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THE M WORD: The Money Talk every Family Needs to have about Wealth and their Financial Future by Lori Sackler

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There Are Cultural Differences in How People Approach Money

Culture refers to the way people think, feel, and act. Geert Hofstede, a well-known researcher of cross-cultural groups and organizations, and author of several books, including Cultures and Organizations: Software of the Mind, has defined culture as “the collective programming of the mind distinguishing the members of one group or category of people from another.” Category, in Hofstede’s definition, can refer to nations, regions within or across nations, ethnicities, religions, occupations, organizations, genders, and even members of a nuclear family.

How did we acquire collective cultural programming? Not surprisingly, the clinical/organizational psychologist Dr. Hendrie Weisinger ...

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