Wednesday, September 27, 2006

Hi, I am Carol Yip!

Have you ever wondered why money seems to work so well in some people’s lives and so destructively in others? Why some people control money while others allow it to control them?

I do wonder all the time.....

Or why some of us can manage it so effortless to fulfill life’s plans and goals, while others never stop to question how they want it to serve them?

Well, can it be due to luck, faith or we work hard for it!?

Questions like these are not typically explored.

Why not?

I believe it is because the answers do not lie in cold financial facts. One must look at both the financial and psychological factors involved in money matters to make sense of why people do what they do with money.

This is because all of us, biologically, have certain characteristics and personality. Our brain is made up of billions of energy cells and intelligence to function our physical body.

We are brought up in influenced environment where there are social interactions with many kinds of people. Our behavior, thoughts and emotions, are therefore, influenced over time as we age.

The way we think, the way we feel and the actions that we take relates to the relationship we have with ourselves, that have direct or indirect implications or effects on our money.

In short, the money that we have and our feelings towards money are not static, but fluid, dynamic and intense. And yet, we know so little about why we experience these emotions towards money and the effects they have on our very existence in our daily lives.

Our psychological money self is an integral part of our behavior and influences the way we manage our money. In other words, your financial personality is a major factor in how you utilize or save your money.

Not only do we have a physical self, an emotional self and a social self, but we also have a financial or money self.

Because I believe in financial psychology of human behavior, I have created this blog to share and learn about the psychological aspects of human beings and how money becomes the end result of people's behaviour, habits and actions.

Many of us have fixed beliefs, past experiences, upbringing and encounters that cause our actions... somehow, in any actions that we take, there is relationship towards money.

In a way, we have this area of psychology called MONEY PSYCHOLOGY.

When money is oncerned, personality of the person can change totally......... the person can be greedy, thrifty, spendthrift, a "gambler instinct", "power hungery", stingy, betray friends, cheat on others and the list goes on...

Why is that so?

Do you know why?

Well, I welcome comments and share of experiences from you... please post your comments... :-)
Check out my website www.AbacusForMoney.com

I give talks on "Understanding Your Financial Behaviour". Some testimonials of my talk...

"Carol’s talk goes deep and draws out the awareness and realization in understanding our financial behaviour. This awareness and realization is the first step to good money management for financial freedom. Carol, keep up the great work! Your transfer of knowledge to our society is priceless!"~ Tan Sai Hup, Assistant Director TEC ~

"It was our great pleasure having you as the Speaker for our evening talk entitled "Understand Your Financial Behaviour". We would like to express our gratitude for your sharing session with us and our audience.

The majority of our audience found the content of your talk was very informative, easily understood and well presented. They have commented that the talk had helped them to understand their financial "behaviour".~Yeap Teik BuManager of Centre for Continuing Professional EducationTunku Abdul Rahman College~

"As this was my first attendance at Carol Yip's presentation, I must say I was impressed with her smooth ease and fluent delivery ... simple step-by-step powerful principles, financial plans and skills anyone can easily adopt and manage finance, followed by exercise application in real-life situations.

This is a must learn and apply money savvy for a promising future of money management, specially designed for adults who want to asses their money skills, manage money and achieve financial goals, freedom and independence.

Make a friend out of a financial coach with delightful Carol Yip who can safely guide you to money action plan which will effectively work for you! Keep up the good work, Carol!" ~ Anthony T.K.Lim ~Training Consultant/CoachToastmasters Area P1 Governor, 2006-2007(for Toastmasters Clubs MIM, TelekomScope International/Standard Chartered Bank and Satu Hati)

More testimonials.... http://www.abacusformoney.com/testimonials.htm

Check out more about my workshops at http://www.abacusformoney.com/keynotes.htm#Understanding

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