Ep. 146: "Writing Your Own Money Story"

Money & You with Michelle Perkins

Host Michelle Perkins and guest Amy Cook, author of the Amazon bestseller "Your Money Narrative" spent time exploring the impact of personal experiences on financial behaviors and decisions.
Overall, the episode delves into the significance of understanding one's relationship with money, the impact of childhood experiences on financial behaviors, and the role of financial planning in achieving financial goals. The conversation highlights the importance of emotional awareness, communication, and working with financial advisors to navigate financial complexities and build lasting wealth. Listeners are encouraged to start working on their financial plan and address emotional aspects of money management for a more secure financial future.
The podcast featured Michelle Perkins and Amy Cook, founder and financial advisor at Maven Lane Financial Group. Amy, author of "Your Money Narrative," emphasized how personal experiences shape financial behaviors. They highlighted the impact of childhood beliefs on adult financial decisions and the need for financial education, especially in high school. The conversation underscored the significance of addressing money-related beliefs and emotions to make informed financial decisions and build lasting legacies. They emphasized the value of starting with a financial plan, challenging limiting beliefs, and seeking professional guidance. The podcast aimed to inspire listeners to reflect on their money mindset, take steps towards financial empowerment, and access resources like Amy's book for further guidance.
00:00 - Money relationship insights & tips
05:20 - Childhood impact on money beliefs
16:10 - Financial advisor's compassionate guidance
21:21 - Complexities of financial partnerships
33:02 - Building a strong financial plan
44:30 - Book access & financial awareness
Stressful financial situations in childhood can lead to a desire to avoid similar situations in the future. A financial plan serves as a roadmap to identify gaps and set financial goals. It helps individuals understand their financial situation, make informed decisions, and work towards building wealth. Engaging with a financial planner who focuses on real planning is crucial for financial success.
Key Takeaways:
- Childhood experiences can significantly influence money beliefs and behaviors in adulthood
- Financial education and planning are crucial for navigating financial challenges and building wealth
- Emotional awareness and communication are essential in addressing money-related issues
- Working with a financial advisor can provide valuable guidance and support in financial decision-making
- Starting with a financial plan can help individuals set clear goals and make informed financial choices
- Contact Amy and access her book "Your Money Narrative" for valuable insights on money management and financial planning.
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