The Psychology of Wealth
I conclude this fifth issue of The Future of Professional Psychology by turning to a deeply embedded concern in the human psyche. This concerns the hopes, fears and aspirations concerning the accumulation of Wealth. I step right on the third rail by bringing up the matter of money! How much is enough money? How do we best earn some money? What are our services worth in terms of money? What are the priorities in our life aside from money? I offer four essays on the topic of Wealth and Money.
The first essay in this series on Wealth and Money focuses on a question that has an obvious answer: Why is Money of Value? I suggest that there is a deeper answer.
Why is Money of Value: The Psychology of Wealth and Its Accumulation
The second essay on Wealth and Money takes us to the matter of priorities. It is based on answer(s) to the fundamental question: Your money or your life?
Your Money of Your Life: The Psychology of Money and It’s Prioritization
Finally, I probe a bit deeper into the matter of Wealth and Money. I examine the “shadow” side of Wealth and its accumulation. To aid this examination, I bring in behavioral economic reflections on loss and regret, as well as the economic concept of negative utility.
The Shadow Side of Wealth and Money: Loss, Regret and Negative Utility
Hopefully, you find this touching of the third rail of psychology not too painful. Some of the insights regarding capital, worker values, Worth and Wealth might even prove useful in guiding the work and life you lead in our challenging mid-21st-century world.
