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Essay / I chose to do my book review on “Mind Over Money: Overcoming Financial Disorders That Threaten Our Financial Health” by Brad and Ted Klontz because I have observed, and participated in, poor financial decisions that have impacted considerable impact on my family for decades. I took 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, this was not an easy task. I have read many financial self-help books and attended seminars on the subject. This book caught my attention when it said that it is not enough to simply learn how to budget and pay off debt, that we must first understand our psychological relationship with money, then overcome the constraints financial that we impose on ourselves. For years, I struggled to manage my debt and money. I always thought it was my lack of education that was holding me back. Reading this book was a welcome eye-opener.Part One: The Big LieChapter 1: Information Is Not EnoughThe authors, Brad and Ted Klontz, show that money is identified as a major source of stress in our lives. “In a modern, industrialized society, money is one of the only things that touches and impacts our every need.” Money is not only essential for satisfying our basic needs, it is also very closely linked to emotional needs such as success, love, acceptance, security, attention, and the two are often inseparable . Using the imagery of a tilted table with three legs, the authors have us visualize a situation in which one leg is shorter than the other two causing the table to tilt. We can find a quick solution by putting something under the shorter leg. When we experience emotions such as... middle of paper ... my financial difficulties are the result of my own actions, but I can also see how I was influenced by a child to lead me in this direction . Chapter 10: Financial Therapy With recent studies showing that our rational brain can actually regenerate cells and form new associations and connections throughout life, old patterns of thinking and responding can be changed, or unlearned, once that we are able to identify them adequately. To help support change toward healthier financial behaviors, the authors suggest techniques for identifying and rewriting unwanted financial habits. They suggest those experiencing financial problems seek "social support, encouragement, feedback, accountability to others, professional facilitation, and guidance," as well as identifying one's emotions, adapting to this what their body tells them and to practice. abdominal breathing and mindfulness meditation.
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