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Podcast: Think Enriched
Episode:

Your Money & the Hierarchy of Needs
Category: Kids & family
Duration: 00:10:28
Publish Date: 2015-11-23 14:46:24
Description:

Remember in college Psych class you learned about Maslow's Hierarchy of Needs?  

Basically, there were 5 levels when Maslow first defined it.  Now, they've added a few more for a total of 8 levels of needs to achieve self-actualization.  And, Maslow hypothesized, that only 2% of our society achieve this.  Where are you in the levels?

  1.  Biological/ Physiological Needs:  air, food, drink, shelter, warmth, sex, sleep.
  2. Safety Needs:  protection from the elements, security, order, law, stability, freedom from fear.
  3. Love/ Belongingness Needs:  friendship, intimacy, affection & love, from work group, family, friends, romantic relationships.
  4. Esteem Needs:  achievement, mastery, independence, status, dominance, prestige, self-respect, respect from others.
  5. Self-Actualization Needs:  realizing personal potential, self-fulfillment, seeking personal growth & peak experiences.

Now let me tell you my story.

Point is:

  • If your basic needs (level 1 & 2) are not being taken care of, personally or financially, you won't have the space in your mind to focus on building the bigger things in life.
  • By making your regular needs automated, personally and financially, you are able to free up that space to focus, create and build your wealth.

Resources mentioned in this episode:

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