Financially Naked

One thing people with ADHD may have is more intense impulse control. Self-awareness and self-acceptance is important, in order to recognize the things that are calling to you. Take a few breaths and try to stretch out that moment between impulse and action. Institute a waiting period for purchases and having an accountability partner. Make a list of items you are looking to buy and plan for gifts you want to buy. There is a lot of help out there. The social work lens is that the person isn't the problem, society is the problem. There is nothing wrong with people with ADHD, society is set up in a rigid way that makes it hard to navigate if you don't fit into the boxes. There is a lot of shame for people who don't fit into the world as it was created and a shame avoidance cycle can be created, which creates more shame and debt. Amalia feels like her financial trainer, Jenny, is her financial therapist. We weren't born with all of the tools we need to manage finances successfully on our own. Society is built on instant gratification with advertising and stimulation and it is difficult to pause first. Behavior is a message, it isn't random. Procrastination is rooted in fear and avoidance. If we can figure out the root, we can address the behavior changes. Usually we stay focused on the behavior and beat ourselves up about it and end up in a shame spiral, when really we need to look at what you are scared of. Often, we know what we are doing isn't working anymore, but it is all we have ever known. We know we want to evolve and change, but it is scary and we don't know another way, which leads to self-sabotage. Net worth does not reflect your self-worth. It doesn't matter how much money you have, so many people don't know what they are doing with their finances. Children come into this world with unlimited amounts of love and trust and they believe what they are told. Without an adult filter, comments can really affect the way children feel about themselves. Neurodiverse individuals hear things their entire lives like they are a mess, unorganized, all over the place, etc. That become real and they need to unlearn those messages as adults. ADHD looks chaotic and it starts to feel homey and normal, but debilitating and overwhelming. Brené Brown talks about shame shutting us down, because the fear of being judged. Have weekly checkins with someone who can guide you through the space until it starts to feel less overwhelming. At The Gym, even if you come into the financially naked session with nothing, that's okay. Just show up. Things that may help are automating your bills and savings. Sometimes we know what we need to do to stop the chaos, but it can be overwhelming. Peace can feel scary if we've never experienced it. Living with ADHD in a world that is constantly saying something is wrong with you is traumatic. Nothing is wrong with you because you need extra help. A lot of people deal with this. We need to rewrite the stories we tell ourselves. Having someone who encourages you and is your cheerleader is powerful. Go to the core of "who am I?" and "what do I want?". Your goals are attainable. We all start with "I am beyond help". Having an external voice saying "that's not true" is powerful. Eventually, you are able to do that for yourself. Reach out for help, send a text, instead of acting on an impulse. A lot of people with ADHD are creative and curious and interested in many different things. Oftentimes they are flexible and quick to adapt. People with ADHD typically just need a container and help building a system, so they can create freely and do all of the things they are here to do. Connect with Amalia Instagram: @amaliasirica

On this episode of Financially Naked: Stories from The Financial Gym, our host is Kadri Augustin, Brooklyn-based Financial Trainer, and he is joined by his colleague, Terri Bennett, to talk about parents and finances.

On this episode of Financially Naked: Stories from The Financial Gym, our host is Victoria, Financial Trainer, and she is joined by her sister, Haley, and Haley's financial trainer, Nick, to discuss why it is difficult to take financial advice from family members. Show notes: https://financialgym.com/financiallynakedpodcast/episode69

Victoria Sechrist speaks with her client, Liz Dederer who is the founder and CEO of Selling With Service. She empowers women to use their voice to make money and create change! Liz discusses The Four Currencies of Conversations and the difference between people who are "hard currency" vs "soft currency." Recognizing your dominant currency is helpful for both business and personal relationships. Shownotes: https://financialgym.com/financiallynakedpodcast/episode68

This episode is hosted by Mike Poulin as he talks with Rebekkah Holleman, Client Experience Associate. March is Developmental Disabilities awareness month, which was started by President Ronald Regan in 1987. Rebekkah previously worked in the disability field and has a brother who lives with her that has an autism diagnosis and he was the reason she joined The Gym as a client originally. Philip is Rebekkah's younger brother by 13 months and they have always been very close. He is is affected by social situations, managing money, change, and he gets overwhelmed when there is a lot going on around him. He likes cats and reading books. When saving for an emergency fund, it is important to remember there is a dollar amount a person with disabilities can have, and anything over that amount impacts SSI payments. Rebekkah will talk about emergency funds forever, because they are so important. She recommends keeping copies of everything you fill out and send to Social Security and following up on what you've sent in. Shownotes: https://financialgym.com/financiallynakedpodcast/episode67

Our host is Myriam Robinson, Financial Trainer, and she is joined by FinGym client, Ali Krupnik, founder of MyWellCo, to discuss remote wellness and morning habits. Ali shares the 7 principles for establishing a morning routine and other tips about taking care of yourself and not constantly feeling like you are burned out.

Employee #1 and Head of Trainer Development at The Gym, Bridget Todd, is joined by her client, Ben Sargent. He is a CPA and owner of Sargent CPAs. They talk about paying taxes as a someone who is a contractor or a freelancer. People who are self-employed are more aware of paying taxes than someone who gets a W-2. People who get W-2s tend to do well with Turbo Tax or boxed software, because there isn't much to their taxes. When you are self-employed, you need to pay your own taxes. You need to be aware of how much you will owe and set money aside. It is important to be aware of the tax deductions and credits you can take. In 2020, there were a number of stimulus programs, and unemployment, that interact with freelance income. There are paid leave tax credits related to COVID relief provisions. This includes freelancers who were not able to work due to having COVID or who were caring for someone who had COVID. It also includes freelancers with small children who couldn't work because school was closed. https://financialgym.com/financiallynakedpodcast/episode65

The biggest thing to helping your children is bringing them into the fold of your everyday finances. Get yourself on track and have good conversations. Break the mindset that money shouldn't be talked about and make good decisions. Financial Trainers Garrett and Randi provide tips and anecdotes about talking to your kids from toddler age to college-aged kids about money.

Financial Trainers London and Bevin have a conversation about creating generational wealth in the Black community. Black people are in a place where they hold less than 15% of wealth as white people, and it is now mathematically impossible for them to catch up without some sort of systemic change. They discuss how an emergency fund is a way to get out of survival mode; the Black Tax as part of survivor's guilt and thinking about what future needs are and put money aside for later. Bevin mentions that the goal is not to look wealthy, the goal is to be wealthy. Shownotes: https://financialgym.com/financiallynakedpodcast/episode63

Today our host is Columbus McKinney, DC-based Financial Trainer and entrepreneur, and he is joined by his colleague, Kylie Lipinski, to discuss overcoming debt. They talk about reasons people have debt, tips to get out of it and Columbus talks about his own debt-free journey. Shownotes: https://financialgym.com/financiallynakedpodcast/episode62