Money, wealth, and happiness are not directly correlated. While having money provides choices and opportunities, it does not guarantee happiness or freedom from problems. Different people have different attitudes and relationships with money depending on their upbringing and financial experiences. True wealth comes from relationships, experiences, faith and health rather than just cash or possessions. Two women who had vastly different levels of wealth and financial security found similar levels of fulfillment in life, showing that happiness is determined more by perspective and appreciation for what one has rather than desire for more money or possessions.

1. Money
Wealth
&
Happiness
Larry K. & Lorna Collins

2. Why Do You Write?

3. 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

4. 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

5. 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?

6. 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

7. Money Attitudes
• Poverty Thinking
– We don’t have enough
– There’s none to spare
– I can’t afford to share

8. Johnny Carson and the Toilet Paper

9. 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

10. Money Attitudes
Lorna’s Childhood

11. Money Attitudes
Income Levels
40
35
30
25
20
15
10
5
0
Upper Middle Poverty

12. Money Attitudes
Income Levels
40
35
30
25
20
15
10
5
0
Upper Middle Poverty Us

13. Money Attitudes
• Abundance Thinking
– I have enough to share

14. 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

15. • Abundance Thinking
– I’m always finding money

16. Money Attitudes
• Abundance Thinking
– I’m down to my last hundred

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

18. Real Wealth
 Friends
 Family
 Memories
 Helping others
 Faith
 Health
 Simple pleasures

19. Happiness
A Tale of Two Women

20. Barbara Hutton

21. Renée Bondi

22. 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.

23. 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.

24. Happiness
“Happiness is not having
what you want
It’s wanting what you
have”