Rich Money Habits Carnival – The Psychology of Money

Welcome to the third edition of Rich Money Habits Carnival – The Psychology of Money.  The top picks of this edition all share the same common theme – discovering the psychology of money.

How is Warren Buffet, one of the richest people in the world, different from the rest of us?  Why is it that some people make excuses and others continue to blast their way to success?  How can you get what you want by also giving someone else what he wants?  Find the answers out by reading through our top picks for the month of March.

Rich Money Habits’ Top 5 Picks

  • Your Best Library presents 10 Signs You’re a Financial Disaster posted at Your Best Library, saying, “If you show these 10 signs, the chances are high that you’re a financial disaster.” [RMH] Hilarious! I couldn’t stop myself from nodding my head at the 10 signs of being a financial disaster.  Witty, funny and definitely spot on.
  • Silicon Valley Blogger presents Basic Business Advice from an Accidental Entrepreneur posted at The Digerati Life, saying, “My own story on how I became an online entrepreneur.” [RMH] This article is an honest take on the life of an accidental entrepreneur.  The author said it best in “it’s (NOT) enough to say that your business is filling a need…you should actually be good at filling that need.”
  • Joe Plemon presents Are You An Opportunity Seizer or an Excuse Maker? posted at Personal Finance By The Book, saying, “Some find opportunity when it seemingly doesn’t exist. Others make excuses when opportunity knocks. A great rich money habit is to learn how to seize those opportunities.” [RMH] Great article on why we need to stop making excuses and take advantage of opportunities that come our way.  While reading the post, I remember the movie “Yes, Man” starring Jim Carrey.  It’s a feel good movie about saying yes to opportunities that life has to offer you.“
  • Writers Coin presents Warren Buffett’s Investment Advice: Why It’s So Hard to Follow | Wise Bread posted at Wise Bread, saying, “I almost made a ton of money and then almost lost a ton of money in the stock market. Just goes to show you how hard it is to follow Warren Buffett’s advice on being greedy when others are fearful and fearful when others are greedy.” [RMH] Great article on why it’s so hard to invest like Warren Buffet.  I totally agree that investing is more than money – sometimes it is also about handling your own emotions.  As Warren Buffet said ’be fearful when others are greedy and greedy when others are fearful.’  Unfortunately, working with these 2 emotions is precisely the reason it is not easy to invest and go against the crowd.
  • Learn Save Invest presents Know your position posted at Learn Save Invest, saying, “A personal story of how I saved money on truck repairs just by realizing my position, and asking for a break.” [RMH] Inspiring story on how it pays to know what the other person wants when you try to ask for a discount.  In the end, the goal should be to have everybody win.

Other interesting articles in this edition

On Taxes

Investing

Banking and Credit Cards

Personal Finance

That concludes this edition. Submit your blog article to the next edition of Rich Money Habits Carnival using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

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14 Responses to Rich Money Habits Carnival – The Psychology of Money

  1. Joe Plemon April 1, 2010 at 7:56 pm #

    Thanks for hosting the Carnival and including my post. I am honored to receive an editor’s pick out of so many good articles!

  2. Nash April 1, 2010 at 10:30 pm #

    Great article!

    Thanks for hosting the carnival and to include my article in the carnival too.

    Nash
    Nil2Million.com

  3. Belinda Dawson April 2, 2010 at 4:32 pm #

    Hi,

    I am Belinda Dawson the webmaster of some finance related sites and blogs and my sites are doing fine in major search engines. While searching in Google I have found your blog akosiallan.com and as we both are in the similar field, I would like to exchange links with your blog.

    I have some healthy content pages in my websites and will give you some healthy links from my websites.

    I believe that only good content will not help you in gaining the Google values. For that purpose healthy content link exchange or Normal link exchange is essential. If you agree with this we can exchange some articles as well as good links which will provide an extra benefit to our sites.

    I can assure you that you will get good Search Engine value from our link.

    Waiting for your reply to come. My mail address is: belinda[dot]dawson1984[at]gmail[dot]com

    Regards
    Belinda Dawson

  4. Betty Kincaid April 5, 2010 at 1:14 pm #

    Allan,

    Thanks for including us in your carnival. I’m looking forward to reading all the other great posts.

    Betty

  5. Allan @ Rich Money Habits April 5, 2010 at 8:31 pm #

    @Joe, It’s always a pleasure to feature a great article. More power to you!

    @Betty, you’re welcome. Enjoy reading the other articles!

  6. Amy April 23, 2010 at 3:51 pm #

    Great article!

    Thanks for hosting the carnival and to include my article in the carnival too.

    Nash
    Nil2Million.com

  7. The Digerati Life April 25, 2010 at 9:43 am #

    Thanks for the inclusion! From a fellow pinoy (pinay)! :)

  8. Alex Burda May 1, 2010 at 2:19 am #

    HI….. Nice carnival i really enjoy this post quite new things are in the carnival keep it up nice work.

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