Counting MONEY increases confidence!

Accord­ing to a new study pub­lished in the jour­nal Psy­cho­log­i­cal Sci­ence, just count­ing money can pro­duce valu­able psy­cho­log­i­cal ben­e­fits. It men­tions that count­ing your cash can reduce emo­tional and phys­i­cal pain as well as increase feel­ings of inter­nal strength, fear­less­ness and con­fi­dence. But on the other hand, when peo­ple are reminded of their recent spend­ing, they report higher lev­els of both psy­cho­log­i­cal and phys­i­cal distress.

The study’s authors, Xinyue Zhou of Sun Yat-Sen Uni­ver­sity, Kath­leen Vohs of the Uni­ver­sity of Min­nesota and Roy Baumeis­ter of Florida State Uni­ver­sity, started with a sim­ple hypoth­e­sis: reminders of money can alter how peo­ple expe­ri­ence social inter­ac­tions — espe­cially social accep­tance and rejection.

So they did some tests on some peo­ple… and they came with results that show that those who had counted money before being socially excluded shows lower lev­els of social dis­tress than those who had counted only paper. Also, those who had counted money also reported greater feel­ings of inner strength and self-sufficiency..

To test  if count­ing money also reduces phys­i­cal pain, They did more tests in which half the par­tic­i­pants were put in a moderate-pain con­di­tion (their hands were immersed in warm water), while the other half were sub­jected to a high-pain con­di­tion (hands were immersed in very hot water)… And the result was.… again, those who had counted money reported lower lev­els of pain.

So.. whats the con­clu­sion?? The researchers offer a pos­si­ble solu­tion for land­ing a new job. “It might be handy to sit down and count a stack of money before going out to the job inter­view,” and.… while money can’t buy love, count­ing it could help you find that spe­cial per­son. “Maybe young men who are going out to bars to try to meet women should count money,”

Hmmm… Even with­out research.. I would bet on it to be true.. that count­ing YOUR own money (if in more than suf­fi­cient amount) would increase YOUR con­fi­dence.. Im not sure about count­ing other people’s money… but for this case.. lets just stick to count­ing what we own.. and think­ing that there’s more from where it came from.. hahaha..

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Tagged as: Confidence, Counting, Emotion, Fearlesness, Interaction, Money, Pain, Physical, Psychological, Social, Spending, Strength