Philosophy:Money worship

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Money worship is a type of money disorder. The core driver of this behaviour is the belief that having more money will lead to greater happiness.[1] Individuals with this disorder are obsessed with the idea that obtaining more money is necessary to make progress in life[2] and, at the same time, convinced that they will never have enough money to fulfil their needs or desires.[3] Younger, single and low-net worth individuals are more likely to engage in this behaviour,[4] which has also been linked to a higher probability of carrying over credit card debt from month to month.

References

  1. Brad Klontz; Rick Kahler (24 May 2016). Facilitating Financial Health: Tools for Financial Planners, Coaches, and Therapists. National Underwriter Company. ISBN 978-1-941627-87-7. https://books.google.com/books?id=JrEPkAEACAAJ. 
  2. Britt, Sonya L.; Klontz, Bradley; Tibbetts, Racquel; Leitz, Linda (2015). "The Financial Health of Mental Health Professionals". Journal of Financial Therapy 6 (1). doi:10.4148/1944-9771.1076. ISSN 1944-9771. 
  3. "How Clients' Money Scripts Predict Their Financial Behaviors". Journal of Financial Planning, 25 (11): 33–49.
  4. Klontz, Bradley; Britt, Sonya L; Mentzer, Jennifer; Klontz, Ted (2011). "Money Beliefs and Financial Behaviors: Development of the Klontz Money Script Inventory". Journal of Financial Therapy 2 (1). doi:10.4148/jft.v2i1.451. ISSN 1944-9771.