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Afford Anything | Make Smart Money Choices

How to Build Financial Resilience in 2020, with Dr. Brad Klontz, financial psychologist

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Investing, Business

4.73.6K Ratings

🗓️ 30 June 2020

⏱️ 68 minutes

🧾️ Download transcript

Summary

#263: It’s been a tough year, and we’re only halfway through it. Today’s guest has insights and actions to help you build financial resilience in 2020. Not only will you emerge from the events of this year stronger, you’ll also face future personal challenges and economic downturns with more confidence and knowledge. Our guest is Dr. Brad Klontz, a clinical psychologist and Certified Financial Planner. He’s the author of five books on the psychology of money, a founder of the Financial Psychology Institute, a managing principal of Your Mental Wealth Advisors, and a fellow of the American Psychological Association. He’s also a former associate professor of personal financial planning at Kansas State. Dr. Klontz appeared on our show in April 2018 to discuss unhealthy attitudes towards money. We invited him back for his expertise on coping with recent situations and developing financial resilience For more information, visit the show notes at https://affordanything.com/episode263 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

You can afford anything but not everything.

0:10.8

Every choice that you make is a trade-off against something else and that doesn't just

0:13.5

apply to your money that applies to your time, your focus, your energy, your attention,

0:18.6

any limited resource that you need to manage.

0:21.1

And that leads to two questions.

0:22.8

First, what matters most to you?

0:25.4

Not what the society say should be important, but what's truly a priority in your own

0:29.7

life.

0:30.7

And second, how do you align your daily choices to be able to reflect that?

0:36.2

Answering these two questions is a lifetime practice and that is what this podcast is

0:39.6

here to explore.

0:40.6

My name is Paula Pat.

0:41.6

I am the host of the Affordable Care Foundation.

0:43.9

And today, financial psychologist Dr. Brad Clonce joins us to talk about how to develop

0:50.0

financial resilience.

0:51.4

2020 has been a very stressful year to state the obvious.

0:55.4

And in today's interview, Dr. Clonce discusses how we can develop the resilience to not

1:00.3

only come out of 2020 stronger, but also develop skills that can help us survive and cope

1:08.0

with the events of the following decades to come.

1:11.6

Dr. Clonce is both a clinical psychologist and a certified financial planner.

1:15.4

He was an associate professor of personal financial planning at Kansas State, where he ran

1:20.3

a financial therapy clinic in which he trained financial advisors and psychologists in

...

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