What is Psychology of Money?
The psychology of money is how our beliefs, expectations, and feelings influence our financial behavior, success, and disappointment. This means that financial success is an “inside job” and is more determined by what’s between our ears and inside our hearts than what’s on the outside.
The psychology of money helps us to become more aware of our money scripts, how we may be sabotaging ourselves and how we can re-write those scripts to create more success. Although Psychology of Money emphasizes money, the same mindset that creates financial success also creates success in relationships, career, health, lifestyle, etc.
Watch Dr. Gottfurcht’s CNN interview on Anderson Cooper to discover more:
In areas of recurring stress, we all have a tendency to repeat or rebel against the way we were raised. Since money has so many powerful symbolic meanings such as security, freedom, power, ego, control, acceptance/rejection, etc., our early upbringing often creates strong emotions and irrational behavior. That’s why, despite the size of our portfolio, nest egg, or income, almost everyone has psychological challenges with money.
Lasting success and fulfillment depend upon what Dr. Gottfurcht describes as developing a Prosperity Thinking and abundant state of mind while reducing Poverty Thinking and scarcity.
We coach locally, nationally, and globally with people from all walks of life. We also provide individual, couples, and family psychotherapy and workshops for people who can come to our Brentwood (Los Angeles) office.
For over 30 years, Dr. James Gottfurcht, Founder and President of Psychology of Money Consultants, has been a licensed clinical psychologist, licensed marriage and family therapist, and UCLA Extension Instructor. He is also a Board Certified Coach specializing in money, relationships and life.
Thank you, Dr. Gottfurcht, for your wise counsel to my clients after loss of their parent. Settlement of the clients estate now proceeds with ease.
Carolyn J. Tomlinson
Registered Investment Advisor and Investment Consultant - Moorpark, California
As a fellow-instructor, I admired your course content and structure. In only one day, you led us step-by-step into confronting our barriers to prosperity and then into discovering solutions to our financial challenges.
Communications Consultant - Redondo Beach, CA