Money Mammoth: Harness the Power of Financial Psychology to Evolve Your Money Mindset, Avoid Extinction, and Crush Your Financial Goals - Hardcover

by Brad Klontz (Author), Edward Horwitz (Author), Ted Klontz (Author)

A look at the psychological barriers to financial success and how to create a better financial future

When it comes to our relationship with money, we are in the Stone Age. Despite the relentless barrage of information and warnings from financial experts, the average American is in terrible financial shape. It turns out that human beings are just not wired to do the right things around money--such as saving and not overspending. That's why financial success is so difficult to attain. When it comes to our financial instincts, we are no more evolved than our ancestors who hunted the Woolly Mammoth 400,000 years ago.

Recent findings from the field of financial psychology could help the many Americans who know what they need to do but just can't seem to make it happen. If you fall into this category, consider Money Mammoth: Evolve Your Money Mindset and Avoid Financial Extinction.

This book looks at financial well-being from a psychological and evolutionary perspective. It reveals the obstacles that prevent people from taking their first critical steps towards financial wellness. It examines how our instincts and beliefs about money influence our financial behaviors. It explores money beliefs, how they develop, and how they drive our money behaviors

As the world's leading experts in financial psychology, authors Dr. Brad Klontz, Dr. Ed Horwitz, and Dr. Ted Klontz can help you:

• Discover how the experience of your ancestors are impacting your finances
• Understand how your friends, family members, and tribe may be holding you back
• Overcome mental roadblocks to wealth and success
• Harness the power of your emotional brain to transform your relationship with money
• Build confidence in your ability to take control of your financial future

In Money Mammoth, the authors reveal the secrets to harnessing the power of your psychology to reach your financial goals.

Front Jacket

Written by renowned financial psychologists, professors, and certified financial planners, Money Mammoth shows readers how to change the behaviors and impulses that lead them financially astray. Full of actionable advice and practical strategies designed to help the average person achieve financial independence, the book acts as a guidepost for those who wish to take control of their personal finances and money relationships. Whether you're a hopeless spendthrift or hopelessly thrifty, Money Mammoth will help you save and enjoy your money.

The book is written in three parts, each of which is designed to assist you in reaching a destination of financial well-being. From identifying the sources of your less-than-optimal behaviors to showing you how you can take steps to change those behaviors into something more useful, Money Mammoth is a how-to guide for permanently improving your relationship with money.

Even as the authors provide sophisticated psychological information about the causes of our financial stress, the book remains approachable and highly engaging. You'll learn about topics as varied as the psychological biases that infect our thinking about money and the evolutionary origins of those biases, all while enjoying the authors' highly practical and readable approach.

Perfect for anyone who hopes to regain control of their credit, accounts, and financial behavior, as well as those who just need to brush up on the basics of personal finance, Money Mammoth also belongs on the bookshelves of everyone with a curiosity about the intersection of psychology and our relationships with money and finance. The book is a must-read amongst financial planners and professionals seeking a better understanding of some of the psychological underpinnings of the behaviors they see in their clients every day.

Back Jacket

Improve your relationship with money in this approachable, one-stop, personal finance resource

Do you struggle with your personal finances? Do you spend (or save) too much? Do you struggle with your money relationships and communicating about money issues with your children, parents, or spouse? Money Mammoth offers you a fresh and effective approach to managing your money. Incorporating lessons from psychology, behavioral economics, and financial planning, the distinguished authors lay out a step-by-step plan to understanding your financial behaviors and changing them for the better. The book is a must-read for anyone who desires to improve how they save, spend, share, donate, and invest money.

Full of applicable strategies and concrete, real-life advice for everyday spenders and savers, Money Mammoth shows readers how deep-seated evolutionary and psychological roadblocks can subtly interfere with their best financial intentions. The book goes on to describe how to overcome those roadblocks, using tried-and-true behavioral tricks to change your negative practices into positive ones.

Written for anyone who hopes to reboot their relationship with money and for those who just need to brush up on the basics of responsible financial behavior, Money Mammoth is also ideal for those with a curiosity about the intersection between psychology, economics, and personal finance.

Author Biography

BRAD KLONTZ, PSY.D, CFP, is a Certified Financial Planner and a financial psychologist who helps individuals and families understand their views about money. He is Associate Professor of Practice in Financial Psychology and Behavioral Finance at Creighton University's Heider College of Business.

EDWARD HORWITZ, PHD, CFP, FBS, is a Certified Financial Planner and a Financial Behavioral Specialist with expertise in financial planning, risk management, and creating financial psychology solutions for organizations. He is an Associate Professor of Practice at Creighton University's Heider College of Business and holds the Mutual of Omaha Chair in Risk Management.

TED KLONTZ, PHD, is Associate Professor of Practice in Financial Psychology and Behavioral Finance at Creighton University's Heider College of Business and a founder of the Financial Psychology Institute.