I can list the money books I wholeheartedly endorse on one hand. A new one just got added to the list, and I’ve got one copy to give away to a reader, or someone you care about, who would benefit from some thinking about money.
The Secret Language of Money is not The Secret redux, its title notwithstanding. Rather, it is a grounded, thoughtful invitation to explore our relationship with money – the ways we give money meaning that it doesn’t really have, and how that plays out in our lives.
If you’re tempted to believe you and I are rational about money, consider this experiment at Harvard, replicated 600 times:
Groups of economists and financial specialists were set in an auction environment and shown a $20 US Dollar Bill up for auction. In over 600 “auctions”, not once did that $20 sell for less than $20. HUH? Exactly. Presumably this happened because the prize ceased to be about $20, and became about winning.
That may seem a bit far from our every day money realities. The book brings it all a lot closer to home. See if some of these don’t ring true:
- After a setback or disappointment, do you spend a bit of money to feel better?
- “I’ve already spent more than I planned to. I might as well go ahead an buy XYZ too, since I’ve blown my budget anyway.”
- “I lost money in the stock market, so I won’t invest in the stock market anymore!”
Between my work in my life as a money coach (currently on sabbatical, btw) and my own self-discovery about my relationship with money, I have concluded that unpacking our hidden money drivers is imperative if we want any hope of managing our money effectively.
This book will help you – or a friend – do that. It could be one of the most helpful Christmas gifts you provide someone.
Interested in a free copy?
Leave a comment describing one example of irrational thinking about money you’ve either engaged in personally, or have observed, and your name will go in the draw! The draw will be next Sunday, Dec. 13th so the book might even arrive in time for Christmas (if you observe it).
UPDATE: Congrats to Nola who was selected by the Random Generator to win the book. Thanks all for your comments — they could form a blog post in themselves! Nola, I’ve e-mailed you. If you didn’t receive it, pls check your junk box just in case. If still nothing, leave me another comment.
ALSO: Thanks to McGraw Hill for donating the books!