Financial Well-Being and Its Psychological Correlates: The Role of Spiritual Intelligence and Future Time Perspective

Abstract

In an era of mounting financial pressures, financial well-being cannot be understood solely in economic terms but must also be viewed as a psychological experience shaped by individuals’ inner resources. This study investigated how spiritual intelligence and future time perspective predict financial well-being among university teachers in Rajasthan. A total of 180 participants aged 35–50 years were selected using a purposive sampling technique. Data were collected using the Spiritual Intelligence Self-Report Inventory (King, 2008), the Future Time Perspective Scale (Carstensen & Lang, 1996), and the Perceived Financial Well-Being Scale (Netemeyer et al., 2018). The findings revealed a significant positive relationship between spiritual intelligence and financial well-being (r = 0.482, p < .01). Similarly, future time perspective showed a significant positive relationship with financial well-being (r = 0.419, p < .01). Regression analysis further indicated that spiritual intelligence significantly predicted financial well-being (β = 0.360, p < .01), while future time perspective also emerged as a significant predictor (β = 0.212, p < .01). Together, spiritual intelligence and future time perspective accounted for 26% of the variance in financial well-being. These findings highlight the crucial role of psychological resources in shaping individuals’ financial well-being. By emphasizing the interplay between psychological and financial factors, the study underscores the importance of cultivating inner strengths alongside financial literacy to enhance both present financial security and long-term stability.