Starting is the hardest part, it seems to me. As a society, we still don't talk about money very much.

Welcome to the Stay Wealthy podcast. I'm your host, Taylor Schulte, and today I have Dr. Moira

Somers on the show. Dr. Somers is a psychologist and professor, and she has this uncommon expertise in

neuroscience, financial psychology, and mental health. In today's interview, we dive into three

important topics. One, direct and indirect financial stress. Number two, how to have productive

money conversations with your spouse.

Number three, why it's a bad idea to avoid talking to your adult children about your

end of life plans and how to have that conversation constructively.

For all the links and resources mentioned today, head over to you staywealthy.com forward slash 74.

All right, I will jump right into it. So you wrote an article called families, money,

and the tincture of tenderness. And you shared that especially right now, families around the world

are reeling from effects of direct and indirect stress, that even

if your current earnings are unaffected or you haven't lost your job, it's kind of business as

normal, indirect financial stress can still show up in ways that we might not even realize.

So I'd love to just start off with having you expand on this and

share more about direct and indirect financial stress, especially given current events and

where things are at today. Yeah, I think we probably don't have to spend too much time,

Taylor, at all, on direct stress. I think the indirect effects can be hugely varying.

A lot of people that I'm talking to just say that they struggle with their own privilege sometimes

when they're the ones not being affected.

That it's just a sense of guilt almost about not being affected is one way that it's coming up.

I think most emotions are there to just signal us to pay attention

...