The Psychology of Money Blog
Welcome to Dr. Lami’s Wealth Psychology Blog!
On this page you will find articles and information related to the psychology of money and wealth.
Dr. Lami Wins the Prestigious 2024 Award for Most Influential Financial & Mental Wellbeing Business Leader
Dr. Lami has been honored to receive the prestigious award "Most Influential Financial & Mental Wellbeing Business Leader 2024" by Acquisition...
Spears Best Family Business Advisers 2023
Dr Lami features in the 2023 list of Best Family Business Advisors in Spears. Listed as one of the top family business advisors and wealth...
The Mental Toll of Unprepared Estate Planning and How to Avoid It
Estate planning is not only a financial and legal responsibility; it also comes with a significant emotional and mental load. The idea of planning...
Cutting Costs and Reducing Stress: Estate Planning Simplified
Estate planning is often seen as a complicated, expensive, and stressful process. Many people avoid it because they feel overwhelmed by the...
How Pre-Planning Can Eliminate Legal Headaches and Keep You Calm
Estate planning often feels like a legal minefield—one misstep can lead to costly and time-consuming complications for your loved ones. From probate...
Estate Planning Without the Headaches: Effective Pre-Lawyer Strategies
Estate planning is often perceived as a daunting, headache-inducing process. The mere thought of gathering documents, making complex decisions about...
Estate Planning 101: Essential Basics Everyone Should Know
Estate planning is an essential process that everyone, regardless of wealth or family size, should undertake. It ensures that your wishes are...
Avoid Legal Headaches: Why Early Estate Planning Matters
Estate planning is often seen as something that can be put off until later in life. However, the reality is that early estate planning is crucial...
Save Time and Money: Estate Planning Preparation Before You See a Lawyer
Estate planning is a vital process, but one that often comes with significant legal fees if approached without preparation. Lawyers, though...
How Survivorship Life Insurance Policies Can Assist in Estate Planning
Survivorship life insurance, also known as second-to-die life insurance, is a unique type of policy designed to cover two individuals, typically a...
How to Avoid Costly Mistakes in Estate Planning
planning is a critical process that ensures your assets are distributed according to your wishes and your loved ones are protected after you're...
Avoid Common Estate Planning Mistakes
Estate planning is essential for securing your family’s financial future and ensuring that your assets are distributed according to your wishes....
UHNW Families and Individuals Maintain Financial and Emotional Wellbeing
Maintaining both financial and emotional well-being is a critical goal for ultra-high-net-worth (UHNW) families and individuals. The pressures and...
Parents’ Relationship with Money Will Impact Their Children
Parents play a crucial role in shaping their children's attitudes and behaviors towards money. The relationship that parents have with money can...