Dr. Brad Klontz - How Your Money Beliefs Are Holding You Back

In today’s episode, Derrick Kinney interviews nationally recognized financial psychologist, Dr. Brad Klontz on how your negative views of money can be holding you back in a big way. He shares how the money beliefs you inherit can predict your future financial success.

What You Will Learn:

Many people have a negative perspective of money Why so many of us view the “wealthy” as selfish How past experiences influence your money choices Our happiness with how much money we have has less to do with the amount and more to do with who we’re comparing ourselves to 80% of “wealthy” people are self-made  Why no external thing or amount of money can actually make someone happy Why humans have a natural tendency to not be satisfied  The most common money disorders people have How your beliefs you inherited predict your financial future Our desire to belong has a strong influence on us and what we do What are practical ways to go from not liking money to successfully building wealth Why having a financial mentor can have such a positive impact

 

Inspirational Quotes:

“We have a tendency to disparage people who are different than us, especially when they have something we want.” - Dr. Brad Klontz “The people who most hate the rich are the people who most desperately want to become rich themselves.” - Dr. Brad Klontz “Be careful about hating rich people because historically you are in the top one percent yourself compared to the rest of the world.” - Dr. Brad Klontz “In one study we did the ultra-wealthy had 18 times more money than the middle class but they only spent twice as much on their house, their car, their watch, and their last vacation.” - Dr. Brad Klontz “Comparison is the thief of joy.” - Derrick Kinney “Your life satisfaction is entirely subjective.” - Dr. Brad Klontz “More money just reveals more of the cracks that you have internally. So if you can patch those cracks, with little now you’ll be more prepared to be more satisfied when you have more money.” - Derrick Kinney “It is incredibly difficult to go from the middle or working class to become wealthy and the biggest part of that difficulty is psychological.” - Dr. Brad Klontz

 

Recommended Resources:

Mind Over Money by Dr. Brad Klontz 5 Ways Your Resentment of Money is Ruining the World (free download)