TED Talks Daily The true cost of financial dependence | Estelle Gibson
Jun 1, 2020
Estelle Gibson, an accountant and financial coach, shares her empowering journey from financial dependence to independence. She discusses the dangers of losing control over personal finances, especially in relationships, and highlights the emotional toll of financial abuse. Estelle offers actionable advice for reclaiming financial autonomy and emphasizes the importance of awareness around these issues. Her insights aim to inspire others to take charge of their financial lives, breaking the cycle of dependency and fostering empowerment.
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Early Financial Education
- Estelle Gibson's father showed her the family finances, but told her not to tell her mother.
- At 16, she insisted on managing her own money.
Financial Dependence Despite Expertise
- Despite her accounting background, Estelle Gibson experienced financial dependence after her divorce.
- She had handed over financial control and was left with unaffordable debt.
Financial Dependence Defined
- Financial dependence happens when someone relies on another for money and feels trapped.
- It can be a choice, like delegating finances, or not, like job lock or abuse.