Self-Worth and Net Worth: Status Money Scripts

For the third in this series of columns on money script categories, let’s look at Money Status. This differs from the Money Worship category in having its focus on social acceptance. People in this category generally equate net worth with their self-worth. They...

Wishing For The Midas Touch? Exploring Money Worship

In the second of this four-part series on money scripts, let’s explore the category that Dr. Brad Klontz calls Money Worship. Unless you have always envied the mythical “golden touch” of King Midas, you may be quick to dismiss the possibility of...

Money Script Categories: Money Avoidance

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...

How Healthy Life Habits Can Save You Money

Is maintaining good physical health a worthwhile investment? The statistics suggest that in the long run, poor health will cost far more than the money or time it takes to maintain good health. Most of us might say we agree with this conclusion, but our behaviors say...

Recovery From Financial Trauma

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...

The Financial Freedom of Owning Less

“Money is freedom.” This popular money script contains considerable truth. Having money can provide a lot of options and flexibility that are not possible without money. However, since all money scripts are partial truths, money doesn’t always bring...