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.
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Bridging Generational Gaps: The Role of Wealth Psychology in Family Businesses
In the grand tapestry of human life, wealth—its accumulation, preservation, and most importantly, its transfer—has played a pivotal role in shaping...
Understanding the Psychology of Wealth: A New Frontier in Wealth Management
In the universe of wealth management, a novel star is steadily emerging - the Psychology of Wealth. Traditional wealth management primarily focuses...
Navigating Non-Financial Aspects: A Wealth Psychologist’s Perspective
As a wealth psychologist, my work transcends the numerical realm of spreadsheets and financial charts. It delves deeper into the complex labyrinth...
Raising Financially Savvy Kids: Dr. Lami’s Guide to Preparing the Next Generation for Wealth
Your child - grown and matured, confidently navigating the world of finance, making informed decisions about investments, understanding the value of...
Building a Legacy: The Psychology Behind Successful Wealth Transfer
Picture this: a grand family estate, a testament to years of hard work, prudent decisions, and savvy investments. Now, imagine the daunting task of...
The Psychology of Wealth and Materialism: Insights from a Wealth Psychologist
Dr Lami features in a recent online article with mrporter.com discussing the popular HBO series Succession and the insights we can gain from the...
How to deal with Stress Induced by Finances and Our Mental Health
Many people feel stressed due to money. In Canada two out of every five reported that their finances were their biggest concern. According to a...
Finance and wellbeing when dealing with the Coronavirus
With the continued spread of the Coronavirus putting our oldest and most vulnerable at risk and with more and more of the world’s economy being shut down because of the virus mental health and finance has been brought to the fore.
Many people feel concerned and experience anxiety due to Corona pandemic. This is not surprising. It touches upon our own survival instincts in the face of uncertainty.
How can you help your children during Corona pandemic?
During this time it is important to remember that parents should not implement rigid schedules or that routines need to be exactly the same, but rather, some regular routines should be created and maintained at each household. It is also vital to communicate with your children on a consistent basis with what is happening (age appropriate) and what they should expect. This will provide them with a sense of calm and constancy that may be valuable during this period.
How do you reduce stress during times of financial uncertainty?
How do you reduce stress during times of financial uncertainty? Many people feel the stress or experience anxiety due to Corona pandemic. Worrying...
Wealth Transfer and Family Conflicts
When it comes to being successful, everyone has unconscious internal obstacles. These obstacles fall into four categories: Practical, Emotional, Mental and Spiritual.
Many people feel concerned and experience anxiety due to Corona pandemic. This is not surprising. It touches upon our own survival instincts in the face of uncertainty.
