453: How to Conquer Financial Trauma & Develop a HEALTHY Relationship with Money

BiggerPockets Money Podcast

BiggerPockets

Investing, Education, Business

4.6 • 2.9K Ratings

🗓️ 25 September 2023

⏱️ 69 minutes

🔗️ Recording | iTunes | RSS

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Summary

Financial trauma is an extremely common roadblock on the journey to financial freedom. In fact, most people deal with this issue on some level, even if they aren’t aware of it. Whether your trauma patterns stem from your parents’relationship with money or an instance of financial abuse, know that there’s light at the end of the tunnel! Welcome back to the BiggerPockets Money podcast! Today’s guest is Shannah Game—author, entrepreneur, certified financial planner (CFP), and host of the Everyone’s Talkin’ Money show. Shannah would be the first to tell you that her relationship with money has been far from perfect. Having grown up in a family where money decisions were always heavily scrutinized, Shannah has worked hard to not only address her own deep-rooted money trauma but also help others overcome similar traumatic patterns in their lives. If your negative experiences with money are preventing you from achieving your financial goals, tune in as Shannah shares her expertise on an issue that is sorely overlooked today. In this episode, you’ll learn how to name and work through your unique money trauma, avoid your biggest money triggers, and get back on the straight and narrow toward financial freedom. You’ll also learn the most common signs of trauma to look for, as well as practical exercises you can use to get your financial fear under control! In This Episode We Cover The most common signs of money trauma to look for in your own life How financial trauma is passed down through multiple generations Two questions you MUST ask to uncover the root cause of money trauma Working through money trauma patterns to reach your financial goals Exercises to practice when experiencing a traumatic money-related event Why you NEED to talk about finances with close friends and family members And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Scott's Instagram Mindy on BiggerPockets Grab Scott’s Book, “Set for Life” Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment How to Use Your Financial Fear to Build Wealth Better w/Farnoosh Torabi Breaking the Taboo of Talking About Money with Friends, Family, and Bosses w/Erin Lowry Download Shannah’s FREE Guide, “10 Money Questions to Ask Yourself Right Now” Tune in to the “Everyone’s Talkin’ Money” podcast Click here to check the full show notes: https://www.biggerpockets.com/blog/money-453 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome, everybody, to the Bigger Pockets Money Podcast, where we are talking with Sean
0:04.4	a game about trauma and money.
0:07.2	Hello, hello, hello. My name is Mindy Jensen, and with me, as always, is my strength in the face
0:13.2	of adversity co-host, Scott Trent. Great to be here, Mindy. As always, with my always brings a powerful
0:19.5	message, co-host, Mindy Jensen. Scott and I are here to make financial independence less scary,
0:25.2	less just for somebody else, to introduce you to every money story, because we truly believe
0:30.8	that financial freedom is attainable for everyone, no matter when or where you're starting.
0:35.7	That's right, whether you want to retire early and travel the world, or go on to make big-time
0:39.8	investments in assets like real estate, start your own business, or deal with the conflict,
0:45.5	trouble, or trauma that you've experienced with money in your past. We'll help you
0:50.0	reach your financial goals and get money out of the way, so you can launch yourself towards
0:53.5	those dreams. Scott, it's time for our money moment, the segment of the show where we share
0:57.9	a money hack tip or trick to help you on your financial journey. Today's money moment is,
1:03.3	here's one for the kitchen. Grow some herbs. Herbs cost $3 to $4 a bundle at the grocery store,
1:10.6	but you can have an herb garden in your window, which will cost about the same to start up
1:15.6	and last for months or even longer. Do you have a money tip for us?
1:20.9	Email moneymoment at biggerpockets.com.
1:24.7	Okay, Scott, I have to tell our listeners that today's show gets a little bit heavy. It really
1:31.6	affected me because I didn't think I had money trauma until Shauna started talking about what
1:37.8	money trauma actually is, and it turns out I do, in fact, have money trauma surrounding the whole
1:44.6	idea of being able or not to spend money. And it turns out that money trauma kind of affects
1:52.7	a whole host of people. It isn't just people who grew up this way or people who experienced that.
	...

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