Brad Klontz

In this discussion with Dr. Brad Klontz, a financial psychologist and co-author of Start Thinking Rich, we dive into the powerful connection between mindset and wealth. He clarifies the difference between being broke and being poor, emphasizing that one’s mental framework can trap them in financial struggles. Klontz shares strategies for overcoming learned helplessness, the importance of early investing, and how to cultivate a rich mindset in children. Plus, he examines the impact of personal relationships on financial success.

Adrian Brambila, co-author of "Start Thinking Rich," and Dr. Brad Klontz, a clinical psychologist focusing on money's psychology, dive into wealth-building strategies. They challenge the DIY mindset that can impede financial independence, advocating for outsourcing tasks for greater happiness. The duo dispels misconceptions about wealth paths like education and homeownership while redefining true wealth as time freedom, stressing the importance of rich experiences over material possessions.

In this chat, Dr. Brad Klontz, a financial psychologist and co-founder of the Financial Psychology Institute, dives into the deep connections between money and mental health. He discusses how consumerism shapes self-worth, particularly among youth. Klontz reveals the impact of social media on our perceptions of wealth and the resulting feelings of inadequacy. He also introduces 'money scripts'—the hidden beliefs that influence our financial habits. The conversation emphasizes the need for emotional engagement with money to foster better financial wellness.

Dr. Brad Klontz, a financial behavior psychologist, and Adrian Brambila, a TikTok star, discuss how life’s challenges don’t necessarily get easier but how we can develop skills to handle them. They emphasize mindset shifts necessary for wealth building and the importance of automating finances to avoid debt traps. The duo offers tough love and practical tips for financial health while breaking down debt patterns in U.S. cities, urging listeners to rethink their approaches to money management and personal responsibility.

Dr. Brad Klontz, a clinical psychologist specializing in financial psychology and author of '21 Harsh Truths About Money,' delves into the link between mindset and money. He discusses how perceptions of wealth can influence our financial choices and emphasizes the importance of shifting from a consumption mindset to one focused on investing. Klontz shares personal stories highlighting the pitfalls of traditional education in financial literacy and advocates for strategic mentorship. The conversation is a blend of humor and insight, encouraging listeners to redefine their paths to financial freedom.

Dr. Brad Klontz, a financial psychologist known for his work on money scripts, joins YouTuber Adrian Brambila, who transitioned from a call center to financial freedom. They discuss a shocking experiment on dogs that illustrates 'learned helplessness' in relation to money beliefs. Key money scripts like Money Avoidance and Money Worship shape financial behaviors. Adrian shares his journey of mentorship and online success, while Dr. Klontz highlights surprising links between meditation and net worth, advocating for automating finances before mindfulness.

Dr. Brad Klontz, a financial psychologist and Managing Principal at Your Mental Wealth Advisors, dives deep into the psychology of money. He discusses why so many Americans lack savings despite national wealth and tackles the societal stigma around earning what one's worth. Klontz emphasizes the importance of financial education in schools and the impact of family histories on financial habits. He also calls for open conversations about money to combat shame and improve financial literacy, especially in the age of social media.

#35: Dr. Brad Klontz is an expert in financial psychology, author, and professor. Today, we sit down to discuss the psychology behind our relationship with money. Dr. Brad helps us define our money traumas and how to deal with them to be able to improve our relationship with money and start our journey to financial freedom.Get Dr. Brad Klontz's book, Money Mammoth.Special thanks to our partners:Webull (free stocks) - erikataughtme.com/investAura - erikataughtme.com/auraBilt Rewards - erikataughtme.com/biltI’m running a free “Save $1,000 Challenge” to teach you creative strategies to save money. It’s 5 days long and starts on Monday. Grab your free spot here: https://Erika.com/goThanks for tuning in and come back every Tuesday for a brand-new episode! Make sure you hit the follow button to get notified. Prefer video or want closed captions?⁠ Watch this episode on YouTube.Did you enjoy the episode?⁠⁠ Please leave us a review here⁠⁠ https://erika.com/review : (just scroll to the bottom and tap on “leave a review”) It really helps the podcast especially since we’re just getting started. Even just a sentence is perfect!Follow the podcast @erikataughtme across platforms. ⁠Connect with me on Instagram.⁠ https://www.instagram.com/erikankullberg/For more information, go to⁠ www.erikataughtme.com/⁠Get on my personal finance & investing course priority waitlist herehttps://erika.com/3D-money Get my Mastering YouTube course, to learn how to grow a YouTube following and monetize it https://erika.com/mastering-YT ⁠Get more of my free resources. https://erika.com/all-links

Dr. Brad Klontz, a financial psychology expert, and Adrian Brambila, a successful online entrepreneur, reveal 21 harsh truths about wealth building. They emphasize that rich individuals invest in time and passive income rather than material possessions. Klontz shares insights on the psychological impacts of luxury spending, while Brambila discusses his shift to investing for passive income. They also challenge traditional views on college and homeownership as prerequisites for success, advocating for proactive planning and financial independence instead.

Brad Klontz, a psychologist and author of 'Mind Over Money,' dives into the crucial link between childhood experiences and adult financial habits. He discusses how inherited 'money scripts' shape our mindset towards wealth, revealing the psychological burdens that accompany both poverty and affluence. Klontz emphasizes the need to break free from these ingrained patterns to foster healthier financial beliefs for future generations. He also shares insights on how parents can navigate financial discussions with their kids to create a more informed and resilient generation.