When most podcasters talk about money and emotions, they talk about how people feel about their money. My approach is quite different in that I look at the emotions you are acting out through your money. In this episode, I talk about how what you feel when dealing with money is never about money – and what it is about.


Highlights:

You can use your money feelings to understand your emotional makeup.
If you are afraid of running out of money, that indicates that you are feeling alone.
If you think you need more money, you are saying that you need more people because money is always attached to people.
Feeling like there’s never enough means that you feel like not enough.
The fear of losing what you have is often the result of abandonment stories.
The idea is to recognize the feeling and express it.
When you hear yourself thinking that you need more money, ask yourself, “What am I feeling?”
How you were brought up – either in poverty or wealth – will affect your money emotions.
If you let yourself deal with the feelings, you aren’t going to have to repeat the dramas.
Learning how to manage cash flow can mollify financial fears.
When you learn how to put off purchases, you can manage your money better.
I talk about learning how to delay gratification.
If you learn how to manage your need for gratification and your dopamine signals that you need more, you can feel better about yourself and your money.
You can use the Covid pause to retrain your emotional responses.
Focus on what you have, not what you don’t have.
This is a good time to learn to recognize and deal with your emotions.