Mo Money #473 The Money Habits Keeping You Stuck w. Betsy Westcott
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Oct 22, 2025 Betsy Westcott, a seasoned financial wellness coach specializing in money psychology, dives into the emotions that govern our financial choices. She uncovers how fear, shame, and guilt can cloud judgment and shares strategies for overcoming money avoidance. By linking debt to personal goals, she reframes fear and highlights the importance of financial education. Betsy emphasizes celebrating small wins to combat perfectionism and the value of mindfulness to combat lifestyle creep. With insights on leveraging partner strengths, she offers practical tips for anyone looking to enhance their financial clarity.
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Client Transforms Wealth With Simple Moves
- A client earning $250K saved $17,500 in tax and gained nearly $35,000 in 12 months after planning changes.
- He sold an underperforming property, reinvested in a higher-value property, maxed super contributions, and improved his savings rate.
Money Lives In The Safety Brain
- Money sits in Maslow's safety level so financial gaps trigger deep emotional responses like fear, shame, and guilt.
- Those emotions shut down logical thinking and push people into autopilot money decisions.
Childhood Trauma Shaped Money Fears
- A high-powered executive felt money could 'disappear' after childhood trauma where her father died suddenly and an uncle lost his job.
- That early experience created a lifelong belief money wasn't safe and shaped her financial choices.