Are You On Speaking Terms With Your Wallet? (SB1642)
Feb 10, 2025
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Shannah Game, a certified financial planner and author of "Unraveling Your Relationship with Money," joins the conversation about the emotional ties we have with our finances. They explore whether you’re in a solid relationship with your wallet or just flinging cash around on impulse buys. The chat dives into how financial habits can affect dating prospects, alongside laughs about AI's questionable stock market predictions. Plus, they share tips on rewriting your money narrative for a better financial future!
The podcast highlights the emotional baggage people carry regarding their finances, likening it to nurturing a romantic relationship with money.
Listeners learn the importance of building healthy financial habits that can positively influence personal and dating life, reflecting their money mindset.
It encourages confronting financial fears and creating a 'money manifesto' to empower individuals in reshaping their relationship with finances.
Deep dives
Understanding Small Business Insurance
Small business insurance is crucial for entrepreneurs looking to protect their ventures. It provides financial security against unforeseen losses that may arise during business operations, such as property damage or liability claims. For example, as small business owners focus on their passions and growth, having the right coverage allows them to operate without constant worry about potential risks. Local State Farm agents can offer personalized guidance, helping business owners choose the most suitable coverage options to ensure their businesses thrive.
The Importance of Work-Life Balance in Investing
Investing often becomes overwhelming, akin to a second job for many individuals. However, platforms like Betterment streamline the investing process, allowing users to automate their investments and savings without constant oversight. This automation promotes work-life balance by enabling investors to focus on what truly matters in their lives while their money remains diversified and optimized. By leveraging technology, Betterment reassures users that they can effectively grow their wealth without the emotional strain of traditional investing.
Navigating Relationships with Money
The podcast discusses the emotional connection people have with their finances, emphasizing the need to cultivate a healthy relationship with money. Certified financial planner Shawna Game presents the analogy of dating one's wallet, highlighting how individuals often experience negative emotions toward their financial situation. By analyzing one’s feelings about money, listeners can improve their money management and overall financial health. Ultimately, this approach encourages people to treat their finances with care and respect, much like nurturing a romantic relationship.
Evolving Concepts of Wealth
The discussion addresses how perceptions of wealth have evolved, particularly regarding external displays versus genuine financial security. Shawna shares personal anecdotes about prioritizing traits such as emotional connection and happiness in a partner over material wealth. This shift in mindset promotes healthier relationships with both partners and finances, leading individuals to focus on long-term happiness rather than short-term status. The conversation underscores the importance of well-rounded financial health that values experiences over possessions.
Breaking Down Financial Barriers
The podcast emphasizes the significance of confronting financial fears, such as avoiding checking account balances or fearing discussions about money. Shawna shares her journey toward overcoming anxiety about personal finances, encouraging listeners to face their financial realities to foster personal growth. This process involves creating a 'money manifesto' to establish healthy beliefs and behaviors toward money management. The underlying message is that addressing and changing one’s approach to money can lead to empowerment and a more abundant life overall.
Swipe right on financial stability or get ghosted by your savings? While Joe's mom yells upstairs about who left the empty milk carton in the fridge (seriously, who does that?), we’re diving into the messy, complicated, and sometimes hilarious world of your relationship with money. Are you in a stable, long-term commitment with your finances, or are you stuck in a toxic on-again, off-again affair with impulse spending?
Special guest Shannah Game, certified financial planner and author of Unraveling Your Relationship with Money, joins us to decode the emotional baggage we bring to our bank accounts. Meanwhile, Doug swears he’s figured out how to “game” the stock market using AI—spoiler alert: it involves a Magic 8-Ball. We also tackle some questionable dating preferences (because who doesn’t want to know if their financial habits make them swipeable?) and unpack the latest market shake-ups.
In this episode:
🏈 Super Bowl takeaways and why Doug insists commercials count as “investing research”
💰 Your financial habits might just be the biggest red flag in your dating life
🎙️ Shannah Game on money, mindset, and making smarter choices
💔 Rollercoaster relationships—with your wallet and beyond
🧐 Money manifestos: How to rewrite your financial story (without Mom intervening)
🤖 AI's impact on investing, and why OG isn't buying it (literally)
📈 How to keep your portfolio from ghosting you
🤯 Hidden track: Doug’s latest deep dive into bizarre facts—this time, dinosaur vomit
Will your money habits lead to a lifetime of wealth—or will your wallet break up with you via text? Tune in and find out!
FULL SHOW NOTES: https://www.stackingbenjamins.com/relationship-with-money-financial-habits-sb1642
