Financial Therapy

Send us a Text Message. Welcome back to Financial Therapy. We'll be back with lots of interesting guests joining us in a bigger conversation about us and money soon. But in the mean while lets discuss a little more about money neuroscience, in particular money and our three brains. Well, the three areas of the brain that can relate to us and how we do money. In this episode of Money Neuroscience – we are talking the Reptilian Brain and Money. Our Reptilian Brain, also known as the primitive brain, is the oldest part of the brain and the first part of the brain that is developed when we are in utero. It controls the automatic self-preserving systems and responses, the basic bodily functions such as feeding, pooping, reproduction and our responses to threat. Getting our body to fight, flight and freeze, if needed to survive. This area of the brain sits at the top of our spine, where the spine meets the head or the bottom of our brain structure. If we could scan someone’s brain as they considered the reality of them having lost their job in recession, with a family and a large mortgage, without much in savings, we would see this area of the brain, along with some other areas, really light up. Because the circumstance described above is a threat to our modern day survival a threat to the organism. Now if you have been triggered in anyway by this, just take a moment right now to take a big breath in and let it go. But it is important to consider this is where we sometimes go in our financial lives. Our primitive brain has alarms going off when we experience the shock of being told we are losing our job, or our business goes bankrupt, or the stock market crashes, or we are going through an acrimonious financial separation in divorce, or when we feel incapable to change our financial circumstances, drowning in debt or underearning. Essentially it feels like this organism is under threat. And where do we go when we are under threat, we fight, flight or freeze. Thank for joining my at the Financial Therapy podcast. Support the Show.

Send us a Text Message. I am absolutely obsessed with understanding our relationship with money...on a deeper level. And one of the most exciting things I discovered a couple of years ago, was reading some research that done by an Australian bank called ANZ that looked at the factors that constitutes Financial Wellbeing. They discovered that only 9% of what is known as financial literacy i.e. financial knowledge and financial experience, has an impact of financial wellbeing. But I am curious about the rest ... the psychology, the behaviours and the mindset that get us being better with money. And deeper still, our physiology; what is happening in our body and particularly our brain when we are relating and managing our money. In this episode we delve into money neuroscience and how we can hack happy chemicals in our brain to get us being better with money. If you are loving the show please rate and review, plus you can make a donation to support my work via FinancialTherapy.org. HOST - Jane Monica-Jones, Financial Therapist & Author of The Billionaire Buddha Financial Therapy - financialtherapy.org Jane Monica-Jones - janemonicajones.com Financial Wellbeing Courses - financialwellbeing.co The Billionaire Buddha on Amazon - https://amzn.to/3kGlBv3 NOTES Dr Peter Levine - traumahealing.org Research ANZ Bank - Report Financial Wellbeing WE HOPE YOU’LL SUPPORT THE SHOW BY MAKING A DONATION VIA PATREON OR PAYPAL Support the Show.

Send us a Text Message. Welcome back to Financial Therapy. Take a moment right now to just imagine following your dreams. Or imagine doing a profession that you love so much, that you would do it for free. What about leaving everything you know behind to follow an uncommon path. In this episode of Financial Therapy we are going to explore what inspires people to choose say their passion, over a regular pay check. We’re heading out to discover what money is like on the road less travelled, where individuals make less standard choices about how the make money, and what are the driving forces that inspire them to do so. I’m calling it ‘Money on the Road Less Travelled'. My first guest’s passion has meant he has performed in front of 3.8 billion people world wide. It was conducting the Sydney Symphony Orchestra at the Sydney Olympics Opening Ceremony. Imagine over half of the world’s population watching you do your day job! George Ellis is a conductor and composer, whose work has taken him around the world working with the likes of the late Lou Reed and transforming the songs of David Bowie into orchestral masterpieces ... and he happens to be my good mate. If you are loving the show please rate and review, plus you can make a donation to support my work via FinancialTherapy.org. HOST - Jane Monica-Jones, Financial Therapist & Author of The Billionaire Buddha Financial Therapy - financialtherapy.org Jane Monica-Jones - janemonicajones.com Financial Wellbeing Courses - financialwellbeing.co The Billionaire Buddha on Amazon - https://amzn.to/3kGlBv3 GUEST - George Ellis, Conduct & Composer Web: georgeellis.com.au George Ellis conducted the Sydney Symphony Orchestra at the Opening Ceremony of the Sydney Olympic Games in front of 110,000 people and for an international television audience of 3.8 billion people. He has conducted concerts in Paris, London, Vienna, Venice, Rome, Florence, Amsterdam, Brussels, New York, Boston, Philadelphia, Washington DC, Los Angeles, Athens and Kuala Lumpur. He has conducted the Queensland Symphony, Tasmanian Symphony, West Australian Symphony, Canberra Symphony Orchestras and Orchestra Victoria, Melbourne. He has also worked with international popular artists including Lou Reed. WE HOPE YOU’LL SUPPORT THE SHOW BY MAKING A DONATION VIA PATREON OR PAYPAL Support the Show.

Send us a Text Message. Welcome back to Financial Therapy. CONTENT WARNING: We discuss issues of abuse that may be triggering to some people. Please refer to the list of domestic violence hotlines in your country. LIST OF DOMESTIC VIOLENCE HOTLINES GLOBALLY Let me ask you this? Have you or someone you know had their intimate partner forced you to purchase things that you didn’t want or need. What about them controlling where you spend your money and requiring you to account for everything you spent in your day? Or have they maxed out your credit card and then don’t make payments on the balance? Maybe they have prevented you from working by hiding your keys? Or have they limited your ability to attend job training, pursue higher education, or otherwise advance your career? Or simply they spent your money without your knowledge. What I have just listed are some of the signs of what could be a financially abusive relationship. And you know what? Financial abuse is more common that you think and can happen to anyone, at any time of their lives. But you might be interested to know … that financial abuse is common in young people’s relationships. Even with all we know about abuse in intimate relationship, the benefit of education and opportunities and generally more freedom to live the life we want, it is still a big problem. We are speaking with Dr Jozica Kutin, a Senior Researcher at RMIT University and the Victoria Law Foundation. who turned her deep fascination about why this is happening to young people, to leading a team at the University to developed a toolkit for young adults about money and love. YOU ME & MONEY If you are loving the show please rate and review, plus you can make a donation to support my work via FinancialTherapy.org. HOST - Jane Monica-Jones, Financial Therapist & Author of The Billionaire Buddha Financial Therapy - financialtherapy.org Jane Monica-Jones - janemonicajones.com Financial Wellbeing Courses - financialwellbeing.co The Billionaire Buddha on Amazon - https://amzn.to/3kGlBv3 GUEST - Dr Jozica Kutin, PhD, is a Senior Researcher at RMIT University and the Victoria Law Foundation. Jozica completed her PhD in the School of Economics, Finance & Marketing, RMIT University and holds a Masters Degree in Forensic Psychology from Monash University. Her research focusses on (preventing) economic abuse in young adult relationships, development of relationship-based financial capabilities and financial wellbeing. RESOURCES 1800 RESPECT - 1800respect.org.au National Debt Hotline - ndh.org.au WE HOPE YOU’LL SUPPORT THE SHOW BY MAKING A DONATION VIA PATREON OR PAYPAL Support the Show.

Send us a Text Message. Climate Change is the most urgent threat in our time, and if we don’t act quickly we are going to have catastrophic repercussions to clean water, food safety and ecological diversity, which is vital for humans to survive on the planet. One of the key weapons to fighting climate change is how and where we spend and invest our money. Every day we have to the power in our back pocket to support green businesses and green financial institutions, reduce our consumption, and care for and repair our home. For time immemorial our financial choices have affected economies, the decisions by political parties and even the rise and fall of corporations just think of Netflix and Blockbuster Video. I believe we all know this, not so deep down, that our money does impact change. But knowing and doing can sometimes be worlds apart. So, what are the psychological and behavioural barriers that prevent us from completely using our money as a weapon for good against climate change. Here to help us discuss the issue is Mairéad Cleary, a psychotherapist, and eco-enthusiast, whose therapeutic practise and working with clients is informed by a nature-based philosophy, which she believes is vital to better mental health. HOST - Jane Monica-Jones, Financial Therapist & Author of The Billionaire Buddha Financial Therapy - financialtherapy.org Jane Monica-Jones - janemonicajones.com Financial Wellbeing Courses - financialwellbeing.co The Billionaire Buddha on Amazon - https://amzn.to/3kGlBv3 GUEST: Mairéad Cleary is a psychotherapist, eco-enthusiast, long distance solo hiker and the author of the Byron Bay bestselling book Byron Trails. Mairéad’s experience in the therapeutic field has grown alongside her work in environmental and engineering projects over the last 15 years. Her work is very much informed by a nature-based philosophy. Web: https://maireadcleary.com/ Book: https://byrontrails.com/ WE HOPE YOU’LL SUPPORT THE SHOW BY MAKING A DONATION VIA PATREON OR PAYPAL Financial Therapy podcast. Support the Show.

Send us a Text Message. Welcome back to the Financial Therapy podcast, I’m Jane Monica-Jones. Your host and your personal Financial Therapist. In recent years we have heard a lot about financial wellbeing or financial wellness. But what does it really mean? When we think of financial wellbeing we might think we need more financial education on strategies such as how to invest, diversify and accumulate. And if you head over to our favourite bookstores, for years there has plenty of books, like that there. But interestingly, research shows financial knowledge and experience only makes up about 9% of what make us better at managing and multiplying our money. A lot of research is now saying that psychological and behavioural factors make up the majority of us being better with money at around 61%. Having self-control, feeling confidence in money management skills, good modelling when we were growing up and the like. So it’s not surprising we are seeing more Financial Psychotherapists or Financial Psychologists that can help. I am inserting some flagrant self promotion here…that’s why I wrote my book The Billionaire Buddha, which repairs the psychological and behavioural issues we have with money. But enough about me, let’s talk about women. What does the research say about how women manage and relate to money in the context of having many structural barriers against them. Such as earning less, having less superannuation because of time out of the workforce for child rearing or caring for elderly parents. How is money integrated into their lives and are there any differences to the way men relate to money. To give us a lot more clarity we are speaking with expert Financial Wellbeing & Financial Capability Researcher Professor Roslyn Russell from the School of Economics, Finance and Marketing at RMIT University. DISCOVER FINANCIAL WELLBEING PROGRAMS , check out the Financial Wellbeing website ... financialwellbeing.co HOST - Jane Monica-Jones, Financial Therapist & Author of The Billionaire Buddha Financial Therapy - financialtherapy.org Jane Monica-Jones - janemonicajones.com Financial Wellbeing Courses - financialwellbeing.co The Billionaire Buddha on Amazon - https://amzn.to/3kGlBv3 GUEST - Roslyn Russell is a Professor (Research) in the School of Economics, Finance and Marketing, RMIT University. Roslyn has been researching financial capabilities and financial wellbeing in Australia for more than 15 years. Roslyn works closely with the finance, government and community sectors and serves on several industry reference groups and advisory boards. RESOURCES Smart Money - moneysmart.gov.au Women Talk Money - womentalkmoney.org.au Women NSW - women.nsw.gov.au/resources/womens-financial-toolkit Smith Family Financial Programs - thesmithfamily.com.au/programs/financial National Debt Helpline - ndh.org.au No Interest Loans - nils.com.au WE HOPE YOU’LL SUPPORT THE SHOW BY MAKING A DONATION VIA PATREON OR PAYPA Support the Show.

Send us a Text Message. Welcome to the Financial Therapy podcast, I’m your host and your Financial Therapist Jane Monica-Jones. In this episode we are talking money, shame, deserving and adversity. The latter of course, we will all go through at some stage in our life. Through a loss of a job, maybe a loss of loved one, an illness or even having some mental health issues. “All walks of life, it didn’t seem to matter what kind of income your husband had or what kind of house you lived in, you could end up of the street.” - Jan Hatch How do governments, non-for-profits and even us, deal with adversity and what are the impacts that adversity has not only on our financial lives, but on our sense of self- worth. We’ll look at who deserves what when it comes to the public purse and what are the hard decisions care organisations have to make with limited resources for those that face adversity. We’ll also be delving into an unconscious bias that we know it exists, but often don’t want to talk about. It’s called ‘worthy bias’, who do we deem as being worthy of society time, money, resources and like. To help us all unpack, uncover, and maybe enlighten us, we speak with Jan Hatch, a Gestalt Therapist who has a Masters in Social and Public Policy. So, thank you for joining us as we have a bigger conversation about us and money. And remember to subscribe to the Financial Therapy podcast. WANT TO KNOW MORE ABOUT WORTHY BIAS, check out the Worthy Bias Training ... financialwellbeing.co/worthy-bias HOST - Jane Monica-Jones, Financial Therapist & Author of The Billionaire Buddha Financial Therapy - financialtherapy.org Jane Monica-Jones - janemonicajones.com Financial Wellbeing Courses - financialwellbeing.co The Billionaire Buddha on Amazon - https://amzn.to/3kGlBv3 GUEST: Jan Hatch, Gestalt Therapist & Counsellor Web: https://www.janhatch.com/ Jan works in private practice as a coach, counsellor and therapist with individuals and organisations including LifeCircle, Cancer Council NSW, CaringKids, FAMS, NSW Council of Social Services and Community Restorative Centre. As well as working at Cancer Council NSW, facilitating weekly telephone support groups for people with advanced cancer. MUSIC: First Day by Huma-Huma WE HOPE YOU’LL SUPPORT THE SHOW BY MAKING A DONATION VIA PATREON OR PAYPAL Support the Show.

Send us a Text Message. Talking about money in an open and frank way is really the last taboo. For most of us, money is a relationship (often tricky) that we cannot say adios to. Unless of course you are the Queen of England or the Dalai Lama (who have no personal need for money) you are mostly likely going to be transacting, interacting and sometimes combating with it till the day you die. So understanding a little more about how you relate to money can go some way in making this relationship a little more harmonious. Go to FinancialTherapy.Org, for more resources, financial wellbeing programs or you can work with me, Jane Monica-Jones. Just get in touch. MUSIC: First Day by Huma-Huma WE HOPE YOU’LL SUPPORT THE SHOW BY MAKING A DONATION VIA PATREON OR PAYPAL Thanks for joining on my Financial Therapy podcast. Support the Show.

Send us a Text Message. Where did you learn about money? If you were lucky enough, maybe you learnt how to manage money from your parents. Or you have made it a life-long pursuit … gaining investment advice from professionals, programs or even wealth creation gurus. But what about learning about money from psychologists, behavioural scientists and even environmentalists. Welcome to Financial Therapy, I’m your host Jane Monica-Jones and I am a Financial Therapist. I’m the therapist you go and see, with your bank account. I help people navigate this sometimes tumultuous and tricky relationship. In FINANCIAL THERAPY you’ll get insights, guidance and support for you and your money, in a way you have probably never really got before. So, join me and a diverse band of experts in a bigger conversation about us and money. SUBSCRIBE NOW to Financial Therapy and keep up to date with the latest episodes and go to FinancialTherapy.Org for bonus resources to get you being better with money. WE HOPE YOU’LL SUPPORT THE SHOW Support the Show.