"Empathy not just opens the door to understanding money behaviors but also transforms financial shame into a powerful tool for healthier decision-making."

Can empathy be the missing link in transforming your relationship with money? Our host Ed Coambs jumps into part two of this conversation with Jillian Knight as she shares her insights on deconstructing your money story to forge a stronger relationship with your spouse!

She’s going beyond traditional financial advice–espoused by the likes of Dave Ramsey–towards a nuanced understanding that marries emotional intelligence with money management. Jillian explains how empathy can dismantle financial shame, paving the way for greater openness and healthier financial choices between spouses.

They also take a closer look at how our personal history shapes our financial decisions. Jillian guides us through the process of crafting a money story and timeline–a powerful tool for individuals and couples to decode their financial behaviors. By visualizing systemic influences on personal financial beliefs, we shift the narrative from self-blame to understanding the broader societal structures at play. It’s an exercise that illustrates how our financial challenges are often rooted in experiences beyond our control.

Finally, Ed and Jillian explore the realm of financial intimacy within relationships, addressing power dynamics and the influences of past experiences. They discuss the importance of creating a safe space for vulnerability, where partners can openly share their financial journeys!

Key Topics:

Reflections on the Financial Therapy Association Conference (01:50)
Why Empathy and Curiosity Are Key to Helping Clients Navigate Their Relationship with Money (04:57)
Exercises to Help Clients Explore Their Relationship with Money (13:26)
Giving Couples a Safe Space to Share Their Money Story (22:03)
The Physiology and Psychology of Safety (32:27)
How Lack in Your Personal Money Story Impacts Family Dynamics (39:34)
Regulating Your Nervous System (42:06)

Resources:

Her Financial Therapy

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Your Money Story: Exploring Empathy, Power Dynamics, and Financial Intimacy with Jillian Knight (pt. 2)

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