Emotions play a big role in how we spend our money.
Way too big, according to a new book by psychiatrist David Kreuger.
We use money to “alter our moods, increase our self-esteem, and control others,” Kreuger says. “We use money to try to soothe emotional pains and to buy the respect of others and ourselves.”
But, as your mom (not to mention the Beatles) always told you, money can’t buy you love.
Recognizing and overcoming that destructive behavior is what The Secret Language of Money: How to Make Smarter Financial Decisions and Live a Richer Life is all about.
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