Have You Ever Heard of Money Trauma?

In this episode of the Smart Money Parenting Show, hosts Chad Willardson and Scott Donnell delve into the topic of 'money trauma,' a form of childhood trauma that often goes undiscussed. They examine how attitudes and behavior around money during childhood can significantly shape people's financial behaviors in adulthood. The pair warns that without addressing and healing from this trauma, people may continue to perpetuate harmful financial habits, possibly passing them down to the next generation. They also stress the need to see money as a tool rather than a status symbol or a measure of self-worth. The hosts encourage listeners to reflect on their own 'money trauma', to discuss it with their children and to endeavor to lead by a better example financially. 00:00 Introduction to Money Trauma 01:36 Understanding the Impact of Money Trauma 02:30 The Relationship with Money 03:11 The Consequences of Money Trauma 03:33 Examples of Money Trauma 07:41 The Influence of Parents' Money Habits 09:41 The Importance of Addressing Money Trauma 09:56 How to Become a Smart Money Parent 13:00 Conclusion and Call to Action Additional Links Want to take your family and your finances to the next level? Schedule a call with Dinner Table today. ⁠⁠https://scott.dinnertable.com/book⁠⁠ Download the Gravy Stack App for FREE (iOS) ⁠⁠https://apps.apple.com/us/app/gravystack-gamified-banking/id1635188175⁠⁠ Download the Gravy Stack App for FREE (Google Play) ⁠⁠https://play.google.com/store/apps/details?id=com.gravystack.gravystack&hl=en_US&gl=US⁠⁠ Chad’s Best Seller Book:  ⁠⁠⁠Smart, Not Spoiled: The 7 Money Skills Kids Must Master Before Leaving the Nest⁠⁠⁠  Scott’s Best Seller Book ⁠⁠⁠Value Creation Kid: The Healthy Struggles Your Children Need to Succeed⁠⁠⁠  Socials Scott Donnell on LinkedIn - ⁠⁠⁠linkedin.com/in/donnell-scott⁠⁠⁠  Chad Willardson on LinkedIn - ⁠⁠⁠linkedin.com/in/chadwillardson⁠⁠⁠ Scott Donnell on Instagram - ⁠⁠⁠@imscottdonnell⁠⁠⁠ Chad Willardson on Instagram - ⁠⁠⁠@chad.willardson⁠⁠⁠ Scott Donnell on TikTok - ⁠⁠⁠@imscottdonnell⁠