MoneyWealth

&Happiness

Larry K. & Lorna Collins

Why Do You Write?

Why do you write?

• If your only goal is to become rich…

– This isn’t for you– Get a real job– Save like mad– Do something else– Hope for the best– Don’t count on it

Money

• What it is:– A means to an end– A vehicle for choice– Nice to have

• What it isn’t– A means to attaining happiness– A guarantee of freedom from problems– A solution to all problems

What is your Money Relationship?

• Did you grow up poor?• Or did you have everything you wanted?• Did you have to sacrifice?• Or was there always plenty?• Have you always had to struggle to make

ends meet?• Did you always feel financially

comfortable? • Were you told there wasn’t enough?

Money Attitudes

• Magical Thinking

– If I just had $ ______.00, I’d be happy– When I get _________, I’ll be content– With $________.00 in the bank, I’d feel

secure

Money Attitudes

• Poverty Thinking

– We don’t have enough– There’s none to spare– I can’t afford to share

Johnny Carson and the Toilet Paper

Money Attitudes

• Poverty Thinking

– I can’t afford it– I can’t ________ because I don’t have the

money– There’ll never be enough– I need to get mine, no matter what it

takes

Money Attitudes

Lorna’s Childhood

Money Attitudes

Income Levels

05

10152025303540

Upper Middle Poverty

Money Attitudes

Income Levels

05

10152025303540

Upper Middle Poverty Us

Money Attitudes

• Abundance Thinking

– I have enough to share

Money Attitudes

• Abundance Thinking

– There’s plenty for everyone– I have enough– There’s always more– I have enough to share – I can afford it, I just don’t need it

• Abundance Thinking

– I’m always finding money

Money Attitudes

• Abundance Thinking

– I’m down to my last hundred

Wealth

• What is it?– Cash in the bank– Equity in a home– Stocks and bonds– Inheritance– Retirement income– Something else

Real Wealth

FriendsFamilyMemoriesHelping othersFaithHealthSimple pleasures

HappinessA Tale of Two Women

Barbara Hutton

Renée Bondi

In 1923, who was: • 1. The Steel Titan?• 2. President of the largest gas company?• 3. President of the New York Stock Exchange? • 4. Greatest wheat speculator?• 5. President of the Bank of International

Settlement? • 6. Great Bear of Wall Street?These men were considered some of the world’s

most successful of their day.

What ultimately became of them?

• 1. The president of the largest steel company, Charles M. Schwab, died in debt.

• 2. The president of the largest gas company (AGECO), Edward Hopson, died in a sanitarium

• 3. The president of the NYSE, Richard Whitney, was sent to prison

• 4. The greatest wheat speculator, Arthur William Cutten, died of a heart attack preparing to go to prison.

• 5. The president of the Bank of International Settlement, Leon Fraser, shot himself.

• 6. The Great Bear of Wall Street, Jesse Livermore, also committed suicide.

Happiness

“Happiness is not having what you want

It’s wanting what you have”