A little Money Psychology

I read an article by Goldengirl Finance this moring titled: Riches to rags: Why most lottery winners end up broke. It echos the same money principle that I hold true; which is, if you don't work for it you will never esteem it's value correctly. Money that comes easy will go in the same fashion, whereas hard work an struggle will bring a greater level of appreciation for every dollar earned.

Proverbs 13:11 King James Version (KJV) Wealth gotten by vanity shall be diminished: but he that gathereth by labour shall increase.

"Here’s an experiment for you: Place a small bowl of M&Ms (or your fattening/sugary vice of choice) right within reach. Leave it there all day and then count how many you ate. Think that was a test of self-control? Now try putting a huge bowl in the same place. We’d venture to guess you’ll end the day with as few left at the bottom as when you started out with less.

Indeed, it’s hard to stop when it seems like you’re hardly making a dent. That’s because we tend to adjust our consumption based on what’s available to us – and we aren’t just talking about candy. Many people treat money the very same way"

Read the whole article here