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Mental Health and Financial Literacy  


Threefold Living
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Two major taboo topics in our communities are mental health and personal finances. When it comes to
these topics most people rather put their heads in the sand rather and deal with them straight on.
When addressing personal finances, many people are overwhelmed by the amount of information
available to supposedly help them manage their monies better. Unfortunately, many people fail to
realize financial literacy and financial education are not taught by the main stream education systems
and what they endorse as financial literacy is financial practices yet not true literacy to understand the
systems that drive the financial and economic environments of this country let alone globally. According
to the most recent studies conducted, over 95% of the world wealth is controlled by approximately less
than 5% of the people. If the general population had access to try financial literacy and education,
Wouldn’t more that 5% control so much of the world’s wealth? One of the main components to achieve
true financial literacy is mental capacity.
Literacy is defined as having the ability to acquire competency in certain subject areas. Financial literacy
is to have competency in the subject of finances personal, corporate or municipal. If there was a true
competency in financial matters the world’s wealth would be more equitably distributed. Our
governments cannot even serve as an adequate model for financial decision making. Financial literacy is
capable of being achieved when open to changing the way we mentally process and deal with change.
Mental capacity is component to achieve literacy of any type. Declining mental health is a very relevant
issue in our communities. The fact that mental illness cannot be seen physically makes it more
challenging for people to accept, recognize and address. Mental illness impacts everyday lives,
decisions, emotions and actions. With mental disorders, many chose to ignore or not solicit help.
Mental illness is an illness that needs to addressed by medical practitioners. Many cultures discourage
medical assistance with mental health issues. The problem is when these issues are not addressed they
can manifest into serious problems for not only the individual but for their families and communities.
The reason financial issues and mental health issues must be examined both individually and combined
is because they can be components of each other. Most people make financial decisions based upon
thoughts or emotions. If either of those items are flawed by disorders and illness, financial decisions can
have dire consequences. Emotional spending, irresponsible retail therapy and drastic overspending can
be results of both mental, spiritual and emotional disorders.

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