“Financial intimacy is as important as physical, romantic intimacy. It is as important and it takes a lot of vulnerability being able to trust another person to see what you have and what you don't have, and to still accept you and love you for that. That requires so much vulnerability.”

Get ready to transform your understanding of financial harmony in relationships! Our host, Ed Coambs, and fellow Financial Therapist Dr. Traci Williams share their wealth of knowledge on addressing financial conflicts within couples. You'll be equipped with actionable insights on why it’s crucial to understand each other's financial backgrounds and experiences before diving into budgeting. Traci explains how emotional and psychological factors play a pivotal role in financial decision-making, and why empathy and open communication are essential in resolving conflicts.

Ever wondered how your past trauma might be affecting your ability to plan for the future? Dr. Williams enlightens us on the importance of connecting with our future selves and the profound impact childhood trauma can have on this ability. Discover various therapeutic approaches to healing past wounds and why there's no one-size-fits-all solution. From envisioning future stages of life to focusing on personal growth, you'll find strategies to aid in your journey toward a healthier financial and emotional future.

Learn the critical importance of discussing finances early in relationships and identifying red flags that could jeopardize financial harmony. Dive into practical ways to align family values with financial decisions, and how to engage family members, even young children, in meaningful conversations about values and priorities. This episode is packed with essential advice to foster stronger family bonds and financial well-being.

Key Topics:

• Understanding Each Other’s Money Perspectives (01:17)
• Manage Conflict by Taking Breaks, Remembering Positive Aspects of Each Other (05:36)
• Connecting with Future Self, Healing Childhood Trauma, and Taking Action toward Your Desired Future (16:09)
• Financial Intimacy and Vulnerability in Relationships (22:27)
• Financial Therapy and the Connection to Personal Finance, Relationships, and Trauma (29:23)
• Navigating Hard Financial Decisions in Relationships (34:32)
• The Values Around a Financial Therapist (41:35)

Resources:

• Healthy Wealthy Roots on IG and TikTok
• Poui Consulting

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