Today, I want to talk about the psychology of money, or what’s known as behavioral finance. If I’m going to teach you how to take control of your personal finances (your cash flow, your risks, your investments, and your distributions), you must know why you lose control of them. You see, the way you think about money directly affects the way you behave with money. Your personal beliefs and your unique experiences create your biases about life and about money. Those money biases affect your feelings and expectations about money which then lead you to handle money a certain way.