Your Money and Freud’s Theory of Personality (Episode 59)

Updated: March 1, 2021

Listen to Episode 59:

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Episode 59 Chapters:

  • 01:15: Sigmund Freud
  • 01:58: The Id, Ego, and Superego
  • 05:54: Episode Break
  • 08:03: Taming the Id
  • 10:10: Teaching the Superego
  • 12:19: Training the Ego

Excerpts and Highlights:

The id represents your most basic instincts, including sex drive and your desire for food and other survival needs. This part of your personality is driven by the pleasure principle, so it encourages you to seek out rewards with no thought about consequences. Your id is what drives you to spend money on expensive restaurants, go to the spa, take luxury vacations, and anything else that makes you feel good.

The superego is your higher self. Its main desire is to do what’s best for you with respect to what it has learned to be moral and accepted in society. Indeed, that’s generally a good thing, but your superego can still occasionally lead you into committing poor financial decisions.

Learning the psychology of our mind can help us understand our behavior, habits, and why we do the things that we do. You can have more awareness of the conversations that you have in your mind, so you can be more intentional with your financial decisions, and be able to make better choices with your money.

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