From the shelf · 102 money books
Does Mindful Money hold up?
Mindful Money (Campbell) is one of the 102 money books on The Money Shelf. It comes from the shelf’s earlier bookshop lists and the books that make specific claims. The shelf links it to 3 of the 22 claims that the book tests against official records from the United States, the United Kingdom and Australia. Each verdict below comes from that test.
Claim 7 · Linked to the book from a short publisher descriptionAssets or salary: wealth comes from owning assets
Weak diagnosisThe arithmetic is true, because wealth is held in assets and the households holding more assets have more wealth.
Read the full test →Claim 10 · Linked to the book from a short publisher descriptionMindset: belief creates wealth
Not establishedNo study shows that belief causes wealth, and the one study of manifestation belief and money found it linked to bankruptcy and risk-taking in a correlation of unknown direction.
Read the full test →Claim 21 · The book makes this claim401(k), ISA and super: use the tax-advantaged accounts first
Holds with conditionsEach country’s main account carries a tax treatment that an ordinary account lacks, which is income-tax deferral in the US, tax relief in the UK and a 15 per cent contributions tax against a 30 per cent marginal rate in the Australian example.
Read the full test →One book holds the whole shelf: 22 claims from 102 popular money books, every figure dated, every source named, and the arithmetic worked through for three countries.
Get The Money ShelfAll 22 claimsMore books from the shelf