ADHD Experts Podcast 522- Smart Money Habits for People with ADHD
7 snips
Oct 8, 2024 Otto Rivera is a certified financial planner specializing in helping individuals with ADHD manage their finances. He shares strategies to combat impulsive spending and offers advice on budgeting, highlighting the importance of emotional regulation and mental accounting. Rivera discusses how automation can streamline financial tasks, making it easier for those with ADHD to achieve their goals. He also addresses the need for educating young adults about financial literacy and managing challenges during life transitions, such as changing careers or approaching retirement.
AI Snips
Chapters
Transcript
Episode notes
ADHD and Financial Challenges
- People with ADHD often know what to do but struggle with execution.
- This difficulty is compounded by the complexity of modern financial systems.
Three Strategies for ADHD Finances
- Use positive mental accounting, focusing on things you value.
- Automate finances and leverage technology.
Mental Accounting for ADHD
- Write down your valued goals to reinforce their importance.
- Classify your spending by value to stay motivated.