Understanding Trauma as a Key to Your Financial Behavior with Diana Chambers

Nov 2, 2022

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Diana Chambers is a highly respected Family Wealth Mentor and Philanthropic Advisor who established her business in the US in 2002 and subsequently in Switzerland, where she now resides. She brings to her work her experience as a third-generation member of a UK business family to which she has added corporate strategic planning and charitable leadership roles. She's also the author of "True Wealth: Letters on Money, Life, and Love" as well as her latest piece "Money Wisdom Unlocked: Understanding Trauma as a Key to Your Financial Behavior".

Key Highlights:

[00:01 - 06:47] Opening Segment

Welcoming Diana to the show
Diana talks about understanding trauma as the key to financial behavior
Our body’s reaction to trauma is the survival instinct

[05:57 - 15:13] Why You Behave The Way You Do

The three primary sources of trauma:
Ancestral trauma - passed down from multi-generations
Collective trauma - happens when a group of people experiences the same traumatic event
Individual trauma - when something happens to one of us
The building block of a thriving family is building relational health
Money represents different things for different people
A bad relationship with money could be a trauma response
Here are concrete steps we can all take to have a healthy relationship with money:
No one is exempted from having had some form of traumatic experience whether Big T Traumas or Small T Traumas
It is essential for an individual to examine himself about what has shaped him and who he truly is
Determine your motivation whether intrinsic or extrinsic
We are responsible for our own well-being and for bringing that to the family

[15:14 - 28:32] Prejudices And Misconceptions

Being an inheritor of wealth goes beyond just having more money
As an inheritor, it is still possible to separate our identity from the wealth
Masculine traits have been embedded into the wealth management business that some women are finding it difficult to succeed in this space
Helping women be confident about themselves knowing that they have a big contribution to make means asking the system that she’s within to be more open to women’s voice

[28:33 - 36:36] Being Comfortable in Your Own Skin

Transition points in an ongoing wealth situation need legal guidance from very early on in the process
It's the lack of financial EQ and not the lack of financial IQ that is most likely to blow a situation up
Happiness and wealth could coexist
Happy inheritors have a healthy relationship with money

[36:37 - 31:24] Closing Segment

Diana’s meditation practice and going on annual silent retreat help her maintain peace
Connect with Diana on the links below

Connect with Diana Chamers via email at diana@dianachambers.com and visit her website https://dianachambers.com to get a copy of her free PDF essay, Money Wisdom Unlocked: Understanding trauma as a key to your financial behavior

Key Quote:

“I think that if something is not going great in terms of our relationship with money, take a good look at it. Because not only can you resolve that, but you can also resolve whatever is underlying in my worldview. That would be trauma in some form or another.” - Diana Chambers

“Wealth is an external dimension of who we are, but it's not our internal interior was chosen expression of self.” - Diana Chambers

“Helping women to stay true to themselves and succeed, is I think the sort of really nuanced edge of this, it's not what we want them to succeed, we want them to succeed as themselves.” - Diana Chambers

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