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Money Box

Changing your money mindset

Money Box

BBC

Business

4.2825 Ratings

🗓️ 29 June 2022

⏱️ 30 minutes

🧾️ Download transcript

Summary

How do you tighten the purse strings when you've always been a big spender? Could your hang-ups be holding you back? And how could changing your mentality help your wallet and your mental health?

Ruth Alexander and a panel of experts chat to listeners and find our just how to change your money mindset.

Panel:

Norma Cassius - Psychotherapist and Founder - Think Like A Bank

Julie Flynn - Independent Financial Adviser and Chartered Financial Coach - Bree Wealth

Producer: Drew Hyndman

Editor: Jon Bithrey

Transcript

Click on a timestamp to play from that location

0:00.0

On a winter's night in 1974, a crime took place that would obsess the nation.

0:07.0

It was an extraordinary news story.

0:09.0

The story of an aristocrat, Lord Lucan, who's said to have killed the family Nanny,

0:14.0

mistaking her for his wife, then somehow just disappeared.

0:18.0

One of the great mysteries in English criminal history. We're still looking for Lucan.

0:21.6

It's honestly one of the most powerful stories of my lifetime.

0:25.6

I'm Alex von Tundselman.

0:26.6

This is The Lucan Obsession.

0:28.6

Listen on BBC Sounds.

0:30.6

BBC Sounds, music, radio, podcasts.

0:35.6

Welcome to Moneybox Live, the podcast about your money.

0:40.3

How do you change your mindset on money?

0:42.8

If the cost of living is putting you into the red,

0:45.4

how can you alter your habits if you're a natural spend, spender, spender?

0:50.0

Or if you've always been a budgeter and you've come into money

0:52.5

or got together with someone wealthier, can you learn to splurge?

0:56.9

This is what we're discussing today.

0:58.6

And joining me as Julie Flynn, a financial planner with Brie Wealth in Glasgow, and London-based psychotherapist and money management consultant Norma Cassius.

1:07.6

Julie, with your clients, you focus on how we think and feel about money. And of course,

1:12.6

the tricky thing is that our habits are actually deeply ingrained, aren't they? Stemming from

1:17.2

childhood. Yeah, that's right, Ruth. I think people would be surprised to find out that

1:24.4

a lot of the thoughts and feelings that we have about money.

...

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