“Money is meant to be spent!” “Money is meant to be saved!” We may not hear talk-show participants shouting these opposing views at each other with the same level of anger that characterizes some of our political rhetoric. Yet the core polarization that pervades so much of today’s society also shows up in people’s beliefs […]
Tag Archives | Money Scripts
Most of us would probably agree that money skills are 21st Century survival skills. Yet, even with all the importance we put on money, most of us know darn little about what we personally believe about money and the relationship we have with it. One reason for this avoidance is simply not knowing where or […]
Frugality is a valuable financial habit. It’s the number-one common denominator among people I know who are wealth builders. This makes sense, since no matter how much you make or what you may invest in, you’ve got to be able to live on less than you make in order to have money to invest. In […]
Suppose you earn $45,000 at a job in Rapid City, SD, and you learn that someone doing the same job in Redwood City, CA, earns $60,000. Your instant conclusion is likely to be that they enjoy a higher standard of living than you do. That assumption would be a money script. It is neither completely […]
If you watch TV shows that flash luxury products and feature rags-to-riches stories or the lives of the rich and famous, will you become more materialistic and cold-hearted toward the poor? You might, according to an August 1 story by Sarah Knapton in The Telegraph.