Money Mammoth - Harness Power of Financial Psychology to Evolve Your Money Mindset,

A look at the psychological barriers to financial success and how to create a better financial future
 
When it comes to our relationship with money, we are in the Stone Age. Despite the relentless barrage of information and warnings from financial experts, the average American is in terrible financial shape. It turns out that human beings are just not wired to do the right things around money--such as saving and not overspending. That's why financial success is so difficult to attain. When it comes to our financial instincts, we are no more evolved than our ancestors who hunted the Woolly Mammoth 400,000 years ago.
 
Recent findings from the field of financial psychology could help the many Americans who know what they need to do but just can't seem to make it happen. If you fall into this category, consider Money Mammoth: Evolve Your Money Mindset and Avoid Financial Extinction.
 
This book looks at financial well-being from a psychological and evolutionary perspective. It reveals the obstacles that prevent people from taking their first critical steps towards financial wellness. It examines how our instincts and beliefs about money influence our financial behaviors. It explores money beliefs, how they develop, and how they drive our money behaviors
 
As the world's leading experts in financial psychology, authors Dr. Brad Klontz, Dr. Ed Horwitz, and Dr. Ted Klontz can help you:
* Discover how the experience of your ancestors are impacting your finances
* Understand how your friends, family members, and tribe may be holding you back
* Overcome mental roadblocks to wealth and success
* Harness the power of your emotional brain to transform your relationship with money
* Build confidence in your ability to take control of your financial future
 
In Money Mammoth, the authors reveal the secrets to harnessing the power of your psychology to reach your financial goals.

Sommario

About the Authors xiii
 
Foreword xvii
 
Introduction xxi
 
Part I Your Origins 1
 
Chapter 1 Your Ancestors 3
 
The Ancestor Room 4
 
So What's in Your Ancestry Room? 6
 
Why Aren't You Rich? 7
 
Death to Savers 8
 
Notes 10
 
Chapter 2 Your Parents 11
 
Your Parents 12
 
Become Your Own Anthropologist 13
 
When Money Helps 14
 
When Money Hurts 15
 
Financial Enmeshment 15
 
A Family Story of Financial Destruction 16
 
Parents Know Best? 19
 
The 2008 Housing Crisis 19
 
Notes 21
 
Chapter 3 Your Children 23
 
Can Money Make You Insane? 24
 
Were You a Spoiled Child? 25
 
The College Admissions Scandal 26
 
Money Is a Powerful Reinforcer 28
 
Humans Are Lazy 29
 
Financial Enabling and Financial Dependence 30
 
Cutting the Financial Umbilical Cord: Five Steps 31
 
Raising Financially Healthy Children 33
 
It's Not So Simple 34
 
A Big Heads-Up 35
 
Quick Start Tips for Healthy Financial Habits 35
 
Allowances 36
 
A Family Allowance 38
 
Talk About Money (But Not Too Much) 38
 
Notes 40
 
Chapter 4 Your Mate 43
 
Genetic Differences? 44
 
The Giver versus the Saver 44
 
Interdependence versus Independence 46
 
Booby Traps 50
 
Where from Here? 50
 
How Are You Doing with Money? 51
 
Finding the Right Kind of Help 52
 
The Conversation Intervention 52
 
Setting the Stage 53
 
Notes 55
 
Chapter 5 Your Tribe 57
 
Your Extended Family 57
 
The Hill 57
 
What Saves You May Kill You 58
 
Relative Deprivation 59
 
How Can We Keep Them Down on the Farm 59
 
What the Tribe Expects 60
 
The Modern-Day Tribe--Risk Sharing 61
 
Feeling at Home in Our Tribes 63
 
Your Tribes 64
 
Tribal Influence 65
 
Tribal Entitlement 66
 
How Tribes Handle Success 67
 
Professions as Tribes 69
 
Jim's Reality Meets Professional Reality 69
 
Kill Dr. Phil 70
 
When Should You Seek a New Tribe? 71
 
Using Tribal Expectations to Evolve 73
 
Alex Harnesses His Money Mammoth 74
 
Notes 75
 
Part II Your Adaptations 77
 
Chapter 6 Your Instincts 79
 
Martha and Her Instincts 84
 
Tom and His Instincts 84
 
Overcoming Mindsets 85
 
Our Money Mindsets 85
 
Our Financial Instincts Toward Savings 86
 
Our Anti-Hoarder Bias 87
 
The Give-Away 87
 
The Modern Savers 88
 
The Drive to Share Is Hardwired 89
 
Our Subconscious Co-Pilot 89
 
Behavioral Finance 90
 
Notes 98
 
Chapter 7 Your Environment 101
 
Demographic Community 102
 
School Size and Diversity 103
 
Community Job Environment 103
 
Jason's Story 104
 
Economic Timing 105
 
The Story of Rick and Carrie 106
 
The Belief Stew 108
 
The Anchor of Your Past 109
 
Your Chosen Environment 109
 
Who Takes Care of You? 110
 
Note 115
 
Chapter 8 Your Financial Flashpoints 117
 
Ancestral Flashpoints 117
 
Family Financial Flashpoints 119
 
Your Financial Flashpoints 120
 
Cultural Flashpoints 122
 
Filling in the Blanks 123
 
Coronavirus Flashpoint 124
 
Depression Flashpoint 125
 
Flashpoint Context and Growth 126

Info autore

BRAD KLONTZ, PSY.D, CFP, is a Certified Financial Planner and a financial psychologist who helps individuals and families understand their views about money. He is Associate Professor of Practice in Financial Psychology and Behavioral Finance at Creighton University's Heider College of Business. EDWARD HORWITZ, PHD, CFP, FBS, is a Certified Financial Planner and a Financial Behavioral Specialist with expertise in financial planning, risk management, and creating financial psychology solutions for organizations. He is an Associate Professor of Practice at Creighton University's Heider College of Business and holds the Mutual of Omaha Chair in Risk Management. TED KLONTZ, PHD, is Associate Professor of Practice in Financial Psychology and Behavioral Finance at Creighton University's Heider College of Business and a founder of the Financial Psychology Institute.

Riassunto

A look at the psychological barriers to financial success and how to create a better financial future

When it comes to our relationship with money, we are in the Stone Age. Despite the relentless barrage of information and warnings from financial experts, the average American is in terrible financial shape. It turns out that human beings are just not wired to do the right things around money--such as saving and not overspending. That's why financial success is so difficult to attain. When it comes to our financial instincts, we are no more evolved than our ancestors who hunted the Woolly Mammoth 400,000 years ago.

Recent findings from the field of financial psychology could help the many Americans who know what they need to do but just can't seem to make it happen. If you fall into this category, consider Money Mammoth: Evolve Your Money Mindset and Avoid Financial Extinction.

This book looks at financial well-being from a psychological and evolutionary perspective. It reveals the obstacles that prevent people from taking their first critical steps towards financial wellness. It examines how our instincts and beliefs about money influence our financial behaviors. It explores money beliefs, how they develop, and how they drive our money behaviors

As the world's leading experts in financial psychology, authors Dr. Brad Klontz, Dr. Ed Horwitz, and Dr. Ted Klontz can help you:
* Discover how the experience of your ancestors are impacting your finances
* Understand how your friends, family members, and tribe may be holding you back
* Overcome mental roadblocks to wealth and success
* Harness the power of your emotional brain to transform your relationship with money
* Build confidence in your ability to take control of your financial future

In Money Mammoth, the authors reveal the secrets to harnessing the power of your psychology to reach your financial goals.

Dettagli sul prodotto

• Autori: Edwar Horwitz, Edward Horwitz, Edward Klontz Horwitz, B Klontz, Bra Klontz, Brad Klontz, Brad Horwitz Klontz, Ted Klontz, Klontz Brad, Klontz Ted
• Editore: Wiley, John and Sons Ltd
• Lingue: Inglese
• Formato: Copertina rigida
• Pubblicazione: 31.08.2020
• EAN: 9781119636045
• ISBN: 978-1-119-63604-5
• Pagine: 288
• Categorie: Guide e manuali > Diritto, professione, finanze; Scienze sociali, diritto, economia > Economia > Economia aziendale; Private Finanzplanung, Finance & Investments, Finanz- u. Anlagewesen, Personal Finance / Financial Advising, Private Finanzen / Beratung