181 — The Money Mindset Makeover to Help You Cope with Financial Anxiety with Elizabeth Husserl

Financial stress often has less to do with how much money you have and more to do with your mindset about money. Whether you’re worried that you can’t keep up with people in your life or you fear that you may not have enough later, addressing your financial anxiety begins when you understand the ties between money and psychology.
 
My guest, Elizabeth Husserl, is a registered investment advisor and author of The Power of Enough: Finding Joy in Your Relationship to Money.

 
Some of the things we discuss are:

• How to identify your financial story and your relationship with money
• Strategies for dealing with financial anxiety
• How to know when your anxiety is a reality or a misconception
• How to create a spending plan as opposed to a budget
• A 30-day challenge that can reduce your financial stress
• How to separate your sense of worth from how much money you have
• The biggest financial emergency you might ever experience

Key Takeaways:

• Acknowledging that you have a relationship with money is the first step to improving your financial well-being.
• Financial stress often arises from deeper psychological and cultural beliefs, not just from the numbers themselves.
• Engaging in open conversations about money can demystify financial stressors and improve mental resilience.
• Creating a spending plan can empower you to make intentional financial decisions instead of restrictive budgets.
• Building awareness of past, present, and future financial selves can enhance one’s financial preparedness and peace of mind.