A recent study looked at the way that judges grant parole to prisoners and the factors impacting these decisions.

What the study found was that when faced with prisoners doing time for the same crime judges were more likely to rule in favour of parole in the morning.

In the morning judges ruled in favor of parole 70% of the time, but as the day wore on, the favourable ruling dropped to zero.

5 Important Personal Finance Questions to Ask Yourself

I'm currently in the process of planning my 2015 , which has required me to ask myself some important personal finance questions:

 

1. WHAT'S THE COST OF CONTINUING WITH YOUR CURRENT FINANCIAL BEHAVIOR?

 

2. WHAT DO YOU WANT YOUR LIFE TO LOOK LIKE 5 YEARS FROM NOW?

 

The first question helps us understand the impact of our current financial behavior on our future.

This question helps us get clear on the life that we want to create. Write this vision down and start taking action to make it a reality.

Abundance and money management is a mind-set.

It’s easier to see opportunities and take advantage of these opportunities if we believe in ourselves and our own abilities or if we believe in an abundant universe with unlimited resources.

Changing the way we feel and think about money changes the way we behave with money, which in turn changes our financial behavior.

Changing our financial behavior – increasing savings and investing is what leads to wealth creation and abundance.