Bradley T. Klontz is an author, founder of the Financial Psychology Institute, an associate professor of practice in financial psychology at Creighton University Heider College of Business, and managing principal of Your Mental Wealth.
If you struggle with getting your financial house in order, you may feel that what you need is more information on how things like stocks or IRAs or budgets work. However, my guest today would say that what you actually need most of all, is a better understanding of the relationship that your parents' and even your grandparents' had with money, and how the "money scripts" they've passed down to you have affected your own thinking about finances. His name is Brad Klontz; he's a psychologist who specializes in money issues and the author of Mind Over Money: Overcoming the Money Disorders That Threaten Our Financial Health. We begin our conversation discussing what Brad calls the Big Lie in personal finance. Brad then explains how money scripts form in your childhood, and can keep you from making progress with your finances in your adulthood. We dig into why you can feel shame over being both poor and rich, why it's hard to move ahead from the socio-economic status you came from and easy to get dragged back into a financial comfort zone, and how you can break out of old ingrained patterns. We end our conversation with how to be more intentional about the money scripts you're passing down to your own kids, including why you shouldn't tell them, "We can't afford that."Get the show notes at aom.is/moneyscripts.
It is my sincere pleasure to introduce you to financial therapist, Dr. Brad Klontz on today’s podcast. I’ve been a big fan of Dr. Klontz’s work since reading the book he co-authored with his father, Dr. Ted Klontz, Mind Over Money.You can also watch the video of our conversation by clicking here: https://youtu.be/zyKxu2aGTY0During our call, we discuss our experiences of assisting people with their money challenges and this is one powerful conversation that will leave you thinking about money in new and transformational ways. Listening to Brad talk about the lack of focus when it comes to traditional therapy and money is going to blow your mind just like it did mine. Brad is also a financial advisor and so his expertise is unusual and inspiring — giving all of us hope about the future of money and how we can take greater responsibility to create the life we really want to be living. You can learn more about Dr. Klontz by going to his website: www.Yourmentalwealth.com and also checking out his funny, financially educational and super inspiring YouTube channel.Bradley T. Klontz, Psy.D., CFP® is a Founder of the Financial Psychology Institute® and an Associate Professor of Practice in Financial Psychology at Creighton University Heider College of Business. He is a Managing Principal of Your Mental Wealth® Advisors, a Fellow of the American Psychological Association, and a Former President of the Hawaii Psychological Association. Dr. Klontz has been a columnist for the Journal of Financial Planning, On Wall Street, and PsychologyToday.com and has co-authored/co-edited five books on the psychology of money.The post AALP 212 – Transforming Your Money Beliefs with Dr. Brad Klontz appeared first on Wealth Clinic.