Customer Reviews

The Money Trap: A Practical Program to Stop Self-Defeating Financial Habits So You Can Reclaim Your Grip on Life

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Finally a book that does not chastise those who cling to bad money habits. Mr. Gallen does not tread lightly over the shredded credit card debris field of bad debt. You've got a problem. He knows. And he'll tell you how to fix it. Thank God. Spend some dimes on this book and put some dollars back in your pocket.

Commonsense, step-by-step how-to book, but with the essential WHY factor answered. WHY do I charge stuff when I know I won't be able to pay it off at the end of the month, when I have promised over and over again not to do just that??? Now I know why and I feel confident that this book has helped me to stop the bad financial habits forever.

Wow! This book is amazing. The way the author talks about money and money disorders is a completely new way of thinking. Our society became obsessed with money, which has become the central way we view ourselves, and how we measure our self-esteem. No wonder that we developed four main types of money disorders: overspending, workaholism, money obsession, and underearning. We think that if we only had more money, our problems would go away. The author says that we expect a whole lot more from money that it will ever be able to deliver. Money can only do two things: buy goods and buy services. I highly recommend this book.

- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market

The Money Trap sat on my bookshelf for years right next to the book I thought of as its idealogical twin - How to Get Out of Debt, Stay Out of Debt & Live Prosperously by Jerrold Mundis. After finally reading it, I found that, though there are obvious similarities, it's subtle difference was the missing ingredient to understanding how we get into, and often stay in, financial difficulty.

Where Mundis' book scratches the surface when delving into how we develop money problems, The Money Trap goes deep into the underlying emotional causes of money disorders. This is the book's greatest contribution. Why? Because, understanding why you have a problem is key to counteracting that problem.

Gallen goes further by outlining a practical approach to healing the internal self, eliminating self-destructive financial behavior, and creating positive external results. It's work, no doubt, but work that may lead to the financial peace needed and deserved by those who truly seek it.