The Financial Wellbeing Podcast
Business:Investing
In this episode, we sit down with Financial Psychology expert Dr Sonya Lutter. Delving into the root causes of our financial decision-making, from the impact of societal expectations on our spending to the role of inner conflict and psychological stress on our financial choices. With some great exercises you can explore with your partner and yet another brilliant #tightasstommo money saving tip, this is an episode not to miss.
IntroductionsThe Financial Wellbeing Podcast has been going for 8 Years
Want to work with Producer Tommo and a like minded team? Come and have a chat with Ovation
What’s on Today’s Podcast?Interview with Financial Psychologist and founder of The Financial Therapy Association in the USA, Sonya Lutter
Tight Ass TommoBridging the gap between therapy, counselling, coaching and financial planning.
What is at the root of our bad money making decisions?
We act how others think we should – often in conflict with our own values.
Inner conflict and psychological stress
In fight or flight mode blood is not pumping through our brain to aid thinking – when stressed we are protecting ourselves in the moment, not thinking long term.
The disconnect between what we do, due to how we perceive others think we should act, versus acting on our own personal values.
Why it’s hard to be content with what you have
Your friends friends have more impact on your happiness than a salary increase. So pay attention to how your friends make you react.
Happiness doesn’t just happen, it takes effort
How joint bank accounts lead to better relationships – talking about money together
Exercise for couples – tell your partner about your earliest money memory
Suggestions for financial advisors to help make an impact in their clients lives
Conclusions from the guysGet past superficial thoughts and get deeper understanding of your core values
Another exercise for couples
Dr Sonya Lutter is Director of Financial Health and Wellness Director of Financial Health and Wellness at Texas Tech University School of Financial Planning and founded the ELITE academy to help bridge the gap between financial planning and mental health.
Come and connect with Dr Sonya Lutter on LinkedIn for more information.
Episode 30: Young Money with Iona Bain
Episode 29 – A Cracker of a Podcast with Hafdis Huld
Episode 28 – DB or Not DB That is the Question
Episode 27: The Power of Negativity with Oliver Burkeman
Episode 26: Risky Business
Episode 25: Behavioural Economics with Greg Davies
Episode 24: Personal Responsibility Against Financial Fraud
Episode 23: Engaging With Your Money with Simon Read
Episode 22: What Does a Financial Plan Look Like?
Episode 21: Financial Capability with Neil Bage
Episode 20: The Inflation Basket – Where Fish Fingers Meet CDs
Episode 19: “Financial Entertainment” with Carl Richards
Episode 18: How to Get Help
Episode 17: Money Emotions with Simonne Gnessen
Episode 16: Take the First Step
Episode 15: Redefining “Goals” With Carl Richards
Episode 14: Busting Myths
Episode 13: Philanthropy – Behind The Scenes
Episode 12: Philanthropy
Episode 11: Community Wellbeing with George Ferguson
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