Money and the Mind

Well…it's here. Our last episode. We so appreciate our listeners and guests and couldn't have kept the show going without you all!Audio outro: Earnest Jackson, Sugar Daddy and the Gumbo Roux, “Inflation”Audio outro: Never half-ass two thingsLinks:Welcome to Group Therapy podcastMoney and the Mind websiteMoney and the Mind playlistIntro music by David von Kampen

Andy and Aaron discuss recent economic conditions that might give rise to financial stress, including interest rates, inflation, and markets going down. Andy also walks through some financial therapy that's been helpful to clients.Audio outro: Fall Out Boy, “Sugar, We're Goin Down”Intro music by David von Kampen

Andy is on his own this week to share general therapeutic insights that his clients have found helpful. Topics include staying present, guided imagery, structuring time, writing a letter and destroying it, listing values, self-appreciation, vulnerability with money, reviewing expectations, internal validation, breathing, ups and downs of markets as a mental health analogy, thinking vs. knowing, boundaries, and more! Audio outro: The Killers, “Andy, You're A Star”Audio outro: Parks and Recreation, “That'll do, Andrew”Intro music by David von Kampen

Andy and Aaron discuss a listener's email about Dave Ramsey, when criticism becomes shame, and in the back half of the episode tackle the topic of personal responsibility and how to form meaningful connections.Audio outro: Dave Matthews Band, “Two Step”Links:Brene BrownWhy Checklist-Style Financial Planning Works: What Advisors Can Learn From Dave Ramsey's Baby StepsMillennial Mental Health Channel: Two Men Being Vulnerable About Their Struggles With Weight and Body Image on Apple PodcastsIntro music by David von Kampen

Andy and Aaron discuss “good” and “bad” emotions, avoidance, “God has a plan,” toxic positivity and money beliefs, a false sense of self, the importance of action, radical acceptance, Ted Lasso's toxic positivity, and more.Audio outro: Britney Spears, “Toxic”Links:The Dangers of Toxic Positivity (And How to Avoid It) | Jordan HarbingerToxic Positivity: Keeping It Real in a World Obsessed with Being Happy by Whitney GoodmanSam Bankman-Fried and the FTX collapse, explainedMan's Search for Meaning a book by Viktor E. FranklIntro music by David von Kampen

Andy and Aaron are back (we apologize for the lack of shows of late!). We discuss Dave Ramsey, student loan relief, how often finances come up in Andy's therapy sessions, what does success mean to you?, listening to your body, what we've been spending money and time on lately, and more!Audio outro: Maggie Rogers, “Symphony”Links:The Body Keeps the Score: Brain, Mind, and Body in the Healing of TraumaYou should always keep a $100 bill in your walletIntro music by David von Kampen

We took a summer break, but we're back with psychologist and sleep expert Dr. Kristen Casey! We discuss anxiety's impact on sleep, reframing, sleepiness vs. tiredness, ways to help fall asleep, sleep debt, Dr. Casey's money stories, whether jet skis can cure depression, what makes you amazing, dreams, why people might wake up in the middle of the night and not fall back asleep, and more!(Note: Multiple instances of language throughout.) Audio outro: Stars, “Asleep”Links:Dr. Casey on InstagramDr. Casey on TikTokMillennial Mental Health Channel (feat. Dr. Justin Romano and Eddie Carillo)Dr. Casey episode on MMHCThe Money with Katie Show: Victim vs. Victor mindset episodeWhy We Sleep by Matthew WalkerIntro music by David von Kampen

Dr. Brad Klontz joins the show to discuss misinformation around money and mental health, the near impossibility of successful day trading, cryptocurrency, how the wealthy approach investing, harmful money advice on social media, the best way to motivate people to save, and more!Audio outro: The Black Keys, “For the Love of Money”Intro music by David von KampenLinks:Dr. Brad Klontz websiteMoney Mindset YouTube channelDr. Klontz on TikTokMoney Mammoth bookMind Over Money bookResearch articlesFind your Money ScriptMoney and the Mind Ep40 with Dr. KlontzBio from Dr. Klontz's website (lightly edited):Bradley T. Klontz, Psy.D., CFP is a Co-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. He has partnered with organizations including Capital One, JP Morgan Chase, Mutual of Omaha, and H&R Block in efforts to help raise public awareness around issues related to financial health and financial psychology. Dr. Klontz was awarded the Innovative Practice Presidential Citation from the American Psychological Association for his application of psychological interventions to help people with money and wealth issues and his innovative practice in financial psychology for practitioners across the country.Dr. Klontz has been a columnist for the Journal of Financial Planning, On Wall Street, and PsychologyToday.com, and has co-authored/co-edited six books on the psychology of money.His work has been featured on ABC News' 20/20, Good Morning America, USA Today, The Wall Street Journal, New York Times, Washington Post, Los Angeles Times, Time, Kiplinger's, Money Magazine, NPR, and many others.

Dave Hoppen is the all-time leading scorer for the Nebraska Cornhuskers men's basketball program and played six seasons in the NBA. For the past 26 years, Dave has managed client investment portfolios in his hometown of Omaha. We discuss his experience as a professional athlete, receiving large checks, money behaviors of fellow players, starting an investment management business, playing on a team with Charles Barkley, and more!Audio outro: Quad City DJ's, “Space Jam”Links:Berkshire Hathaway shareholder lettersAcura LegendSend us an email! moneyandthemind@gmail.comIntro music by David von Kampen

Friend of the show Terp re-joins Andy and Aaron to discuss cryptocurrency as an inflationary hedge, which stage we're (potentially) in of the crypto cycle, smart contracts, Terp's crypto mining, the impact on electricity/power sources, proof of work vs. proof of stake, talking to (some) farmers about crypto, and more! PLEASE NOTE: Terp doesn't think all farmers are "nutcases"!Audio outro: Band of Horses, “Warning Signs”Links:Ep46: Mining for CryptoWeCrashedInvest Like the Best: Hash Power podcast episodesSend us an email! moneyandthemind@gmail.com

Andy and Aaron (Ron) discuss Aaron's cryptocurrency adventure, Andy's use of stock market charts in therapy sessions, mental accounting, sports betting, and more.Audio outro: Kenny Rogers, “The Gambler”Links:Tim Ferris interview with Morgan HouselThe Psychology of Money by Morgan Housel

Content warning: Addiction, drugs, and suicidal thoughts mentioned throughout.Our friend Nick joins the show to share his story of addiction, suicidal thoughts, and insomnia - to let others with similar struggles know that you are not alone.If you need help, please call a suicide hotline. In the U.S., call the National Suicide Prevention Lifeline at 1-800-273-8255 any time of day — press "1" to reach the Veterans Crisis Line or use Lifeline Chat.Audio outro: The Band of Heathens, “Hurricane”Links:Money and the Mind Ep25: Financial Stress and SuicideMonsters by Dan van Voorhis (A story similar to Nick's)

Attorney Josiah Shanks joins Andy and Aaron to discuss the basics of wills and estate plans, holographic wills, why people avoid creating a will, the tendency for conflict over assets, and more.

Andy and Aaron discuss the basics of bipolar disorder by way of a real situation, money beliefs (scripts), how money scripts don't always align with financial behavior, and ways to help. Audio outro: Nirvana, “Lithium”Links:Millennial Mental Health Channel podcast: Bipolar disorderKlontz Money Script InventoryEp15: Managing Impulsivity with Dr. Justin RomanoEp8: Satisfying Spending

Note: This episode mentions abuse throughout.Kelly (IG: @fireroundtheworld) joins Andy and Aaron to discuss her experience with financial abuse, how some faith traditions enable abusive marriages/relationships, gaslighting, how to identify signs of abuse and red flags, how to help, and more.Links:Instagram: fireroundtheworldEp37 with Kelly & JeffWilderness to WILD

Andy and Aaron reflect on 2021, discussing our amazing guests, what we learned, starting a therapy practice, the guilt of a car purchase, our favorite books/games/movies/shows, and more.Audio outro: Jungle, “Busy Earnin'”

Andy and Aaron are joined by Nathan Astle (Certified Financial Therapist) to discuss how to become a financial therapist, Nate's formative money experiences, shame, financial infidelity, couples therapy (“It's not about the dish”), “shame is the enemy of change,” and more. Audio outro: Information Society, “What's on Your Mind (Pure Energy)”Links:Nathan Astle, MS, LMFT, CFT-I™ - Founder - Relational MoneyRelational Money

Andy and Aaron discuss the Netflix hit show by looking at the psychology behind the characters' money-related decisions, blood money, desperation, the problematic “just get a job” belief, homelessness, and more. Spoilers abound!Links:Last Week Tonight: Homelessness (crude humor alert)Five Tropes Local TV News Uses to Dehumanize Homeless People

Andy and Aaron are joined by Tim Malm to discuss his experience with payday lending, shame, Disneyworld vs. deck repairs, “as soon as you run out of money, everything's a crisis,” being comfortable with not knowing something, the power of empathy, and more.Audio outro: The White Stripes, “Bone Broke”Links:“Are We Sure This is Good?” podcastHow Do I Get out of Payday Loan Debt?Nebraska becomes the latest state to cap payday loan interest rates (Nov. 2020)Aaron and Andy on the Millennial Mental Health ChannelFive Tropes Local TV News Uses to Dehumanize Homeless People

Andy and Aaron discuss the fear of opening up one's own practice, good networking vs. not-good networking, hidden contracts, the financial benefit of friends, Ted Lasso, and more.Note: A few instances of language in the back half of this episode. Also, my microphone must not have been working correctly, so apologies for low sound quality.Audio outro: Led Zeppelin, “Friends”Links:“Are We Sure This is Good?” podcastJordan Harbinger 6 Minute Networking

Aaron goes solo for this short episode on reducing complexity and adding meaning.Links:Living A Happier (Financial) Life By Deliberately Choosing "Less" by Meghaan Lurtz (Article from Kitces.com; the paper copy I was working from didn't include a byline so I didn't properly attribute Meghaan during the recording.)Dr. Mallinson episodeStrangers in Paradise: How Families Adapt to Wealth Across Generations by Dr. James GrubmanAudio outro: Phantogram, “Into Happiness”

We are joined by the Millennial Mental Health Channel hosts Eddie Carrillo, LPC, and returning guest Dr. Justin Romano in this crossover episode. We discuss the wonders of the brain, the prefrontal cortex and decision-making, client financial struggles and the health care/insurance industry, helping with impulsivity, young people and financial “disorders,” and more. (Hang on to the very end for a surprise.)Links:‎Millennial Mental Health Channel on Apple PodcastsNebraska Football NerdcastNYT: The Therapy GenerationManaging Impulsivity episodeSend us an email! moneyandthemind@gmail.com

Andy and Aaron dive into Aaron's own impulsive spending habit as a faux-exercise in a therapeutic approach (noting Andy's important caveats at the beginning). We discuss justifying purchases, guilt-free spending, displays of status in high school, and more!Audio outro: Arcade Fire, “Everything Now”Pictured: Aaron's dog with the new T-Mac 2 shoes.

Content warning: We talk about trauma in this episode.Andy and Aaron discuss trauma and whether anyone hasn't experienced it, a story of someone consumed with money, how Andy might respond to this person's story in therapy sessions, ways to help, and more.Audio outro: Hazel English, “Make It Better”Links:Ramit Tweet with storyMillennial Mental Health ChannelFinancial Flashpoints episodeFI/RE episodeKevin Love's story: “Everyone Is Going Through Something”Ted LassoFreshStart.llc

Financial coach Scott Aspelin joins the show to discuss what financial coaching even is, common financial stressors, Scott's own financial stress story, celebrating financial achievements, the “C's,” an anecdotal link between financial success and therapy, finding a financial coach, and more. Audio outro: Rebelution, “De-Stress”Link: Aspelin Financial CoachingFacebook pageEmail Scott: scott@aspelinfinancialcoach.comSend us an email! moneyandthemind@gmail.com

Andy and Aaron discuss what they've learned over the course of the show so far, whether it's possible to be objective, why some wealthy people bother to use social media, money-related hopes for the next 5-10 years, and more.Audio outro: Barrett Strong, “Money (That's What I Want)”Links:Empower Omaha

Friend of the show Terp joins Andy and Aaron to discuss a brief history of currency, the rule of 72, the basics of cryptocurrency, what it means to “mine,” Terp's mining venture, Terp sends Andy a Litecoin in real time, tax implications, volatility, risks, how to avoid a scam if you're interested in mining, and more!(Note 1: Apologies for missing our most recent biweekly episode; we had some issues with our audio files and they weren't recoverable.)(Note 2: We mentioned that no crypto exchange traded fund is available. While true in the U.S., crypto ETFs do exist internationally; Terp mentions one called Grayscale. See the “How to” link below.)Audio outro: Foo Fighters, “Ballad Of The Beaconsfield Miners”Links:CoinbaseHow To Buy A Bitcoin ETFIMDB: Banking on Bitcoin documentarySatoshi paperInvest Like the Best: Hash Power podcast episodesSend us an email! moneyandthemind@gmail.com

Dr. Kristy Archuleta joins Andy and Aaron to discuss growing up on a farm, development of financial therapy as a (relatively) new academic study, the intensity of financial arguments, is a lack of arguments in a relationship healthy?, financial vulnerability, the benefits of self talk and taking a walk, a separate bank accounts success story, conflicts in estate planning and wills, strategies for conflict resolution, women in farming, and more! (Apologies for a few instances of choppy audio.)Audio outro: The Head and the Heart, “Take a Walk”Links:Kristy Archuleta | UGAJournal of Financial Therapy"Knives Out" trailerWomen Managing the FarmBio (lightly edited):Dr. Kristy Archuleta is a Professor in the Financial Planning program at the University of Georgia, a Licensed Marriage and Family Therapist, and a Certified Financial Therapist-I™. Prior to joining the faculty at UGA in 2018, she was an Associate Professor and Program Director of the Personal Financial Planning program at Kansas State University. Her research and teaching interests relate to financial therapy, couples and money, and effective mechanisms to improve financial and overall well-being. She has co-edited two books: Financial Planning and Scales and Financial Therapy: Theory, Theory, Research, and Practice and published numerous scholarly articles.Dr. Archuleta is a co-founding board member and Past-President of the Financial Therapy Association, co-founding Editor of the Journal of Financial Therapy, and a co-founder of Women Managing the Farm. She serves on the Board of Directors for the National Association of Personal Financial Advisors and the National Consumer Education Foundation, the Financial Therapy Association Certification Committee, and the Editorial Boards for Financial Planning Review, Journal of Financial Planning, and Korean Financial Planning Review. She is commonly featured in podcasts and major news media outlets, such as the New York Times, Investment News, and CNBC, to name a few. Her cutting-edge research contributions, along with her co-authors, have been recognized with awards such as the 2019 National Endowment for Education sponsored Research to Practice Outstanding AFCPE Conference Paper Award and the Outstanding Journal Article Award given at the Association for Financial Counseling and Planning Education annual conference in 2014 and 2020. Dr. Archuleta is a recipient of the Kansas State University College of Human Ecology Myers-Alford Outstanding Teaching Award and the Oklahoma State University College of Human Sciences Distinguished Alumna Award.

Real estate broker and friend Sarah Wilkinson joins Andy and Aaron to discuss the wild real estate market, the best way to get an accurate market value of your home, what to know about buying a home and picking a realtor, behaviors of prospective buyers, and more.We set the over/under for “The Office” references at five - how many will we hit?(Note: We'll be back to every-other-week episodes after this.)Audio outro: Talking Heads, “This Must Be The Place (Naive Melody)”Links:Emerald Realty on InstagramLinktree: Emerald RealtyReal Estate Right Now | Holderness Family VlogsThe Take2 FoundationHomefield ApparelThe Cabin Land on InstagramSend us an email! moneyandthemind@gmail.com

Dr. Jeff Mallinson joins Andy and Aaron in this jam-packed episode to discuss his family financial history, the dangerous combination of power and money, Christian schools and communities, the organism-like behavior of systems, cryptocurrency, financial tendencies of cult victims, Dave Ramsey, the ethics of debt, living a minimalist lifestyle, selling an underwater-mortgage house in the 2008 real estate crash, traveling and camping in a van, the dream van/vehicle, and more.  Note: The campsite mentioned in the show (which we couldn’t think of in real time) is called Streeter Park in Aurora, Nebraska, and features free camping, free electrical hookups, and more.Audio intro: Lana Del Rey, “Money Power Glory”Audio outro: David von Kampen, “Aurora” (feat. Andrea von Kampen)Links:Jeff Mallinson.comDr. Mallinson on TwitterProtect Your Noggin websiteProtect Your Noggin podcastThe Christian Difference: An Explanation & Comparison of World ReligionsVirtue in the Wasteland podcastViW: Antiwisdom episodeBoondockers Welcome: Boondocking and Free RV CampingRV Camping with Harvest HostsMitsubishi DelicaBio (lightly edited):Dr. Mallinson is the Professor & Chair of History and Political Thought at Concordia University, Irvine. He has a D. Phil. from Oxford University and is a speaker, podcaster, and writer. He specializes in the history of ideas, especially as they shed light on the ways in which religious and philosophical ideas can both emancipate and enslave people. In addition to several scholarly book chapters and articles, he is author of Sexy: The Quest for Erotic Virtue in Perplexing Times (New Reformation Press, 2017), Faith, Reason, and Revelation in Theodore Beza: 1519-1605 (Oxford University Press, 2003), and associate editor of The Encyclopedia of Luther and the Reformation (Rowman & Littlefield, 2017). He is focused these days on rethinking the methods of religious education and outfoxing religious wolves, which is the mission of his podcast and curriculum called

Andy and Aaron discuss what leads to burnout, apathy, signs of stress, validity of emotions, Dave Ramsey, how to work through the stress cycle, the best help for stress, applications to personal finance, and more.Links:Brené Brown with Emily and Amelia Nagoski on BurnoutBurnout: The Secret to Unlocking the Stress CycleKelly McGonigal interview: The Upside of Stress

Tony Vincent joins the show to discuss his journey to self-employment, challenges and stresses, setting your business apart from others, imposter syndrome, Tony’s favorite classroom tool, and more!Links:Follow Tony on TwitterShapegramsLearning in HandTony Vincent (@learninginhand) - InstagramSend us an email! moneyandthemind@gmail.com

Dr. Brad Klontz joins the show to discuss early money memories, how we’re wired to make poor financial decisions (and why that’s empowering), what separates the wealthy from the ultra-wealthy, teaching young people, the usefulness of understanding Money Scripts and financial flashpoints, money avoidance, workaholism, a simple tactic for saving, and more!Links:Dr. Brad Klontz websiteMoney Mindset YouTube channelDr. Klontz on TikTokDr. Klontz’s new Money Mammoth bookMind Over Money bookResearch articlesFinancial Health AcademyFind your Money ScriptSprinter vansFinancial Flashpoints episodeMoney Scripts episodeSend us an email! moneyandthemind@gmail.comBio from Dr. Klontz’s website (lightly edited):Bradley T. Klontz, Psy.D., CFP is a Co-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. He has partnered with organizations including Capital One, JP Morgan Chase, Mutual of Omaha, and H&R Block in efforts to help raise public awareness around issues related to financial health and financial psychology. Dr. Klontz was awarded the Innovative Practice Presidential Citation from the American Psychological Association for his application of psychological interventions to help people with money and wealth issues and his innovative practice in financial psychology for practitioners across the country.Dr. Klontz has been a columnist for the Journal of Financial Planning, On Wall Street, and PsychologyToday.com, and has co-authored/co-edited six books on the psychology of money.His work has been featured on ABC News’ 20/20, Good Morning America, USA Today, The Wall Street Journal, New York Times, Washington Post, Los Angeles Times, Time, Kiplinger’s, Money Magazine, NPR, and many others.

Andy and Aaron discuss the progression from dopamine to buyer's remorse, regret vs. shame, rumination, purchases that tend to lead to remorse, and more.Resources:Thinking in Bets by Annie DukeYour Money and Your Brain by Jason ZweigInvesting: The Greatest Show On Earth | Morgan HouselThe Paradox of Choice: Why More Is Less by Barry SchwartzThe power of low expectations | Get Rich Slowly

Andy and Aaron discuss jealousy, the FIRE community, checking your bank account daily, “no such thing” as a negative emotion, Brené Brown’s work regarding vulnerability, and more. Resources:Warren Buffett’s shareholder lettersBrené Brown websiteBrené Brown on Empathy vs SympathyBrené with Tim Ferriss and Dax Shepard

Kelly and Jeff (IG: @fireroundtheworld) join Andy and Aaron to talk about FIRE (Financial Independence Retire Early) and their personal example of supercharged savings. We discuss community, transparency, comparison to others, psychological benefits, financial infidelity, issues with early retirement, knowing your “why,” the usefulness of index funds, pay off the mortgage early?, and more!Links:Instagram: fireroundtheworldHoneyfi | Couples financesYNAB. Personal Budgeting SoftwareEqual Partners PodcastVanguard Total Stock Market Index fundVanguard Total Stock Market ETFMr. Money Mustache The Simple Path to Wealth by JL CollinsFIRE is cool! How do I do it?Send us an email! moneyandthemind@gmail.com

Financial advisor Nick Combs joins Andy and Aaron to discuss how to find an advisor, what it means to be a fiduciary, generational differences in managing investments, home buying, whether refinancing is always a good idea, and more.Links:The Psychology of Money: Timeless Lessons on Wealth, Greed, and HappinessUncle Eric series by Richard MayburyThe Clipper Ship Strategy by Richard MayburySend us an email! moneyandthemind@gmail.com

Andy and Aaron discuss the wildness that is GameStop, missing out on big investment gains, the psychology of FOMO, JOMO (the joy of missing out), closing the gap between ideal self and true self, and more!Resource:Thinking in Bets by Annie Duke

Dr. Victoria Haneman joins Andy and Aaron to discuss funerals and the death care industry. Dr. Haneman is the Frank J. Kellegher Professor of Trusts & Estates at Creighton University in Omaha.We discuss:-America's discomfort with death-Issues with the death care industry-Alternative (and less expensive) funeral technology-Options when trying to pay for a funeral-The problem with GoFundMe campaigns-Body brokers-Who spends the most on funerals?-The most important thing in preparing for funeral expenses-Does an open casket provide "closure"?Links:"Funeral Poverty" paper“Tax Incentives for Green Burial” paperLink to Dr. Haneman’s articlesSend us an email! moneyandthemind@gmail.com

Aaron discusses the best money book of 2020, whether anyone knows what their goals are, buying time, traits of the financially successful, when 8% beats 12%, and more!Resources/Links:The Psychology of Money: Timeless Lessons on Wealth, Greed, and HappinessPossibilities-Based Planning Instead Of Goals-Based InvestingThe Behavior Gap: Simple Ways to Stop Doing Dumb Things with MoneySend us an email! moneyandthemind@gmail.com

Andy and Aaron discuss the COVID vaccine, questions to ask your partner when making money decisions, separate vs. joint bank accounts, “fun money” accounts, information asymmetry, financial infidelity, understanding your own and your partner’s money scripts, behavior in pursuit of meeting needs, and more!Resources/Links:Money Scripts episodeTake the Klontz Money Script InventoryPaper: Money Behavior InventoryLoaded: Money, Psychology, and How to Get Ahead Without Leaving Your Values BehindHow a Weekly Marriage Meeting Can Strengthen Your RelationshipEqual Partners PodcastAnimal Spirits pod: How to Start Your Financial LifeSend us an email! moneyandthemind@gmail.com

Andy and Aaron discuss a real-life purchasing conundrum, how needs can sometimes be met with buying “stuff,” experiences and “stuff” not always being mutually exclusive, and more!Resources/Links:The WirecutterSend us an email! moneyandthemind@gmail.com

Andy and Aaron discuss Roth and traditional retirement accounts, why both are good, and why one *might* be a better choice from a behavioral perspective.Resources/Links:A Behavioral Case for the Roth IRA — Money and the MindNerdwallet article on Roth IRAMisbehaving by Richard ThalerHow to start investing with Vanguard — Money and the MindSend us an email! moneyandthemind@gmail.com

Andy and Aaron discuss how to have better money conversations, conversational pitfalls, a Schitt’s Creek connection, listening, silence, and more.Resources/Links:How to Have Better ConversationsThe Psychology of Money: Timeless Lessons on Wealth, Greed, and HappinessSend us an email! moneyandthemind@gmail.com

We take a brief hiatus this week, but we'll be back on our regular schedule for the next episode!In the meantime, Andy discusses the importance of self care.28

Justin is back to discuss neurotransmitters (in an approachable manner!), including the basics of how they work, serotonin, potential financial behaviors from high/low levels, the effect of diet on our serotonin levels, norepinephrine and potential behaviors, oxytocin, and more!(For reasons unknown, microphone quality was substandard and a slight ringing sound occurred throughout this one. We apologize for the less-than-stellar audio.)Resources/Links:Millennial Mental Health ChannelHow to Change Your Mind by Michael PollanMind Your Own Podcast | It’s Ok to Not Be OkCharles Schwab | Invest in stock slicesSend us an email! moneyandthemind@gmail.com

Andy and Aaron discuss emergency savings, the “sleep test” framework, what an emergency could mean, human inertia, retirement savings, “short term pain for long term gain,” target retirement funds (the only fund you’ll ever need), guilt vs. shame, and more.Resources/Links:Personal Finance 101 episode (NOT necessary to listen to first)The Psychology of Money by Morgan HouselMichael Kitces: Buying Happiness & Well-Being With Cash-On-Hand ReservesAnimal Spirits podcast: Everything You Need to Know About RetirementHow to Vanguard (step-by-step instructions for opening a Vanguard account and automating contributions to a target retirement fund)Brené Brown (website) → podcast

Heads up: This episode is about suicide.If you need help, please call a suicide hotline. In the U.S., call the National Suicide Prevention Lifeline at 1-800-273-8255 any time of day — press "1" to reach the Veterans Crisis Line or use Lifeline ChatOn today’s episode, Andy and Aaron discuss:-Suicidal ideation versus suicidal intent -COVID’s impact on suicidal thought-The link between debt and suicide-The impact of trauma -Suicidal ideation or intent despite no past mental illness-Preventive factors-Your situation and thoughts matter-Empathy vs. sympathy-Signs to look for (Note: My mic picked up way more sound than I thought - you’ll hear my dog playing ball at the beginning, but he finds another adventure after a few minutes. -Aaron)Resources/Links:AFSP: HomeSuicide Deaths in the United StatesMental Health, Substance Use, and Suicidal Ideation During the COVID-19 Pandemicimpact of the COVID-19 pandemic on suicide ratesCOVID-19 (coronavirus) and the risk of suicideReport: Financial difficulty and suicide - Money and Mental HealthSuicide and Debt: The Link We Can No Longer Ignore Mind Over Money by Brad and Ted Klontz (the Kindle version is the only easy access, unfortunately)Your Money and Your Brain by Jason ZweigBrené Brown podcast “Unlocking Us”

Andy and Aaron share some personal experiences and mistakes with buying a house, expenses when you have children, pet expenses, buying vs. leasing cars, fun money accounts, investing in children’s education, and more!Resources/Links:Loaded: Money, Psychology, and How to Get Ahead Without Leaving Your Values Behind by Sarah Newcomb

Andy and Aaron are joined by mental health therapist Payton Hogan to discuss the importance of community, financial messaging received while growing up, perceptions of mental health in the Black community, evictions, income and education disparities, systemic racism, the Tulsa race massacre, the “crab effect,” gentrification, the importance of learning about money early, how to help regarding racism in America, and more.Resources/Links:DREAM : HomeNew study links Omaha evictions to racial segregation and disparities (potential paywall)Life starring Eddie Murphy and Martin LawrenceBlack Wall Street massacre/Tulsa race massacreForty Million Dollar Slaves by William C. RhodenTerence “Bud” CrawfordUp from Slavery by Booker T. WashingtonThe Souls of Black Folk by W.E.B. Du BoisThe Miseducation of the Negro by Carter G. WoodsonWe Were Eight Years in Power by Ta-Nehisi CoatesThe Destruction of Black Civilization by Chancellor Williams

Andy and Aaron discuss how little steps can help get on the road to better financial well-being, financial coaching, viewing yourself and your skills as an asset that generates income (as opposed to income coming from an external source), the importance of setting goals and spending in alignment with your values, actionable steps, and more!Actionable steps begin at 30:42 (with one or two sprinkled in before that).Resources/Links:75 percent of Americans are winging it when it comes to their financial futureMoney Advice Is Usually for Middle Class People, Not the PoorLoaded: Money, Psychology, and How to Get Ahead Without Leaving Your Values Behind by Sarah Newcomb29% of Americans are financially 'healthy'Thinking, Fast and SlowAcorns - Invest, Earn, Grow, Spend, Later | Acorns