Have you heard of "money misery?" It's when we try to compare ourselves to people who have more than us, feeling down when we can't even hope to have some of the wealth of others that are constantly in the media. But Michael F. Kay, CFP®, says that feeling rich is actually not about being rich.“Your beliefs and feelings about money drive how you see yourself and how you define rich.”
I had a chance to review his new book, THE FEEL RICH PROJECT: Reinventing Your Understanding of True Wealth to Find True Happiness. It's a very practical, hands-on book with self-assessment worksheets and questions to examine your own history with and feelings about money. Readers learn why they make the decisions they do, and then take that information to help guide their decisions to meet their goals. Michael examines fear and self-bullying, and how they can create poor money habits, then shows how to replace them with positive habits that support our goals.
I liked how practical and personal the book was. By allowing time for reflection it helps the lessons sink in longer, and makes the advice more targeted - which makes it easier to follow.
ABOUT THE AUTHOR:
Michael F. Kay, CFP® is a financial life planner
and CFP® who has helped thousands of women, men, and families master
their financial lives, a process that almost always includes
uncovering—and planning for—what they value most. He is president of
Financial Life Focus, a fee-only, multi-advisor, financial life planning
firm, and the author of The Business of Life. Named by Twitter as one of the top 35 personal finance experts, his financial advice has been featured in The New York Times, The Wall Street Journal, Fox Business, Forbes and Psychology Today.