Summary of Let’s Get Honest About Our Money Problems

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Let’s Get Honest About Our Money Problems summary
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Rating

7 Overall

8 Applicability

7 Innovation

7 Style


Recommendation

Financial coach Tammy Lally lost her brother to the downward emotional spiral of “money shame.” Soon after, she waged her own battle with serious financial problems, only to emerge stronger and better equipped to help others through their financial difficulties. getAbstract recommends Lally’s moving, candid advice to financial coaches and mentors as well as anyone afraid to breach the code of silence regarding finances and money shame.

In this summary, you will learn

  • How your upbringing can trigger a cycle of emotional and financial problems,
  • How the taboos surrounding “money shame” perpetuate personal financial crises, and
  • Why you must let go of the past to improve your financial future.
 

About the Speaker

Money coach Tammy Lally wrote Money Detox. 

 

Summary

Since 1999, the suicide rate among 40- to 64-year-olds in the United States has increased by almost 40%. Personal finance problems, such as unemployment, bankruptcy or mortgage foreclosures, played a role in some 40% of the deaths. When financial coach Tammy Lally lost her brother to suicide, she began to explore her own complicity in the “money shaming” that contributed to his death. Lally’s own money shame eventually prompted her to unveil the uncomfortable cultural truths regarding financial problems and the cycle of emotional harm they produce.


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