Summary
In this episode, Ed Coambs, a financial planner, and therapist, discusses the challenges couples face in managing money and planning for retirement. He shares his personal journey from being a firefighter to becoming a financial planner and therapist. Ed emphasizes the importance of understanding one's own relationship with money and how it impacts relationships. He introduces the concept of financial intimacy and explains how it can help couples navigate the complexities of retirement planning. Ed also highlights the role of attachment theory in understanding couples' dynamics around money.
In this conversation, Ed and I discuss the challenges couples face when transitioning from work to retirement and how financial therapy can help. He emphasises the importance of creating a safe space for vulnerability and open communication. He also explores the influence of childhood experiences on money management and the challenge of spending money in retirement. Our conversation highlights the need for balance in money management and the role of financial therapy in helping couples live a happy and fulfilling retirement.
Takeaways
Chapters
00:00 Introduction and Background
06:15 The Journey to Financial Therapy
10:35 The Healthy Love and Money Way
23:34 The Importance of Financial Intimacy
28:00 The Struggle to Transition from Work to Retirement
32:38 Creating a Safe Space for Vulnerability
35:12 The Influence of Childhood Experiences on Money
38:18 The Challenge of Spending Money in Retirement
44:07 The Importance of Balance in Money Management
51:08 The Role of Financial Therapy in Retirement
Episode Links & Resources