Recently, a client remarked that he thought he was suffering from financial ADD. Attention Deficit Disorder (ADD) is a medical condition that is normally associated with children and adults who exhibit inappropriate levels of impulsivity, inattention, lack of focus and sometimes hyperactivity.

His rationale for making this diagnosis was his track record of starting small enterprises upon a whim, with minimal success. He also reported that he usually became distracted by what appeared to be ‘hot’ new opportunities, at the expense of the business venture in which he was already involved.

While I initially laughed at his declaration, I reflected on the concept of financial ADD and realised that when it came to their money affairs, many people could really be suffering from symptoms similar to the real disorder. Let’s look at some ways in which financial ADD could be affecting your life. Continue reading Do You Have Financial A.D.D.? →