We all have our guilty viewing pleasures. Mine tend to be videos of people exploring abandoned places, extreme cake decorating, and trashy sitcoms. But when does one person’s guilty pleasure cross the line into another’s exploitation? Especially when it comes to matters of poverty, and so-called ‘poverty porn’?
Over the past few months, a few things have prompted me to consider to what extent money plays a role in success. We often think of money as a result of success, but could it be a prerequisite? That is: might you need money in order to obtain success?
Money not only affects the media, but the media can influence our money decisions. Journalists use words such as ‘crisis’ or ‘storm’ to create emotion. This is true of blogs too, with tools like CoSchedule’s headline analyzer encouraging bloggers to use uncommon, powerful, emotional words. (You may be interested to know that analysing the headline for this post, the word ‘money’ counted as an ’emotional’ word).
But how does this influence occur, and what can we do about it? Some more of the presentations at the Money Talks? conference elaborated on this theme. Continue reading “How does the media affect your money decisions?”
Piles of unopened bills. A wallet full of receipts and ATM statements. More accounts than you can remember the balances of. Cards you can’t remember the PINs to. Waking up in the middle of the night, heart pounding, thinking of your pension plan, tax return, or credit card statement. Sound familiar?
Certain words – like ‘bank’ and ‘statement’ – can grip us with anxiety. So much so, that Cambridge University researchers have declared ‘financial phobia‘ a bona fide psychological condition, affecting as many as 9 million people in Britain – mostly women and young people.