Aboriginal cultures all over the world seem to have discovered the same system for trapping certain kinds of prey. It’s called a monkey trap. One of the most common forms for a monkey trap is a hollowed out coconut secured to a tree with bait inside. When the monkey puts a hand inside and grabs the bait it’s all over. Either the monkey has to release the bait or it’s caught. And, of course, the monkey really wants whatever it thinks it has captured so it won’t let go.

The behemoths of Wall Street have set money and monkey traps for Americans. The proof is in evident in the sub-prime mess. The negative savings rate demonstrates the results. The fact that 93% of retiring Americans live at a lower income level; that 58% of rely on family, friends and government for substance – proof of the money and monkey traps that have captured so many of us.

What are these traps? They are the shibboleths – the oft repeated mantras – that Americans accept as true just because they are oft repeated. If you want to achieve peace of mind about money, you have to let go of the apparently true beliefs about money that the Wall Street gang keeps forcing on our conscious and unconscious with advertising and through their minions. Pema Chodron, an insightful Buddhist teacher and author, says it this way; “The truth you believe and cling to makes you unavailable to hear anything new.”

Take a look at the Table of Contents of Money for Life…in good times and bad www.TheMoneyForLifeBook.com and see if there isn’t something there that might help you avoid a money/monkey trap.

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