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 .
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