What is a psychological wallet? In Bo Sanchez's book 8 Secrets of the Truly Richpsychological wallet was mentioned. Every person has this imaginary wallet. And each person knows how much money can only fit in that wallet thus in times of prosperity or when they made a jackpot in their business, or they got a bonus, or a promotion, the tendency is for them to spend the excess because they cannot fit it to their wallet. Thus when an employee got an increase or bonus she or he plans where or what will he spend it for. Probably a treat at a pricey resto with friends, a Louis Vuitton bag, a vacation trip in Bangkok or in Boracay, or any thing as long as such excess money is spend and not tuck in their wallets.
Saturday, October 16, 2010
Entry from Louis: PROSPERITY CONSCIOUSNESS AND PSYCHOLOGICAL WALLET
This is an excerpt from Louis Delos Angeles entry for the October Blogger Campaign: