2473: Money Stress: Why We Use Money to Feel Bad About Ourselves by Dr. Lisa Firestone of Psych Alive on the Psychology of Spending

Optimal Finance Daily - Financial Independence and Money Advice

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Self-improvement, Education, Business, Investing

4.5 • 1.3K Ratings

🗓️ 7 October 2023

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dr. Lisa Firestone talks about money stress Episode 2473: Money Stress: Why We Use Money to Feel Bad About Ourselves by Dr. Lisa Firestone of Psych Alive on the Psychology of Spending Dr. Lisa Firestone is the Director of Research and Education at The Glendon Association. An accomplished and much requested lecturer, Dr. Firestone speaks at national and international conferences in the areas of couple relations, parenting, and suicide and violence prevention. Dr. Firestone has published numerous professional articles, including Conquer Your Critical Inner Voice (New Harbinger, 2002), Creating a Life of Meaning and Compassion: The Wisdom of Psychotherapy (APA Books, 2003) and The Self Under Siege (Routledge, 2012). The original post is located here: https://www.psychalive.org/money-stress-why-we-feel-bad-about-money/ 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 2473.
0:04.7	Money Stress Why We Use Money To Feel Bad About Ourselves
0:08.4	By Dr. Lisa Firestone of Psycholive.org
0:12.4	And I'm your host and personal finance enthusiast, Diana Mariam.
0:16.8	We're going to jump right into our next post as we optimize your life.
0:24.9	Money Stress Why We Use Money To Feel Bad About Ourselves
0:28.6	By Dr. Lisa Firestone of Psycholive.org
0:33.4	Work and money are the leading causes of stress in America,
0:36.7	according to the American Psychological Associations Stress in America Survey.
0:42.1	Money may seem like a practical concern, requiring rationality and logic to manage.
0:48.0	However, we very often underestimate the emotional aspects of handling money.
0:53.4	Our attitudes about money have deep roots in our past.
0:56.7	By the time we become financially independent ourselves,
0:59.8	most of us have already had a significant number of tension causing encounters with money.
1:05.1	Whether it was watching our parents argue over spending,
1:08.2	seeing a loved one lose a job, or worrying over where our next meal would come from,
1:13.2	stressful experiences surrounding money are entrenched in our memories.
1:17.9	It's no surprise then that as adults, these memories shape our attitudes towards ourselves
1:23.1	and others in relation to finances.
1:26.2	Regardless of economic status, almost every person I've met has,
1:30.1	at one point or another, used money to feel bad about themselves,
1:34.1	and to worry and distract them from more meaningful facets of their lives.
	...

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