“Financial trauma is not something that you can take a magic pill for; but, you can certainly become trauma-informed.”

In what ways can childhood experiences predict your financial future? Join our host Ed Coambs as he uncovers the hidden layers of financial trauma with Rahkim Sabree, a pioneering expert in financial therapy!

Rahkim does a deep dive into how early observations of our parents' financial habits profoundly influence our money mindset as adults. Ed and Rahkim navigate the convoluted web of cultural pressures and a culture of consumerism that shape our financial self-worth, and discuss how the mistrust of financial tools, like credit or life insurance, can echo throughout our lives.

Financial trauma, according to Rahkim, is “any instance observed or experienced that has a negative impact on the way you view, interact with, or believe about, money.”

Have you ever felt judged for your financial choices or struggled with the societal expectations tied to your bank account? Rakhim encourages us to become hyper-aware of the different communities in our life—whether religious, familial, or professional—and really see how each shapes our relationship with money.

They also compare the often misleading promises of financial influencers to those of the diet industry, as well as the relationship between financial trauma and generational trauma. Rahkim reminds us that we need a trauma-informed approach to financial healing. He and Ed discuss how bringing the “language” of therapy down the Earth can demystify trauma and help people recognize and overcome deeply ingrained fears, such as the fear of debt.

Ultimately, by aligning personal values with financial goals, Rahkim encourages us to move beyond black-and-white thinking and embrace a nuanced understanding of financial decision-making so we can experience true healing and take back the reins of our financial destiny!

Key Topics:

Defining “Financial Trauma” (02:08)
Why Many People Are Reluctant to Engage with Financial Institutions (06:15)
The Financial Tug-of-War Between Different Communities (11:05)
Generational Trauma and the Road to Financial Healing (20:22)
Using “Value Audits” and “Financial Boundaries” to Heal Trauma (31:55)
Attachment Theory and Financial Trauma (40:53)

Resources:

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122: Understanding Financial Trauma and Cultural Dynamics with Rahkim Sabree

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