MONEY PROBLEMS: Debt, shame, and what money does to mental health

LATE BLOOMERS

Rich & Rox Pink

Self-improvement, Education

5.0 • 599 Ratings

🗓️ 29 January 2025

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode, Rox and Rich get brutally honest about their financial journeys, sharing how debt, addiction, and shame shaped their lives. Rox opens up about hitting rock bottom with debt, the overwhelming shame of a poor credit rating, and the challenges of climbing out of financial chaos. Rich reveals how his past struggles with poverty and gambling addiction made him hyper-cautious with money—and how they’ve found balance together despite their very different approaches.

They also explore the link between ADHD and overspending, the mental health impacts of financial stress, and why it’s so important to break the stigma around money struggles. Packed with raw honesty, hope, and practical advice, this episode is for anyone who’s ever felt trapped by their finances. You’re not alone—and there’s a way forward.

Transcript

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0:00.0	Welcome to the late bloomer's podcast where we are getting our lives together.
0:06.5	Eventually, it's a pretty big topic today, isn't it?
0:11.1	Yeah, we're going to talk about money and actually thinking about it.
0:15.3	Nobody ever talks about money on the internet.
0:18.1	I don't know why.
0:19.1	They also don't talk about rolling their own tampons.
0:22.4	It's true. Yeah. But here we are. Talking about the things that nobody else will.
0:28.2	Because it's apparently shameful and embarrassing. I guess this topic is just really private
0:34.3	and maybe can be embarrassing and, well, I suppose let's get into it with our stories right
0:40.0	I think if you're in debt you don't want people to know I was so ashamed and I was in debt and if you're
0:45.5	earning loads of money you don't want people to know so no one ends up talking about it but actually
0:50.8	it can cause a lot of serious mental health problems. It can be really destructive,
0:56.5	as we both know. So I think we should speak about it. Well, they say that money can't buy
1:03.1	happiness, which is clearly true, but it definitely can buy misery. Oh, I think. Overdrafts and credit cards.
1:11.7	Yeah, yeah.
1:12.6	So maybe let's start with what's your relationship with money.
1:18.1	I'm interested to know how you answer this.
1:24.2	So my relationship with money has not been very good. Yep. And I'm talking forever. So I remember as a young kid, signing up the catalogue credit cards. What, how young?
1:43.1	Nine, ten. But what? How? How? You can't? Nine, ten.
1:44.9	What?
1:47.2	How, you can't do that, though?
1:52.4	They never asked for official government ID and I just said I was over 18, so I'd lied about my birthday.
	...

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