Book Freak

By Mark Frauenfelder

Book Freak #72: Reframe your "money" mindset

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Book Freak

November 16 · Issue #72 · View online

Short pieces of advice from books


In this issue of Book Freak, my Cool Tools colleague Claudia Dawson offers four excerpts from The Soul of Money: Transforming your Relationship with Money and Life:

The toxic myth of "more is better"
“More is better” drives a competitive culture of accumulation, acquisition, and greed that only heightens fears and quickens the pace of the race … When we believe that more is better, and equate having more with being more — more smart or more able — then people on the short end of that resource stick are assumed to be less smart, less able, even less valuable, as human beings. We feel we have permission to discount them.
Living in the context of sufficiency
Sufficiency isn’t two steps up from poverty or one step short of abundance. It isn’t a measure of barely enough or more than enough. Sufficiency isn’t an amount at all. It is an experience, a context we generate, a declaration, a knowing that there is enough, and that we are enough. It is a consciousness, an attention, an intentional choosing of the way we think about our circumstances. Sufficiency is an act of generating, distinguishing, making known to ourselves the power and presence of our existing resources, and our inner resources.
The definition of "true wealth"
True wealth, or well-being, can’t be found in a static balance sheet, no matter how large the accumulation of financial assets. Wealth shows up in the action of sharing and giving, allocating and distributing, nourishing and watering the projects, people, and purpose that we believe in and care about, with the resources that flow to us and through us.
Scarcity language vs Sufficiency language
Scarcity speaks in terms of never enough, emptiness, fear, mistrust, envy, greed, hoarding, competition, fragmentation, separateness, judgment, striving, entitlement, control, busy, survival, outer riches. In the conversation for scarcity we judge, compare, and criticize; we label winners and losers. We celebrate increasing quantity and excess. We center ourselves in yearning, expectation, and dissatisfaction. We define ourselves as better-than or worse-than. We let money define us, rather than defining ourselves in a deeper way and expressing that quality through our money.
Sufficiency speaks in terms of gratitude, fulfillment, love, trust, respect, contributing, faith, compassion, integration, wholeness, commitment, acceptance, partnership, responsibility, resilience, and inner riches. In the conversation for sufficiency we acknowledge what is, appreciate its value, and envision how to make a difference with it. We recognize, affirm, and embrace. We celebrate quality over quantity. We center ourselves in integrity, possibility, and resourcefulness. We define our money with our energy and intention.
Buy The Soul of Money by Lynn Twist on Amazon
Book Freak is published by Cool Tools Lab, a small company of three people. We run the Cool Tools website, a podcast, a video review YouTube channel, and a few other newsletters, including Gareth’s Tips, Tools, and Shop Tales, What’s in my bag? and Recomendo. You can support our work by becoming a patron via Patreon.
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