment-savings-products-philippines

Save More Tomorrow plan:

http://www.chicagobooth.edu/capideas/summer02/savemoretomorrow.html

Connecting Willpower and Personal Finances
5 questions
Action: Willpower and Personal Finances in Real Life
00:25
Section 4: Future Directions: Improving Your Willpower
13:59

Ten evidence based strategies for improving your willpower.


Transtheoretical model of change:

http://www.prochange.com/transtheoretical-model-of-behavior-change


Commitment devices:

Tell everyone on your social network

Youtube/blog about your plan and progress

https://www.beeminder.com/

http://www.goalmigo.com/

http://www.stickk.com/

Improving Your Willpower
8 questions
Action: Submit your Plan to Save More Money
00:47
Section 5: Conclusion: Self-control and Saving Money
01:11

Review the main points of the lecture: the basics, the connection between willpower and personal finances, and future directions in order to help you save more money.

1 page

If you liked any of the images you saw as part of this course, please check out the resources tab for the photographer's information. All images are used as part of a CC license.

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Instructor Biography

Michelle Samuel, Assistant Professor of Psychology

Background:

-Assistant Professor of Psychology at a small liberal arts university in Los Angeles since 2009

-Voted Best Instructor of the Year (2013) by my students

-Teach: statistics, research methods, psychology and money course for a Psychology department

-Scholarship: the art and science of college level teaching

Philosophy:

I believe everyone can benefit from understanding how to solve complex problems and can do so without having to pay for a professional tutor. I was born into a family of teachers and I've tutored students since my high school days. I enjoy helping people learn concepts that are initially hard for them by breaking down big ideas into smaller easy to understand ideas. I understand that students today have many pressures on their time so I've designed my courses to quickly help you understand a concept.

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