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Building Wealth through Saving and Investing

The Secret Language of Money – Book Review and Giveaway

secretlanguageofmoneyIt has been a while since my last book review (in June) as my reading hobby has been on the back burner lately as my free time has been scarce.  Today’s review is about a book that focuses on money psychology and how it affects our lives.

The book is called “The Secret Language of Money” written by David Krueger and John David Mann.  As money psychology has been an interest of mine for the past little while (see what’s important about money to you), I found this book to be  a great read.  It’s not a typically personal finance book about numbers and retirement, but it does some digging into the root of our money decision making.

We’ll be giving away a couple copies of this book, scroll down to the end of the post to see how enter.  Even if you don’t win a copy, I suggest that you pick up a copy at your local library when it’s available, it’s well worth the read.

About the Authors:

According to the book:

David Krueger, M.D., formerly practiced and taught psychiatry and psychoanalysis for more than 25 years.  he is currently CEO of MentorPath, an executive coaching practice serving corporate executives and healing professionals.  he serves as mentor coach and dean of curriculum for the Coach Training Alliance.

John David Mann has been writing about business, leadership and the laws of success for more than 20 years. He is coauthor of the Wall Street Journal bestseller The Go-Giver and the award winning A Deadly Misunderstanding and author of The Zen of MLM.

About the Book

The Secret Language of Money is about finding your “money story” to determine what’s holding you back.  Once that is determined (via various  questions and fill in the blanks), the author goes through the process of changing your money story to one which is in alignment with what you really want from life.

The Secret Language of Money is a guided tour to the subconscious meanings we give money, the conflicted ways our brain deals with money, the reasons we tend to make the same money mistakes over and over – and most importantly, how you can change all that.

The book is separated into 3 sections:

  1. Your Money Story – The 5 or so chapters in this section goes through various questions to ask yourself via various fill in the blanks.  This includes a chapter on what your existing money personality is.
  2. Plot Twists – In this section, the author goes through various examples of people and their money situations.  A story that stands out is the architect with a 7 figure net worth who kept setting higher and higher money goals, but could never get enough.  Of course every story has a lesson and how it applies to you.
  3. Writing a New Money Story – The last part of the book has a few chapters on more “fill in the blanks” to write your new money story.  Answering questions like, “how much is enough?”, “What are your passions?”.  In addition, it has a work sheet on how to set realistic goals.

Final Thoughts

As I mentioned above, if you have a personal finance book collection, this book would be a great addition.  At the very least, request it from your library to add to their collection.

The Secret Language of Money is all about challenging our existing (and stubborn) money beliefs, and what we can do to make long term changes for the better.

Want a Free Copy?

McGraw-Hill was generous in offering Million Dollar Journey readers the chance to win 2 copies of the book.  The details are below:

  1. Simply leave a comment and you’ll automatically be entered in the draw for a free copy.
  2. All email subscribers will receive an additional entry (we respect your privacy).
  • Please only 1 comment entry / person (please enter a valid email address).
  • Only those with a North American mailing address may enter (publisher rules, sorry).
  • Contest will end Sat 5pm EST Oct 10, 2009 and the winner announced shortly after!



190 Comments, Comment or Ping

  1. 1. hawkeye

    This book sounds very interesting. I would be happy to win a copy :-)

  2. 2. Dutchie

    I would love a copy of the book as well ;)

  3. 3. Ben

    I think all of us could use some insight into why we are the way we are with our approaches to money, and what use we have for it.

  4. 4. Matt Hill

    Money psychology is one of those funny things that I find that impact many aspects of our decisions without even realizing its affect. So, if I can learn more about it with a free book, I would be all up for that!

  5. 5. cbez

    Wow, looks interesting. Sign me up for the draw, please.

  6. 6. Andre

    Definitely sounds like an interesting book. Please include me in draw.

  7. I’ve always been ambivalent about lotteries (http://en.wikipedia.org/wiki/The_Lottery), but not winning as a rule sort of reassures me…

  8. 8. Steve

    Regarding the architect comment, since I’m hellbent on paying my mortgate off super-fast, my wife is concerned I won’t relax afterwards and will become hellbent on whatever the next thing is, probably some arbitrary networth figure.

  9. 9. ashley

    Behavioral Finance and the psychology of money are new loves of mine. I would love a copy of this book. Thanks for the chance at winning one.

  10. 10. RI

    The book title is attractive. Count me in please.

  11. 11. Millionaireby45

    Sonds like an interesting read.

  12. 12. Richard

    Sounds like a great read. Thanks for the contest.

  13. 13. Terry

    In.

  14. 14. Terri

    Me too!

  15. 15. Nora

    Sounds like a good read. I just finished reading my last book and this sounds like a good one to be my next read.

  16. 16. Gerry

    Count me in.

  17. 17. Dana

    I hope I win the book!

  18. 18. Anthony

    Sign me up. Thanks

  19. 19. Sampson

    Me Win Please! ;)

  20. 20. tom

    count me in dude!

  21. 21. ldk

    I’m in.

  22. 22. Sam Li

    Sounds intriguing! I’m in.

  23. 23. Lyne

    This sounds like a very interesting book. Thanks for the opportunity!

  24. 24. Nick

    Count me in please

  25. 25. Brian

    Count me in please!

  26. 26. Leah

    Money psychology? Fascinating. I’m always interested to try to figure out why people act the way they do. Sounds like a great read!

  27. 27. Michael

    Sounds like a good book. Add me to the list, thanks!

  28. 28. Joel

    sounds like an interesting read.

  29. 29. Frank

    I love money , let me in

  30. 30. Eylon Zemer

    I would love a copy of the book. Sound quite interesting.

  31. 31. Sean

    I love a good giveaway!
    Im reading the 4 hour work week right now & Im finding it to be a bit of a load of crap. So I could use something new!
    S.

  32. 32. ryan

    i would love to read this and pass it along.

  33. 33. Rose

    I anticipate the read…

  34. 34. Mike

    The book sounds pretty interesting.

  35. 35. Julie

    I would love the opportunity to explore hidden meanings I associate with money. It is about time that someone explained the psychology behind money.

  36. 36. Gwyneth

    I would love a copy of the book!

  37. It’s on my reading list for my new website. Would definately love to have a copy. I’m in Canada!

  38. 38. Luc Richard

    I would love a copy of the book! Thanks

  39. 39. Tania

    The book sounds great! I’d love to win a copy.

  40. 40. Renate

    Your description of the book certainly makes me think about why and how I spend my money and also how I feel as self-employed asking for payment for my services. I realized that there is lot more to this than I originally thought and that I definately need to look into this further. Thankyou for suggesting the book.

  41. 41. JamesD

    Free finance knowledge. Sign me up!

  42. 42. Ken

    how one does anything is how one does everything, so its good to find out the root of ones decision making when it involves money, hopefully then become more aware of this and make better financial decisions in the future.

  43. 43. Sam

    All my life, I have tried to understand the psychology of money and how it affects people’s behaviour.
    Maybe this book is the answer. I would love to win it, read it and add it to my financial book collection.
    Cheers,
    Sam

  44. 44. Naveen

    Making a comment

  45. 45. Tony

    Count me in! thanks

  46. 46. Rebecca

    I want the book.

  47. 47. Allison

    Very interesting topic – I’ve heard that risk tolerance shifts seasonally, altering portfolio structures (equities vs. bonds) and overall yields over time. We should all learn more about this to invest to our best ability!

  48. 48. Aaron

    Hope I win!

  49. 49. Paresh

    This book seems to expands on why human beings are sometimes pound wise million foolish. Would love to read it hopefully by winning the free copy.

  50. 50. Neeraj

    Please count me in.

  51. 51. Aaron

    Count me in!

  52. 52. Rick murphy

    I would appreciate this book . Thanks

  53. 53. Christian

    Hi ! I want the book !

  54. 54. david

    sounds like a book everybody wants but is afraid to ask/read!

  55. 55. Sandra

    I have always thought that my outlook on money, what I’m ‘entitled’ to, and what financial security I need (in short, my money story), impacts my decisions relating to investments/saving and spending. The books sounds like a fabulous read.

  56. 56. canucktuary

    I’m in

  57. 57. nobleea

    pick me! pick me!

  58. 58. BF

    Sounds like a great book. Count me in!

  59. 59. Chris Cole

    Sounds like an interesting book.

  60. 60. Alexandra

    Thanks for the chance to win the book.

  61. 61. Erin

    Looks like an interesting read. Fingers crossed.

  62. 62. Brian C

    Count me in the draw too please!

  63. 63. Brian

    It sounds like a great book. Good reading for the train. Free is always nice.

  64. 64. Brian

    Sounds like a great book!

  65. 65. Brian C

    Sounds good..please count me into the draw!

  66. 66. Brad

    Sounds like a good read – looking forward to reading it!

  67. 67. Allen H.

    Sounds like a good read. I’m interested.

  68. 68. Rob

    Enter me please

  69. 69. moneymagnet

    Price is right :-)

  70. 70. Terri Axani

    Sounds great!

  71. 71. everbonac

    Got this book from my local library.

    It’s a great ready.

  72. 72. Judy

    To understand our beliefs re: money would help in making those financial decisions.

  73. 73. millionnaireMountain

    I should have this book in my financial library.

  74. 74. C Ola

    Count me in.

  75. 75. Elaine M. Tarrant

    Would love to win a copy of this book! Count me in, thanks!!

    Elaine

  76. 76. Garbor

    Sounds like a good read!

  77. 77. Jason

    Should be an interesting read!

  78. 78. Adam

    Love a copy.

  79. 79. SGilbert

    Understanding ones value is so much more important in order to proper manage their money. A value-based conversation with clients always helps to better understand their spending and investing behaviour.

    Definately interested in winning a copy of this book, I think it’s a must for any serious Advisor

  80. 80. Carter

    This book seems very interesting, I’d love to get my hands on a copy

  81. 81. AG

    Sounds extremely interesting. Can you imagine teaching this knowledge to kids in school before they are teens? What would our world look like if our kids are financially literate, have passionate goals and desires, financially independent and creativeat early age and have a phenomenal relationship with money?

    Thank you to all of you for this opportunity.

  82. 82. Michael

    This book sounds like a good read. Please count me in for the giveaway.

    Cheers,

    Michael

  83. 83. Mike

    i’m in

  84. 84. James

    Book giveaway…sounds good.

  85. 85. Marianne O

    Love the blog. Interested in the book. Thanks for the opportunity!

  86. 86. T. Lu

    Very interesting read indeed!

  87. 87. Eric

    I wouldn’t mind a copy of that! Lets try winning it first…..

  88. 88. MR

    Pick me pick me

  89. I’d love to be included in the draw.
    Why not an extra copy for RSS subscribers too???

    I cancelled my email subscription and replaced it with an RSS feed.
    =D

  90. 90. John Sanderson

    I always thought my money “story” came about from observing parents who had lived through the depression and from growing up in a fairly impoverished part of the province. As I grow older, I am starting to observe patterns in my friends, colleagues and clients and ponder why my path has been so different (read: successful). Would love to read the book as I’m sure there are many other markers along the wealth journey.

    Will suggest my local library buy a copy.

    John in Kitchener

  91. 91. Tony J.

    lol I hope I win XD

  92. 92. M Hawk

    Put me in the draw please!

  93. 93. Christine

    Sure sounds like an interesting read to me – count me in!

  94. 94. Christine

    Sure sounds like an interesting read to me – count me in!

    Thanks!

  95. 95. Naomi

    Schools, teachers and parents often encourage the learning of languages other than English, as a key to additional fulfillment and well-roundedness in life – - we should also introduce our children to ‘money’ language. I’d be interested to read this book … if not to help myself, then to help my kid down the road.

  96. 96. Nicole

    Hope this book can help bring new prospects into how we as individuals value money, and make money plans that make sense to us. I would love to win a copy. Thank you FT

  97. 97. Broke MBA

    Sounds like an interesting book! Would love a copy!

    Thanks

  98. 98. Greg Wcislo

    Would be good addition to my book collection

  99. 99. Greg Wcislo

    Would like to add to my book collection

  100. 100. Darryl O

    Thanks for the opportunity. I would love this book for my collection

  101. 101. Greg Wcislo

    Sound like an interesting read.Would like to add to my book collection

  102. 102. Greg

    Really sorry about the duplicate entries, system kept saying “duplicate post exists” and seemed not to post anything… Doh!

  103. 103. Sarah

    Thanks for the website… and for the draw!

  104. 104. Barry Fence

    This is definitely a book that my wife and I need as we are on opposite ends of the spectrum financially: I’m trying to feather my nest while only spending on essentials while she’s a full-blown consumer… Thanks for the opportunity to win a book.

  105. 105. Kevin Beitel

    Interesting to see how Frugalness falls into my money story… Sign me up to find out how.

  106. 106. Narin

    Looks it is a must read. Thank you.

  107. 107. SilverEggplant

    Sounds interesting- would love copy of book! Thanks for the review.

  108. 108. Jack

    thanks, the book will come in handy

  109. 109. dnaman

    Wish me luck!

  110. 110. Erick

    Sign me up!

  111. 111. Dave

    Sounds interesting, somewhat different from the traditional financial planning books.

  112. 112. Vince

    sounds interesting, count me in !

  113. 113. Steve

    I’m in need of a good read.

  114. 114. Brenda Collings

    As the Canadian songwriter reminds us – “everyone has a story”
    And this would include a Money Story.

    I look forward to reading this one, thanks for the introduction.

    Brenda

  115. 115. agaver

    Sure would love to receive a free copy! Please sign me in :)

  116. 116. Tom

    Do we really want to know how we form such decisions? The revelation could be quite unnerving and possibly counterproductive.

  117. 117. Caitlin

    Please include me! I have been wanting to check out this book!

    Aw, only email subscribers get another entry? I only do RSS. Email is so clunky compared to RSS!

  118. 118. comeleon99

    Great way to generate comments.
    (and count me in too)

  119. 119. Vancity1

    Add me in please….

  120. 120. Miya

    I would like to be added…
    Thanks,

  121. 121. Henry

    Happy Thanksgiving.

  122. 122. Ludy

    Interesting.

  123. 123. Blitzkrieg

    Sounds good. Sign me up.

  124. 124. Rishi

    Am in – thanks!

  125. 125. Kevin

    Count me in… Thanks.

  126. 126. CuriousReader

    I’m in!

  127. 127. Chris

    i love free stuff

  128. 128. In the Money

    Sounds interesting – please include me in the draw! Thanks!

  129. 129. Taipopo

    I’m in!

  130. 130. Patrick

    Sounds interesting to me. Thanks.

  131. 131. Simarpreet

    I am interested in this book to

  132. 132. Brent

    Sounds interesting! I would love a copy.

  133. 133. Briefcases

    This sounds like a great, well-structured book. I know I could definitely use some help in dealing with how I think about money. On one side I think of money as something that can make me happy, meanwhile I realize that I don’t necessarily need a lot of money to be happy. So I am still trying to figure out how to properly prioritize money.

  134. 134. Dane

    Would definitely be interested in reading this one as I think I’ve got a few issues of my own around money ie. an irrational fear of not having “enough”.

  135. Sounds interesting, put me in.

  136. 136. Nanners

    I’m just starting to learn about investing & would love to win a copy of this book to help me start my journey.

  137. 137. Voodoo

    “Show me the Money book!”

  138. 138. JJ

    Count me in! I’d love to get a copy of the book.

  139. 139. Cara

    Having worked with people who literally created their own money issues -underearning, overspending, etc. – based on their past money history, I look forward to reading the book. Thank you for bringing it to our attention.

  140. Can I also enter.

    Thanks.

  141. 141. slickster

    Sounds like a great read! Make me a winner!!!

  142. 142. RiskAverse

    my library is great but I won’t see this for years!

  143. 143. Amy

    Money psychology? Money is the most important impat on every decision I made~ Would love to read more bout the meaning of Money~ Thank you for the opportunity~

  144. 144. Morgan

    This book looks great!

  145. 145. Jim

    It would be interesting to see how money psychology plays out with gambling addiction therapy…any connection you think?

  146. 146. kayo

    Please count me in for the draw, thanks!

  147. 147. RS

    Count me in

  148. 148. AL

    I am in

  149. 149. Corey

    Maybe I’ll get lucky.

  150. 150. Kate

    I would love to win a free copy.

  151. 151. Lianne

    Money and I do not have a good relationship, I’m afraid. I would love to learn more about how the psychology of money and maybe make that relationship a little healthier. Pick me, pick me! :-)

  152. 152. ashvin

    Sounds intriguing! I’m in.

  153. 153. Ricky

    The book look very interesting. I would love to get hands on this one.

  154. 154. callsignjo

    Money psychology is something that everyone grapples with on a constant basis. Sign me up!

  155. 155. TKO

    Thanks for all the interesting articles you’ve written, they’ve been a great benefit!

  156. 156. Stephanie Hunter

    Would love to read.

  157. Hi,

    It really seems to be a wonderful book, as money psychology is also a great interest of mine. It also gives me a great idea to develop my strategy according to the money prospects in my business.

    Thanks for introducing it.

  158. 158. LXS

    The Lucky WINNER is……….

    Thanks!!

  159. 159. Quick Lunar Cop

    I’m always interested in a free book!

  160. 160. Steve

    FREE BOOK coming my way – I CAN FEEL IT! or maybe that’s my money personality talking…..

  161. 161. Sethi S

    does sound like a great read. winning it would be very satisfying – as I’ll be following the principals of the book – saving money

  162. i’d like to read it, i wonder what my story is?

  163. 163. Chris Watts

    Interesting take from a different angle. Sounds like a valuable addition to the range of books of this genre.

  164. 164. Linda Braid

    Through a meditation course I attended, I purchased a tape on “Poverty Consciousness” which was to help me to eradicate my hangups about money. I listened to it on my walkman while I shopped in thrift stores!

  165. 165. Aaron

    Would love a copy!

  166. 166. Asher

    crossing my fingers!

  167. 167. fillalph

    Really enjoy the blog and should start reading again :D

  168. 168. gene

    166. I guess I’ll sign up for email to double my fun.

  169. 169. Ryan Price

    Would love a copy

  170. 170. Ryan Price

    Would love a copy, sounds like an interesting read!

  171. 171. Robert Levesque

    Looks like a great read!

  172. 172. Hari

    Nice try.

  173. Ohh great I’m in! :)

  174. 174. kristel

    I’d love to win a copy!

  175. 175. Melanie Samson

    Sounds great!

  176. 176. Benny

    Thanks for offering a synopsis of the book. Appreciate your generosity in giving away some books!

  177. 177. Clark

    I’m in – thanks for the offer

  178. 178. Charlie

    Intriguing treatment of money.

  179. 179. pappy

    sounds interesting.

  180. 180. Sharon

    I always think about how to increase my portfolio but not why I do what I do with money …the book will be an interesting read.

  181. 181. Richard

    this book would be a great read

  182. 182. Carolyn

    would love a copy!

  183. 183. Marina

    This sounds like a great read, a very different take on personal finance.

  184. 184. lindahfx

    This sounds very interesting. Count me in!

  185. 185. Northern Alex

    Cool. I want to learn another language: MONEY seems to be a good one! :o)

  186. 186. sarah

    Sounds like a great book, I would love a copy. Please sign me in! Thank you! Love your blog, very interesting content.

  187. 187. Bob

    Sounds extremely interesting. Count me in. Thanks.

  188. 188. Mark

    Sounds like a great read, I would enjoy a copy.

  189. Thanks for the giveaway!

  190. 190. Mike Lewis

    I am very interested. Count me in!

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