In this How to Handle MONEY episode, Shang Saavedra shares her expertise on the connection between mindset and financial success, emphasizing how mental health impacts decision-making, especially under stress. She offers practical strategies for cultivating an abundance mindset, managing stress, and making smarter financial choices in uncertain times.

Key Topics

- The impact of mental health on financial decision-making

- Strategies for managing stress and emotional reactions to money

- The role of mindset and beliefs in wealth creation

About the guest, Shung Saavedra

Shang Saavedra is the founder and CEO of Save My Cents, a nationally recognized personal finance expert and a book author. Shang finished saving for her retirement by the age of 31, and is America's leading expert on saving a retirement with joy. Shang's insights have been published by Business Insider, CNBC, Forbes, Fox Business, USA Today, Time / NextAdvisor, Nasdaq, The New York Post, Kiplinger, and she has been named by Time / NextAdvisor as one of The 25 Most Influential New Voices of Money. Previously, Shang was a corporate strategist for several Fortune 500 companies. Shang received her bachelor's degree in economics from Harvard and her MBA from The University of Chicago Booth School of Business. Her book, Wealth Is a Mindset, published in January 2025 with Third State Books.

Chapters

00:00 Introduction to Money Mindset

03:07 The Connection Between Mental Health and Financial Decisions

06:08 Navigating Stress and Making Financial Decisions

09:06 Shifting Mindsets: From Scarcity to Abundance

11:59 Using Social Media for Financial Inspiration

15:01 The Role of Wealth in Personal Choices

18:00 Acting As If: Embracing a Wealthy Mindset

20:53 Embracing Discomfort for Growth

24:03 The Balance of Intuition and Data in Financial Decisions

28:12 Grounding Emotions with Financial Literacy

30:41 Reframing Our Money Mindset

35:52 Navigating Job Loss and Maintaining a Positive Mindset

38:58 Money as a Tool: Changing Our Perspective

Keywords

money mindset, personal finance, stress management, wealth building, mental health, financial decisions, abundance mindset, improv techniques, financial literacy, wealth psychology

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