Overcome Financial Trauma and Thrive - LIVE From FinCon 2024 (SB1595)

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