Money Scripts: The Psychology of Wealth

Why do we sabotage ourselves when it comes to money? We know better, but we can’t do better. The psychology of wealth all comes down to our money scripts: our beliefs about money.

In this video I talk about money scripts: what they are, where they came from, and how they can keep us from reaching our goals.

Our financial psychology research has found that wealthy people have a very different money mindset than middle class and poorer people. In other words, the psychology of wealth is a major factor that separates the rich from the poor.

Specially, we found 4 patterns of money scripts: money avoidance, money worship, money status, and money vigilance - 3 of which are bad for your financial health. When left unchecked, these money scripts can lead to money disorders and financial self-sabotage.

In this video we give 3 tips for discovering and rewriting your money scripts.

Wishing you excellent financial health!

Dr. Brad Klontz
Your Financial Psychologist

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*** WANT TO LEARN MORE ABOUT FINANCIAL PSYCHOLOGY? ***
You can check out my books here:

Mind Over Money: Overcoming the Money Disorders That Threaten Our Financial Health: https://amzn.to/2qSsPCs

Wired For Wealth: Change the Money Mindsets That Keep You Trapped and Unleash Your Wealth Potential: https://amzn.to/2RWt7Ug

The Financial Wisdom of Ebenezer Scrooge: 7 Principles to Transform Your Relationship with Money: https://amzn.to/2Ka7oFG

Facilitating Financial Health: Tools for Financial Planners, Coaches, and Therapists: https://amzn.to/2PZIyhj

Financial Therapy: Theory, Research, and Practice: https://amzn.to/2RZ7UJg

*** DO YOU HAVE A MONEY DISORDER? ***
You can take the Klontz Money Behavior Inventory (KMBI) at no cost here: https://www.yourmentalwealth.com. After you complete the test, a report will be emailed to you, along with tips and suggestions.

*** LOOKING FOR EDUCATION IN FINANCIAL PSYCHOLOGY AND BEHAVIORAL FINANCE (Graduate Certificate or MBA)? ***
If you are interested in formal education in Financial Psychology and Behavioral Finance provided by both Dr. Brad Klontz and Dr. Ted Klontz, check out our 5-course curriculum offered through Creighton University Heider College of Business: https://business.creighton.edu/financialpsychology

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NOTE: The views and opinions expressed in these videos are those of Dr. Klontz only and do not necessarily reflect the views, policy, or position of Occidental Asset Management, its principals or employees, Creighton University, or any other company, agency, organization, or employer. All information is provided on an as-is basis. No representations are made as to accuracy, completeness, correctness, suitability, or validity of any information presented.

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