What is the Cost of FOMO | Talkin’ Money Unfiltered with Rachel Duncan

Everyone's Talkin' Money

Shari Rash

Self-improvement, Business, Health & Fitness, Mental Health, Education

4.2 • 648 Ratings

🗓️ 23 August 2025

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

What do Ponzi schemes, emotional spending, and IKEA shopping trips have in common? More than you think. In this Talkin’ Money Unfiltered conversation, I sit down with financial therapist Rachel Duncan to explore the wild history of Charles Ponzi, why scams like Bernie Madoff’s still happen today, and how “easy money” myths lure even the savviest investors. We also get personal about the emotional side of money—FOMO spending, consumerism as a hobby, and why it feels so intimate (and brave) to finally talk about money with friends. You’ll walk away learning: Why Ponzi schemes are built on trust, community ties, and the promise of high returns Red flags to watch for when evaluating an investment opportunity How FOMO spending silently taxes your wallet and relationships Why patience—not quick wins—is the real path to financial security How talking openly about money can actually deepen friendships and relieve financial shame Listen to the podcasts we talked about: Easy Money: The Charles Ponzi Story Debt Heads Whether you’ve ever wondered how smart people get caught in scams, or you just want to feel less alone about your own money choices, this episode is a must-listen. Instagram @everyonestalkinmoney Thank you to our sponsors! Policygenius - Head to policygenius.com to compare free life insurance quotes from top companies and see how much you could save. Ava - Help build your credit score with Meetava.com. Use promo code: Money Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey Jack, I'm seeing your business everywhere. Have you got a new marketing person or something?
0:04.8	You could say I've got a new secret weapon for print. Print? Oh, Vista print, right? That's not a secret.
0:10.8	How did you know? Come on. Custom posters, branded mugs, stylish flyers. Only one place prints all that. Vista print.
0:17.7	Yeah, I got business cards, stickers, t-shirts, booklets, signage, even photo books from my last holiday. Print everything for your business with Vista Print. Yeah, I got business cards, stickers, t-shirts, booklets, signage, even photo books from
0:22.0	my last holiday. Print everything for your business with VistaPrint. If you need it, we print it at
0:27.9	vistaprint.co.uk. You're listening to everyone's talking money, the show that's all about
0:34.0	making life richer, from your bank account to your mindset and everything in
0:39.4	between. Whether you're here to crush debt, grow wealth, or finally feel in control of your
0:46.6	cash, you are in the right place. Let's dive in and get you living life on your terms. You are one conversation closer to financial freedom.
1:14.4	Welcome to Talking Money Unfiltered.
1:18.6	The side of everyone's talking money where the guardrails come off.
1:26.9	No script, no interviews, just raw conversations about the messy, emotional, and very real side of money.
1:30.1	We're talking about the stories we usually keep to ourselves, the money traps we fall into, and the lessons we learned the hard way. Think of it
1:36.8	like grabbing coffee with a friend who isn't afraid to tell it like it is about money, and you're
1:42.6	totally invited to listen in. In today's episode,
1:46.1	I'm joined by Rachel Duncan. Rachel is a certified financial therapist, art therapist,
1:51.7	and the host of the Money Healing Club podcast. Rachel and I talk Ponzi schemes, scholastic book fairs,
1:59.1	a very quick trip to IKEA, and the cost of FOMO.
2:03.4	We swap stories about debt, consumerism, and why even a quick errand with a friend can teach
2:10.6	you something about money boundaries. It's part history lesson, part therapy session,
2:16.4	and part money confessional. You didn't know
2:19.5	you needed. Let's get into it. All I think about all day every day is money and all the
	...

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