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 for $10.17 (orig. $14.95).