Episode #30: “The Power of Money Beliefs”

With Dr. Moira Somers Ph.D | Financial Psychologist | Author | Speaker Bio: Dr. Somers is a nationally recognized expert on financial psychology with a particular interest in the factors that affect people's financial decisions and actions. Her book, Advice that Sticks: How to Give Financial Advice that People Will Follow, has become an international bestseller. It tackles, head-on, the problem of unimplemented financial advice. Highlights: Why we don't make the financial decisions we wantWe explore the structural and system issues that influence why/how professional athletes go bankrupt How casinos and banks can be complicit in bankruptcies/financial issuesHow money doesn't change people, rather it is an accelerant How "financial systems" influence our financial outcomesWhy creating financial boundaries are so important?How financial set points influence your financial outcomesHow to forgive and encourage ourselves around financial setbacks Financial self-talk drives your financial bus Quotes: "You can get into financial issues when given too much rope," Dr. Moira Somers"Money is an accelerate….it makes you more of who you are" Dr. Moira Somers"Resilience is not fixed" Dr. Moira Somers Links: Dr. Somers' website CLICK HEREDr. Somers' book "Advice That Sticks" CLICK HEREDr. Somer's LinkedIn Profile CLICK HERE