Discover how your psychology shapes money habits and learn how to build a healthier, more mindful relationship with your finances.

In this episode of Everything Counts, we explore how deep-seated psychology and early life experiences shape our financial habits.

Host Motheo Khoaripe is joined by Professor Charlene Lew and Investec financial adviser Kgomotso Motloung to unpack why we sometimes sabotage our savings and how to break the cycle.

Learn practical strategies to rebuild a healthier relationship with money − from budgeting and goal-setting to mastering your emotional triggers.

00:00 Introduction

01:50 Psychology behind our money behaviours

02:50 How mindset and personality affects your money behaviour

04:00 How early experiences shape our relationship with money

05:00 Emotional spending and how to stay in control

05:45 Why your relationship with money matters to your financial adviser

07:00 How societal norms affect our relationship with money

08:15 Financial comfort vs discomfort

11:00 The sunk cost fallacy

13:30 How to be rational about financial wellness

14:30 Psychological effects of debt

16:15 How to build positive money habits

18:30 Practical strategies to getting onto a good financial path

20:15 Choosing a financial partner for good financial advice

22:15 How a financial adviser can help you to get your money under control

23:15 The importance of having a vision for the future and setting financial goals

25:15 Conclusion Investec Focus Radio SA