Overcome Financial Trauma and Thrive - LIVE From FinCon 2024 (SB1595)
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Description
Have you ever felt overwhelmed by your finances? Do you find yourself either making purchases as "retail therapy" or avoiding looking at your statements and online accounts? Or maybe, on the other end of the spectrum, you find yourself hoarding cash because you don't know when the next "rainy day" is going to arrive? In all of these cases and more, you might be experiencing financial trauma, a topic that is the focus of today's Stacking Benjamins live round table at FinCon 2024 in Atlanta, Georgia. Hosted by Joe Saul-Sehy and featuring licensed family and marriage therapist Wendy Wright, certified financial planner Lawrence Sprung, and Afford Anything's Paula Pant, the discussion dives into the deep-seated emotional aspects of money. You'll learn about the signs of financial trauma, such as neglecting finances, overspending, and hoarding, and how these behaviors can impact your life. The panel offers insights into addressing and overcoming these issues, emphasizing the importance of compassionate curiosity and seeking professional help when needed. Whether you're living paycheck to paycheck or have a significant net worth, this episode will guide you on the path to better financial health and well-being. RUN OF SHOW Opening Banter and Introduction Live from FinCon 2024 Meet the Panelists Diving into Financial Trauma Signs of Financial Trauma Scarcity Mindset and Personal Stories Cultural and Individual Financial Trauma Judgment and Financial Secrecy Inherited Wealth and Emotional Struggles Behavioral Finance in Financial Planning Building Compassionate Financial Relationships Recognizing Financial Trauma: Hoarding Societal Views on Hoarding vs. Saving Personal Stories of Financial Extremes Balancing Financial Planning and Living in the Present Diagnosing Money Hoarding and Anxiety Steps to Address Financial Anxiety Exploring False Connections with Money The Importance of Financial Planning and Adjustments Tracking Spending and Financial Awareness Principles of Financial Therapy When to Seek Financial Therapy Conclusion and Resources FULL SHOW NOTES: https://stackingbenjamins.com/overcoming-financial-trauma-1595 Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.StackingBenjamins.com/201 Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices
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