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?
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?
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.
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!
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:
Learn the six components of personal financial literacy.
Websites to check out:
Jump $tart- http://www.jumpstart.org/
Test your knowledge of the basics of willpower and financial literacy.
There are lots of ways to save money. Share your best tips here!
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:
Save More Tomorrow plan:
Ten evidence based strategies for improving your willpower.
Transtheoretical model of change:
Tell everyone on your social network
Youtube/blog about your plan and progress
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.
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.
-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
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.