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How money affects your mental health
Apr 18, 2024
Marriage and family psychologist Megan McCoy discusses the lasting impact of financial trauma on mental health and relationships. The podcast explores coping strategies, redefining money mindset, navigating financial infidelity, managing debt, and seeking guidance to overcome financial trauma.
30:21
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Quick takeaways
- Financial trauma can lead to negative self-talk and self-doubt affecting financial decisions.
- Financial stress is a top stressor for many individuals, impacting outlook on finances.
Deep dives
Recognizing the Impact of Financial Trauma on Self-Perception
Experiencing financial trauma, like losing money due to a mistake, can lead to negative self-talk and self-doubt that shape one's behavior and financial decisions. These self-critical conversations can become deeply ingrained, affecting one's relationship with money over time, even causing a ripple effect of further negative behaviors and self-blame.
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