Summary of Ted Klontz, Rick Kahler & Brad Klontz's The Financial Wisdom of Ebeneezer Scrooge
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#1 The way in which people learn about money is through their parents. As children, we translate what we hear and see into unconscious rules about life, including any internalized messages about money. These money scripts don’t reflect reality from an adult perspective, but they may represent a distorted or partial truth as seen through the eyes of a child.
#2 The solution to saving money is to change your money script. Your subconscious belief is what keeps you from achieving success. It is what keeps you from saving and investing for your future.
#3 Money scripts are the beliefs and assumptions we have about money. They are not inherently good or bad, right or wrong, but they can become a problem when they are applied to inappropriate financial circumstances.
#4 Believing you deserve to spend money on yourself is not inherently bad. However, believing that you deserve to spend money on yourself to the point that you feel entitled to do so regardless of your circumstances can be destructive.
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Summary of Ted Klontz, Rick Kahler & Brad Klontz's The Financial Wisdom of Ebeneezer Scrooge - IRB Media
Insights on Ted Klontz and Rick Kahler & Brad Klontz's The Financial Wisdom of Ebeneezer Scrooge
Contents
Insights from Chapter 1
Insights from Chapter 2
Insights from Chapter 3
Insights from Chapter 4
Insights from Chapter 5
Insights from Chapter 6
Insights from Chapter 1
#1
The way in which people learn about money is through their parents. As children, we translate what we hear and see into unconscious rules about life, including any internalized messages about money. These money scripts don’t reflect reality from an adult perspective, but they may represent a distorted or partial truth as seen through the eyes of a child.
#2
The solution to saving money is to change your money script. Your subconscious belief is what keeps you from achieving success. It is what keeps you from saving and investing for your future.
#3
Money scripts are the beliefs and assumptions we have about money. They are not inherently good or bad, right or wrong, but they can become a problem when they are applied to inappropriate financial circumstances.
#4
Believing you deserve to spend