During the first quarter of 2019, I’ve decided to completely shift my attention to Behavioral Finance.
The only problem: I was flat out tired.
Because I’ve been doing this for almost a decade, I feel burned out, often stressed and pressured on the rigorous routine of marketing and prospecting for new clients. I am legitimately concerned that my work has already affected my creativity.
So I took a sabbatical and dedicated my time taking care of my 2-year-old daughter. The daily routine of feeding her, taking her to bath, cleaning up her toys, somehow helped quiet my mind from all the noise related to my job.
And in those peaceful moments, I felt at ease for the first time in a long time. Though distilled in my thoughts is that little voice telling me that I have to do things differently from now on. I had to do what I am good at and feel good at doing.
When you ask me that question, two things come to mind: I like to write. And I like to play games.
At some point of my sabbatical, I realized that writing and making games are my skills set necessary in teaching behavioral finance.
Focus on Behavioral Finance
My gut instinct has been pointing me toward behavioral finance for some time now. I can’t dispute the necessity of behavioral finance in building personal wealth. To me, our wealth is not pegged on the amount of money or investments we already have, but on our behavior and our mindset.
Your behavior and your Mindsets are the king and queen in this elaborate chess game of financial growth.
However, teaching behavioral finance is difficult to implement in financial education seminars. You have to compel your audience to unlearn a lot. For example, rational economic models dissolve under the reality that people are irrational. Quite often, people won’t make the right decision because they don’t feel like it. You will always find procrastination as the villain here.
Remember: mindset and behavior must be corrected first before any financial strategies come into play.
Not your average Behavioral Studies
I am now committed to bringing insights into behavioral finance through my blogs and seminars. These insights will be backed up by empirical evidence reflecting Filipino behavioral traits. Keep in touch with my blog or my Facebook page for new behavioral studies.
Game Design is my thing!
Because some studies are best delivered through games and because I am passionate about game design, why not combine the two. Without a doubt, this is the best part of my work because it’s been my hobby. My game development venture aims to make players aware of their behavior under certain circumstances, which may reflect their financial behavior…or not—either way, I’m making things fun for everyone.
Surveys that hook interest
Nothing beats good old surveys. Surely, I will expand my studies through other experimental methods. But for now, since I’m starting out, simple questionnaires and games may do.
I hope you can participate in my alternative financial education programs. You can check them out here or on my Facebook page.
Not-so-boring Seminars and Workshops
Results from my surveys will be presented to my seminars and workshops. The good thing about this venture is that you and I can play financial games.
The Business of Kindness
My overall objective is that my studies can lead to practical self-corrections on behavior, not just on money and investment, but on a wider scale. Improving our daily life is just about the mission of everyone. I’m no exception. I would just like to do my part.
What makes my mission on financial literacy quite unique is that I’m delving with human behavior, The nature of my approach is empathy. It is pegged on kindness, of understanding, of telling me people it’ll be okay, that it’s never too late to change.
And that, I believe, is how behavioral finance creates solutions.