220: The Psychology of Money: Insights from Financial Therapy on Spending Habits, Lessons Learned, and Wealth Growth

Lindsey Konchar made a daring pivot during the pandemic, turning her expertise as a licensed therapist into a specialized focus on financial therapy. Inspired by her own challenges with motherhood and postpartum experiences, Lindsey"s journey is one of resilience and rediscovering passion. As a guest on our podcast, she shares how she overcame personal obstacles to follow her intuition, leading her to write a book and launch her entrepreneurial path. Lindsay"s story highlights the often-overlooked emotional aspects of financial decisions and the critical role of emotional support in achieving financial wellness. Our conversation uncovers the intricate dance between money and emotions, drawing connections between upbringing, ingrained behaviors, and financial choices. We emphasize the necessity of open communication about money within relationships and the impact of social media on spending habits. Lindsey and I discuss why parents frequently overspend on their children and stress the importance of viewing personal and business finances as interconnected parts of a larger financial strategy. Together, we advocate for a holistic approach to financial planning that considers both emotional and practical elements. Building healthy financial habits within a family is another focus of the episode. Regular "money dates" for partners can bridge understanding gaps, while involving children in financial discussions can set the foundation for lifelong money management skills. Lindsey"s personal anecdotes illustrate how even siblings raised in the same environment can develop distinct financial personalities. We conclude with reflections on intentional living and resisting impulse purchases, offering listeners practical insights to apply to their personal and financial goals. Join us on this enlightening journey, and remember to support the podcast by leaving a five-star review and sharing it with friends. Resources: Lindsey’s Websites: https://copingwithlindsey.com/  Camille’s Website: https://camillewalker.co/call-me-ceo-podcast/ Connect with Lindsey: Instagram: https://www.instagram.com/financialtherapistlindsey/  Connect with Camille:  Follow Camille on Instagram: www.instagram.com/CamilleWalker.co Follow Call Me CEO on Instagram: www.instagram.com/callmeceopodcast