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'''Money worship''' is a type of [[money disorder]]. The core driver of this behaviour is the belief that having more [[money]] will lead to greater [[happiness]].<ref name="KlontzKahler2016">{{cite book|author1=Brad Klontz|author2=Rick Kahler|title=Facilitating Financial Health: Tools for Financial Planners, Coaches, and Therapists|url=https://books.google.com/books?id=JrEPkAEACAAJ|date=24 May 2016|publisher=National Underwriter Company|isbn=978-1-941627-87-7}}</ref> Individuals with this disorder are obsessed with the idea that obtaining more money is necessary to make progress in life<ref name="BrittKlontz2015">{{cite journal|last1=Britt|first1=Sonya L.|last2=Klontz|first2=Bradley|last3=Tibbetts|first3=Racquel|last4=Leitz|first4=Linda|title=The Financial Health of Mental Health Professionals|journal=Journal of Financial Therapy|volume=6|issue=1|year=2015|issn=1944-9771|doi=10.4148/1944-9771.1076}}</ref> and, at the same time, convinced that they will never have enough money to fulfil their needs or |
'''Money worship''' is a type of [[money disorder]]. The core driver of this behaviour is the belief that having more [[money]] will lead to greater [[happiness]].<ref name="KlontzKahler2016">{{cite book|author1=Brad Klontz|author2=Rick Kahler|title=Facilitating Financial Health: Tools for Financial Planners, Coaches, and Therapists|url=https://books.google.com/books?id=JrEPkAEACAAJ|date=24 May 2016|publisher=National Underwriter Company|isbn=978-1-941627-87-7}}</ref> Individuals with this disorder are obsessed with the idea that obtaining more money is necessary to make progress in life<ref name="BrittKlontz2015">{{cite journal|last1=Britt|first1=Sonya L.|last2=Klontz|first2=Bradley|last3=Tibbetts|first3=Racquel|last4=Leitz|first4=Linda|title=The Financial Health of Mental Health Professionals|journal=Journal of Financial Therapy|volume=6|issue=1|year=2015|issn=1944-9771|doi=10.4148/1944-9771.1076}}</ref> and, at the same time, convinced that they will never have enough money to fulfil their needs or desires.<ref>"How Clients' Money Scripts Predict Their Financial Behaviors". ''Journal of Financial Planning'', 25 (11): 33–49.</ref> Younger, single and low-net worth individuals are more likely to engage in this behaviour,<ref name="KlontzBritt2011">{{cite journal|last1=Klontz|first1=Bradley|last2=Britt|first2=Sonya L|last3=Mentzer|first3=Jennifer|last4=Klontz|first4=Ted|title=Money Beliefs and Financial Behaviors: Development of the Klontz Money Script Inventory|journal=Journal of Financial Therapy|volume=2|issue=1|year=2011|issn=1944-9771|doi=10.4148/jft.v2i1.451}}</ref> which has also been linked to a higher probability of carrying over [[credit card debt]] from month to month. |
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== References == |
== References == |
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Revision as of 22:31, 17 February 2020
Money worship is a type of money disorder. The core driver of this behaviour is the belief that having more money will lead to greater happiness.[1] Individuals with this disorder are obsessed with the idea that obtaining more money is necessary to make progress in life[2] and, at the same time, convinced that they will never have enough money to fulfil their needs or desires.[3] Younger, single and low-net worth individuals are more likely to engage in this behaviour,[4] which has also been linked to a higher probability of carrying over credit card debt from month to month.
References
- ^ Brad Klontz; Rick Kahler (24 May 2016). Facilitating Financial Health: Tools for Financial Planners, Coaches, and Therapists. National Underwriter Company. ISBN 978-1-941627-87-7.
- ^ Britt, Sonya L.; Klontz, Bradley; Tibbetts, Racquel; Leitz, Linda (2015). "The Financial Health of Mental Health Professionals". Journal of Financial Therapy. 6 (1). doi:10.4148/1944-9771.1076. ISSN 1944-9771.
- ^ "How Clients' Money Scripts Predict Their Financial Behaviors". Journal of Financial Planning, 25 (11): 33–49.
- ^ Klontz, Bradley; Britt, Sonya L; Mentzer, Jennifer; Klontz, Ted (2011). "Money Beliefs and Financial Behaviors: Development of the Klontz Money Script Inventory". Journal of Financial Therapy. 2 (1). doi:10.4148/jft.v2i1.451. ISSN 1944-9771.
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