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Spendaholics: The Truth and the Treatment

  • Broadcast in Business
Jon Hansen

Jon Hansen


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"They claimed that (Michael) Jackson was a "spendaholic" who was, from 1999 to 2001, spending $35 million a year while earning $11 million to $12 million a year, and as a result was on the brink of bankruptcy." The above immediately brings to mind a lesson my father taught me when I was young that has served me well to this day. "Jon," he said "it doesn't matter if you make a million dollars, if you spend a million and one." This was one of those stop you in your track moments that causes you to step back and take a look at the bigger picture and consider the consequences of your actions. But is it as easy as just taking the time to think? Given that there seems to be a growing number of people trapped in their own "keeping up with the Johnsons" kind of personal hell, it would appear - at least according to the author of Frugal Living Freedom, that spendaholics "are missing something in their life." Or more to the point, "they have a great big hole inside of them, and they need to fill it with something that costs money." "If Dr. Phil McGraw were here" continued Frugal Living, "he'd probably tell you that spending money provides some sort of "pay off" for these people, and they need to keep spending to keep themselves satisfied." So what is the answer? All of Benjamin Fry's work across a range of services and media has one thing in common; he uses professional expertise to find a clear and simple way for you to enjoy a baggage-free life. Benjamin's background is in psychotherapy and anyone can benefit from his help and ideas. The results speak for themselves. You can see Benjamin in action on television in the BBC series Spendaholics. You can also connect with Benjamin here on the PI Window on Business as we talk about a problem that is perhaps far more common than many of us would care to admit. Please note that our toll free lines will be open to take your calls. Today could be the start of a new beginning!