An article published online September 23, 2011, in Fortune/CNNMoney suggests that keeping a cool head during volatile times is easier if you deal with your own money issues. The author, Eric J. Dammann, Ph.D., is a clinical psychologist who offers an explanation of money scripts and discusses their role in uncertain economic times.
He cites three common money scripts: “Money is bad,” “More money will make things better,” and “There will never be enough money.” He says that the money scripts term “was first coined by psychologists Brad and Ted Klotz and financial planner Rick Kahler,” but doesn’t mention that the three scripts he cites are taken from the “Top Ten Money Scripts” sections of our book Wired for Wealth.
Read the entire article here.