Tag: Money Psychology

The Value Of Financial Therapy For Men In Power

Do billionaires need financial therapy? The very idea probably seems ludicrous. Why would someone with such immense wealth and power have issues around money? That question is one of the topics addressed in a new book, Financial Therapy for Men, edited by Dr. Prince...

What We Think We’d Do With $1 Million, and What We’d Probably Do

What would you do with a million-dollar windfall? This question was the topic of a survey in a March 28, 2023, article by Jessica Whitehouse in onlinegambling.com, “This is how Americans would spend $1,000,000 in lottery winnings.” Before I read past the headline, I...

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...

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...

Should You Save for an Emergency Fund?

For many Americans, one painful lesson of 2020 has been a first-hand demonstration of the importance of having an emergency fund. Yet knowing such a reserve matters is a far cry from creating one. According to BankRate, 72% of Americans don’t have an emergency fund...