Wired For Wealth Summary

Wired for Wealth by Brad and Ted Klontz, and Rick Kahler is a phenomenal book on the psychology of wealth building. It points to the different mindsets people have about wealth that can keep them from reaching their full potential. This book also shows ways you can change these mindsets to allow for easier wealth building. This was a brief, understandable, and enjoyable book that I would recommend to anyone who is feeling stuck with their finances. …show more content…
One way that people with ample or substantial money can be kept in poor spirits is by underspending. Even though they have the money, they may be motivated not to or even scared to spend it. Not spending a little extra money on things they enjoy can cause one to be unhappy with their life. People who do this may have money scripts such as, “money should be saved not spent” or “it is extravagant to spend money on yourself.” Another way that money scripts can keep you in poor spirits is through compulsive hoarding. This disorder can happen to people who both overspending and underspending. Compulsive hoarding is not always as extreme as is shown on television shows. Sometimes, it can just be buying a couple of extra things here and there, until they accumulate to an unnecessary excess. People with this problem can have money scripts such as, “more money will make me happier,” and “you can’t trust people about