5 of 5 people found the following review helpful:
5.0 out of 5 stars
Money Therapy, May 4, 2003
This review is from: Money Therapy: Using the Eight Money Types to Create Wealth and Prosperity (Hardcover)
Most people have a love/hate relationship with money. Most people also don't have as much money as they think they should have or need; and those who have lots of money often find that they're still not happy. Deborah L. Price addresses these problems in her latest book, Money Therapy.
Price is a licensed investment advisor and stockbroker. She is now a money coach consultant. She has condensed her more than fifteen years experience into a process called money therapy.
She explains that we are not meant to spend our lives shopping and working to pay off debt. The purpose of her book, she says, is "to help you remember the purpose of your life: the original purpose." Money is only one of the many tools available for achieving that purpose.
Price advises people to start building the life they want before they have money. Too many people waste their lives waiting for money to come first, and are still unhappy if it does come. She details how to build a strong foundation based on what you truly want from life, and then how to manifest the money needed to achieve your goals.
Over the years, she's observed eight "money types," based on how people feel about money. These are the innocent, victim, warrior, martyr, fool, creator/artist, tyrant, and the money magician. The money types are meant to be a "guide to discovering the impact of your past experiences with money and to changing your approach in the future." Price describes the weaknesses and strengths of each, and explains how people can turn themselves into money magicians who have all that they need and the ability to enjoy it. She's included a simple quiz to help readers determine which type they are.
She emphasizes throughout the book that the only real value that money has is the value we give to it. Money itself is just pieces of paper. We forget this, and attribute power to money. This leads feeling out of control and making financial choices based on fear.
Price has filled Money Therapy with advice on how to overcome negative and fearful feelings about money. She provides "practical steps toward acknowledging the hold of money on our minds and emotions and then using those insights to create not only a better relationship to money but also the wealth and prosperity we desire."
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6 of 7 people found the following review helpful:
4.0 out of 5 stars
Create a Spiritual Balance Between Self-Worth and Net Worth, October 29, 2000
This review is from: Money Therapy: Using the Eight Money Types to Create Wealth and Prosperity (Hardcover)
In this intriguing book, a "money coach" and investment advisor looks at improving your financial approaches by strengthening you spiritually. The book focuses on attitudes towards money, abundance, and lack. If you are looking for a book about managing money, you will find little information to help you here. If you want to overcome bad habits that affect how you think about money, you may get some new insights. You will need a partner (spouse, friends, or advisor) to get the most out of this book.
"A consciousness of abundance can become a self-fulfilling prophecy . . . ." The purpose of this book is "to help individuals reconstruct their financial lives through the perspective of their spiritual development."
The book is filled with similar ringing phrases that you will, if you are like me, find inspiring. Here are a few more. "Money will own us if we let it." "I happen to like money, I'm just not attached to it." "People with money often feel guilty and undeserving." "Money seems to represent the ultimate taboo!" "Consumerism is the addiction of our time . . . ."
The book's basic point is that money should be a means to a spiritual end of having a fulfilling life, not an object that we subvert our lives to.
The core of the book comes in describing 8 psychological types:
The Innocent (sticks head in the sand like an ostrich)
The Victim (blames external factors for money issues)
The Warrior (successful and makes own decisions)
The Martyr (does more for others than for oneself)
The Fool (gambles on short-cuts)
The Creator/Artist (focused on the spiritual or artistic path, and doesn't want to have to deal with money)
The Tyrant (hoards money and uses it to manipulate others)
The Magician (the ideal money type).
There are extensive profiles of these types, and you are given exercises to identify what type you are. In fact, I should mention that each chapter has valuable exercises at the end for knowing yourself better. But to get the most out of these exercises, my suggestion is that someone needs to discuss them with you. If you are like most people, you will not feel comfortable discussing your answers. Please do so anyway.
My reaction to the book was that it didn't seem to work very well for me. I found myself a little in 5 different categories, which made me wonder about the categories. Then, I wasn't sure what I needed to change or exactly how to change it. So, I felt like I was trying to do therapy without a therapist. I suspect this process works much better with Ms. Price to help you in person.
I then thought more about the types she describes, and imagined people I have known and advised about money. They, too, did not neatly fall into the categories. I suggest that Ms. Price would get better results if she abandoned her types and simply helped people identify where they are at variance with the ideal, along with suggestions for what works to overcome each type of variance.
The book is worth buying and using for the exercises, if you think you have psychological problems about how you handle money. It is even more valuable if you want to create a better money focus balance in your life, using money more as a means rather than as an end.
If you are looking for a good basic book about investing, I suggest you start with John Bogle's Common Sense About Mutual Funds. You need to know the odds, before you can decide what risks and rewards you want to take on.
After you finish enjoying this book and its interesting case histories (including the author's own life), I suggest that you write your own funeral eulogy. What would you like people to say about you on that day? How would you like to be remembered? What contributions would you like to have made? How will you contribute after you are gone from Earth? I learned this exercise from Tony Robbins, and think it would be a good add-on to the exercises in this book.
Enjoy an abundance of family and friends, good feelings, and contribution!
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3 of 3 people found the following review helpful:
5.0 out of 5 stars
Money Therapy: A Path for Spiritual and Psychological Growth, November 5, 2002
This review is from: Money Therapy: Using the Eight Money Types to Create Wealth and Prosperity (Hardcover)
I've read dozens of books on money (and completed hundreds of exercises), and what I appreciated most about Deborah's cogent volume was its "user-friendly" format. In contrast, Maria Nemeth's "The Energy of Money," while comprehensive, was intimidating in the level of commitment required to complete her program. Deborah's work inspired me (a psychotherapist) to complete the training she provides through the Money Coaching Institute and make it the focus of the psychospiritual work I do with clients. Deborah is not a "therapist" per se, but she KNOWS how people relate to money as a result of her many years of experience in the financial services industry, and has communicated her knowledge straightforwardly and helpfully in her book. Her vision is to help individuals harmoniously integrate the energy of money into all aspects of their lives and, by example, become healers themselves. I found this to be a unique approach, valuable to me personally, and proving valuable to my clients as well.
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