Bargain Babe

Coupons, Freebies, and Tips to Save Money Every Day

Win “The Money Code” Plus a $25 Visa Gift Card

The Money Code: Improve Your Financial Life Right Now by Joe John Duran, is a book about understanding your Money Mind and knowing that your biases and life experiences have an effect on your financial decisions. More info on how to win a copy of this book plus a $25 Visa gift card below!

Duran, who has been profiled in numerous publications including the New York Times and Smart Money, takes you on his journey to discover five money secrets that have allowed him to live his best financial life. Watch Duran explain secret No. 5 in the video! He writes:

Ideally, making decisions about money would be a solely intellectual exercise. But I have come to know — as both an individual and a financial professional — that decisions about money are almost always emotional ones, too. And our personal histories and perspectives will affect not just how we make decisions but also their quality.

If quality is what you want from life, Duran’s book is for you! The 157-page book, is an easy and quick read that will teach you how to prevent bad money decisions by identifying your Money Mind. Basically, a Money Mind is like a lens that influences your money decisions. There are three:

  • Fear Money Mind – It’s those who see themselves as the protectors and are frustrated by not being able to find peace of mind.
  • Happiness Money Mind – These folks are pleasure seekers and feel like there’s never enough.
  • Commitment Money Mind – You’re in this group if you feel like there’s too much personal sacrifice in your life. You’re the giver of the group.

You may have qualities from all these minds, but one usually dominates! I’m a combo of the fear and commitment money mind. Knowing what type of money mind you are will also help you talk finances with your spouse or family without all the money fights.

Let us know in the comments what Money Mind you are by Friday, Feb. 8, 2013 at 11:59 p.m. EST for a chance to win a copy of The Money Code and a $25 Visa gift card! Winners will be announced Monday, Feb. 11.

If you can’t wait to get your hands on the book and read more about Duran’s journey and money advice, you can purchase a new copy on Amazon Book review: The wealth cure for $10.17 (orig. $14.95).

Comments

  1. From the description that Bargain Babe gave of the book, though there is a bit of all three groups in me, I’m predominantly of The Commitment Money Mind—definitely way too much personal sacrifice has been made by me! Lessons painfully learned the hard way.

    Reply

  15. I’m a combination of the Commitment Money Mind and Fear Money Mind. I will usually ponder our financial status every month and get nauseous, then push it out of my mind and go out to buy groceries, and see something that costs a little more than I would like to spend, but I figure “we deserve it because we work hard”. Is there a happy medium? I hope I find out in the book!!!

    Reply

  17. In this economy, I can’t imagine anyone not being a Fear Money Mind. Our money becomes more worthless every day that the Fed keeps banks from paying decent interest rates to savers, instead encouraging risky investment in the Wall Street casino.

    Reply

  21. I don’t particularly identify with any of them, but perhaps it’s more that my decision-making is normally multifaceted and doesn’t focus solely on one thing or isn’t motivated only by any single thing.

    Reply

  29. I must be weird or something, because I feel like I am a bit of all of them. I would be very interested in reading more about this in the book.

    Reply

  44. I am a combination of Fear and Commitment money mind. It’s become increasingly challenging as my husband has been unemployed since October. With 4 young children whom are a blessing and their laughter takes my worries away instantly, every penny now has to be stretched beyond my comfort zone.

    Reply

  50. Commitment Money mind. I have said many times, if my husband would spend less, i wouldn’t feel the pressure to save, save, save!!!!

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

Start Your Spring Cleaning with a Declutter Month!

Freebies