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Many people mistakenly assume that if they only had a job where they “made the big bucks,” they wouldn’t have to deal with these motional issues. They think that more money would eliminate the roblems that their impulse spending causes or that more money ould lleviate the burdens of economic hardship and the daily truggle o survive. But more money doesn’t usually solve the roblem. “In our seminars on money management,” says Jim hristensen, coauthor of Rich on Any Income, “we often quote a eorge Gallup survey which highlights four groups of workers (farmers, actory workers, business executives, and doctors). These our groups were asked if they felt they needed more income to make nds meet, and if so, how much. Every income group, from $15,000 to more than $200,000 annually, responded that they eeded about 10 percent more income to work things out.”3 From his, we can see that financial happiness has nothing to do with aking a large income. Individuals making more than $200,000 a year re just as likely to be financially stressed as those who make a odest income. That stress is not caused because people don’t bring ome enough pay, but because they do not understand their own motional reasons for spending money or because they have become victim of financially draining events due to poor planning.

When our lients are tempted to blame their salary for their financial problems, e like to point out the following:
It matters not how much you make, only how well you manage your money that counts.
Now let’s meet a ouple who were unable to manage their finances because they did ot understand the emotional reasons for their spending:

Doug nd Sally Hamilton: Victims of the Disease of Consumerism

Doug and ally Hamilton* had married young. They made a modest living in a ural community in the Southwest, Doug working at a parts supply ouse for a trucking company and Case History
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Money Mastery
Sally working in a dental office. They had three children. Both Doug and Sally had grown up without a lot of material security and both anted to provide their children with the things they never had as ids. This led to over-indulgence of their children giving them virtually verything they wanted, even if the family couldn’t afford it. The amiltons had inherited some land from Doug’s father and when they ere first married had built a modest home on that land without going nto debt. But due to poor spending habits, they had been forced to orrow money against the house and had a mortgage hanging over heir heads. They were also alienating other members of their family ecause Doug’s parents continually bailed the Hamiltons out of inancial problems. Every month they spent $500 more than what hey brought home and were close to $16,000 in consumer debt.

aken from : Money Mastery “10 Principles That Will Change
Your Financial Life Forever