Healing Financial Wounds: Ed Coambs on Family Trauma and Money Habits
We need to stop just pulling people out of the river. We've got to work at that deeper level of our brain structure to help release the fear and anxiety and the deprivation and scarcity that was there at that time.
Money can be a sensitive topic, especially when it's tied to deep-rooted family issues. In this episode of 'Hard Money Talks', Lauren Greutman sits down with Ed Coambs, a certified financial therapist, to explore how family financial trauma shapes our spending habits as adults. Ed breaks down the concept of family of origin trauma, explaining how the financial environment we grow up in can leave lasting scars on our relationship with money.
Ed introduces a fascinating three-part brain structure model that helps explain why we make certain financial decisions and how our emotions play a significant role. The conversation touches on the connection between poverty and trauma, highlighting the importance of addressing emotional needs in financial therapy. They dive into how childhood memories can influence our shopping habits and offer practical tips for making financial progress.
If you've ever wondered why you struggle with budgeting or find yourself repeating the same financial mistakes, this episode might just provide some answers. Lauren and Ed's discussion is not only enlightening but also compassionate, offering a supportive space for listeners to reflect on their own financial journeys. Whether you're dealing with your own financial trauma or trying to understand a loved one's money struggles, this episode is packed with insights that can help you move forward.