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Making Money
S4E8: Therapist explains how to fix your money issues
Sep 2, 2024
In this discussion, financial psychotherapist Vicky Reynal shares her expertise on the emotional ties we have with money. She explores issues like 'financial anorexia' and the anxieties stemming from financial struggles. Vicky emphasizes the impact of childhood experiences on our financial behaviors and addresses the guilt and shame that often accompany financial success, particularly for those from working-class backgrounds. Listeners are encouraged to reflect on their habits and the emotional dynamics of money, ultimately seeking a healthier relationship with their finances.
01:19:49
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Quick takeaways
- Vicky Reynal highlights that societal expectations and upbringing create illusions about money that can hinder financial well-being.
- The concept of financial anorexia parallels eating disorders, showcasing how control issues manifest in spending and saving behaviors.
Deep dives
Understanding Financial Illusions
Many people hold illusions about money that stem from societal expectations and personal upbringing. These misconceptions can lead individuals to believe they should inherently possess financial skills, despite the fact that money management is often not taught. Vicki Raynall emphasizes that people's relationship with money influences their overall financial well-being and the choices they make daily. Addressing and understanding these illusions is crucial for developing a healthier interaction with money and avoiding impulsive financial behaviors.
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