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Mind over Money: Overcoming the Money Disorders That Threaten Our Financial Health [Hardcover]

Brad Klontz , Ted Klontz
4.6 out of 5 stars  See all reviews (18 customer reviews)


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Book Description

December 29, 2009
Do you overspend? Undersave? Keep secrets about money from a spouse or family member? Are you anxious about dealing with your finances? If so, you are not alone. Let's face it–just about all of have complicated, if not downright dysfunctional, relationships with money.

As Drs. Brad and Ted Klontz, a father and son team of pioneers in the emerging field of financial psychology explain, our disordered relationships with money aren’t our fault. They don’t stem from a lack of knowledge or a failure of will. Instead, they are a product of subconscious beliefs and thought patterns, rooted in our childhoods, that are so deeply ingrained in us, they shape the way we deal with money our entire adult lives. But we are not powerless. By looking deep into ourselves and our pasts, we can learn to recognize these negative and self-defeating patterns of thinking, and replace them with better, healthier ones.

Drawing on their decades of experience helping patients resolve their troubling issues with money, the Klontzes and describe the twelve most common “money disorders” - like financial infidelity, money avoidance, compulsive shopping, financial enabling, and more — and explain how we can learn to identify them, understand their root causes, and ultimately overcome them.

So whether you want to learn how to make better financial decision, have more open communication with your spouse or kids about the family finances, or simply be better equipped to deal with the challenges of these tough economic times, this book will help you repair your dysfunctional relationship with money and live a healthier financial life.


Editorial Reviews

From Publishers Weekly

The father and son Klontz duo (coauthors of Wired for Wealth) combine psychology, self-help, financial know-how and practical advice in this study of how money affects us emotionally and psychologically. The authors start with “flashpoints,” seminal incidents that build “money scripts,” the beliefs that “shape the way we think about and interact with money as adults.” Revealing exercises prompt readers to identify their personal money scripts and patterned behaviors—often provoking the discovery of money “disorders,” and a host of powerful memories and early experiences responsible for extravagance or financial irresponsibility. The process is complex but important; the authors reveal how powerfully emotions and childhood experiences influence our financial health and attitudes toward money. A companion Web site offers a “Financial Health Scale,” which provides tangible support for readers looking to get on track and begin implementing the book's lessons. (Dec.)
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.

Review

"Mind Over Money is a lifeline for anyone who thinks of money as a way to secure happiness, love, or define their self-worth.  I know because I was driven by these unhealthy behaviors that almost put my family and me in financial crisis.  The process this book walks you through worked for me-- I now control my money-- my money no longer controls me.  My hope is that after reading the book, you'll be on your new path to financial healing too."
-Wynonna Judd
 
 
"The Klontzes, a father son team, have the mental answer to money.  This book will help you overcome your own "wrong thinking" and get moving fast in the right direction to the financial destiny and freedom that you deserve." 
 -David Bach, #1 New York Times bestselling author of The Automatic Millionaire and Start Late, Finish Rich
 
 
"An insightful and highly understandable glimpse into why intimate discussions surrounding money are so difficult for so many people.  Our past definitely influences the present and our future – far more than many might realize." 
-Pat DeLeon, former President, American Psychological Association
 
"Mind Over Money is a valuable resource for individuals wanting to break free from a troubled financial past and create a healthy current relationship with money that can create future financial success. It is Must reading on everyone's Now list." 
-Philip Zimbardo, Ph.D., Professor Emeritus of Psychology, Stanford University, author of the Lucifer Effect and The Time Paradox 
 
"Brad and Ted Klontz know the power of the dollar in our lives, and they've long studied the emotions behind our financial decisions. Through their research and this compelling book, they can change lives."
-Jeffrey Zaslow, coauthor of The Last Lecture, author of The Girls from Ames
 

Product Details

  • Hardcover: 320 pages
  • Publisher: Crown Business; 1 edition (December 29, 2009)
  • Language: English
  • ISBN-10: 038553101X
  • ISBN-13: 978-0385531016
  • Product Dimensions: 5.8 x 1.1 x 8.6 inches
  • Shipping Weight: 1 pounds
  • Average Customer Review: 4.6 out of 5 stars  See all reviews (18 customer reviews)
  • Amazon Best Sellers Rank: #311,882 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews
9 of 9 people found the following review helpful
5.0 out of 5 stars Finally someone has figured it out! January 27, 2010
Format:Hardcover
For the curiously-minded who want to understand the root of your behaviors, this is the book that explains so much. Considering money literally touches everything in our lives, it helped me to understand so much more about myself than just my "number" I carry around in my head that I think I need to feel safe and secure for the long-term. It helped me recognize family money scripts, what happened when my family moved out of their parents' "financial comfort zone", and why I struggle to let my own entrepreneurial spirit loose. Highly recommend.
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6 of 6 people found the following review helpful
5.0 out of 5 stars A Must Read June 14, 2010
Format:Hardcover
This book goes beyond the dollars and cents of money and identifies the true causes of chronic financial problems. Rather than just define the problem and give the typical advice to save more and spend less, the authors include some exercises that they use in their counseling program. I walked away with some insights into the ways I sabotage myself, and I will never look at money in the same way. The authors, a father and son team of psychologists, are refreshingly honest about their own money mistakes, how money was mishandled in their family, and how they turned their financial lives around. There is also a "Money Disorder" test you can access for free using a special code in the back of the book. I found this test particularly informative and helpful. I highly recommend this book.
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6 of 7 people found the following review helpful
3.0 out of 5 stars Confession of a Budget Buster February 24, 2010
Format:Hardcover
When you deal with depression, many other issues come into play. For me a major one is money. I have to watch myself (and sometimes so do others) for financial infidelity. Or in layman's terms "feelgood" spending. You know where you buy things you just don't need to fill that hole inside.

Now I am lucky that I do not do this in large ways. Like buying big ticket items. But I can still lie about what I spend by just not telling. And being that I am the budget maker and bill payer then that is not always the best thing.

Well, I have a lil help now. "Mind Over Money:Overcoming the Money Disorders that Threaten Our Financial Health" has been written by a father and son team of financial psychologist. They have put down in easy to understand terms just what we do to hurt ourselves. The dangers and pitfalls that are in a disorder when dealing with money. And they also help in how to overcome those issues. What I really like is that this does not tell me how to manage my money. Instead it helps me learn about my relationship with money. How I use it or abuse it to fulfill other needs. And in turning that around I am releasing some of the mounting stress I feel. Of course, that helps my depression lift too! So it is a win win situation for me.
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6 of 7 people found the following review helpful
5.0 out of 5 stars Thank God for this book! January 7, 2010
Format:Hardcover
Mind Over Money is a refreshing breath of fresh air in the world of books about money and self-improvement. For the first time, I feel like a book has helped me understand the ROOT CAUSES of my issues with money. I already feel like this book has helped both my business and my marriage (which has business aspects to it), and will continue to going forward. I liked these guys' last book, but this one was better.
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2 of 2 people found the following review helpful
5.0 out of 5 stars It's Really Not About How Much You Have April 5, 2011
Format:Hardcover
Having read "The Financial Wisdom of Ebenezer Scrooge," I was inspired to know more about what Brad Klontz and Ted Klontz have to say on my and other people's subconscious thoughts around money.

While these authors version of the Ebenezer Scrooge book has a strong use of metaphors that place readers fully in their own heart and mind, "Mind Over Matter" has a heck of a lot more.

This book has great examples supporting every message that the authors share. It also includes the rich, poor, and in between.

Many people who haven't read anything or very little on personal finance argue that they don't like those other financial books because they don't relate to their history, needs, limitations and interests.

This is not the case with "Mind Over Money."

This book takes readers on a journey that after reading this book will continue, as they, the readers, explore subconscious decisions that they made during their childhood, which may or may not be serving them well in their lives now.

I especially appreciate the exercises presented in this book. A modification of one, which I really almost ignored doing is below:
Apple Tree

1. Visualize your mom
a. What are 3 adjectives that describe her behaviors
around money?

b. What 3 things did she say about money and how money works?

c. What beliefs did she have about money,and how did she demonstrate these beliefs?

2. Visualize your dad
a. What are 3 adjectives that describe his behaviors
around money?

b. What 3 things did he say about money and how money works?

c. What beliefs did he have about money,and how did she demonstrate these beliefs?

3.
... Read more ›
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2 of 2 people found the following review helpful
Format:Hardcover
I'm on a mission to learn as much as I can about "the psychology of money." It's a tough quest because so many books are about investing, budgeting, planning, growing, or otherwise "doing stuff" with money. This book is about your relationship with money itself. I found the stories fascinating, tragic, and powerful and appreciate the authors are psychologists and financial planners who have worked with many people around their "issues" of financial and emotional health.

I really like the idea of "money scripts" and how they are rooted from our past. The book helped me see that I actually had a pretty easy relationship with money until early in my marriage when we had two massive career changes. I'm still stuck in my old money scripts (when I had safety, security, and ease with having and spending money) even though my current life is one of major upheaval and living on a shoe-string budget as we reinvent ourselves and live happier lives on less income.

This book normalizes that we all have very complicated relationships with money and helps you add a NEW voice to your "ooh, I need/want/must have" voice when you are in your trigger moment. Now I can laugh and plan ahead appreciating when I will be triggered by irrational thoughts and not let them get the best of me. And perhaps most important, I am now even MORE aware of the messages we're sending our very young kids as they create their money scripts.
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Most Recent Customer Reviews
5.0 out of 5 stars Bless you!
If you like "road less travelled" you will love this book. Thoughtful examples of the nature of the money beast.
Published 19 days ago by Brenda
3.0 out of 5 stars Good ideas
Good ideas to follow to implement change in one's financial system. Still reading so not sure what I will do with the knowledge.
Published 1 month ago by Nanny Lo
5.0 out of 5 stars A Great Read
A very good book if you are struggling with financial issues that you just can not seem to resolve. It gets down to our deep seated roots of money beliefs.
Published 1 month ago by Deedee
5.0 out of 5 stars Money Disorders Disable Good Intentions
There is strong anecdotal evidence that financial success is linked more to behavior than income. We see this all the time in our office; people with high income and low net worth,... Read more
Published 17 months ago by Dan Danford
5.0 out of 5 stars Treatment for money disorders...
This is an excellent book based on the authors' clinically proven approach to treating money disorders. Read more
Published 22 months ago by Philip Morgan
5.0 out of 5 stars Good theory that explains behavior
I use this book in my practice and in some of my talks as a way to help people understand how their childhood beliefs are formed and carry forth in their adult behaviors. Read more
Published 23 months ago by Mary G. Gresham
2.0 out of 5 stars too technical
it was too technical. I was hoping to gain some peace within myself over my thoughts about money but I didn't fit any of their examples so they just talked about things I already... Read more
Published on May 4, 2011 by evan lee
5.0 out of 5 stars fixing your money issues
This is one of the best books on money issues in the world today!! I've read a lot of books on the topic of money,and all that reading seemed to be a wast of time, until I read... Read more
Published on June 11, 2010 by Anne T. Armstrong
5.0 out of 5 stars "Mind Over Money" is a Psychologically Sound Proposition
The psychologically propositions presented in Mind Over Money are both practical and sound both for the individual and the Nation. Read more
Published on June 11, 2010 by James E. Turner
5.0 out of 5 stars highly recommend
This is an excellent book about why people engage in self-destructive financial behaviors and what to do about it. Read more
Published on May 24, 2010 by Serena
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