Money beliefs are learned from childhood from "summary" of The New Psychology of Money by Adrian Furnham
Our beliefs about money are deeply ingrained within us from a young age. We absorb attitudes and behaviors towards money from those closest to us - our parents, siblings, and caregivers. These beliefs are passed down from generation to generation, shaping our own understanding of money and influencing our financial decisions. Children are like sponges, soaking up information from their environment. They observe how money is earned, saved, and spent within their family unit, and internalize these behaviors as normal and acceptable. If a child grows up in a household where money is seen as a source of stress and conflict, they may develop a negative attitude towards money. Conversely, if they are raised in an environment where money is managed wisely and used to create opportunities,...
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