#39 - Brad Klontz, PhD - Your Money Problems Start In Your Head

Dr. Brad Klontz, a financial psychologist, discusses the intersection of psychology and finance, exploring how our beliefs about money shape our financial behaviors.He introduces the concept of money scripts, which are unconscious beliefs that can limit financial success. Brad emphasizes the importance of tracking finances, understanding learned helplessness, and developing an internal locus of control to foster a successful financial mindset.He also provides practical advice on investing, the significance of time in wealth building, and the potential of cryptocurrency as an asset class.-00:00 Understanding Money Scripts06:47 The Psychology of Self-Made Millionaires13:02 The Importance of Tracking Finances18:48 Overcoming Learned Helplessness27:13 Investing vs. Home Ownership31:14 Teaching Kids About Money32:41 Investing Strategies for Beginners36:13 The Power of Compound Interest38:25 The Risks of Trading and Cryptocurrency41:31 Practical Steps for Saving and Investing46:28 The Value of Home Ownership vs. Renting55:46 Understanding Cryptocurrency as an Asset Class-Thank You For Listening To The Chase Merrill Podcast-Get in touch in the comments below or head: HERE-Follow Brad on Instagram: HERE Brad's book: HERE