Conquering Financial Trauma and Developing a Healthy Relationship with Money

This chapter explores how childhood or past experiences can shape our beliefs and patterns around money, and the concept of frugality as both positive and negative. It emphasizes the importance of finding balance and aligning spending with our values.

Transcript

chevron_right

Play full episode

chevron_right

Transcript

Episode notes

Financial trauma is an extremely common roadblock on the journey to financial freedom. In fact, most people deal with this issue on some level, even if they aren’t aware of it. Whether your trauma patterns stem from your parents’relationship with money or an instance of financial abuse, know that there’s light at the end of the tunnel!

Welcome back to the BiggerPockets Money podcast! Today’s guest is Shannah Game—author, entrepreneur, certified financial planner (CFP), and host of the Everyone’s Talkin’ Money show. Shannah would be the first to tell you that her relationship with money has been far from perfect. Having grown up in a family where money decisions were always heavily scrutinized, Shannah has worked hard to not only address her own deep-rooted money trauma but also help others overcome similar traumatic patterns in their lives.

If your negative experiences with money are preventing you from achieving your financial goals, tune in as Shannah shares her expertise on an issue that is sorely overlooked today. In this episode, you’ll learn how to name and work through your unique money trauma, avoid your biggest money triggers, and get back on the straight and narrow toward financial freedom. You’ll also learn the most common signs of trauma to look for, as well as practical exercises you can use to get your financial fear under control!

In This Episode We Cover

The most common signs of money trauma to look for in your own life

How financial trauma is passed down through multiple generations

Two questions you MUST ask to uncover the root cause of money trauma

Working through money trauma patterns to reach your financial goals

Exercises to practice when experiencing a traumatic money-related event

Why you NEED to talk about finances with close friends and family members

And So Much More!

Links from the Show

BiggerPockets Money Facebook Group

BiggerPockets Forums

Finance Review Guest Onboarding