Jordan Peterson Finances and money advice, how Jordan Peterson views finances and money
If you Google search “Jordan Peterson finances and money“ you get a myriad of results on YouTube, all of which typically lead to one video, which shows the author, speaker, lecture, PhD and college professor Jordan Peterson talking about money, risk, finances, and of how there’s really no way out of risk, and that not taking a risk is also a risk. This is one of my favorite talks that I’ve seen from Dr. Jordan Peterson so far, and that he talks about a subject is very near and dear to my heart, which is money. Jordan Peterson walks through the psychological traits that typically tell whether or not a person will make money, among these are conscientiousness, and I Q, as well as the big five personality traits, which in compass conscientiousness, I Q, agreeableness, openness, and extroversion. In this interview lecture of his, Jordan Peterson also talks quite frequently about how if you’re low and conscientiousness and I Q, that you’re quite likely to be a financial train wreck, and then if you can’t get your personal life together then, as he says again you are likely to have problems financially. Aside from this, much of Jordan Peterson’s podcast centers around risk, and of how if you don’t play, essentially you can’t win. For more information on the Jordan Peterson Finance views, subscribe to our blog for daily posts, or comment with any questions and we’ll get back to you ASAP.
Among the major topics Jordan Peterson normally discusses, including money are:
The Big Five
the dominance hierarchy
being a clinical psychologist
He has mentioned money a fair bit of times however, and so this post will discuss money from the perspective of a behavioral psychologist, rather than a portfolio manager or accountant, like how it usually is maintained.
Who Is Jordan Peterson, and What Are The Jordan Peterson Finance Views?
Jordan Peterson discusses finance as a kind of risk management, cost benefit analysis, and talks about things like the lottery, how someone with no discipline is normally going to be a financial train wreck, talks about the psychology behind gambling addiction and risk, and of why people gamble “partly because its fun,” and that when you play the lottery, you’re really paying for the fun that’s associated with the anticipation of winning that reward. He also said that your limbic system, which is partially what manages risk and dopamine in the brain, isn’t very good at calculating odds, so it’ll just say “you have some chance,” of winning something like the lottery. It doesn’t matter if its 1 in 280,000,000, it just says some chance. Well in some ways, 1 is infinitely more than 0, but still, not something to typically be invested in. The video I’m talking about is attached below, I’m a big fan of this perspective on money, in that it is very rational and realistic, and while it doesn’t get into the nitty gritty details about portfolio management, and how you should invest based on interest rates, etc. he does discuss the most important thing in finance, and something that makes up about 80% of how much money you end up making, and that is BEHAVIOR.
Jordan Peterson’s Views on Behavior, Managing Money and Behavioral Finance
One other thing that I really like about Jordan Peterson is how he discusses the finances of the government and welfare, and of how, quote “you can’t just throw money down the hierarchy and expect that it’ll do good for the person or the economy.” He talks about some regular clients that he had in is psychology practice that were heavy alcoholics, and of how when they got their welfare check, they were done, they would blow all $300 on alcohol, and then they would be done for 3 days. He said it isn’t necessarily as simple or productive as just throwing money down the hierarchy and assuming that it’ll be used productively, and that it’s a real problem on our hands that we have with the wealth gap, but that, given the Pareto distribution, it is the only system we are likely to have for the foreseeable future. At the moment, some of Jordan Peterson’s behavior looks like it has gotten him into some trouble and that he is even having a stint with rehab, so I think in this situation it may be something of a “do as a I say not as I do” moment from here, but in giving him the benefit of the doubt here, his advice on behavior and money is good advice indeed, whether he was able to follow it exactly or not.
Final Thoughts on Jordan Peterson Finances, How Does Jordan Peterson Say You Should Handle Your Finances?
And those are my final thoughts on Jordan Peterson and his views on finance and money. If you enjoyed this blog post, be sure to subscribe to our blog for additional details and information, and to comment down below with any thoughts and opinions that you may have on the article, and we’ll get back to you within one business day with a response. I really like Jordan Peterson a lot, in that his views on risk and money are unorthodox, but they are very functional, real world and realistic, and are very useful for your own behavior surrounding money. Let us know your thoughts on the King, Jordan Peterson, below.
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