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.
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insights INSIGHT
Money & Wellbeing
Being conscious of financial behavior improves well-being and control.
It reduces impulsive actions and promotes financial stability.
insights INSIGHT
Financial Anorexia
Financial and physical anorexia can stem from similar control issues.
Unresolved underlying issues can cause the focus of control to shift.
insights INSIGHT
Food & Money as Symbols
Food and money can represent internal self-views, not separate entities.
People use them to act out emotional issues, like filling emotional gaps.
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Vicky Reynal is a financial psychotherapist who deals with a wide range of issues, from overspending to money secrets and self-sabotage. Her book, Money on Your Mind looks at how we can develop a better relationship with money, because it pervades everything we do.
*Warning: We discuss some issues in the episode such as anorexia that some listeners might find it difficult listening to*
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This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life.