money health weekly


Distorted Beliefs Can Negatively Influence Us


"Our core beliefs about ourselves and the world impact our mood, our behaviors, and our physiology."

-Mind Over Money, by Brad Klontz and Ted Klontz


Talking with a friend, he asks me what I do for a living. I tell him I work at the intersection of psychology and money, which kicked off a discussion about how the two are related. That leads to a conversation about apply mindfulness techniques to our finances and how it's beneficial to observe and feel our feelings without judgment, rather than try to push them away or ignore them.

Interested by that idea, he asks about our inner-critic. Specifically, he says he believes we all have an inner-critic that nags us to always do better. We have to embrace the critic, he believes. This is the critic that always tells him he's not good enough, he's not ready, things aren't going to work out, or he's not special - he just got lucky. He believes our goal in life should be to learn to dance with our inner critic.


I believe many of us feel this way, but I want to offer a different point of view. I do believe we all have an inner dialogue (well, not everyone). While it's true that our default setting is to partake in negative self-talk, with practice our inner-thinker doesn't have to be a critic.

Our Core Beliefs Matter

What and how we think matters. Our core beliefs impact our mood, our behaviors, and even our psychology. If we see the world in a negative way, we'll see things much differently than if we see the world in a positive way. These core beliefs act as the filter through which we see the world and how we see the world dictates how we react.