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Excerpt from The Value of Money by Penguin:

THE VALUE OF MONEY
by SUSAN MCCARTHY

It’s a rare person indeed who doesn’t have a highly charged emotional relationship to money. Whether you’re wealthy or poor or somewhere in between, you have probably developed personal attitudes and behaviors around your money that you don’t think about too often. And the truth is that these attitudes and behaviors tell the world more about who you really are than you might like.

For example, what comes into your mind (or better yet, the pit of your stomach) when you think about money? Does it make you feel happy and hopeful? Or does it scare you? Is it fun to think about it or does it bore you to tears? Does the mention of money set you dreaming about what you would do if you had more or scheming about how to get it? Some people find comfort in just counting up what they already have, but others focus only on what they don’t have.

No matter what your initial reaction the truth is that we can learn a great deal about ourselves by looking at what we do when it comes to making decisions about money. Our behavior around it reflects all our basic emotions, from our deepest fears to our fondest wishes. At times, unfortunately, it’s where we exercise our worst tendencies, but it can also be where we cultivate our greatest strengths.

Who are you when it comes to your money? Are you the tightwad or the generous giver? What emotions govern your thinking about it? Fear and anxiety or confidence and joy? What kinds of stories about money did you hear as a child? That you needed to hide it from others? That wealthy people were unhappy and untrustworthy? That money was to be shared? …

Understanding (these types of things) is a key to cultivating a rich and peaceful relationship to money, ease in financial decision making, and a special type of self-awareness.

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