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A self-fulfilling prophecy essentially is that what you have convinced yourself is going to happen in your life is more likely going to happen. This notion applied not just to finances but to relationships, a job, attending school, etc. If you believe you aren't good enough to have a warm, close, intimate relationship you will subconsciously do things that ruin relationships. Same is true with finances. If you truly don't believe you deserve to have a stable financial life or that having lots of money is wrong you are more likely to make decisions that will sabotage making or saving money. You may whine and complain about not have enough money but your subconscious belief system overrides what you say you want.

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Q: What is financial self fulfilling prophecy?
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AnswerMany people often assume that a prophecy or prediction will inevitable come true, making it self-fulfilling, as their own actions cause the very outcome that was prophesied. So, if someone tells a student that he or she is going to fail an exam, and the student gloomily accepts that prediction, then it becomes a self-fulfilling prophecy as a result of a failure of effort.


Who developed the self fulfilling prophecy theory?

The self-fulfilling prophecy theory was developed by sociologist Robert K. Merton in 1948. He described how beliefs or predictions about a future event can influence behavior in a way that ultimately makes the prediction come true.


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Self-fulfilling prophecy


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