Aja Evans, a licensed financial therapist with over a decade of experience, joins the host to discuss the psychological aspects of money management. They explore how childhood experiences shape financial habits and the guilt tied to financial mistakes. Aja reveals the benefits of financial therapy in navigating emotional complexities and highlights the importance of open conversations about money, especially within relationships. The duo emphasizes self-compassion in financial planning and the challenges posed by high-cost living areas, aiming to demystify financial anxiety for everyone.
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insights INSIGHT
Early Money Beliefs Matter
Money behavior is shaped by early beliefs formed by age seven or nine, often before handling money directly.
Financial therapy uncovers how early narratives impact adult financial habits and emotions about money.
volunteer_activism ADVICE
Communicate Financial Boundaries
Communicate openly about money comfort levels and set clear financial boundaries with friends and family.
Express what you're willing to do financially and what makes you uncomfortable to avoid misunderstandings.
volunteer_activism ADVICE
Spend Joyfully, If Financially Stable
Identify what brings joy and allow yourself to spend money on those things without guilt if financially stable.
Use affirmations to build comfort in spending and remind yourself it won’t harm your financial health.
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Today Dr. Dahle speaks with financial therapist, Aja Evans. Aja is a licensed therapist with over a decade of experience in the mental health industry. They have a fascinating conversation about the impact of our various behavioral issues when it comes to finance. They discuss the guilt and shame that can come from making a financial mistake, from having saved too much or not enough, and the impact of not being comfortable making boundaries or having open conversations about finances. They get into why financial therapy can be beneficial and a great deal more. We hope you find this conversation helpful and inspiring.
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The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor is for you!
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