*In his new book “The Wealth Cure: Putting Money in its Place,” (Gotham Books, $26), New York Times bestselling author and actor Hill Harper helps readers discover how to put money in its place and use wealth-building as a tool for joy and fulfillment.
As he began the project, Harper was blindsided with a diagnosis of thyroid cancer. He soon learned that curing one’s relationship with money and conquering a grave illness had some parallels, according to the Atlanta Journal-Constitution.
“Today, if we believe the doctors, I am doing pretty well,” Harper told the publication. Early detection worked in his favor, he said, as did extensive research and second and third opinions. He also retained a positive attitude. “There were times when I was down, but a positive attitude goes a long way toward healing,” Harper said.
According to Gotham Books, The Wealth Cure, “presents a revolutionary new definition of wealth, motivating readers to not only build financial security but to also achieve wealth in every aspect of their lives.
“Using his own journey as a parable, Harper inspires the reader to evaluate their values while explaining the importance of laying a sound financial foundation and how to recognize the worth of your relationships and increase the value of your interactions with the people in your life. Drawing on his personal recollections and true stories from family and friends, Harper helps readers begin to see money not as a goal but as a tool that provides freedom for following their passions. The keys include investing in yourself, tapping the resources you need, and taking responsibility for how those resources are used.”
In an interview with the Atlanta Journal-Constitution, Hill shared a few of his thoughts on how we can all start healing our wealth.
Q: Your last book was about romantic relationships. What are some links between romantic relationships and money?
A: As I was doing research for the book “The Conversation,” what I found out is what a lot of people don’t talk about. The number one thing couples argue about is money. Dealing with the issue of money can be transformative in terms of our own personal relationships and our own lives.
Q: What is the biggest financial mistake people make?
A: The number one biggest financial mistake people make is carrying any type of credit card debt. It is a crippling type of debt. It locks you up in ways that are catastrophic. Sometimes it gets to a point where you can’t get yourself out from under it and you pay the minimum from month to month. Credit cards were invented for convenience and then they became a profit tool once we started spending money we didn’t have and started carrying a balance. The folks who gave you that card want you to pay the minimum. They don’t have the incentive to help you get out from under that debt.
Q: What is one key thing anyone can do in this economy, regardless of the amount of his or her finances, to put themselves in a better financial position?
A: Even if you are living check-to-check, make a budget, a very clear concise budget, where you lay everything out in its own individual category. Once you do that, you can start to move things around. Even given the same amount of money, you can begin to move around your spending. There is a way to be strategic about it.