Book Review: Mind Over Money

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Fri, Jan 22 - 9:19 am EDT | 4 years ago by
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Do you have a financial disorder? What can you do to fix it? If you are concerned about your relationship with money, you can get a little help from Mind over Money: Overcoming the Money Disorders that Threaten Our Financial Health. This books is written by Brad Klontz (PSY.D.) and Ted Klontz (Ph.D.), and contains a wealth of insight into why we are the way we are when it comes to money.

44439025Mind over Money takes the reader through the problems that can develop with how we view money, and it explains what a money disorder is. The book divides different money disorders into three different categories:

  1. Money-Avoidance Disorders (excessive risk aversion, underspending, financial rejection and financial denial)
  2. Money-Worshiping Disorders (hoarding, unreasonably risk taking, workaholism, and overspending)
  3. Relational Money Disorders (financial infidelity, financial incest, financial enabling, and financial dependency)

Once you see what could be holding you back, the authors provide some help in overcoming the financial disorders that you might have, allowing you to transform your financial life.

As you read this book, it is important to be honest with yourself, and attempt to recognize the behaviors that you have, indicating a financial disorder. It’s an interesting read, and a fascinating way to look at finances.

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