Why do we equate our bank account balances with our personal self-worth?
In short: Financial struggle is a common experience, yet it remains a taboo subject. Author Tammy Lally explores the pervasive nature of money shame and provides a framework for separating your emotional identity from your financial situation to foster healthier money management.
Tammy Lally argues that the tendency to hide financial difficulties stems from a deep-seated 'money shame.' By equating the numbers in a bank account with personal value, individuals often struggle to manage their finances effectively or speak openly about their challenges.
The talk encourages listeners to break free from these psychological barriers. Lally, author of the book Money Detox, which was scheduled for release in September 2018, emphasizes that financial health requires honesty and a shift in perspective regarding how we define our worth.
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Sources
- Summary by Intellect · source: Let's get honest about our money problems | Tammy Lally
- Also: Let's get honest about our money problems
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