“Financial trauma is not something that you can take a magic pill for; but, you can certainly become trauma-informed.”

In what ways can childhood experiences predict your financial future? Join our host Ed Coambs as he uncovers the hidden layers of financial trauma with Rahkim Sabree, a pioneering expert in financial therapy!

Rahkim does a deep dive into how early observations of our parents' financial habits profoundly influence our money mindset as adults. Ed and Rahkim navigate the convoluted web of cultural pressures and a culture of consumerism that shape our financial self-worth, and discuss how the mistrust of financial tools, like credit or life insurance, can echo throughout our lives.

Financial trauma, according to Rahkim, is “any instance observed or experienced that has a negative impact on the way you view, interact with, or believe about, money.”

Have you ever felt judged for your financial choices or struggled with the societal expectations tied to your bank account? Rakhim encourages us to become hyper-aware of the different communities in our life—whether religious, familial, or professional—and really see how each shapes our relationship with money.

They also compare the often misleading promises of financial influencers to those of the diet industry, as well as the relationship between financial trauma and generational trauma. Rahkim reminds us that we need a trauma-informed approach to financial healing. He and Ed discuss how bringing the “language” of therapy down the Earth can demystify trauma and help people recognize and overcome deeply ingrained fears, such as the fear of debt.

Ultimately, by aligning personal values with financial goals, Rahkim encourages us to move beyond black-and-white thinking and embrace a nuanced understanding of financial decision-making so we can experience true healing and take back the reins of our financial destiny!

Key Topics:

• Defining “Financial Trauma” (02:08)
• Why Many People Are Reluctant to Engage with Financial Institutions (06:15)
• The Financial Tug-of-War Between Different Communities (11:05)
• Generational Trauma and the Road to Financial Healing (20:22)
• Using “Value Audits” and “Financial Boundaries” to Heal Trauma (31:55)
• Attachment Theory and Financial Trauma (40:53)

Resources:

• RahkimSabree.com
• Overcoming Financial Trauma
• Rahkim Sabree on Forbes

Connect With Healthy Love and Money:

1. Schedule your free 30-minute Discovery Call About Therapy-Informed Financial Planning™.
2. Learn about your money and attachment style with this short Attachment Style Quiz.
3. Buy the Double Award Winning Book:

“I had a light bulb come off: why aren't we talking about people's financial strengths and balancing that and not just looking at what they're not good at?”

What if your relationship with money was as significant as any personal relationship in your life? This episode promises to unravel the mysteries of financial intimacy as our host Ed Coambs chats with Ellen Rogin. As a New York Times best-selling author and a former financial advisor, Ellen uncovers how recognizing and nurturing our financial strengths can lead to healthier money management. Together, Ed and Ellen explore the often-overlooked emotional aspects of finances, emphasizing how past experiences and societal influences shape our financial behaviors and beliefs. Ellen shares her unique insights on integrating emotional and psychological perspectives into financial planning, creating a holistic approach emphasizing communication and connection with partners.

Imagine treating money as a dear friend rather than a neglected partner. This episode highlights the metaphorical relationships we have with money, likening it to our personal relationships. Ellen shares an extraordinary experience from a workshop where she discovered her ability to deliver intuitive messages related to money, transforming how participants understand their financial states. They delve into the intriguing dynamics of money mindsets, discussing attachment styles and how they affect financial decision-making. By achieving a relaxed state, individuals can foster better financial relationships, making informed decisions that are in tune with their emotional needs.

This episode is a heartfelt invitation to nurture your relationship with money, embracing love, abundance, and deeper financial intimacy.

Key Topics:

• Financial Strengths and Balancing Skills (00:00)
• The Impact of Family History on Financial Decisions (03:55)
• The Role of Intuition on Financial Decisions (06:26)
• The Four-Square Framework for Understanding People and Money (16:02)
• Communication in Financial Decisions (16:31)
• The Role of Financial Advisors and Self-Advocacy (28:05)
• The Journey to Financial Intimacy (28:22)
• The Practical Benefits of Understanding Financial Personalities (36:39)
• The Role of Intuitive Money Readings (36:53)

Resources:

• Messages From Money (book)
• MessagesFromMoney.com

Connect With Healthy Love and Money:

1. Schedule your free 30-minute Discovery Call About Therapy-Informed Financial Planning™.
2. Learn about your money and attachment style with this short Attachment Style Quiz.
3. Buy the Double Award Winning Book:

"Empathy not just opens the door to understanding money behaviors but also transforms financial shame into a powerful tool for healthier decision-making."

Can empathy be the missing link in transforming your relationship with money? Our host Ed Coambs jumps into part two of this conversation with Jillian Knight as she shares her insights on deconstructing your money story to forge a stronger relationship with your spouse!

She’s going beyond traditional financial advice–espoused by the likes of Dave Ramsey–towards a nuanced understanding that marries emotional intelligence with money management. Jillian explains how empathy can dismantle financial shame, paving the way for greater openness and healthier financial choices between spouses.

They also take a closer look at how our personal history shapes our financial decisions. Jillian guides us through the process of crafting a money story and timeline–a powerful tool for individuals and couples to decode their financial behaviors. By visualizing systemic influences on personal financial beliefs, we shift the narrative from self-blame to understanding the broader societal structures at play. It’s an exercise that illustrates how our financial challenges are often rooted in experiences beyond our control.

Finally, Ed and Jillian explore the realm of financial intimacy within relationships, addressing power dynamics and the influences of past experiences. They discuss the importance of creating a safe space for vulnerability, where partners can openly share their financial journeys!

Key Topics:

• Reflections on the Financial Therapy Association Conference (01:50)
• Why Empathy and Curiosity Are Key to Helping Clients Navigate Their Relationship with Money (04:57)
• Exercises to Help Clients Explore Their Relationship with Money (13:26)
• Giving Couples a Safe Space to Share Their Money Story (22:03)
• The Physiology and Psychology of Safety (32:27)
• How Lack in Your Personal Money Story Impacts Family Dynamics (39:34)
• Regulating Your Nervous System (42:06)

Resources:

• Her Financial Therapy

Connect With Healthy Love and Money:

1. Schedule your free 30-minute Discovery Call About Therapy-Informed Financial Planning™.
2. Learn about your money and attachment style with this short Attachment Style Quiz.
3. Buy the Double Award Winning Book: The Healthy Love and Money Way.
4. Hit Follow on Your Favorite Podcast Player To Get the Latest Episodes.

Our host, Ed Coambs sits down with fellow Financial Therapist Jillian Knight of Her Financial Therapy to talk about her eye-opening journey to financial freedom. The challenges she faced on her road to being debt-free offer a ton of insights into the power of open communication between spouses and the dark truth about mainstream money management programs.

"Navigating student loans without a financial roadmap was daunting, but it ultimately led me to discover the transformative power of combining therapy with financial guidance."

As with many people, Jillian's financial awakening began when she realized the gravity of her student loan burden and her lack of financial education after getting married. With nowhere to go but up, she talks about how she fought through the sense of isolation and overwhelm she felt while paying down her debt, with the guidance of financial expert Dave Ramsey.

"Rigid financial systems can impose moral judgments and hierarchies that hinder personal growth; recognizing these barriers is essential for fostering a healthier relationship with money."

Over time, she and her husband became disillusioned with Ramsey and the shame-based culture prevalent in many similar overly rigid financial programs.

"Evolving social dynamics, like the pandemic and movements for racial justice, have reshaped my approach to money management, underscoring the need to balance financial goals with self-care and emotional health."

But it was really when significant recent events, particularly the pandemic and the Black Lives Matter movement, that led Jillian and her husband to break away entirely from Dave Ramsey and chart their own road to being debt-free–a road that values tolerance and flexibility above all else.

She hopes that her unique path to redefining financial therapy inspires others to walk their own journey with intention and empathy!

Key Topics:

• From Performing Arts to Financial Therapy (03:07)
• Why Most People Don’t Realize How Extensive Their Student Loans Are (08:30)
• Spending Dynamics in the Household (10:12)
• Why the Saver/Spender Stereotypes Are Harmful (15:14)
• The Danger of Rigid Financial Programs (21:43)

Resources:

• Her Financial Therapy

Connect With Healthy Love and Money:

1. Schedule your free 30-minute Discovery Call About Therapy-Informed Financial Planning™.
2. Learn about your money and attachment style with this short Attachment Style Quiz.
3. Buy the Double Award Winning Book: The Healthy Love and Money Way.
4. Hit Follow on Your Favorite Podcast Player To Get the Latest Episodes.

"We think we need more money to be happy, but in reality, we just need those people to talk with and count on and feel connected with."

Did you know that money-related arguments between married couples are the most predictive of divorce compared to any other type of conflict?

Our host Ed Coambs sits down with financial therapist Dr. Sonya Lutter to unpack this uncomfortable truth and how couples can take steps to masterfully navigate financial challenges of all kinds. Sonya draws from over two decades of research and marriage counseling. When she’s not speaking onstage or working with clients, she’s teaching at Texas Tech University as the Director of the Financial Health and Wellness program.

"If I'm more stressed, the people around me become more stressed. Our brains are wired to pick up on each other's emotional states."

Ed and Sonya kick things off talking about the power of open communication regarding money and role expectations as early as possible in a relationship. Sonya shares how unspoken assumptions and unmet expectations can silently brew conflict, even without overt arguments. She explains why it’s so important not just to have regular conversations with your spouse, but also to seek professional support on your financial wellness journey.

"While we might believe we're in complete control of ourselves, much of our behavior is instinctive and triggered by external stimuli."

They also explore the connection between financial anxiety and family dynamics. Sonya discusses how the fight-or-flight response influences our interactions and responsibilities as adults and parents. Finally, she and Ed touch on the magic of co-regulation (versus codependency), through which partners can support each other in managing stress.

Key Topics:

• Why Couples Get Stuck Around Money (02:37)
• Why Conflict is Not Restricted to Yelling at Each Other (06:27)
• Focusing on the Thing and Not the Person (10:32)
• Defining “Physiological Stress” and the Power of “Co-Regulation” (14:18)
• What Triggers Financial Anxiety? (19:37)
• Why Relationships Matter (22:57)
• Attachment Theory and Meeting Needs (29:10)
• Scheduling Financial Conversations with Your Spouse (32:10)

Resources:

• SonyaLutter.com
• Sonya on LinkedIn

Connect With Healthy Love and Money:

1. Schedule your free 30-minute Discovery Call About Therapy-Informed Financial Planning™.
2. Learn about your money and attachment style with this short Attachment Style Quiz.
3. Buy the Double Award Winning Book: The Healthy Love and Money Way.
4. Hit Follow on Your Favorite Podcast Player To Get the Latest Episodes.

“If we allow ourselves that place of full expression, I have it that more goodness happens in the world because people are not bound, and we actually continue that interdependence long term.”

Imagine a mother on the cusp of gifting money to her daughter, grappling with the emotional and financial strings that come attached. That’s just one example in our host Ed Coambs’ conversation with Liz Hand from Pleasant Wealth. Together, they navigate the murky waters of financial decision-making and the profound concept of financial intimacy. They challenge the notion of right or wrong in financial choices, urging listeners to embrace a mindset that fosters personal freedom.

Relationships and money have always been a tangled web, and Ed and Liz pull back the layers using vivid (and possibly hunger-inducing) metaphors like a seven-layer cake and a burger-burrito analogy. They discuss the intricate dynamics between aging parents and their adult children, diving into the emotional ties that bind financial responsibilities.

Financial planning amidst uncertainty is akin to setting off on a voyage of self-discovery. Ed and Liz explore stories of diligent savers who, despite reaching financial independence, hesitate to embrace the fruits of their labor. Influenced by what Liz calls the "Midwestern money mindset," these tales resonate far beyond regional borders, speaking to a universal struggle with financial security. In wrapping up, Ed extends an invitation to reflect on these insights, encouraging listeners to journal and share their experiences, creating a community where healthy love and financial well-being are cultivated together.

Key Topics:

• Exploring Full Human Expression and Financial Intimacy (00:00)
• The Complexity of Financial Decisions (07:09)
• The Role of Personal Values and Relationships (09:53)
• The Burger and Burrito Analogy (10:42)
• The Importance of Self-Reflection and Experimentation (22:52)
• The “Midwestern Money Mindset” (23:30)
• The Role of Empathy and Personal Growth (29:55)
• The Journey of Writing and Self-Discovery (33:47)
• The Importance of Experiencing Joy with Money (34:03)
• Invitation to Self-Reflection and Personal Growth (34:55)

Resources:

• Pleasant Financial Conversations Private FB Group
• Liz Hand | Pleasant Financial Conversations on YouTube
• Liz Hand on LinkedIn
• Pleasant Wealth

Connect With Healthy Love and Money:

1. Schedule your free 30-minute Discovery Call About Therapy-Informed Financial Planning™.
2. Learn about your money and attachment style with this short Attachment Style Quiz.
3. Buy the Double Award Winning Book:

“In neuromarketing, those companies are smarter than we are. They know how to exploit this stuff, so now they know how to get us to do things. The more that we can understand that the better, and the more that we can understand our own decision-making, the better.”

Curious about how your brain influences financial decisions? Our host Ed Coambs welcomes Dr. Oliver Schnusenberg, a pioneer in the fusion of neuroscience, behavioral finance, and financial therapy. From hospitality management to behavioral finance, Dr. Schnusenberg shares his intriguing journey and provides a fresh perspective on financial planning by emphasizing the importance of empathy and compassion, aiming to create a more holistic approach for clients.

Ed and Dr. Schnusenberg also shed light on the power of neuroplasticity and its role in shaping financial behaviors. Discover how intentional changes in thoughts and actions can transform neural pathways over time. Inspired by the work of Joe Dispenza, they discuss practical grounding techniques and the necessity of repetition in therapy to cultivate new financial mindsets. The conversation challenges conventional financial planning, advocating for more personalized and effective strategies that adapt to the unique needs of each individual.

They unravel the intricate connections between fear, addiction, and relationships, and how these factors can impact financial decisions. Dr. Schnusenberg delves into the concept of neuromarketing and its exploitation of the brain's reward systems, urging the importance of understanding these mechanisms. They also touch on the role of emotional availability in developmental growth, emphasizing the significance of human interaction and awareness in nurturing healthier relationships and decision-making. Tune in for an episode that promises to expand your understanding of the mind's influence on money and love.

Key Topics:

• Understanding Decision-Making and Financial Therapy (00:00)
• Exploring Behavioral Finance and Neuroscience (03:23)
• Neuroplasticity and Financial Therapy (07:42)
• The Role of Neuroscience in Financial Therapy (14:20)
• Understanding Addiction and Marketing (20:07)
• Attachment Theory and Relationships (25:08)
• Neuroception and Theory of Mind (30:22)
• Wrap-Up and Call to Action (34:30)

Resources:

• EquilibriaEvolution.com
• Dr. Oliver Schnusenberg on LinkedIn

Connect With Healthy Love and Money:

1. Schedule your free 30-minute Discovery Call About Therapy-Informed Financial Planning™.
2. Learn about your money and attachment style with this short Attachment Style Quiz.
3. Buy the Double Award Winning Book: The Healthy Love and Money Way.
4. Hit Follow on Your Favorite Podcast Player To

“You have to let go of the anger, and this may be the hardest part of it all, because you have to face your own feelings and accept that you do not want this to eat you alive for the rest of your life.”

How do you reconcile with a sibling who has become a stranger? In this captivating episode, our host Ed Coambs is joined again by Fern Schumer Chapman, the insightful author of "Brothers, Sisters, Strangers." Fern delves into the complex dynamics of sibling estrangement and reconciliation, drawing on her personal experiences with Holocaust trauma. She shares how her mother's harrowing escape from Nazi Germany cast long shadows over their family life. Get ready to learn about the profound healing that comes from sharing these stories and the emotional relief it brings when past traumas are openly acknowledged.

Ed and Fern also unpack the unique parenting patterns within Holocaust survivor families, laying bare the psychological impacts of extreme trauma, favoritism, and memorial children. Fern's poignant anecdotes reveal how children in these families often become parentified, prematurely taking on adult responsibilities. Their discussion sheds light on the intricate interplay between identity and inherited trauma, providing a deeper understanding of how these factors shape subsequent generations.

Ed and Fern continue their conversation on navigating sibling estrangement and the arduous road to reconciliation. The Hicks Dignity Model offers a pathway through genuine listening and empathy, but they also emphasize the importance of acknowledging when a relationship is beyond repair. Setting boundaries with toxic individuals is crucial, and sometimes walking away is the healthiest option. All this and more in this episode of Healthy Love and Money.

Key Topics:

• Sibling Estrangement and Reconciliation (00:00)
• Impact of Holocaust Trauma on Family Life (02:53)
• Healing Through Storytelling and Witnessing (06:54)
• Memorial Children and Parentified Children (11:16)
• Sibling Estrangement and Parental Responsibilities (29:40)
• Empathy and Listening in Reconciliation (30:04)
• Boundaries and Toxic Relationships (32:38)
• Fern Schumer Chapman’s Work and Resources (35:29)

Resources:

• FernSchumerChapman.com

Connect With Healthy Love and Money:

1. Schedule your free 30-minute Discovery Call About Therapy-Informed Financial Planning™.
2. Learn about your money and attachment style with this short Attachment Style Quiz.
3. Buy the Double Award Winning Book: The Healthy Love and Money Way.
4. Hit Follow on Your Favorite Podcast Player To Get the Latest Episodes.