Money scripts are beliefs we have acquired about money and how it works. We are usually unaware of these beliefs, in part because we see them as facts—”just the way it is.” We typically hold 50 to 200 money scripts, which affect every financial decision we...
In a recent column, I discussed financial trauma—money-related occurrences that, either as single extreme events or chronic patterns, can overwhelm a person and become traumatic. Some emotional signs of financial trauma are depression, ambivalence, regularly reliving...
When you hear the word “trauma,” what comes to mind? The death of a loved one, severe injury or illness, a natural disaster, physical or sexual abuse, wartime combat? These are the things that I once thought of as trauma. What I’ve since learned is that...
I have exhibited tendencies toward pyromania most of my life. As a Boy Scout, my favorite activity was starting and stoking a campfire. As an adult, my best birthday gift ever was a flame thrower designed by my son which made quick work of a pile of pinecones and...
A lot of stock market experts are concerned that the market is overheated and ripe for a new bear market. One of those expecting a bear market is Shawn Williams of Motley Fool, in a May 8, 2021, post, “A case is mounting for a big drop in the stock...
I often say that understanding money and how it works is a 21st Century survival skill. This is not an exaggeration. What you don’t know about money—as well as what you think you do know about money—has the potential to literally kill you and those you love. A...
