Welcome to the Money Strong Monday morning broadcast with Dr. Bryan Foltice! 

In this episode, we break format to discuss the latest economic updates, including the state of the S&P 500, inflation rates, and interest rates, and their impacts. Dr. Foltice then dives deep into this episode's primary topic—NIL (Name, Image, and Likeness) money and its significant effect on student-athletes in U.S. colleges. 

Learn about the various tiers of NIL compensation, financial challenges, and opportunities athletes face, and the importance of providing the right support and education to help them navigate this new landscape. Also, get a sneak peek into Dr. Foltice's upcoming fall courses and plans for supporting student-athletes with money management and financial wellbeing.

00:00 Introduction and Today's Agenda
00:59 Economic Update: Market Trends and Federal Reserve Policies
06:57 Preparing for the Upcoming Academic Year
08:29 Deep Dive: NIL Money in College Athletics
15:34 Understanding the Tiers of NIL Earnings
26:23 Conclusion and Upcoming Discussions

Check out www.moneystrong.net and www.bryanfoltice.com for more information. 

Support the show

Bryan Foltice Behavioral Finance Website - www.bryanfoltice.com
Money Strong Program - www.moneystrong.net

Instagram - www.instagram.com/bryanfoltice
Linkedin - https://www.linkedin.com/in/bryan-foltice-2578a116/

Disclaimer: www.bryanfoltice.com/cv

How I Overspent $3300 in June & What I Learned From It | Money Strong Podcast

In this episode of the Money Strong Podcast, Dr. Bryan Foltice shares his real-life experience of going over his monthly budget by $3300 in June. He provides insights into how unexpected expenses and impulsive spending can derail financial plans. Learn about his approach to dealing with the aftermath and how he aims to throttle back, simplify life, and regain control over his finances. Follow along as Dr. Foltice wraps up his series on financial well-being, emphasizing the importance of mindset in managing money. Don't miss his tips on how to bounce back from financial mistakes and build a more stable future. Remember to like, comment, and subscribe!

00:00 Introduction and Episode Overview
03:11 A Month of Overspending: My June Story
05:01 The Financial Impact of Summer Activities
08:37 Unexpected Expenses and Financial Missteps
12:44 The Day of Reckoning: Realizing the Overspend
16:04 Strategies to Regain Financial Control
17:30 Reflecting on the Root Causes of Overspending
21:03 Simplifying Life for Better Financial Health
23:41 Mid-July Update: Progress and Optimism
26:45 Conclusion and Final Thoughts

Support the show

Bryan Foltice Behavioral Finance Website - www.bryanfoltice.com
Money Strong Program - www.moneystrong.net

Instagram - www.instagram.com/bryanfoltice
Linkedin - https://www.linkedin.com/in/bryan-foltice-2578a116/

Disclaimer: www.bryanfoltice.com/cv

Tackling Financial Anxiety and Shame: Steps to Overcome

Welcome back! In this episode, we delve into the often overlooked aspects of financial well-being—financial anxiety and shame. Dr. Bryan Foltice explains how money is more than just numbers; it's tied to our emotions and past experiences. Using references from the show 'Big Mouth,' he illustrates how anxiety and shame manifest, especially in finances. Dr. Foltice provides actionable steps to overcome these feelings: identifying triggers, removing judgment, taking small steps, building habits, and seeking support if needed. Join us in breaking down the stigma around financial struggles and improving your financial confidence. Don't miss next week's episode, where Dr. Foltice shares his own financial mistakes and how he's dealing with them.

00:00 Introduction and Recap
01:31 Understanding Financial Anxiety and Shame
04:15 The Impact of Financial Shame on Students
07:30 Steps to Overcome Financial Anxiety and Shame
12:47 Seeking Support and Resources
14:21 Conclusion and Upcoming Topics

Support the show

Bryan Foltice Behavioral Finance Website - www.bryanfoltice.com
Money Strong Program - www.moneystrong.net

Instagram - www.instagram.com/bryanfoltice
Linkedin - https://www.linkedin.com/in/bryan-foltice-2578a116/

Disclaimer: www.bryanfoltice.com/cv

Unpacking Money Beliefs: Key to Financial Wellbeing

Welcome to the Money Strong Podcast hosted by Dr. Bryan Foltice, where we dive deep into the psychology behind our financial decision-making. In this episode, we explore the hidden beliefs about money that stem from our upbringing, culture, media, and personal experiences. 

Dr. Foltice discusses common money beliefs such as money avoidance, money worship, and money vigilance, and how these beliefs impact our financial behaviors. Learn how to identify and shift these beliefs through awareness, questioning, and rewiring, to improve your financial wellbeing. Don't miss this insightful conversation designed to help you build confidence and take control of your financial future.

00:00 Introduction to the Money Strong Podcast
00:49 Understanding Money Beliefs
01:46 Types of Money Beliefs
05:14 Impact of Money Beliefs on Behavior
08:00 Common Money Beliefs and Their Effects
17:03 Shifting and Rewiring Money Beliefs
20:26 Conclusion and Final Thoughts

Support the show

Bryan Foltice Behavioral Finance Website - www.bryanfoltice.com
Money Strong Program - www.moneystrong.net

Instagram - www.instagram.com/bryanfoltice
Linkedin - https://www.linkedin.com/in/bryan-foltice-2578a116/

Disclaimer: www.bryanfoltice.com/cv

Understanding and Changing Your Financial Behavior | Money Strong Podcast

Join Dr. Bryan Foltice on the Money Strong Podcast as he dives into the psychology behind financial decision-making. Discover why knowing the right financial behaviors isn't enough and learn how to change your habits for the better. In this episode, 

Dr. Foltice discusses the influence of habits, emotions, and environment on financial behavior and introduces a five-step process to foster lasting change. He also shares personal insights and encourages listeners to start small, celebrate milestones, and prioritize progress over perfection. Tune in for actionable tips to improve your financial wellbeing and gain control over your money.

00:00 Introduction to the Money Strong Podcast
00:49 Understanding Financial Decision Making
01:53 The Challenge of Changing Financial Behaviors
02:37 Identifying and Changing Financial Habits
05:49 The Five-Step Process to Behavior Change
14:51 Replacing and Automating Positive Behaviors
17:19 Tracking Progress and Celebrating Milestones
19:17 Conclusion and Final Thoughts

Support the show

Bryan Foltice Behavioral Finance Website - www.bryanfoltice.com
Money Strong Program - www.moneystrong.net

Instagram - www.instagram.com/bryanfoltice
Linkedin - https://www.linkedin.com/in/bryan-foltice-2578a116/

Disclaimer: www.bryanfoltice.com/cv

Unlocking Your Financial Potential: Understanding Money Memories & Motivations

Welcome to the Money Strong Podcast with Dr. Bryan Foltice, dedicated to helping you gain confidence and control over your finances. In this episode, we explore the deep-seated impact of 'money memories' from childhood and how they shape our financial behaviors today. 

Dr. Foltice breaks down different money motivations including security, freedom, status, avoiding, giving, and optimizing, explaining how these motivations influence financial decisions. Learn how self-awareness can lead to better financial habits and decisions. Tune in to start transforming your financial mindset and build a healthier relationship with money.

00:00 Introduction to Money Strong Podcast
00:49 Exploring Money Memories
07:58 Understanding Money Motivations
15:18 Conclusion and Final Thoughts

Support the show

Bryan Foltice Behavioral Finance Website - www.bryanfoltice.com
Money Strong Program - www.moneystrong.net

Instagram - www.instagram.com/bryanfoltice
Linkedin - https://www.linkedin.com/in/bryan-foltice-2578a116/

Disclaimer: www.bryanfoltice.com/cv

Understanding Financial Wellbeing: Key Components and Why It Matters

Welcome to the Money Strong Podcast, where Dr. Bryan Foltice helps listeners build confidence and control over their finances. 

In this episode, Dr. Foltice explores the true meaning of financial wellbeing, breaking down its components such as security, confidence, and control. 

He discusses the importance of not fixating on a specific financial 'magic number' and delves into the concept of financial wellbeing as defined by the Consumer Financial Protection Bureau (CFPB), including living with a margin between income and expenses, the capacity to absorb financial shocks, and progress towards financial goals. 

Additionally, Dr. Foltice examines the impact of financial wellbeing on various life aspects like mental health, physical fitness, life fulfillment, relationships, and having fun. Stay tuned to understand your money motivations in the next episode.

00:00 Introduction to the Money Strong Podcast
00:42 Defining Financial Wellbeing
02:36 Components of Financial Wellbeing
04:50 Steps to Achieve Financial Wellbeing
08:03 The Impact of Financial Wellbeing on Life
08:25 The Six Fs of Life and Finance
15:42 Conclusion and Next Steps

Support the show

Bryan Foltice Behavioral Finance Website - www.bryanfoltice.com
Money Strong Program - www.moneystrong.net

Instagram - www.instagram.com/bryanfoltice
Linkedin - https://www.linkedin.com/in/bryan-foltice-2578a116/

Disclaimer: www.bryanfoltice.com/cv

Understanding Ambiguity Aversion: How Uncertainty Affects Financial Decisions

In this episode of the Money Strong podcast, hosted by Dr. Bryan Foltice, we dive into the concept of ambiguity aversion as part of our Psychology Saturday segment. 

Bryan explains how individuals prefer known risks over uncertain outcomes and how this affects various aspects of financial decision-making, from stock market behavior to personal finance choices. Real-life examples include investment preferences, insurance purchases, and career decisions. 

Bryan also shares his personal experiences and offers practical steps to help listeners overcome ambiguity aversion and make more informed financial choices. Tune in for insights and actionable advice to enhance your financial well-being.

00:00 Introduction to Psychology Saturday
01:42 Understanding Ambiguity Aversion
03:36 Ambiguity Aversion in Finance
07:27 Ambiguity Aversion in Personal Decisions
11:20 Overcoming Ambiguity Aversion
16:54 Conclusion and Call to Action

You can also find more information and free resources at www.bryanfoltice.com and at www.moneystrong.net. 

Support the show

Bryan Foltice Behavioral Finance Website - www.bryanfoltice.com
Money Strong Program - www.moneystrong.net

Instagram - www.instagram.com/bryanfoltice
Linkedin - https://www.linkedin.com/in/bryan-foltice-2578a116/

Disclaimer: www.bryanfoltice.com/cv

Understanding Financial Independence: Breaking Down the Four Levels

In this episode of the Money Strong Money Monday podcast, hosted by Dr. Bryan Foltice, the focus is on clarifying the concept of financial independence. 

Bryan introduces a four-level framework to help listeners understand and navigate their journey toward financial independence. 

He starts by defining Level 1 as the stage where individuals work to get out of debt and build an emergency fund. 

Level 2 involves generating passive income through assets like real estate and stocks. 

Reaching Level 3 means passive income exceeds expenses, allowing more financial freedom. 

Finally, Level 4 represents ultimate financial flexibility, where income surpasses all expenses by a significant margin. 

Bryan also encourages listeners to engage with Money Strong's online resources, including their educational programs and social media channels.

00:00 Welcome to Money Strong Money Monday
00:21 Introduction to Financial Independence
00:49 Money Strong Programs and Offers
02:39 Understanding Financial Independence Levels
05:02 Level 1: Ground Level Starting Line
06:42 Level 2: Building Passive Income and Wealth
09:36 Level 3: Passive Income Outweighs Expenses
14:43 Level 4: Ultimate Financial Flexibility
16:16 Conclusion and Final Thoughts

You can also find more information and free resources at www.bryanfoltice.com and at www.moneystrong.net. 

Support the show

Bryan Foltice Behavioral Finance Website - www.bryanfoltice.com
Money Strong Program - www.moneystrong.net

Instagram - www.instagram.com/bryanfoltice
Linkedin - https://www.linkedin.com/in/bryan-foltice-2578a116/

Disclaimer: www.bryanfoltice.com/cv

Understanding Mental Accounting: Avoiding Common Financial Pitfalls

In this episode of the Money Strong Personal and Behavioral Finance podcast, host Dr. Bryan Foltice introduces 'Psychological Saturday' with a deep dive into mental accounting. Learn how categorizing money in different areas can lead to both optimal and suboptimal financial decisions. 

This episode covers how we categorize our investments, income, and financial events, and explores concepts from prospect theory, loss aversion, and the sunk cost fallacy. 

Bryan also highlights the tendency to overweight low probabilities and offers tips on making better financial decisions. Tune in for insights that could transform your approach to personal finance. 

Visit www.MoneyStrong.net and connect on social media for more financial advice and resources.

00:00 Introduction to Mental Accounting
00:59 Behavioral Finance Concepts
02:12 Categorizing Investments and Income
06:03 Categorizing Spending
11:06 Categorizing Financial Events
16:48 Overweighting Low Probabilities
18:39 Conclusion and Further Learning

You can also find more information and free resources at www.bryanfoltice.com and at www.moneystrong.net. 

Support the show

Bryan Foltice Behavioral Finance Website - www.bryanfoltice.com
Money Strong Program - www.moneystrong.net

Instagram - www.instagram.com/bryanfoltice
Linkedin - https://www.linkedin.com/in/bryan-foltice-2578a116/

Disclaimer: www.bryanfoltice.com/cv