{"id":7637,"date":"2014-07-17T08:22:50","date_gmt":"2014-07-17T13:22:50","guid":{"rendered":"http:\/\/www.elasticmind.ca\/innerpreneur\/?p=7637"},"modified":"2014-07-16T13:36:56","modified_gmt":"2014-07-16T18:36:56","slug":"emotion-money","status":"publish","type":"post","link":"https:\/\/www.elasticmind.ca\/innerpreneur\/index.php\/2014\/07\/17\/emotion-money\/","title":{"rendered":"The Emotion of Money"},"content":{"rendered":"<div class=\"ttr_start\"><\/div><p><a href=\"https:\/\/www.flickr.com\/photos\/doug88888\/3064351634\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-7639\" src=\"http:\/\/www.elasticmind.ca\/innerpreneur\/wp-content\/uploads\/2014\/07\/EmotionMoney.png\" alt=\"photo credit Doug Wheller\" width=\"640\" height=\"241\" srcset=\"https:\/\/www.elasticmind.ca\/innerpreneur\/wp-content\/uploads\/2014\/07\/EmotionMoney.png 640w, https:\/\/www.elasticmind.ca\/innerpreneur\/wp-content\/uploads\/2014\/07\/EmotionMoney-300x112.png 300w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><\/a><\/p>\n<p>I want to share this fantastic example of how much we are motivated by our emotions when it comes to money, and valuing things.<\/p>\n<div style=\"border-top: 1px #f5f5f5 solid; border-bottom: 1px #f5f5f5 solid; margin-top: 1em; margin-bottom:1.5em; padding:1.5em 1em;\">\nAsk yourself:<\/p>\n<h4>Is the value of the Empire State Building high because the value of rent is high, or vice versa, is the value of rent high because the building is highly valued?<\/h4>\n<p>What do you think?<\/p>\n<p>Does it change if I asked you to substitute <strong>WHAT<\/strong> you are valuing?<\/p>\n<h4>Is the value of a cow high because the value of calves and milk is high, or vice versa, is the value of milk and calves high because cows are highly valued?<\/h4>\n<p>In altering <strong>WHAT<\/strong> you are valuing, did your willingness to pay change?\n<\/div>\n<p>This analogy&#8217;s purpose is to highlight that <strong>your willingness to pay is fluid<\/strong>, and not set. How you value things and what you are willing to pay depends on <strong>how you feel<\/strong> about (yourself and) the thing you are valuing.<\/p>\n<p>Fascinating, isn&#8217;t it?<\/p>\n<p><em>photo credit: <a title=\"photo credit Doug Wheller\" href=\"https:\/\/www.flickr.com\/photos\/doug88888\/3064351634\" target=\"_blank\">Doug Wheller<\/a><\/em><\/p>\n<div class=\"ttr_end\"><\/div>","protected":false},"excerpt":{"rendered":"<p>I want to share this fantastic example of how much we are motivated by our emotions when it comes to money, and valuing things. Ask yourself: Is the value of the Empire State Building high because the value of rent is high, or vice versa, is the value of rent high because the building is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7639,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[20],"tags":[349,350,120,232],"class_list":["post-7637","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pay-what-its-worth","tag-emotions","tag-fluidity","tag-money","tag-value"],"_links":{"self":[{"href":"https:\/\/www.elasticmind.ca\/innerpreneur\/index.php\/wp-json\/wp\/v2\/posts\/7637","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.elasticmind.ca\/innerpreneur\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.elasticmind.ca\/innerpreneur\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.elasticmind.ca\/innerpreneur\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.elasticmind.ca\/innerpreneur\/index.php\/wp-json\/wp\/v2\/comments?post=7637"}],"version-history":[{"count":0,"href":"https:\/\/www.elasticmind.ca\/innerpreneur\/index.php\/wp-json\/wp\/v2\/posts\/7637\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.elasticmind.ca\/innerpreneur\/index.php\/wp-json\/wp\/v2\/media\/7639"}],"wp:attachment":[{"href":"https:\/\/www.elasticmind.ca\/innerpreneur\/index.php\/wp-json\/wp\/v2\/media?parent=7637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.elasticmind.ca\/innerpreneur\/index.php\/wp-json\/wp\/v2\/categories?post=7637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.elasticmind.ca\/innerpreneur\/index.php\/wp-json\/wp\/v2\/tags?post=7637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}