Catching Up to FI

Money Scripts: Don't Get Scrooged! | Brad Klontz | 175

26 snips
Nov 2, 2025
Dr. Brad Klontz, a financial psychologist and bestselling author, shares insights on the psychology of money and its impact on behavior. He explains why many financial issues stem from mindset rather than math skills. Klontz highlights four money scripts—avoidance, worship, status, and vigilance—and discusses how they affect our financial health. He emphasizes the power of an internal locus of control for wealth building and encourages listeners to redefine their relationship with money. Visualizing financial goals can lead to better savings, offering a no-nonsense roadmap to financial freedom.
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ANECDOTE

Bathroom Moment That Sparked Ambition

  • Brad Klontz remembers being blown away at age 11 when a friend’s house had two bathrooms and a two-story home.
  • That childhood moment became his first concrete financial goal and a lasting marker of 'being rich.'
INSIGHT

Poor Mindset Vs. Being Broke

  • Klontz distinguishes 'poor' as a mindset and 'broke' as a temporary financial state.
  • A poor mindset can be infectious and will keep people broke long-term if not changed.
ADVICE

Find A Relatable Mentor Fast

  • Find a mentor or someone a step ahead you can relate to and model.
  • Adopt the belief 'if they can do it, I can do it' to unlock motivation and actionable learning.
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