Healthy Love & Money: Financial Therapy, Intimacy, Conflict & Communication for Couples

“Your usage of money is going to affect your happiness one way or another. There’s no getting around that.”

Our host, Ed Coambs, embarks on a fascinating journey through the intricate maze of financial intimacy with Professor Scott Rick. They explore how money shapes our relationships and overall well-being. Listen in as Scott shares humorous and poignant insights from his book "Tightwads and Spendthrifts: Navigating the Money Minefield in Real Relationships," illuminating the profound effects of our financial behaviors. From the challenges of navigating spending habits between partners to the behavioral science that underpins our attitudes toward money, this episode is a treasure trove of wisdom for anyone looking to balance love and finances.

Discover the compelling dynamics between tightwads and spendthrifts, and the impact these traits have on personal connections, as highlighted by personal anecdotes such as Ed’s son's quest for Air Jordans. Scott's expertise in financial psychology offers a fresh perspective on the significance of understanding where we fall on the financial behavior continuum. Ed and Scott uncover the importance of empathy and clear communication in financial planning for couples.

Wrapping up this enlightening discussion, they delve into the emotional complexities of gift-giving, budgeting for different personality types, and the transformative potential of financial therapy. So tune in, and let this episode guide you toward a deeper understanding of financial intimacy, the importance of strategic financial planning, and the joy that mindful money management can bring to you and your relationships.

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“A lot of people who get burned out, have mistaken their priorities. Their personal life gets the scraps of their professional life, versus building a way to work that is going to support your personal goals and desires.”

Our host Ed Coambs takes an enlightening journey with David Greenwood, as he brings to light the struggles and triumphs of navigating ADHD and burnout in adult life. Their exploration into the realm of professional success and personal fulfillment uncovers the often-overlooked aspect of financial intimacy, revealing how it can make or break the well-being of relationships. David's approach to cultivating open dialogue and trust with your partner provides a transformative strategy for those looking to harmonize their love life with their bank account.

This conversation is teeming with practical advice on tackling to-do lists, setting boundaries, and mastering the art of delegation. Discover how to overcome 'time blindness' and witness the positive effects that improved work management can have on your personal and intimate relationships. David's insights remind us of the importance of understanding our unique needs to achieve a harmonious work-life balance.

Ed and Dave reflect inward, considering the power of self-reflection in the financial intimacy journey. Dave’s transition from struggling student to accomplished entrepreneur, mentor, and author offers inspiration to embrace diverse mentorship and the courage to explore new professional paths. Don’t miss this episode of Healthy Love and Money, which is sure to leave you with a healthy handful of powerful takeaways to enrich your personal and professional life.

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“It's important to talk to them in their own language. If you have a 10-year-old, you want to pretend that you are 10 years old. Whatever it is that you're saying, try to explain it like a 10-year-old.”

Unlock the keys to raising investment-savvy children with the guidance of financial literacy pro, Maya Corbic. Our host Ed Coambs along with Maya not only delve into the practicalities of demystifying the financial world for youngsters but also navigate the transition from hands-on workshops to the expansive reach of digital platforms. Maya’s family’s journey from a war-torn land to financial autonomy in Canada offers a striking backdrop to the discussion.

As Ed and Maya connect the dots between family, finance, and personal well-being, Maya provides insights into the unique financial hurdles immigrant families often encounter and the psychological resilience necessary to thrive. They look into the broader aspects of well-being that transcend mere wealth accumulation, from the equilibrium of spiritual grounding to the necessity of self-care amidst entrepreneurial ventures. The conversation sheds light on the art of maintaining not only financial balance but also harmony in one's personal life, acknowledging the inevitable shifts that time and life transitions bring.

Ed and Maya touch on the delicate symphony of managing finances within a marriage, where open communication can transform historical money matters into shared dreams for the future. This episode promises to inspire families to embark on a financial intimacy journey, fostering both economic savvy and emotional intelligence in the next generation.

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“When we talk about particularly financial difficulties, debt, and so forth, the picture isn't always as straight, clear cut as it seems.”

Welcome back to another enlightening edition of the Healthy Love and Money Podcast, venturing beyond the numbers to uncover the emotional and relational sides of finance. Joining our host Ed Coambs is Professor Lewis Prisock, whose vibrant discussions on the financial predicaments of the upper class will challenge your assumptions and broaden your perspective. Together, they peel back the layers of complexity that often shroud the economic struggles of the presumed well-to-do, revealing that it's not just lavish lifestyles that lead to downfall, but a tapestry of societal and economic factors. Professor Prisock’s upcoming book promises to delve into these issues, offering a fresh lens through which to view the unique pressures faced by those higher up the socioeconomic ladder.

Listen in as they explore the subtle undercurrents of economic mobility and the intense social pressures that shape the financial decisions of upper-middle-class families. It's a conversation that uncovers the societal expectations of parenting, the investment in our children's futures, and how these dynamics can lead to unexpected hardship. Ed and Louis dive into the discussion of first-generation members in affluent classes and what their presence signifies about the American Dream.

Their journey also takes us through the intersection of religion, society, and money, as they reflect on how our beliefs and values intricately influence our financial behavior. Rounding off this thought-provoking session, they address the notion of intrinsic human worth, emphasizing that our financial struggles do not define us morally. This episode promises to leave you with a deeper appreciation for the nuances of financial intimacy and personal value, so don't miss out on these captivating insights.

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"One of the best ways that I've discovered to broach a hard conversation or something where we might be feeling some kind of way about bringing up a touchy subject is to use the phrase, ‘I have something on my heart that I want to share with you. Are you open to receiving it?’”

Our host Ed Coambs takes a transformative journey with voice and embodied leadership coach Elise Besler, as they navigate the intricacies of financial intimacy and the power of self-awareness. Listen in as they discuss the crucial role of the nervous system in not only reclaiming our voice but also in the delicate dance of financial conversations within our most intimate relationships.

Discover the surprising ways our nervous system influences our communication and stress responses, often linked to past traumas. With a touch of humor and real-life examples, this episode highlights the importance of recognizing our body's intelligence in emotional regulation. You'll learn the art of creating felt safety in conversations, a key to authentic expression, especially when the topic turns to money matters in couples' therapy. Elise's expertise brings to light the necessity of daily practices to bolster resilience against life's stressors.

Ed and Elise round off this enlightening discussion by addressing the often-overlooked concept of financial intimacy. With practical advice and relatable scenarios, they guide us through initiating challenging money discussions, emphasizing the need for consent and emotional regulation.

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“You have to find the right financial professional because you’re going to get financially naked with them.”

Have you ever felt overlooked or misunderstood by your financial advisor? Maggie Nielsen and Barb Provost, the dynamic mother-daughter duo behind Purse Strings, join our host Ed Coambs to unpack the critical concept of financial intimacy and its transformative power in women's lives. Their personal journeys, combined with a trove of experience in adult education and business, fuel a conversation that sheds light on the financial industry's shortcomings and the dire need for women to step into their financial prowess.

Navigating the financial landscape within relationships can often feel like threading a needle blindfolded, but it doesn't have to. In this episode, Maggie, Barb, and Ed address the fundamentals of financial empowerment, from the necessity of emergency savings to the wisdom of maximizing workplace benefits. Maggie and Barb champion the idea that regardless of gender, both partners in a relationship should command the financial reins as equals. They tackle the cultural stigmas around money talks, advocating for a shift towards collaborative and informed financial decision-making that can strengthen the bonds of any partnership.

They delve into the importance of setting ambitious goals, advocating for career advancement, and actively managing finances through investments and salary negotiations. They also touch on the emotional complexities that come with financial planning, including how to handle unexpected windfalls with grace and intelligence. Listen in as Ed, Maggie, and Barb unravel the threads of financial intimacy, aiming to inspire you to wield your financial knowledge with confidence and share it forward to cultivate a culture of healthy fiscal management in your relationships and beyond.

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“There's a lot of people now who think if only they had the generational wealth transfer, like those Trust Fund babies had, their life would be wonderful. There are some people though, that receive it and feel guilty. And what ends up happening is, a lot of times, they throw it away.”

Our host Ed Coambs continues his conversation with fellow Financial Therapist Tara Unverzagt with a focus on navigating generational wealth. They take an emotional journey through the challenges of passing down prosperity, touching on the delicate balance between fostering ambition in heirs and the unintended consequences of inheritance. Tara sheds light on the role financial therapy plays in wealth management, helping individuals grapple with the complex feelings that money can evoke—from the swell of gratitude to the paralyzing weight of guilt.

Ed and Tara dissect the intricate dance between supporting children financially and teaching them vital life lessons. Hear from those who've walked the tightrope, sharing stories of wealth transition, the guilt of unearned affluence, and the ethical dilemmas faced by financial planners. They question the societal constructs around money, worth, and the impact of professional status, offering a contemplative look at how these factors shape our sense of self and the stewardship of family fortunes. All this and more in this episode of Healthy Love and Money!

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“It's okay that you've had those experiences, and that you're now showing up like this because of that. But once you name it, and once you shine the light on it, it sort of takes away the power of those experiences.”

Our host Ed Coambs and fellow Financial Therapist Tara Unverzagt navigate the often-overlooked space of financial intimacy. Tara brings her expertise on the confluence of wealth, personal relationships, and family dynamics. As they dissect the complexities of money's role in our lives, they shine a light on the transformative power of confronting our financial beliefs and behaviors. Tara's compelling narrative, shaped by her mother's pioneering work as a Certified Financial Planner and her own shift from tech to finance, provides a rich context for the discussion on making purposeful financial choices while balancing career and family life.

Venture into the heart of family businesses and the nuanced process of transitioning leadership across generations. Ed and Tara peel back the layers of women's unique challenges in finance and acknowledge the sweeping changes in the advising landscape. For those seeking guidance, they debunk myths and offer pearls of wisdom on selecting the right financial advisor, beyond the simplicity of investment management.

Ed and Tara look into the profound effects of therapy-informed financial planning. Listen as they recount journeys of individuals and couples who have worked through financial anxieties and internal conflicts with the aid of methods like Internal Family Systems (IFS). They wrap the episode with a look at the delicate intricacies of family wealth transition, urging listeners to introspect on their relationship with money and the path toward deeper financial intimacy. Tune in next week to episode 83 for part two of this conversation!

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“You have to logically tell your money what to do, or it will emotionally disappear.”

Ever felt like your money is playing a game of hide and seek with you? Our host, Ed Coambs, is joined by fellow CFP® Pam Horack to unravel this mystery, sharing her Smart Women Budgeting program wisdom. Together, they tackle the common misconception that more ‘money equals more problems,’ revealing how mindful management can actually lead to 'more money, less problems.' The discussion provides a foundational look at budgeting, emphasizing its critical role in financial planning, and how it paves the way for both women and men to direct their cash flow with purpose.

As the conversation flows, they unearth the renaissance of paper budgeting among the younger crowd and shine a light on the latest budgeting apps. These tools aren't just about tracking where your last paycheck went—they're about planning for a future where your savings account isn't just a number, but a growing testament to your financial well-being. Ed and Pam share personal anecdotes and strategies for overcoming financial regrets and zoom in on the importance of carving out a savings plan that works for you, step by incremental step.

Wrapping up, they dive into the transformative power of open financial dialogues within households. It's a realm where budgeting isn't just a solo act but a duet that can harmonize your home's financial stability and grow your collective net worth. Join us on this expedition to financial intimacy in this special edition of Healthy Love and Money!

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“Money isn’t the easiest measuring stick, right? How do you quantify being able to take time with your kids? How do you quantify that? You can't do it with numbers, right? And yet, we only look at the numbers and I think it's such a danger. This is the tension. This is the balance that we play in.”

In this edition of Healthy Love and Money, our host Ed Coambs chats with Hannah Moore of Amplified Planning. The conversation digs deep into the heart of what truly makes us rich. Ed and Hannah explore the delicate balance between wealth and happiness, uncovering the life lessons money can't buy and the joy found in the simple act of sharing time with those we love. With Hannah's candor, they peel back the layers of our emotional ties to money, seeing past the numbers to the stories that define us.

Hannah brings to light the flexible nature of financial planning, likening it to meal prep for the soul, where adaptability is key. The chat ventures into the transformative power of therapy on money mindset, from the influence of marriage counseling to the intersection of mental health and financial habits. These revelations remind us that our net worth is not our life's worth, and the true currency of our existence is found in growth, understanding, and connection.

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