Ten Ways We Psychologically Hurt Our Relationship With Money

psychology of wealth

By Dr. Charles Richards

Why is it that just when everything seems to be going well financially and you feel like you’re getting ahead, something seems to crop up that alters your plans? In my practice as a psychotherapist, I’ve seen this pattern play out in clients and others many times. If this has become a pattern for you, you may be unknowingly engaging in behaviors that are hurting your relationship with money. To uncover how you can stop sabotaging yourself financially, let’s look at ten common ways people psychologically undermine their relationship with money and what to do about them.

Tying Your Self-Esteem to the Amount of Money You Have

This is one of the most c


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2 Responses to Ten Ways We Psychologically Hurt Our Relationship With Money

  1. John | Married (with Debt) says:

    Great article – the psychology of money is my favorite topic. I recently read someone who said we should be greedy always, no matter how much we make. I argued that it takes too much mental effort to be greedy and we should just do what we want in the moment.

  2. Alexandria says:

    So True!

    The biggie I notice is how negative thinking will close doors and opportunities to you. I can think of a couple of instances where I was trying to convey some opportunity or deal, and someone flipped out and reacted very irrationally. When you convey an opportunity and someone flips out on you, i.e. “What, you don’t think I can afford x? I have to settle for y?!?” or the opposite, “What am I? Made of Money!?!” you back off and don’t try to help. A simple, “I thought about that and it’s not for me,” or “I don’t think that is going to work for me,” will do. It means next time an opportunity comes along, I know who not to mention it to. Their loss!

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