Willpower and Wealth: How to Attract More of Both
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Willpower and Wealth: How to Attract More of Both

Harness the psychological forces that can help you get what you want out of life.
4.8 (5 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
469 students enrolled
Last updated 6/2015
English
Current price: $10 Original price: $20 Discount: 50% off
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Includes:
  • 39 mins on-demand video
  • 6 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What Will I Learn?
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.
View Curriculum
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.
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?

Who 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.
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Curriculum For This Course
Expand All 12 Lectures Collapse All 12 Lectures 45:01
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Welcome to Willpower and Money: How to Get More of Both
2 Lectures 00:54

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.

Preview 00:37

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.

Preview 00:17
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The basics: Willpower and Personal Finance
4 Lectures 11:53

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!

Preview 00:32

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

Preview 07:58

Learn the six components of personal financial literacy.

Websites to check out:

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

Preview 02:52

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

The Basics
4 questions

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

Action: Share Your Tip to Save Money
00:31
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Connections: The Role of Willpower within Personal Finance
2 Lectures 10:17

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

Evidence from the Lab: Connecting Willpower and Personal Finance.
09:52

Connecting Willpower and Personal Finances
5 questions

Action: Willpower and Personal Finances in Real Life
00:25
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Future Directions: Improving Your Willpower
2 Lectures 14:46

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/

Evidence from the Lab: How Experiments have Increased Willpower
13:59

Improving Your Willpower
8 questions

Action: Submit your Plan to Save More Money
00:47
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Conclusion: Self-control and Saving Money
2 Lectures 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.

Course Summary
01:11

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.

Action: Wrapping up this course
1 page
About the Instructor
Michelle Samuel
4.1 Average rating
10 Reviews
820 Students
2 Courses
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.