Emotional Finance: Navigating Feelings and Wealth

This chapter explores the emotional facets of financial decisions, highlighting the balance between positive and negative feelings in shaping one's financial outlook. It emphasizes the role of a financial therapist in aiding individuals, especially those transitioning to financial independence, to redefine their values and embrace meaningful spending.

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Are you building wealth but feel like you can never enjoy it? Do you struggle with money, fearing you carry the same poor financial habits as your parents? Whether you’ve got a lot of money or a little, many of us face the same mental financial challenges—anxiety, shame, and stress—but it doesn’t have to stay this way.

Today’s guest is living proof that change is possible. After completely turning his financial life around, from maxed-out credit cards, a rock-bottom credit score, repossessions, and empty bank accounts, to achieving financial success, he now teaches others how to do the same.

Steven Hughes, a money therapist, focuses on uncovering the financial beliefs shaped during childhood. Steven recognized that the negative money mindset affecting him in his youth also impacted countless others. To address this, he founded the non-profit “Know Money” to help people cultivate a stress-free, anxiety-free, and guilt-free perspective on money, empowering them to achieve true wealth—both mentally and financially.

Do you feel like, even though you’ve got money, you’re constantly worrying or unable to keep a cent in your bank account? Steven provides practical tools to help you finally break free from an unhealthy money mindset.

In This Episode We Cover

How to find the “root” of your money fears and address it once identified

Why some people with extraordinary incomes struggle to save money

Healthy vs. unhealthy financial emotions and ways to stop feeling guilty about success

Tools to manage your emotions around money so you can truly enjoy your wealth

The “family fund” that empowers you to give generously without being taken advantage of

And So Much More!

Links from the Show

Mindy on BiggerPockets

Scott on BiggerPockets

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