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Money Management

Couples With Income Inequality, Part 2

Last week I described three common dynamics in couples where one partner is much wealthier than the other. Those are the “Funder and Beneficiary” where the wealthy partner pays for everything, the “Proportional Spenders” who contribute based on their income, and the...

Reduce Your Risk For Life-Shattering Financial Crisis

Last week I addressed the gravity of the increased risk of suicide after experiencing a personal financial crisis. This underscores the seriousness with which we all need to approach making financial decisions, especially those involving high-risk speculative...

What Is True About Money

“What is true about money?” A flippant answer to this question might be something like, “That I ought to have more of it.” Going a little deeper, however, we can come up with a list of characteristics, truisms if you will, to describe what money is and is not. Some of...

Learning From Business Failures and Mistakes

How would you feel to learn your financial planner came close to bankruptcy five times in his life? Maybe I should have considered that question before I told the world about my business mistakes in an interview with Morey Stettner that was published July 18, 2022, in...

Vow of Simplicity Not Really So Simple

Last week we explored one type of money belief, an unconscious vow of poverty that can lead to self-sabotage and harmful behaviors around money. But what about those, like members of some religious orders, who consciously make vows of poverty? Does that also lead to...

Vow of Poverty Money Scripts

If you’ve ever lived in real poverty, struggling to meet your basic needs for food, shelter, and clothing, it’s almost certainly not a “lifestyle choice” you would voluntarily opt to return to. If you were to ask people who are living in poverty whether they would...