Mind over Money: Your Path to Wealth and Happinessby Eric Tyson
Just a generation ago, finding a television station that provided much more than a two-minute stock-market update was difficult. Today, we're bombarded with financial advice. With ready access to more information and advice than ever before, one might expect that managing investments, saving for retirement, getting out of debt, and taking care of a host of financial issues would become significantly easier for just about everyone. However, most will agree that just the opposite is true. Plenty of intelligent and well-intentioned people with access to financial information fail to master their personal finances.These folks would find nothing to object to about the three principles that form Eric Tyson's perspective on personal finance - spend less than you earn, regularly save toward future goals, and buy and hold solid investments with an eye towards the long term. In fact, most people already know the validity of these points. However, even with this knowledge in hand, tens of millions of people still haven't been able to overcome the financially detrimental behaviors that prevent them from putting their knowledge into action. Impediments include: spending temptations and casual acceptance of consumer debt, workaholism, letting greed or fear influence investing decisions, gambling and other addictive behaviors, hoarding tendencies, money avoidance and disorganization, and fighting about money within relationships. Mind over Money discusses these major financial obstacles to dealing with money. Breaking down the barriers to dealing well with money requires time, effort, and, most importantly, the right approach. This practical book will help you recognize and then conquer bad financial habits and develop good ones. It offers proven solutions you can use to stop self-defeating financial habits and get yourself onto the right path. Too many people end up unhealthy, overstressed, and without significant financial resources despite decades of long work hours. Are you giving sufficient attention to your family, personal life, happiness, values, and health? Mind over Money explains how you can achieve both your financial and personal goals. Best-seller lists are littered with personal finance and self-improvement books. People are clearly interested in doing more with their money and improving their personal awareness and happiness. To date, however, there has been little integration of these two important concerns. Only rarely do personal financial planning books deal with the barriers holding back people from making wise financial moves. Mind over Money is written to show how you can successfully relate to and deal with money - and each other.
- Vanguard Press
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- Product dimensions:
- 6.50(w) x 9.50(h) x 1.00(d)
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Mind Over Money includes financial advice that makes sense and is highly useful. But, the chapters on integrating work with the rest of your life, managing spending, dealing with investing and our interactions with others relating to money really got me thinking and questioning. Coverage of couples and interacting surrounding money were especially helpful. What I found thought provoking and inspirational was the way it caused me to rethink not only financial decisions and habits but also how money influences the broader choices I make in my life. Whether it be work, time with family and hobbies or other big important issues, this book got me rethinking just about everything!
Eric Tyson's 'Mind Over Money' is an extemely innovative and personal approach in assisting the readers in managing their personal finances. His emphasis is on the 'person behind the money' and how financial decisions are influenced by emotions, patterns of behavior, spending temptations, etc. I think this book will have a tremendous impact on readers who are experiencing financial challenges in their lives.
I have read a number of Eric Tyson's other books - Personal Finance for Dummies, Investing for Dummies, Home Buying, etc. Mind Over Money delves into the problematic financial habits we all possess, research on those habits and how to break. While I found plenty in the book that applied to me, I was also fascinated to learn about those that didn't directly apply to me.
I've read some of Eric Tyson's other books (Personal Finance for Dummies, Home Buying for Dummies, Investing for Dummies, etc.) and this book dovetails those. Mind Over Money gets you to inventory your financial habits and offers lots of practical advice for conquering those habits and developing good ones. I plan to get copies for each of my adult children as I wish I had this kind of advice starting out in the world.