“So in that moment, we discovered, wow, we have different thoughts and beliefs about money, and we were raised very differently around money, and we also can have humor around this. So that was the first time we started to act like a team.”

Breaking the silence on money could transform your relationships forever. Our host Ed Coambs sits down with Kathleen Burns Kingsbury, a former banking professional turned money psychology counselor, to explore the profound impact of financial conversations on personal connections. Kathleen shares her inspiring journey and the hurdles she overcame, including her struggle with an eating disorder, to help others navigate their financial lives. This episode emphasizes the importance of financial intimacy and unveils practical strategies for fostering healthy money conversations with your partner.

Discover how personal histories and money personalities shape our financial behaviors, as Ed and Kathleen recount personal experiences and the varying ways individuals cope with financial loss. Kathleen's poignant insights shine a light on the crucial role of validating personal pain and understanding one's money personality to build stronger, more compassionate financial relationships.

From addressing traditional gender roles to empowering women in corporate environments, this episode tackles mixed messages around financial motivations. Through compelling anecdotes and professional wisdom, learn how to recognize and nurture different money personalities within a marriage, transforming potential conflicts into opportunities for growth. This episode is packed with essential tips and heartfelt stories designed to empower you on your journey to financial well-being.

Key Topics:

• Breaking Money Silence (01:53)
• Kathleen’s Journey from Banking to Counseling Psychology to Financial Psychology (03:50)
• Money Trauma, Financial Psychology, and Personal Growth (07:43)
• Eating Disorders and Their Connection to Money Issues (13:56)
• Money Management and Empowerment for Women (19:09)
• Gender Roles and Money Management (23:00)
• Understanding and Empathy in Personal Finance and Relationships (28:29)
• Financial Planning and Coaching for Women (35:36)
• Money Psychology and Financial Therapy with a Professional Coach (40:04)
• Wrap-Up and Reaching Out (47:15)

Resources:

• KBKWealthConnection.com
• Kathleen on LinkedIn

Connect With Healthy Love and Money:

1. Schedule your free 30-minute Discovery Call About Therapy-Informed Financial Planning™.
2. Learn about your money and attachment style with this short Attachment Style Quiz.
3. Buy the Double Award Winning Book: The Healthy Love and Money Way.
4. Hit Follow on Your Favorite Podcast Player To Get the...

“We're saying, all right, how about you go follow your dreams. How about you quit that job you hate, even though you're going to make less money at another job. Go make the change. It is very rewarding. It is also very hard, because the standard of mental models fight against it.”

In this episode of Healthy Love and Money, our host Ed Coambs welcomes Dr. Jay Zigmont of Childfree Wealth. Jay shares his fascinating journey from healthcare and academia into the world of financial planning, specifically catering to the unique needs of childfree individuals. Ed and Jay explore how traditional financial advice often overlooks this significant portion of the population and discuss the importance of reprogramming financial strategies to align with a childfree lifestyle.

Ed and Jay highlight the concept of the "life script" and the importance of helping clients design their lives first, then aligning their finances to support those personal goals. This conversation emphasizes prioritizing meaningful life experiences over traditional financial goals that may not resonate with childfree individuals.

They also explore the critical aspects of long-term care planning for childfree individuals, the importance of having power of attorney and a will, and the significant financial impact of being single. This episode is packed with valuable information for anyone interested in understanding the unique financial planning needs of the childfree community and encourages listeners to reflect on their own financial and life decisions.

Key Topics:

• Welcome, Dr. Jay Zigmont! (01:45)
• Financial Planning for Childfree Individuals, Challenges, and Reprogramming Standard Models (02:33)
• Alternative Family Structures and Societal Pressures to Conform to the Traditional Life Script (08:13)
• Personalized Financial Planning for Childfree Individuals and Couples (12:53)
• Community Building for Childfree People (14:58)
• Common Mistakes and Challenges in Financial Planning for Childfree People (19:07)
• Long-term Care Planning for Childfree People (29:33)
• Wrap-Up and Jay’s Parting Advice (35:48)

Resources:

• ChildFreeWealth.com
• Portraits of ChildFree Wealth (book)
• ChildFree Wealth Podcast

Connect With Healthy Love and Money:

1. Schedule your free 30-Minute Discovery Call About Therapy-Informed Financial Planning™.
2. Learn about your money and attachment style with this short Attachment Style Quiz.
3. Buy the Double Award Winning Book: The Healthy Love and Money Way.
4. Hit Follow on Your Favorite Podcast Player To Get the Latest Episodes.

“I can’t emphasize enough with blended families, you are going to have differences and you’re going to have things that you work through, and there’s a healthy way to work through it, and there’s an unhealthy way.”

What happens when you blend two families, each with its unique dynamics and histories? Our host Ed Coambs sits down with Mikel Van Cleve, a PhD student at Texas Tech University who focuses on blended families and financial planning. Mikel shares both his academic insights and personal journey of merging his family with his wife Heather, each bringing two children from previous relationships. They discuss the essential role of communication and explore strategies for managing different parenting styles and co-parenting with exes.

Ever thought about the financial complexities of blended families? Marrying someone often means factoring in their financial history, including obligations like alimony or child support. Mikel’s real-life anecdotes illuminate how ongoing changes, like an ex-spouse's remarriage, can impact the family system, making the need for clear communication and adaptable strategies all the more critical.

From setting boundaries to navigating favoritism and conflicts, Ed and Mikel’s conversation offers a roadmap for creating harmonious relationships. They touch on the vital need for tailored estate planning to ensure fair inheritance and explore the emotional landscape that accompanies these financial decisions. Whether you're part of a blended family or just curious, this episode provides invaluable insights into fostering a nurturing environment for everyone involved.

Key Topics:

• Mikel’s Blended Family Story (02:27)
• Financial Management in Blended Families (04:20)
• Challenges and Strategies for Blended Families (10:49)
• Legal Rights around Blended Families (15:57)
• Estate Planning for Blended Families (20:47)
• Understanding Blended Families’ Unique Dynamics with Your Financial Planner (26:35)
• Blended Families and the Dangers of Favoritism (31:34)
• The Importance of Open Communication in Blended Families (37:05)
• Strategies for Growth in Blended Families (43:58)

Resources:

• Mikel Van Cleve on LinkedIn

Connect With Healthy Love and Money:

1. Schedule your free 30-Minute Discovery Call About Therapy-Informed Financial Planning™.
2. Learn about your money and attachment style with this short Attachment Style Quiz.
3. Buy the Double Award Winning Book: The Healthy Love and Money Way.
4. Hit Follow on Your Favorite Podcast Player To Get the Latest Episodes.