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The Problem With Money-It's Not About The Money

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The Problem With Money- It's Not About the Money by Jane Honeck, CPA

Jan 14, 2011

by JSMaresca
posted in Cafe Libri: Reviewing Books & More

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The Problem With Money -
It's Not About The Money
By Jane Honeck CPA
Reversing Falls Press 2010

Reviewed By: Dr. Joseph S. Maresca
_______________________________

A family can never deal effectively with debt until coming to
terms with deeply held belief systems. The author provides
a simple formula for examining beliefs. First, state your beliefs.
Then, debate them with alternatives. Finally, recreate or
reshape them to come to terms with reality.

Examples of deeply held beliefs are as follows:
o We need to keep up with what next door family is doing.
o I wouldn't be seen dead in those clothes.
( So, go out and spend a fortune to stand out in a crowd.)

All of these beliefs cost us dearly in the long run.
The thing to do is to examine them dispassionately.
Debate the alternatives and make the appropriate changes.

Next, the author advises us to break down goals into smaller
snippets or steps forward. In addition, we should not push goal
achievement too hard. The book articulates a good rule.
That is, we cannot change our relationship to debt without
changing how we spend and why. Ultimately, we must plan
to become financially conscious.

We need to stop associating money with power.
Instead, Americans should extol goodness over financial
resources. We need to stop excessive concerns over money.

In our relations with others, my own experience is to
limit loans to friends. Never lend out any amount that
you cannot afford to lose.

Overall, the book is an excellent value for the small
price charged. The advice is clear and unambiguous.
Reading this book will force consideration of
many deeply held views. These modes of behavior
may be holding us back from enjoying the process of life more fully
and albeit less stressfully.

Next, the author should re-write this book to
instruct governments on how to spend money .