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Money Psychology

Toxic Positivity Can Harm You Financially

Positive thinking about money can be beneficial. It can also be harmful if it leads us to suppress our emotions or avoid financial realities. This dark side of being positive is described in a Psychotherapy Today article referencing a book titled Toxic Positivity by...

Are We In a Recession? Look to Trustworthy Data for the Answer

When it comes to the economy, the idea of “fake news” is nothing new. We’ve often had a segment of the population believing the US government is intentionally lying. In the early 2000’s, economist Paul Krugman used the term “inflation truthers” to describe...

How Money Scripts Affect Funeral Planning

The unconscious beliefs we hold around money affect our financial choices throughout our lives—and even beyond. Our money scripts have an impact on the way we think about final expenses for our loved ones and ourselves. I was reminded of this as I read about a recent...

The Emotional Cost of Bankruptcy and Insolvency

Personal bankruptcy is not a topic that is relevant to most of us—until it is. The number of  people filing for bankruptcy over the last 20 years ranges from a low of 374,000 in 2022 to over 2,000,000 in 2005. The top reasons that cause people to declare bankruptcy...

Believing You Don’t Deserve Money

“I don’t deserve money,” is one of the ten most common money scripts. Holding this belief has very little to do with whether society, friends, or family view you as deserving.  Few people would argue that we all deserve the support money can give us to have nutritious...

Is Gold The Answer? First, What Is The Question?

I’ve noticed recently that news and commentary programs are being inundated by ads with dire warnings of the imminent collapse of the US economy and the dollar. “Are you worried about the value of the dollar? Protect your wealth and safeguard your financial...