The Seven Laws of Money

Book • 1974
In 'Seven Laws of Money,' Michael Phillips explores the psychological aspects of financial well-being, challenging the conventional belief that money equates to security in old age.

Phillips emphasizes that true security arises from networking with others and providing mutual support, highlighting the importance of community over mere wealth accumulation.

The book encourages readers to question societal myths propagated by advertising, such as the idea that instant gratification leads to lasting happiness.

Instead, it advocates for a balanced perspective where financial decisions are guided by personal values and a recognition of deeper needs beyond material possessions.

Phillips' insights prompt a reevaluation of the relationship between money, happiness, and genuine security.

The book encourages readers to engage in a dialogue with their money and delve into their motivations in relation to it.

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