Why are we Financially Irrational

Have you every wondered why so many of us  behave the way we do when it comes to money?

Why do we spend too much, even when we know it doesn't make sense.

Why do we expect to pay a low price to buy something, yet once we own it we believe its value is higher.

People and money seem to explode every so often, and governments and economist seem powerless to explain these financial events.


Have you ever wondered ...

• Why are we so irrational when it comes to money?
• Can financial behaviour be predicted?
• If so, why do financial markets seem to explode?

Check out this documentary from PBS's show -  "Mind over Money" below.

5 Ways to Beat the Pain of Change

Change is never easy. Just ask my legs last Monday morning.  I am training for my first sprint triathlon and to be honest I am starting to doubt my decision.

I have always been reasonably athletic. I was a good runner in high school, enjoyed lifting weights in the gym and have been able to adapt to changing athletic pursuits through out my life. Or at least until now.

Last weekend I jumped on the road bike I borrowed from a friend and went for 1 hour ride. Then the next day went for nice 2 hour hike with my family. Of course to complete my weekend I went for a 5 km run on the treadmill at the gym.

As I am now finding out ... change is painful! But I know if I continue to change my behavior my fitness level will improve and I should be ready to participate ... (I hope).