The Financial Wisdom of Ebenezer Scrooge: 5 Principles to Transform Your Relationship with Money

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Discover the 5 Essentials to Financial Freedom and Prosperity!

Do you wish you had more money saved for retirement? Do you and your partner fight about money? Do you want to make an investment but are unsure in what? Do you make yourself promises about finances that you just can't seem to keep? If you answered yes to any of these questions, you may have a problem-but it's not the problem you think it is. Your money problems are a consequence of the relationship you have with your money. A problem in that relationship is what's really holding you back. In this compelling book, The Financial Wisdom of Ebenezer Scrooge, you will learn the breakthrough approach that is transforming lives-a method which The Wall Street Journal hails as "an innovative effort that combines experiential therapy with nuts-and-bolts financial planning." Finally, a practical plan to be your money's master instead of its servant.

Ebenezer Scrooge would seem an unlikely source from which to glean financial wisdom: He was a wealthy man who kept his living quarters cold to save shillings and lived a reclusive existence because he worried someone would take his money. However, Dickens' classic tale of how Scrooge found his true course in life is a powerful model we all can benefit from today.
Unlike other financial planning books that focus narrowly on the "dollar and cents" of money, The Financial Wisdom of Ebenezer Scrooge is an easy read. Written for the layperson, this book provides advice that is simple, transformational, and timeless.

Through the process they've used successfully with their clients, the authors will show you how to recognize ways unconscious Money Scripts may keep you trapped; how to deal with the relationship between your net worth and your self-worth; how to discover your authentic goals and values; how to permanently change self-destructive money behaviors; and, through 5 essentials of financial prosperity, how to leave a family legacy of financial wellness.

"These are five essentials indeed, they have literally changed my life Clients, friends, and family will all be receiving this book as a gift from me. They will no doubt thank me later."
-Kerry Hansen,
Career Management Specialist for Wynonna Judd

"The authors have hit a grand slam with this outstanding book. Brilliant, clear, moving... a must-read."
-Jerry Moe
M.A., National Director of Children's Programs, Betty Ford Center

"This will be on my clients' 'must-read' list."
-Elizabeth Jetton CFP(R),
Chairperson of The Financial Planning Association, 2005

151 pages, Hardcover

First published November 15,2005

About the author

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Paul T (Ted) Klontz, Ph.D., Associate Professor of Practice of Financial Psychology and Behavioral Finance at Creighton University's Heider College of Business, Founder and CEO of Klontz Consulting Group and Co-Founder and Director of the Financial Psychology Institute, is based in Nashville, TN. He has a 40+ year career in counseling, consulting and advising that has included authoring, co-authoring and/or contributing to six financial psychology related books (e.g. Mind over Money: Overcoming the Money Disorders that Threaten Our Financial Health, Wired for Wealth, Financial Wisdom of Ebenezer Scrooge, Facilitating Financial Health, Financial Therapy: Theory, Research and Practice).
He is a published researcher, professional speaker and trainer with corporate groups focusing on communication skill development and anxiety management. Ted is a designer and facilitator of workshops (including “Exquisite Listening”, “Ultimate Listening”, “Touching Mortality”, and “Experiential Tools for Change”); consultant to major entertainment management groups; consultant to the United States Defense Department, and has a private practice focused on working with professional athletes/entertainers and financial professionals.
He has served in expert roles as an advisor to Congressional Committees and is regularly quoted in national and international media including The Today Show, CNN, Good Morning America, Larry King Live, Oprah Winfrey, NPR, The Wall Street Journal, Money magazine and The New York Times. Ted's Healing Money Issues Workshop was featured on ABC News' 20-20 and Good Morning America. He was also featured on the Oprah Winfrey Network. He has served as one of the founding executive officers of the National Financial Therapy Association, and is Co-Founder of Your Mental Wealth, a direct to consumer personal finance brand.


Community Reviews

Rating(4.3 / 5.0, 16 votes)
5 stars
7(44%)
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16 reviews All reviews
April 17,2025
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Very accessible book about how we pick up messages and scripts as kids that subconsciously affect our behaviors and decisions as we move through life.
April 17,2025
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This is the type of book you can read again and again. I had difficulty identifying my money scripts the first time through, but it gets easier with time.
April 17,2025
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I really enjoyed this book as it interestingly married two loves of mine: financial therapy and Dickens. I think the only thing that led me to not give it a 5 was the lack of money scripts given (I think some readers would struggle with know theirs without a list to work from) as well as its dearth of actual quotes from 'A Christmas Carol'. This book uses the example of Ebenezer Scrooge to really drive home the concept of how one's beliefs (or scripts) about money can dictate their entire existence. I appreciated that this was written by authors with both financial and counseling backgrounds. It's incredibly easy to read, but gives lots of food for thought. It definitely made me look forward to reading the novel this book uses so well in the holiday season as well.
April 17,2025
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The title was very mileading for me. I thought this book would actually have clear, concise principals for investing/saving/getting the most out of your money; rather, it was a self-help type book for helping you determine what money "script" you subscribe to and why it's wrong. I wish they had actually included more of Dicken's words and descriptions of Ebenezer Scrooge. It was a disappointment.
April 17,2025
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Loved the creative approach and insights in this book, and even more the practical application. It helped me clarify my perceptions and shift some subconscious blocks.

Klontz has insights for the haves as well as the have nots. Obviously, Scrooge had plenty of money, but his ingrained perceptions ruined the quality of his life until the ghosts arrived and shared their ghoulish guidance. And there were options for Cratchit that could have greatly improved his situation long before Scrooge's transformation.

The book"s strength is the gift of awareness of our own money scrips as we examine the past, present and future. After identifying our own perceptions, there are suggestions for re-scripting, motivation, and transformative actions.

April 17,2025
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The advice in here was pretty basic, and this isn't my first rodeo with the idea of limiting beliefs around money. But one insight I found useful was the idea that Scrooge and Bob Cratchit were both screwed up in their approaches to money. Scrooge scrimped and saved so much, he lived like a poor person, even though that was his biggest fear. And Cratchit overspent like a maniac on the Christmas feast instead of buying Tiny Tim some medicine, and he undervalued himself enough to stay working for Scrooge.

There are lots of exercises in this book, and I'm sure it would have been valuable to do them, but I didn't.

Recommended/assigned by Alissa.
April 17,2025
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Ugh, I hated this book. It's condescending. The exercises are helpful, but made me paint myself in a harsher light than needed. My therapist had to work to show me that the version of myself this book brought out is an old version (Kim 1.0). The current version of me (Kim 2.0) figured most of this shit out a long time ago and is mostly okay in regards to money. This book made me feel like I'm a lot more effed up than I am. If this book gets recommended to you, read it, and do the exercises, but check any revelations you have about yourself with your therapist.
April 17,2025
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I wanted more. Stories about willpower and resisting immediate gratification perhaps.
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