I’ve been interviewed recently on Money Matters TV in a series of shows that deal with money, pscyhology, and the economy.
The result will be a DVD compilation of the interviews.
In this clip, Jim DiDio (CEO of Radnor Trust Company) and David Ebner (VP, Merrill Lynch) are asking about the impact of repeat exposure to dire news on consumers who are worried about their money.
During the conversation, I give advice that I discovered by accident on a vacation several years ago in Santa Monica, CA. I noticed, after a few days, that the newspaper I had requested hadn’t been delivered. I realized that one of the reasons I felt so good on vacation, aside from the amazing surroundings of the Sheraton Miramar Hotel, was that I wasn’t reading the “if it bleeds it leads” stories in the headlines.
Later, I heard the health physician Dr. Andrew Weil refer to this as a “news fast,” and I can tell you, it works!