“Money isn’t bad. Poverty is,” says Doug Lynam, author of the popular book, “From Monk to Money Manager: A Former Monk’s Guide to Becoming a Little Bit Wealthy — and Why That’s OK.”
Topics include how good political systems increase wealth, wealth-creation school programs, and what it looks like to have an abusive relationship to money.
Below is a quote from “Stressing Out the Poor: Chronic Physiological Stress and the Income-Achievement Gap” (Stanford University report).
Bottom line? Poverty and toxic stress are connected from the get-go.
“Childhood socioeconomic disadvantage leads to deficits in academic achievement and occupational attainment. It’s long been argued that such deficits arise because poor children are exposed to inadequate cognitive stimulation and to parenting styles that don’t encourage achievement. We don’t dispute the important role of these two variables. But we have outlined here evidence for a new, complementary pathway that links early childhood poverty to high levels of exposure to multiple risks, which in turn elevates chronic toxic stress. This cascade can begin very early in life. Even young babies growing up in low-income neighborhoods already evidence elevated chronic stress. This stress then accounts for a significant portion of the association between poverty and working memory, a critical cognitive skill involved in language and reading acquisition.”
money, finances, wealth, financial ptsd, money archetypes, poverty and stress, retirement planning
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