2254: What Is Financial Trauma & How To Heal by Daniella of I Like to Dabble

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 29 March 2023

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

Daniella of I Like to Dabble talks about healing from financial trauma Episode 2254: What Is Financial Trauma & How To Heal by Daniella of I Like to Dabble Daniella is a software engineer and sidepreneur who has gone from 0 to 12 income streams in 4 years, paid off over $40k of debt in the process, and moved 2100 miles cross country with her wife Alexandra to live in their dream location. Prior to that, she was going through back-to-back layoffs, had no savings, and was living paycheck to paycheck. Now, she teaches thousands of others how to start and grow their own side hustles and businesses, get their money right, find remote work that aligns with what they really want to do, and live their best life. The original post is located here: https://iliketodabble.com/financial-trauma/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily, Episode 2254.
0:04.7	What is Financial Trauma and How to Heal?
0:07.4	By Daniella of iLikeToDouble.com
0:10.7	And on your host and personal finance enthusiast, Diana Mariam.
0:14.8	We have a new author today.
0:16.7	I'll tell you more about Daniella right after the reading.
0:19.9	So for now, let's get right to today's post as we optimize your life.
0:28.6	What is Financial Trauma and How to Heal?
0:31.4	By Daniella of iLikeToDouble.com
0:35.8	One-third of millennials have experienced some form of financial trauma, according to
0:40.3	a 2016 study from Dr. Galen Buckwalter.
0:44.4	It's no wonder when millennials graduated into the Great Recession and then years later
0:48.9	a global pandemic.
0:50.7	Now many of them struggle with rising student debt, widening pay gaps, a housing crisis,
0:56.4	and inflation to top it off.
0:58.9	Their financial trauma doesn't have to be a singular, dramatic event either.
1:03.4	They could experience any sort of financial stress that threatens their safety and could
1:08.1	also be generational, intergenerational, relational, societal, or systematic.
1:14.8	But millennials aren't the only folks dealing with financial trauma.
1:19.3	Several Americans have experienced financial trauma at least once in their lives.
1:23.7	With the LGBTQ community likely experiencing higher rates of financial trauma due to
1:29.4	the discrimination they face in school, the workplace, and in society, being unhoused
	...

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