“I think people who are retiring now are first-generation retirement rebels.”

Dan Haylett joins our host Ed Coambs from across the pond in today’s episode. A sports enthusiast turned investment expert, Dan’s sharing a treasure trove of insights about the power of empathy in the world of financial planning.

Dan kicks things off talking about his unique journey from the cricket fields to navigating the complex emotional and psychological aspects of retirement planning. As the host of the top 50 podcast, Humans vs Retirement, Dan explains the need for a human-first approach in financial planning. He’s a big believer in looking past traditional methods to address the deep-rooted emotions tied to money management.

Dan also discusses the evolving role of financial planners as holistic advisors who go beyond spreadsheets and how great strides have been made to simplify complex retirement decisions for the average person. He talks about the nuances of financial therapy and how subtle shifts in language can profoundly impact client perceptions for the better!

Finally, Dan gives his thoughts on the impact of the UK's healthcare system and inheritance tax on people’s financial decision-making. With the full belief that retirement needs a rebrand, he’s sharing how we can thrive in today’s world as "first-generation retirement rebels!”

Key Topics:

• Dan’s Journey From Sportsman to Retirement Specialist (00:00)
• First-Generation Retirement Rebels (10:56)
• Financial Planning Beyond Spreadsheets! (16:45)
• Framing the Money Conversation in Today’s World (25:05)
• The Two Questions You Need to Answer Before Retiring (33:48)
• The Impact of the UK’s Healthcare System on People’s Financial Decisions (36:48)
• What to Know About the UK’s Inheritance Tax System (41:16)

Resources:

• HumansvsRetirement.com
• Dan Haylett on LinkedIn

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“And I think one of the opportunities in having a close relationship with someone, it doesn't have to be marriage, is they’re sort of a mirror for your relationship with money.”

Our host, Ed Coambs, welcomes Dr. Brad Klontz, a pioneer in financial psychology and therapy, for an engaging discussion on navigating money matters in relationships. They explore the common challenges couples face when aligning their financial perspectives and emphasize the importance of honest communication. Reflecting on personal experiences and societal attitudes, they debunk the myth that a conflict-free financial discussion equals a healthy relationship, highlighting how disagreements can foster growth. They also challenge the notion that marriage is a poor financial decision by presenting statistics that show married individuals often have higher net worth.

Ed and Brad examine the complex relationship between emotions and money. Personal anecdotes reveal how financial fears often originate from childhood experiences, creating subconscious scripts that influence adult relationships. Listen in as they explore how partners can act as mirrors, reflecting financial behaviors and beliefs, leading to personal growth and healing when approached openly. This episode underscores the potential for mutual understanding and development through shared financial insights and experiences.

Ed and Dr. Klontz also discuss the intricacies of money dynamics within relationships, including how financial anxieties and different spending habits can impact partnerships. They encourage couples to confront financial realities together, taking ownership of their financial destinies. By understanding each partner's financial background and emotional experiences with money, couples can transform conflicts into opportunities for connection and healing. Don't miss this insightful conversation that offers practical guidance for achieving healthy love and money.

Key Topics:

• Welcome, Dr. Brad Klontz! (00:00)
• Harsh Truths About Money and Relationships (03:27)
• The Importance of Communicating About Money in Relationships (05:19)
• Understanding Normative Male Alexithymia (07:59)
• The Emotional Connection between Money and Relationships (11:43)
• The Role of Partners in Financial Well-being and the Concept of Locus of Control (19:31)
• Practical Exercises for Improving Financial Communication in Relationships (35:56)
• The Impact of Empathy and Compassion in Financial Discussions (36:49)
• The Role of Interdependence in Financial Success (40:47)
• Wrap-Up and Reminder to Check out Brad’s New Book (42:27)

Resources:

• Brad’s New Book: Start Thinking Rich!

1. Schedule your free 30-minute Healthy Love and Money Discovery Call Today.
2. Learn about your money and attachment style with this short Attachment Style Quiz.
3. Buy the Double Award Winning Book:

“Sometimes, ‘good enough’ is good enough. You don’t have to be extreme. In fact, extreme is so confining. Those things that are the most rigid are most susceptible to complete collapse. Building in flexibility can sometimes make things sustainable over time.”

New Healthy Love and Money team member Dr. Christine Hargrove joins our host Ed Coambs to share her unique approach to financial therapy through the lens of neurodiversity.

Walking us through her unique journey from religious studies to becoming a pioneer in financial therapy, Dr. Hargrove walks us through her experiences working with individuals and families affected by ADHD.

Achieving breakthroughs in people’s financial lives requires an understanding of diverse money mindsets and a willingness to get personal, in order to navigate financial stress more effectively. She contrasts the often rigid advice of mainstream financial influencers with the adaptable strategies of empathy-focused financial therapists like herself.

Christine and Ed also get into the emotional impact of financial trauma, using her personal experiences from the 2008 financial crash to illustrate how economic events can shape your personal identity and family dynamics, for better or worse. Recognizing and bridging the gap between financial intentions and behaviors between your relationships, she says, promotes not only understanding, but also positive reinforcement within yourself.

Finally, Dr. Hargrove speaks on the concept of proactive relationship wellness. She encourages couples to seek guidance early to manage financial stress more effectively, which of course allows them–and even their kids–to enjoy healthier, more fulfilling relationships with money.

Key Topics:

• Dr. Hargrove’s Inspiring Career Journey (00:00)
• Why We Get Intimidated to Talk About Money (11:43)
• How Dr. Hargrove’s Own Relationship with Money Has Changed Over the Years (16:10)
• Facing Our Shame Around Our Financial Struggles (28:25)
• How Financial Stress Impacts Our Kids in Their Formative Years (32:56)
• Working with Couples as a Financial Therapist (40:17)
• Why We Shouldn’t Overly Focus on Consequence and Accountability (48:50)
• Dr. Hargrove’s Parting Words of Wisdom (53:53)

1. Schedule your free 30-minute Healthy Love and Money Discovery Call Today.
2. Learn about your money and attachment style with this short Attachment Style Quiz.
3. Buy the Double Award Winning Book: The Healthy Love and Money Way.
4. Hit Follow on Your Favorite Podcast Player To Get the Latest Episodes.