Hello Monday with Jessi Hempel
Aja Evans and Farnoosh Torabi on financial therapy
Nov 6, 2023
Financial therapist Aja Evans and finance journalist Farnoosh Torabi join Jessi Hempel to discuss the field of financial therapy. They explore the role of fear in personal finance, the impact of money stories and emotions in parent-child relationships, and the importance of openly addressing financial stress and seeking support.
36:00
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Quick takeaways
- Financial therapists like Aja Evans help clients explore their beliefs and emotions to make long-term behavior changes.
- Fear can be a valuable tool for making financial decisions when understood and explored, according to Farnoosh Torabi.
Deep dives
The Role of Emotions in Personal Finance
Many personal finance advice focuses solely on numbers, ignoring the emotional aspects. However, there's a growing understanding that our thoughts and beliefs heavily influence our financial decisions. Financial therapists like Asia Evans help clients explore their beliefs and move beyond them. Farneesh Tarabi's book, 'A Healthy State of Panic,' highlights the connection between money and emotions. Both experts encourage a growth mindset about financial lives, allowing individuals to feel good about their choices, learn from mistakes, and make long-term behavior changes.
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