Making Money cover image

Making Money

Financial Psychotherapist: How do you fix your money issues?

Sep 2, 2024
Vicky Reynal, a financial psychotherapist and author of 'Money on Your Mind,' dives deep into the emotional complexities of our relationship with money. She discusses how childhood experiences shape adult financial behaviors and the psychological issues like financial anorexia and self-sabotage that arise. Reynal also addresses the guilt and shame associated with financial success, particularly for those from working-class backgrounds, and emphasizes the importance of teaching children about money responsibly.
01:19:49

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Podcast summary created with Snipd AI

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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