Topic > The Mind Over Money by Brad and Ted Klontz: Overcoming the...

I chose to do my book review on "The Mind Over Money: Overcoming the Financial Disorders That Threaten Our Financial Health" by Brad and Ted Klontz because I have observed: and participated in bad financial decisions that have greatly impacted my family for decades. I have taken many personal steps to try to break the cycle of destruction that ended my parents' marriage and to raise my children in a debt-free environment. Unfortunately, it was not an easy task. I have read many financial self-help books and attended seminars on the topic. This book caught my attention when it stated that simply learning to plan and pay off debt is not enough, that we must first understand our psychological relationship with money and then move beyond the financial constraints we place on ourselves. For years I have struggled with debt and money management. I always thought it was my lack of education that kept me from moving forward. Reading this book opened our eyes. Part One: The Big Lie Chapter 1: Information Is Not Enough The authors, Brad and Ted Klontz, demonstrate that money is identified as a major source of stress in our lives. “In a modern, industrialized society, money is one of the few things that touches and impacts each of our needs.” Money is not only essential for satisfying our basic needs, but is also closely linked to emotional needs such as success, love, acceptance, security, attention, and the two are often inseparable. Using the image of a tilted table with three legs, the authors make us visualize a situation in which one leg is shorter than the other two, causing the table to tilt. We can make a quick fix by placing something under the shorter leg. When we experience emotions like... middle of paper... My financial difficulties are a result of my actions, but I can also see how I was influenced as a child to lead me in that direction. Chapter 10: Financial Therapy Thanks to recent studies showing that our rational brain can actually regenerate cells and form new associations and connections throughout life, old patterns of thinking and reacting can be modified, or unlearned, once we are able to identify them adequately. To help support the shift toward healthier financial behaviors, the authors suggest techniques for identifying and rewriting unwanted money habits. They suggest those struggling financially seek out “social support, encouragement, feedback, accountability to others, professional facilitation and advice,” as well as identifying their emotions and tuning into what their body is telling them and practicing. abdominal breathing and mindful meditation.