Skip to main content

Money and Money Disorders.

Everywhere you look, there’s compelling evidence that the single-minded pursuit of wealth often leads smart people to do incredibly stupid things — things that destroy what money can’t buy.

I ask myself the same questions. How is it that brilliant people with more money than they’ll ever need allow their hunger for even more money to cause them to lose everything? How much is enough, and why are people willing to risk so much to get more? If money is so alluring, how is it that so many people of great wealth also seem so unhappy?

Just about everyone has a complicated relationship with money.

The average Kenyan  seemed to suffer from a money disorder.

Money disorders are persistent patterns of self-destructive and self-limiting financial behaviors.

They result from distorted beliefs about money we develop from our financial flashpoint experiences.

Whether it's a childhood of poverty or want, a message about money subconsciously internalized from a parent, a nest egg lost to an economic downturn later in life, or someone rushing in at the last moment to save the economic day, everyone has experienced a financial flashpoint in their lives.

Categories of money disorders

Money Avoidance Disorder

Financial Denial: When, rather than face financial reality, we try to minimize money problems by refusing to think about them all together.

Financial Rejection: The experience of guilt whenever money, of any amount, is accrued. People with low self-esteem are particularly prone to this disorder, and it leads to a whole host of financial and psychological troubles.

Money-Worshipping Disorders

Hoarding: When stockpiling objects or money provides a sense of safety, security, and relief of anxiety.

Compulsive Buying: Compulsive buying is overspending on steroids. Compulsive shoppers are consumed by their money worries. They often learned, early in life, that the ritual of shopping provides a temporary escape from worry and anxiety.

Relational Money Disorders

Financial Infidelity: Telling "little green lies" about one's spending or finances to one's partner, like making purchases outside an agreed-upon budget or lying about the cost of a big-ticket item.

Financial Enabling: Giving money to others whether you can afford it or not; giving when it is not in the other's long-term best interest; having trouble or finding it impossible to say no to requests for money; and/or even sacrificing one's own financial wellbeing for the sake of others.

The negative side of money.

Divorce
Studies show that money is the no. 1 reason for divorce in the early years of marriage and a common area of conflict for couples.

More money, less empathy.
“A lot of what we see is a baseline orientation for the lower class to be more empathetic and the upper class to be less.
Lower-class individuals have to respond chronically to a number of vulnerabilities and social threats. You really need to depend on others so they will tell you if a social threat or opportunity is coming and that makes you more perceptive of emotions.

Wealth can cloud moral judgment.
where the law requires that cars stop at crosswalks for pedestrians to pass -- drivers of luxury cars were four times less likely than those in less expensive vehicles to stop and allow pedestrians the right of way. They were also more likely to cut off other drivers.

Wealth has been linked with addiction.
Affluent children are more vulnerable to substance abuse issues , potentially because of high pressure to achieve and isolation from parents. in adulthood, the rich outdrink the poor by more than 27 percent.

Money itself can become addictive.
in this case, an addiction to the good feeling that comes from receiving money or possessions -- which can ultimately lead to negative consequences and harm the individual's well-being. Addiction to spending money -- sometimes known as shopaholism -- is another, more common type of money-associated process addiction.

Wealthy children may be more troubled.
Children growing up in wealthy families may seem to have it all, but having it all may come at a high cost. Wealthier children tend to be more distressed than lower-income kids, and are at high risk for anxiety, depression, substance abuse, eating disorders, cheating and stealing.

We tend to perceive the wealthy as "evil."
On the other side of the spectrum, lower-income individuals are likely to judge and stereotype those who are wealthier than themselves.

While a lack of resources fosters greater emotional intelligence, having more resources can cause bad behavior in its own right.

But don't let  your beliefs about money keep you from living a prosperous life because wealth is the ability to fully experience life.

Comments

  1. I must say that you have come up with the most relevant topic of this present day world. Everyone wants money irrespective of the source. Your blog will act as a guiding light to those who consider money as a solution to all their problems.

    ReplyDelete
    Replies
    1. Thanks. I also hope my readers will gain something after reading this so they can start putting more value to people and not money.

      Delete
  2. Thanks for this information. But we shouldn't try and adopt the unethical ways as they won't help us earn any respect, So better to follow the straight path and we can do better.

    ReplyDelete
    Replies
    1. Welcome and thanks for the advice.

      Delete
  3. You just hit the nail on the head,money and its disorder.It can make one to be stingy and mean.looking down on others and lording over others.I don't believe money itself is evil but those in possession of it.We need to fight this mindset.

    ReplyDelete
    Replies
    1. True. Money is not evil but it can make people do evil deeds. We should never let money control us. We should instead learn that money will always come and go and how we use it when we have it is what will determine if we can keep it.

      Delete
  4. Human beings belong to mammal species. It is in the nature that the weak die while the strong survive. It's called the survival of the fittest. Money is the main factor why the world goes around.

    ReplyDelete
    Replies
    1. I agree with you. Actually, we have all reached a point where money controls everything we want and people we love.

      Delete
  5. i think it is human nature that they can not be happy what they have , always wanting what is not.

    ReplyDelete
    Replies
    1. Yeah. And this nature is what makes people let money control them and in turn lead them to committing more evil.

      Delete
  6. money manipulates people.but money can lead to greediness and incontented..for short money is root of evil

    ReplyDelete
    Replies
    1. I agree with you that money is the root of all evil even though money itself is not evil.

      Delete
  7. Rochelle rodriguez6 November 2017 at 06:10

    We should never let money controls us.

    ReplyDelete
    Replies
    1. Exactly. I think we all need to learn how we can achieve this.

      Delete
  8. The reality btw, like rochelle said,"We should never let money controls us".
    exactly.

    ReplyDelete
    Replies
    1. Rochelle is right and I also agree with him. Money will always come and go and so we should be the ones controlling it.

      Delete
  9. Imo, I have a money disorder as I love money, haha.

    ReplyDelete
    Replies
    1. I am glad you know about this early. I used to not know how to spend when it came to money and that is something I have been working on. So I can't say I love it but I love the things I can get with money. Like ice creams and chocolate. lol

      Delete

Post a Comment

Popular posts from this blog

BEAUTIFUL EYES

Have you ever been told that your eyes are beautiful? You could be looking into everyone's eyes or in the mirror and wondering how beautiful eyes look like.
Is it the 'V' shape of your eyes or eyebrows?, is it the colour?, is it the size? or it is just another obvious compliment that you are used to hearing.SaD EyEs ArE BEAUTIFUL! Good people have sad eyes. I mean extremely beautiful eyes. And i do not mean that bad people have ugly eyes. Bad people have sad eyes too but lost.
You might be checking in the mirror and wondering where "lost" comes in or even wondering if you are a bad person. Haha! You are definitely not a bad person. You are just a good person but the 'lost' in your sad eyes hides the good in you.What i mean by "lost sad eyes" is that you got lost in your pain and became a bad person. You might have decided to become a completely different person from the original you because you think everyone expects that from you.Let us admit…

Marriage.

I had a dream that i was pregnant. It felt so real. In my little white dress, and my hands on my belly.
I felt so special and pretty, a feeling that a model will never feel despite all the runways...
Maybe it was the way i was treated by people around me. I was on a new level.Maybe it was the way the drivers would stop their cars even before i had my right foot on the road. Maybe it was the way people will give way on a busy street . Maybe it was how the driver would turn down the volume when i got in the loud matatu.
Maybe it was the way he opened the door for me and pulled a chair for me. So i sat there thinking about him, the father of my unborn baby. Back to reality, am not pregnant, it must be my hormones playing tricks on me when i am sleeping.Google has many definitions on marriage. I have never come across a positive one.
If not two people who are inlove with each other seeking a paper proof that they can legally live together then it is loving each other even in those days wh…