Summary of Brad Klontz & Ted Klontz's Mind over Money

By IRB Media

Please note: This is a companion version & not the original book. Book Preview:

#1 The basics of financial health are simple: save now and invest for the future. Spend reasonable amounts of money to enjoy life and accomplish your goals, but spend less than you earn.

#2 The human givens approach is a new psychological framework that combines current neurological research with earlier work by theorists such as Abraham Maslow. It identifies not only universal human needs but also a range of innate resources available to all people to meet those needs.

#3 The brain needs money to function, and it takes up a lot of our attention because of this. It is no surprise that many people have tumultuous and self-destructive relationships with money.

#4 Money is essential, but the cruel irony is that more of it doesn’t automatically solve our problems or relieve our stress. In fact, many studies have shown that at or above the average American’s income, there’s no predictable correlation between money and happiness.

• Language: English
• Publisher: IRB Media
• Release date: Jun 4, 2022
• ISBN: 9798822530607

IRB Media

With IRB books, you can get the key takeaways and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience.

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Insights on Brad Klontz & Ted Klontz's Mind over Money

Contents

Insights from Chapter 1

Insights from Chapter 2

Insights from Chapter 3

Insights from Chapter 1

#1

The basics of financial health are simple: save now and invest for the future. Spend reasonable amounts of money to enjoy life and accomplish your goals, but spend less than you earn.

#2

The human givens approach is a new psychological framework that combines current neurological research with earlier work by theorists such as Abraham Maslow. It identifies not only universal human needs but also a range of innate resources available to all people to meet those needs.

#3

The brain needs money to function, and it takes up a lot of our attention because of this. It is no surprise that many people have tumultuous and self-destructive relationships with money.

#4

Money is essential, but the cruel irony is that more of it doesn’t automatically solve our problems or relieve our stress. In fact, many studies have shown that at or above the average American’s income, there’s no predictable correlation between money and happiness.

#5

When we find ourselves unable to follow through on the changes we know we should make, we often add self-abuse to the emotional baggage we’re already carrying, which just adds to our stress. We must understand and accept the reasons why changing our money behaviors is so difficult.

#6

The human brain under stress is like a tilted table. Anxiety, fear, and shame make us feel off-balance, and the brain seeks out substances or behaviors that seem to repair or rebalance it, at least temporarily.

#7

Your financial struggle is not a sign of weakness or failure. It is a predictable response to your early money experiences. The good news is, you can change.

#8

Until we learn to accept that we have a problem, we will not be able to change our money behaviors on a long-term basis. We are highly resistant to change, and without rewriting the scripts