Can money be addictive, and if so, is that really a bad thing? One might say that, like people who compulsively exercise, addiction to money has significant practical benefits. Keeping one’s focus on the bottom line and delaying gratification in order to create a more secure future is terrific…in balance. But are we always talking… Continue Reading Can Money Be Addictive, and If So, Is That a Bad Thing?
That trauma shows up in my office, among those who rationally know they have plenty, but are constantly driven by a sense of never having enough. By those who are miserable in their jobs but terrified at even manageable risk factors in pursuing, instead, work more satisfying to them and more helpful to the world. By those compulsively resist opening their ledgers, looking up their account balance, or in any way checking their goals against the realities of their current finances. When you’re raising a family, or closing in on retirement, that becomes a huge problem. Continue Reading Money Trauma: How Growing Up Without Effects Our Relationship With Money Now
What has this to do with you and your bank account? Plenty. Remember that exercise I had you do a couple of blogs ago? The one where you sat with actual currency, and noticed what thoughts and feelings came up. One of those beliefs may have been, if only I had more of this I… Continue Reading There is no Magic in Money (Pt. 2): Using “the Ladder” to Make Money Work for You
There is no magic in money. Regardless of whether you hold to the Secret, and the myriad ways of manifesting it, money intrinsically does not have magical capabilities. It can’t of itself cheat death, make the IRS disappear, or arouse love in others. It cannot even solve poverty, although intuitively, that seems to be what… Continue Reading There is no Magic in Money
Courtesy of Amy Berk, Financial Adviser, Ameriprise If you suddenly received a windfall, would you take a trip around the world? Buy a luxury car? Save it for retirement? Surprise! Your answer may be greatly influenced by your parents and grandparents. Experts say how we handle money and what it means to us has a lot… Continue Reading Learning — and unlearning — money lessons from childhood
Where did it all go so wrong? Money was supposed to keep the peace, not ruin it. When caveperson #1 wanted something from caveperson #2, s/he would look to trade. If #2 also wanted something from #1, all good! But what would happen if there weren’t a mutual wanting? Someone would get hurt, even killed;… Continue Reading Money: A Great Idea Gone Bad?