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...
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...
“Just think positive, and everything will turn out fine.” “Preparing for the worst just opens the door for bad things to happen.” “Oh, I’m sure it’s not that bad.” Statements like these are examples of financial denial. Denial—ignoring the reality of a situation in...
My CFP peers across the nation are probably tired of hearing me sing the praises of living in South Dakota. One of them recently emailed some disturbing news that put some sour notes in my “South Dakota is God’s Country” song. A recent national survey that ranked the...
There are Halls of Fame for musicians, athletes, volunteers, and high achievers in many other fields. My quick check on Wikipedia found over 250 of them. Yet nowhere did I find recognition for one group who richly deserves it. There is no Hall of Fame for single...
In researching financial dependence for last week’s column, I realized this money disorder shares similar characteristics with Dependent Personality Disorder as defined in the Diagnostic and Statistical Manual of Mental Disorders (DSM-5). If you think you may be...
