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 want* We explore the structural and system issues that influence why/how professional athletes go bankrupt * How casinos and banks can be complicit in bankruptcies/financial issues* How money doesn't change people, rather it is an accelerant * How "financial systems" influence our financial outcomes* Why creating financial boundaries are so important?* How financial set points influence your financial outcomes* How 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 HERE* Dr. Somers' book "Advice That Sticks" CLICK HERE* Dr. Somer's LinkedIn Profile CLICK HERE