Money Scripts

Send your questions and comments here!In this episode, Mike discusses money scripts - our hidden and often subconscious beliefs and stories we tell ourselves about money. He explores the impact of these scripts on our financial wellness, highlighting scripts which are correlated with lower net worth, lower income, and higher revolving debt. Mike highlights how our feelings about money are often uncorrelated to our actual money numbers due to the money scripts we unquestioningly follow. In this episode, Mike provides a framework for discovering and exploring the money scripts which may be holding you back from financial wellness.TakeawaysMoney scripts - hidden drivers of financial behaviorsKlontz Money Script InventoryScripts: money avoidance, money status, money worship, and money vigilanceRemit Sethi's money typesMoney types: avoider, optimizer, worrier, dreamerHow you feel about money is uncorrelated to your financial numbersHigh professional achievement does not necessarily correlate to rational financial decisionsReferencesMoney Beliefs and Financial Behaviors: Development of the Klontz Money Script InventoryDiscover the 4 Types of Money Scripts! (Video)How Clients' Money Scripts Predict Their Financial BehaviorsMoney Scripts: Why Do We Make Poor Money Choices?Evaluating the Klontz Money Script Inventory with a Diverse SampleMoney For CouplesRemit Sethi's 4 Money TypesMusic: Perpetual Motion by Amarent via FMA (public domain)Contact: [email protected] the show