Our financial flashpoints, or intense emotional experiences relating to money, shape the money scripts – or patterns of thinking and acting – that we write for ourselves. And while each of us has flashpoints or experiences from childhood that shape our relationship with money, some of these experiences are more painful and traumatic than others. [...]
Financial Comfort Zone
Picture the neighborhood you lived in the longest. You probably got to know it pretty well. You knew where to get groceries. You knew the quickest way to get to the hospital emergency room. You knew the friendly neighbors and the not-so-friendly ones. You knew where the closest hardware store was. Drug store. [...]
The root of Scrooge’s miserly existence was an unhealthy belief system about money. In spite of his wealth, Scrooge’s beliefs about money—created, nurtured and anchored in his long-forgotten past—kept him poor in spirit. His loyal employee, Bob Cratchit, also had some unhealthy beliefs about money that contributed to his poverty. Like Scrooge and Cratchit, who [...]
Chapter 1: Information is not enough
The basics of financial health aren’t complicated, and they’re pretty much the same, no matter who you are or your level of wealth. They are even the same whether you’re talking about a person, a family, a company, or a country: Save now and invest for the future. Spend reasonable [...]
