In this episode of Shades of Wealth, Dr. Shay Harris-Pierre engages in a profound conversation with Carlos Alvarez about his unique money story, exploring themes of gratitude, financial freedom, and the importance of community. Dr. Shay also speaks with Stephanie Olano and in their discussion, they speak on overcoming scarcity mindset, the role of gratitude in financial well-being, and the impact of intergenerational narratives on financial behaviors.

Learn more about Stephanie's work here:

www.awkwardmoney.com

IG: @awkmoney

In this episode, Dr. Shay Harris-Pierre interviews Tairsa Mathews and Ed Coambs about money in relationships. Tairsa shares her money story and how her parents' hard work and creative problem-solving shaped her attitude towards money. She also discusses the challenges of navigating a varied income based on commissions with her husband. Ed provides insights into common dynamics that can arise in couples related to money and emphasizes the importance of self-awareness, emotional regulation, and clear communication in these conversations. The episode highlights the intersection of money and attachment styles, and the impact of childhood experiences on financial behaviors in adulthood.

Takeaways

• Parents' money lessons and behaviors can shape our attitudes towards money.
• Having different financial perspectives in a relationship is possible, but it requires open communication and collaboration.
• Self-awareness, emotional regulation, and clear communication are essential in money conversations with partners.
• Attachment styles and childhood experiences can influence how we approach money in relationships.
• Understanding the intersection of money and emotions is crucial for building healthy financial dynamics.

Resources

Learn more about Ed Coambs’ work here: www.healthyloveandmoney.com

Check out Ed’s podcast here: https://www.healthyloveandmoney.com/podcasts/healthy-love-and-money

Here are the citations for the articles I mentioned:

Ross, D. B., Coambs, E., & Johnson, E. (2022). Trauma of the past: The impact of adverse childhood experiences on adult attachment, money beliefs and behaviors, and financial transparency. Journal of Financial Therapy, 13(1), 4.

Pollmann, M. M. (2021). Let’s Talk about Money: The Role of Attachment Styles in Couples’ Financial Communication, Financial Management, and Financial Conflict. Journal of Financial Therapy, 12(2), 6.

In this episode, Dr. Shay speaks with Shaun Maslyk about his money story. Sean shares how his inner "Mr. Shy" influenced his relationship with money. Dr. Shay then speaks with Tara Unverzagt, in this conversation, Dr. Shay and Tara discuss the concept of Internal Family Systems (IFS) and how it relates to financial behaviors. They explore the idea that our financial decisions are influenced by different parts of ourselves, such as the manager, firefighter, and evaluator. These parts have different agendas and can sometimes lead to conflicting behaviors. They also discuss the importance of having conversations about money and being vulnerable with our loved ones.

Takeaways:

• Our money stories are influenced by different parts of ourselves that may have conflicting desires and needs.
• Money can be a conduit for feeling seen, valued, and heard, but it's important to recognize that true connection comes from within.
• Aligning our values with our spending can lead to greater satisfaction and enjoyment of the journey.
• Addressing anxiety around money conversations can be done through the lens of internal family systems.
• Understanding our inner money world is essential for a healthy relationship with money. Our financial decisions are influenced by different parts of ourselves, each with their own agenda and role.
• Having conversations about money and being vulnerable with our loved ones can strengthen our relationships and improve our financial well-being.
• Understanding and healing our underlying beliefs and emotions is crucial for making clear financial decisions.
• Financial well-being comes from having flexibility in our beliefs and behaviors, and adapting them to the context of our lives.

You can connect with Tara here:

https://www.southbayfinancialpartners.com/

IG: @southbayfinancialpartners

X: @SouthBayFinPart

YouTube: https://www.youtube.com/@southbayfinancialpartners4608/featured