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Erika Taught Me

Financial Psychologist Reveals: The Secret To Building Wealth

Erika Taught Me

Erika Kullberg

Business, Entrepreneurship

4.82.3K Ratings

🗓️ 6 June 2023

⏱️ 54 minutes

🧾️ Download transcript

Summary

#35: Dr. Brad Klontz is an expert in financial psychology, author, and professor. Today, we sit down to discuss the psychology behind our relationship with money. Dr. Brad helps us define our money traumas and how to deal with them to be able to improve our relationship with money and start our journey to financial freedom. Get Dr. Brad Klontz's book, Money Mammoth. To apply for the Senior Podcast Producer position at Erika Taught Me: https://erikakullberg.com/producer-application Special thanks to our partners: Webull (free stocks) - erikataughtme.com/invest Aura - erikataughtme.com/aura Bilt Rewards - erikataughtme.com/bilt Thanks for tuning in and come back every Tuesday for a brand-new episode! Make sure you hit the follow button to get notified. Prefer video or want closed captions?⁠ Watch this episode on YouTube. Did you enjoy the episode?⁠⁠ Please leave us a review here⁠⁠: https://erikakullberg.com/review (just scroll to the bottom and tap on “leave a review”) It really helps the podcast especially since we’re just getting started. Even just a sentence is perfect! Follow the podcast @erikataughtme across platforms. ⁠Connect with me on Instagram.⁠ For more information, go to⁠ https://www.erikataughtme.com/⁠. Get on my personal finance & investing course priority waitlist here. https://erikakullberg.com/3DMoney Get my Mastering YouTube course, to learn how to grow a YouTube following and monetize it. https://erikakullberg.com/MasteringYT ⁠Get more of my free resources.⁠

Transcript

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0:00.0

your beliefs around money, they become dysfunctional when you hold on to them

0:04.0

rigidly and quite often there's an intense emotion associated with that.

0:07.8

And so when I think about trauma, I think about something that feels like it's out of your control,

0:12.0

something that feels like it's a threat to your well-being.

0:14.7

And money has a lot of threats associated with it.

0:17.0

Hey, I'm Dr. Brad Klantz, your financial psychologist.

0:20.0

Financial planner and financial psychologist Dr. Brad Klantz.

0:23.7

Coauthored and co-edited five books on the psychology of money.

0:27.9

You actually can change your financial life.

0:30.3

And it's actually not that complicated.

0:31.7

And it's not the secret set of strategies that only rich people have.

0:36.1

Most millionaires in the US are self-made.

0:38.3

Most went to public school.

0:39.9

Most work full-time.

0:41.6

You know, they're not inheriting all their money.

0:43.2

And the challenge, though, is to realize that now that you're an adult,

0:46.4

you have the power and the ability to change your life.

0:49.9

I'm Erica Colberg, and you're listening to the Eric Atatme podcast.

0:54.0

You guys know that I love investing.

0:56.4

Because you know that if your money is just sitting in a bank account,

0:59.8

you're losing out to inflation every single year.

1:03.6

That's why you invest it so that it grows for you

...

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