Money and Fear Can Be an Awkward Pair

By | October 3, 2016
Having enough money to manage one’s affairs is one of the basic goals for all humans. Some have more than enough, in contrast to those who struggle to get by or require some form of governmental assistance. However, even when some people have enough money available, they adopt a penurious approach to spending it.

The basis for those individuals’ feelings can be the result of having grown up in a family where funds were often short. Psychoanalyst Patrick Mahony notes that some people who grew up during the Depression of the 1930’s went on to adopt that philosophy. That was due to the fear of having to re-live those days if their money was spent in any large fashion.

Even those who were born long after that period have the same approach, which, in reality, does spare them such a fate. However, it also prevents them from advancing economically, one borne out by those reluctant to invest in the stock market after the economic collapse of 2008. Those that kept or put their money back in at its lowest point saw massive gains over the next eight years.

The concept of “paralysis by analysis” is based on the belief that examining every possible angle offers an overwhelming number of potential outcomes. As a result, an inability to focus on the validity of any sort of financial investment causes the individual to procrastinate incessantly.

Patrick Mahony has seen these individuals relegate themselves to being content to simply existing. Such life decisions tend to fly in the face of the belief that people should always try to better themselves.

Detecting this type of personality doesn’t necessarily have to focus on money. Those with a tendency to hoard items, especially food, are more than likely to fit this particular profile.