Social

Tag Archives | Money Scripts

Retirees’ Difficult Emotional Shift From Saving To Spending

Nearly 40 years of financial planning experience has taught me that retirement is one of the most impactful emotional transitions in life. As you face the shift from earning a paycheck to relying on sources other than work for your income, it is normal for difficult emotions and deeply buried money scripts to surface. Here […]

Continue Reading 0

Polarizing Money Beliefs

“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 […]

Continue Reading

How to Explore Your Relationship With Money

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 […]

Continue Reading

When Frugality Is Not a Virtue But a Risk

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 […]

Continue Reading

Snowflakes, Money Scripts, and the Cost of Living

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 […]

Continue Reading