Shows
Money and the MindEp72: The Money and the Mind FinaleWell…it’s here. Our last episode. We so appreciate our listeners and guests and couldn’t have kept the show going without you all!Audio outro: Earnest Jackson, Sugar Daddy and the Gumbo Roux, “Inflation”Audio outro: Never half-ass two thingsLinks:Welcome to Group Therapy podcastMoney and the Mind websiteMoney and the Mind playlistIntro music by David von Kampen2023-04-0219 minMoney and the MindEp71: A Year of Financial StressAndy and Aaron discuss recent economic conditions that might give rise to financial stress, including interest rates, inflation, and markets going down. Andy also walks through some financial therapy that’s been helpful to clients.Audio outro: Fall Out Boy, “Sugar, We’re Goin Down”Intro music by David von Kampen2023-03-2033 minMoney and the MindEp70: What Works in TherapyAndy is on his own this week to share general therapeutic insights that his clients have found helpful. Topics include staying present, guided imagery, structuring time, writing a letter and destroying it, listing values, self-appreciation, vulnerability with money, reviewing expectations, internal validation, breathing, ups and downs of markets as a mental health analogy, thinking vs. knowing, boundaries, and more! Audio outro: The Killers, “Andy, You’re A Star”Audio outro: Parks and Recreation, “That’ll do, Andrew”Intro music by David von Kampen2023-03-0630 minMoney and the MindEp69: Have We Been Too Tough on Dave Ramsey?Andy and Aaron discuss a listener's email about Dave Ramsey, when criticism becomes shame, and in the back half of the episode tackle the topic of personal responsibility and how to form meaningful connections.Audio outro: Dave Matthews Band, “Two Step”Links:Brene BrownWhy Checklist-Style Financial Planning Works: What Advisors Can Learn From Dave Ramsey's Baby StepsMillennial Mental Health Channel: Two Men Being Vulnerable About Their Struggles With Weight and Body Image on Apple PodcastsIntro music by David von Kampen2023-02-1233 minMoney and the MindEp68: Toxic PositivityAndy and Aaron discuss “good” and “bad” emotions, avoidance, “God has a plan,” toxic positivity and money beliefs, a false sense of self, the importance of action, radical acceptance, Ted Lasso’s toxic positivity, and more.Audio outro: Britney Spears, “Toxic”Links:The Dangers of Toxic Positivity (And How to Avoid It) | Jordan HarbingerToxic Positivity: Keeping It Real in a World Obsessed with Being Happy by Whitney GoodmanSam Bankman-Fried and the FTX collapse, explainedMan's Search for Meaning a book by Viktor E. FranklIntro music by David von Kampen2022-11-2745 minMoney and the MindEp67: Manage Your Money (So It Doesn't Manage You)Andy and Aaron are back (we apologize for the lack of shows of late!). We discuss Dave Ramsey, student loan relief, how often finances come up in Andy’s therapy sessions, what does success mean to you?, listening to your body, what we’ve been spending money and time on lately, and more!Audio outro: Maggie Rogers, “Symphony”Links:The Body Keeps the Score: Brain, Mind, and Body in the Healing of TraumaYou should always keep a $100 bill in your walletIntro music by David von Kampen2022-10-0931 minMoney and the MindEp66: Sleep Talking with Dr. Kristen CaseyWe took a summer break, but we’re back with psychologist and sleep expert Dr. Kristen Casey! We discuss anxiety's impact on sleep, reframing, sleepiness vs. tiredness, ways to help fall asleep, sleep debt, Dr. Casey’s money stories, whether jet skis can cure depression, what makes you amazing, dreams, why people might wake up in the middle of the night and not fall back asleep, and more!(Note: Multiple instances of language throughout.) Audio outro: Stars, “Asleep”Links:Dr. Casey on InstagramDr. Casey on TikTokMillennial Mental Health Channel...2022-08-221h 39Money and the MindEp65: Money Misinformation with Dr. Brad KlontzDr. Brad Klontz joins the show to discuss misinformation around money and mental health, the near impossibility of successful day trading, cryptocurrency, how the wealthy approach investing, harmful money advice on social media, the best way to motivate people to save, and more!Audio outro: The Black Keys, “For the Love of Money”Intro music by David von KampenLinks:Dr. Brad Klontz websiteMoney Mindset YouTube channelDr. Klontz on TikTokMoney Mammoth bookMind Over Money bookResearch articlesFind your Money Scri...2022-05-2252 minMoney and the MindEp64: Money, the NBA, and Investing with Dave HoppenDave Hoppen is the all-time leading scorer for the Nebraska Cornhuskers men’s basketball program and played six seasons in the NBA. For the past 26 years, Dave has managed client investment portfolios in his hometown of Omaha. We discuss his experience as a professional athlete, receiving large checks, money behaviors of fellow players, starting an investment management business, playing on a team with Charles Barkley, and more!Audio outro: Quad City DJ’s, “Space Jam”Links:Berkshire Hathaway shareholder lettersAcura LegendSend us an email! moneyandthemind@gmail.comIntro mu...2022-05-0958 minMoney and the MindEp63: Talking Crypto with TerpFriend of the show Terp re-joins Andy and Aaron to discuss cryptocurrency as an inflationary hedge, which stage we’re (potentially) in of the crypto cycle, smart contracts, Terp’s crypto mining, the impact on electricity/power sources, proof of work vs. proof of stake, talking to (some) farmers about crypto, and more! PLEASE NOTE: Terp doesn't think all farmers are "nutcases"!Audio outro: Band of Horses, “Warning Signs”Links:Ep46: Mining for CryptoWeCrashedInvest Like the Best: Hash Power podcast episodesSend us an email! moneyandthemind@gmail.com2022-04-181h 00Money and the MindEp62: Ron's GambleAndy and Aaron (Ron) discuss Aaron’s cryptocurrency adventure, Andy’s use of stock market charts in therapy sessions, mental accounting, sports betting, and more.Audio outro: Kenny Rogers, “The Gambler”Links:Tim Ferris interview with Morgan HouselThe Psychology of Money by Morgan Housel2022-03-2134 minMoney and the MindEp61: Nick's StoryContent warning: Addiction, drugs, and suicidal thoughts mentioned throughout.Our friend Nick joins the show to share his story of addiction, suicidal thoughts, and insomnia - to let others with similar struggles know that you are not alone.If you need help, please call a suicide hotline. In the U.S., call the National Suicide Prevention Lifeline at 1-800-273-8255 any time of day — press "1" to reach the Veterans Crisis Line or use Lifeline Chat.Audio outro: The Band of Heathens, “Hurricane”Links:Money and the Mind Ep25: Financial Stress...2022-03-071h 08Money and the MindEp60: Do I Need a Will/Estate Plan? With Josiah ShanksAttorney Josiah Shanks joins Andy and Aaron to discuss the basics of wills and estate plans, holographic wills, why people avoid creating a will, the tendency for conflict over assets, and more.2022-02-2249 minMoney and the MindEp59: Bipolar Disorder & Money BehaviorAndy and Aaron discuss the basics of bipolar disorder by way of a real situation, money beliefs (scripts), how money scripts don’t always align with financial behavior, and ways to help. Audio outro: Nirvana, “Lithium”Links:Millennial Mental Health Channel podcast: Bipolar disorderKlontz Money Script InventoryEp15: Managing Impulsivity with Dr. Justin RomanoEp8: Satisfying Spending2022-02-0735 minMoney and the MindEp58: Financial Abuse with KellyNote: This episode mentions abuse throughout.Kelly (IG: @fireroundtheworld) joins Andy and Aaron to discuss her experience with financial abuse, how some faith traditions enable abusive marriages/relationships, gaslighting, how to identify signs of abuse and red flags, how to help, and more.Links:Instagram: fireroundtheworldEp37 with Kelly & JeffWilderness to WILDKelly's recommendations:Healing from Hidden Abuse: A Journey Through the Stages of Recovery from Psychological AbuseThe Emotionally Destructive Marriage: How to Find Your Voice and Reclaim Your Hope2022-01-241h 04Money and the MindEp57: Looking Back on 2021Andy and Aaron reflect on 2021, discussing our amazing guests, what we learned, starting a therapy practice, the guilt of a car purchase, our favorite books/games/movies/shows, and more.Audio outro: Jungle, “Busy Earnin’”2021-12-3128 minMoney and the MindEp56: Financial Therapy and Infidelity with Nathan AstleAndy and Aaron are joined by Nathan Astle (Certified Financial Therapist) to discuss how to become a financial therapist, Nate’s formative money experiences, shame, financial infidelity, couples therapy (“It’s not about the dish”), “shame is the enemy of change,” and more. Audio outro: Information Society, “What’s on Your Mind (Pure Energy)”Links:Nathan Astle, MS, LMFT, CFT-I™ - Founder - Relational MoneyRelational Money2021-12-0648 minMoney and the MindEp55: The Money Psychology of "Squid Game"Andy and Aaron discuss the Netflix hit show by looking at the psychology behind the characters’ money-related decisions, blood money, desperation, the problematic “just get a job” belief, homelessness, and more. Spoilers abound!Links:Last Week Tonight: Homelessness (crude humor alert)Five Tropes Local TV News Uses to Dehumanize Homeless People2021-11-0837 minMoney and the MindEp54: Payday Loans with Tim MalmAndy and Aaron are joined by Tim Malm to discuss his experience with payday lending, shame, Disneyworld vs. deck repairs, “as soon as you run out of money, everything’s a crisis,” being comfortable with not knowing something, the power of empathy, and more.Audio outro: The White Stripes, “Bone Broke”Links:“Are We Sure This is Good?” podcastHow Do I Get out of Payday Loan Debt?Nebraska becomes the latest state to cap payday loan interest rates (Nov. 2020)Aaron and Andy on the Millennial Mental Health ChannelFive Tropes Local T...2021-10-251h 12Money and the MindEp53: Self Employment Fears and the Power of (Good) NetworkingAndy and Aaron discuss the fear of opening up one’s own practice, good networking vs. not-good networking, hidden contracts, the financial benefit of friends, Ted Lasso, and more.Note: A few instances of language in the back half of this episode. Also, my microphone must not have been working correctly, so apologies for low sound quality.Audio outro: Led Zeppelin, “Friends”Links:“Are We Sure This is Good?” podcastJordan Harbinger 6 Minute Networking2021-09-2735 minMoney and the MindEp52: Happier Finances, Happier TimesAaron goes solo for this short episode on reducing complexity and adding meaning.Links:Living A Happier (Financial) Life By Deliberately Choosing "Less" by Meghaan Lurtz (Article from Kitces.com; the paper copy I was working from didn’t include a byline so I didn’t properly attribute Meghaan during the recording.)Dr. Mallinson episodeStrangers in Paradise: How Families Adapt to Wealth Across Generations by Dr. James GrubmanAudio outro: Phantogram, “Into Happiness”2021-09-1313 minMoney and the MindEp51: Four Brains with Eddie Carrillo and Dr. Justin RomanoWe are joined by the Millennial Mental Health Channel hosts Eddie Carrillo, LPC, and returning guest Dr. Justin Romano in this crossover episode. We discuss the wonders of the brain, the prefrontal cortex and decision-making, client financial struggles and the health care/insurance industry, helping with impulsivity, young people and financial “disorders,” and more. (Hang on to the very end for a surprise.)Links:Millennial Mental Health Channel on Apple PodcastsNebraska Football NerdcastNYT: The Therapy GenerationManaging Impulsivity episodeSend us an email! moneyandthemind@gmail.com2021-08-301h 02
Money and the MindEp50: Ron Fauxs to TherapyAndy and Aaron dive into Aaron’s own impulsive spending habit as a faux-exercise in a therapeutic approach (noting Andy’s important caveats at the beginning). We discuss justifying purchases, guilt-free spending, displays of status in high school, and more!Audio outro: Arcade Fire, “Everything Now”Pictured: Aaron's dog with the new T-Mac 2 shoes.2021-08-1632 minMoney and the MindEp49: Working Through TraumaContent warning: We talk about trauma in this episode.Andy and Aaron discuss trauma and whether anyone hasn’t experienced it, a story of someone consumed with money, how Andy might respond to this person’s story in therapy sessions, ways to help, and more.Audio outro: Hazel English, “Make It Better”Links:Ramit Tweet with storyMillennial Mental Health ChannelFinancial Flashpoints episodeFI/RE episodeKevin Love’s story: “Everyone Is Going Through Something”Ted LassoFreshStart.llc2021-08-0234 minMoney and the MindEp48: De-Stressing Your Financial Life with Scott AspelinFinancial coach Scott Aspelin joins the show to discuss what financial coaching even is, common financial stressors, Scott’s own financial stress story, celebrating financial achievements, the “C’s,” an anecdotal link between financial success and therapy, finding a financial coach, and more. Audio outro: Rebelution, “De-Stress”Link: Aspelin Financial CoachingFacebook pageEmail Scott: scott@aspelinfinancialcoach.comSend us an email! moneyandthemind@gmail.com2021-07-191h 21Money and the MindEp47: What We've Learned (So Far)Andy and Aaron discuss what they’ve learned over the course of the show so far, whether it’s possible to be objective, why some wealthy people bother to use social media, money-related hopes for the next 5-10 years, and more.Audio outro: Barrett Strong, “Money (That’s What I Want)”Links:Empower Omaha2021-07-0535 minMoney and the MindEp46: Mining for Crypto with TerpFriend of the show Terp joins Andy and Aaron to discuss a brief history of currency, the rule of 72, the basics of cryptocurrency, what it means to “mine,” Terp’s mining venture, Terp sends Andy a Litecoin in real time, tax implications, volatility, risks, how to avoid a scam if you’re interested in mining, and more!(Note 1: Apologies for missing our most recent biweekly episode; we had some issues with our audio files and they weren’t recoverable.)(Note 2: We mentioned that no crypto exchange traded fund is available. While true in the U.S., crypto...2021-06-211h 17Money and the MindEp45: Money & Relationships with Dr. Kristy ArchuletaDr. Kristy Archuleta joins Andy and Aaron to discuss growing up on a farm, development of financial therapy as a (relatively) new academic study, the intensity of financial arguments, is a lack of arguments in a relationship healthy?, financial vulnerability, the benefits of self talk and taking a walk, a separate bank accounts success story, conflicts in estate planning and wills, strategies for conflict resolution, women in farming, and more! (Apologies for a few instances of choppy audio.)Audio outro: The Head and the Heart, “Take a Walk”Links:Kristy Archuleta | UGAJ...2021-05-241h 06Money and the MindEp44: Home Buying and Real Estate ("Is it reeeal good?") with Sarah WilkinsonReal estate broker and friend Sarah Wilkinson joins Andy and Aaron to discuss the wild real estate market, the best way to get an accurate market value of your home, what to know about buying a home and picking a realtor, behaviors of prospective buyers, and more.We set the over/under for “The Office” references at five - how many will we hit?(Note: We'll be back to every-other-week episodes after this.)Audio outro: Talking Heads, “This Must Be The Place (Naive Melody)”Links:Emerald Realty on InstagramLinktree...2021-05-101h 02Money and the MindEp43: Money, Power, Glory, and Vans with Dr. Jeff MallinsonDr. Jeff Mallinson joins Andy and Aaron in this jam-packed episode to discuss his family financial history, the dangerous combination of power and money, Christian schools and communities, the organism-like behavior of systems, cryptocurrency, financial tendencies of cult victims, Dave Ramsey, the ethics of debt, living a minimalist lifestyle, selling an underwater-mortgage house in the 2008 real estate crash, traveling and camping in a van, the dream van/vehicle, and more. Note: The campsite mentioned in the show (which we couldn’t think of in real time) is called Streeter Park in Aurora, Nebraska, and features free camping, fre...2021-05-032h 01Money and the MindEp42: BurnoutAndy and Aaron discuss what leads to burnout, apathy, signs of stress, validity of emotions, Dave Ramsey, how to work through the stress cycle, the best help for stress, applications to personal finance, and more.Links:Brené Brown with Emily and Amelia Nagoski on BurnoutBurnout: The Secret to Unlocking the Stress CycleKelly McGonigal interview: The Upside of Stress2021-04-2633 minMoney and the MindEp41: Shaping a Side Hustle with Tony VincentTony Vincent joins the show to discuss his journey to self-employment, challenges and stresses, setting your business apart from others, imposter syndrome, Tony’s favorite classroom tool, and more!Links:Follow Tony on TwitterShapegramsLearning in HandTony Vincent (@learninginhand) - InstagramSend us an email! moneyandthemind@gmail.com2021-04-1255 minMoney and the MindEp40: Our Financial Wiring with Dr. Brad KlontzDr. Brad Klontz joins the show to discuss early money memories, how we’re wired to make poor financial decisions (and why that’s empowering), what separates the wealthy from the ultra-wealthy, teaching young people, the usefulness of understanding Money Scripts and financial flashpoints, money avoidance, workaholism, a simple tactic for saving, and more!Links:Dr. Brad Klontz websiteMoney Mindset YouTube channelDr. Klontz on TikTokDr. Klontz’s new Money Mammoth bookMind Over Money bookResearch articlesFinancial Health AcademyFind your Money ScriptSp...2021-03-291h 09Money and the MindEp39: Buyer's RemorseAndy and Aaron discuss the progression from dopamine to buyer's remorse, regret vs. shame, rumination, purchases that tend to lead to remorse, and more.Resources:Thinking in Bets by Annie DukeYour Money and Your Brain by Jason ZweigInvesting: The Greatest Show On Earth | Morgan HouselThe Paradox of Choice: Why More Is Less by Barry SchwartzThe power of low expectations | Get Rich Slowly2021-03-1531 minMoney and the MindEp38: Vulnerability is a SuperpowerAndy and Aaron discuss jealousy, the FIRE community, checking your bank account daily, “no such thing” as a negative emotion, Brené Brown’s work regarding vulnerability, and more. Resources:Warren Buffett’s shareholder lettersBrené Brown websiteBrené Brown on Empathy vs SympathyBrené with Tim Ferriss and Dax Shepard2021-03-0829 minMoney and the MindEp37: Building a FI/RE with Kelly & JeffKelly and Jeff (IG: @fireroundtheworld) join Andy and Aaron to talk about FIRE (Financial Independence Retire Early) and their personal example of supercharged savings. We discuss community, transparency, comparison to others, psychological benefits, financial infidelity, issues with early retirement, knowing your “why,” the usefulness of index funds, pay off the mortgage early?, and more!Links:Instagram: fireroundtheworldHoneyfi | Couples financesYNAB. Personal Budgeting SoftwareEqual Partners PodcastVanguard Total Stock Market Inde...2021-03-011h 15Money and the MindEp36: Finding a Financial Advisor with Nick CombsFinancial advisor Nick Combs joins Andy and Aaron to discuss how to find an advisor, what it means to be a fiduciary, generational differences in managing investments, home buying, whether refinancing is always a good idea, and more.Links:The Psychology of Money: Timeless Lessons on Wealth, Greed, and HappinessUncle Eric series by Richard MayburyThe Clipper Ship Strategy by Richard MayburySend us an email! moneyandthemind@gmail.com2021-02-151h 12Money and the MindEp35: The Fear of Missing OutAndy and Aaron discuss the wildness that is GameStop, missing out on big investment gains, the psychology of FOMO, JOMO (the joy of missing out), closing the gap between ideal self and true self, and more!Resource:Thinking in Bets by Annie Duke2021-02-0130 minMoney and the MindEp34: Death and Mushroom Suits with Professor Victoria HanemanProfessor Victoria Haneman joins Andy and Aaron to discuss funerals and the death care industry. Professor Haneman is the Frank J. Kellegher Professor of Trusts & Estates at Creighton University in Omaha.We discuss:-America's discomfort with death-Issues with the death care industry-Alternative (and less expensive) funeral technology-Options when trying to pay for a funeral-The problem with GoFundMe campaigns-Body brokers-Who spends the most on funerals?-The most important thing in preparing for funeral expenses-Does an open casket provide "closure"?Links:2021-01-181h 13Money and the MindEp33: Buying TimeAaron discusses the best money book of 2020, whether anyone knows what their goals are, buying time, traits of the financially successful, when 8% beats 12%, and more!Resources/Links:The Psychology of Money: Timeless Lessons on Wealth, Greed, and HappinessPossibilities-Based Planning Instead Of Goals-Based InvestingThe Behavior Gap: Simple Ways to Stop Doing Dumb Things with MoneySend us an email! moneyandthemind@gmail.com2021-01-0429 minMoney and the MindEp32: To Combine or Not to Combine (Partner Money Discussions)Andy and Aaron discuss the COVID vaccine, questions to ask your partner when making money decisions, separate vs. joint bank accounts, “fun money” accounts, information asymmetry, financial infidelity, understanding your own and your partner’s money scripts, behavior in pursuit of meeting needs, and more!Resources/Links:Money Scripts episodeTake the Klontz Money Script InventoryPaper: Money Behavior InventoryLoaded: Money, Psychology, and How to Get Ahead Without Leaving Your Values BehindHow a Weekly Marriage Meeting Can Strengthen Your RelationshipEqual Partners PodcastAnimal Spirits pod: How to Start...2020-12-2135 minMoney and the MindEp31: Experiences Over Stuff?Andy and Aaron discuss a real-life purchasing conundrum, how needs can sometimes be met with buying “stuff,” experiences and “stuff” not always being mutually exclusive, and more!Resources/Links:The WirecutterSend us an email! moneyandthemind@gmail.com2020-12-0731 minMoney and the MindEp30: Retirement - Roth vs. TraditionalAndy and Aaron discuss Roth and traditional retirement accounts, why both are good, and why one *might* be a better choice from a behavioral perspective.Resources/Links:A Behavioral Case for the Roth IRA — Money and the MindNerdwallet article on Roth IRAMisbehaving by Richard ThalerHow to start investing with Vanguard — Money and the MindSend us an email! moneyandthemind@gmail.com2020-11-2331 min
Total Movie RecallTMR 047 – Return to Oz This week on Total Movie Recall, we acknowledge that The Wizard of Oz is, yes, a classic. However, it’s missing a certain je ne sais quoi, and we try to put our fingers on exactly what it needed. We conclude that classic, whimsical children’s film needed more childhood lobotomy, forced imprisonment, Queens pulling their own heads off, and Veruca Salt. Or Fairuza Balk? Potato potato. Return to Oz (1985) d. Walter Murch Based on books by L. Frank Baum Starring: Fairuza Balk as Dorothy Nicol Williamson as the N...2020-11-161h 34Money and the MindEp29: How to Have Better Money ConversationsAndy and Aaron discuss how to have better money conversations, conversational pitfalls, a Schitt’s Creek connection, listening, silence, and more.Resources/Links:How to Have Better ConversationsThe Psychology of Money: Timeless Lessons on Wealth, Greed, and HappinessSend us an email! moneyandthemind@gmail.com2020-11-0936 minMoney and the MindEp28: Self CareWe take a brief hiatus this week, but we'll be back on our regular schedule for the next episode!In the meantime, Andy discusses the importance of self care.282020-10-2605 minMoney and the MindEp27: Neuro-transmitting with Dr. Justin RomanoJustin is back to discuss neurotransmitters (in an approachable manner!), including the basics of how they work, serotonin, potential financial behaviors from high/low levels, the effect of diet on our serotonin levels, norepinephrine and potential behaviors, oxytocin, and more!(For reasons unknown, microphone quality was substandard and a slight ringing sound occurred throughout this one. We apologize for the less-than-stellar audio.)Resources/Links:Millennial Mental Health ChannelHow to Change Your Mind by Michael PollanMind Your Own Podcast | It’s Ok to Not Be OkCharles Schwab | Invest in st...2020-10-1250 minMoney and the MindEp26: Personal Finance 102 (Savings)Andy and Aaron discuss emergency savings, the “sleep test” framework, what an emergency could mean, human inertia, retirement savings, “short term pain for long term gain,” target retirement funds (the only fund you’ll ever need), guilt vs. shame, and more.Resources/Links:Personal Finance 101 episode (NOT necessary to listen to first)The Psychology of Money by Morgan HouselMichael Kitces: Buying Happiness & Well-Being With Cash-On-Hand ReservesAnimal Spirits podcast: Everything You Need to Know About RetirementHow to Vanguard (step-by-step instructions for opening a Vanguard account and automating contributions to a target ret...2020-09-2846 minMoney and the MindEp25: Financial Stress and SuicideHeads up: This episode is about suicide.If you need help, please call a suicide hotline. In the U.S., call the National Suicide Prevention Lifeline at 1-800-273-8255 any time of day — press "1" to reach the Veterans Crisis Line or use Lifeline ChatOn today’s episode, Andy and Aaron discuss:-Suicidal ideation versus suicidal intent -COVID’s impact on suicidal thought-The link between debt and suicide-The impact of trauma -Suicidal ideation or intent despite no past mental illness-Preventive factors-Your situation and thoughts...2020-09-1445 minMoney and the MindEp24: Our Money MistakesAndy and Aaron share some personal experiences and mistakes with buying a house, expenses when you have children, pet expenses, buying vs. leasing cars, fun money accounts, investing in children’s education, and more!Resources/Links:Loaded: Money, Psychology, and How to Get Ahead Without Leaving Your Values Behind by Sarah Newcomb2020-08-3145 minMoney and the MindEp23: Perspective on the Black Community with Payton HoganAndy and Aaron are joined by mental health therapist Payton Hogan to discuss the importance of community, financial messaging received while growing up, perceptions of mental health in the Black community, evictions, income and education disparities, systemic racism, the Tulsa race massacre, the “crab effect,” gentrification, the importance of learning about money early, how to help regarding racism in America, and more.Resources/Links:DREAM : HomeNew study links Omaha evictions to racial segregation and disparities (potential paywall)Life starring Eddie Murphy and Martin LawrenceBlack Wall Stre...2020-08-1752 minMoney and the MindEp22: Doing the Little Things (Just Put on Your Shoes)Andy and Aaron discuss how little steps can help get on the road to better financial well-being, financial coaching, viewing yourself and your skills as an asset that generates income (as opposed to income coming from an external source), the importance of setting goals and spending in alignment with your values, actionable steps, and more!Actionable steps begin at 30:42 (with one or two sprinkled in before that).Resources/Links:75 percent of Americans are winging it when it comes to their financial futureMoney Advice Is Usually for Middle Class People, Not the Poor2020-08-0348 minMoney and the MindEp21: Personal Finance in the Latinx Community with Miguel EstevezAndy and Aaron are joined by therapist Miguel Estevez to discuss the diversity of the Latinx community and its financial culture, various ways to display status, the challenges of being undocumented, misconceptions and stereotypes, the trauma of extremely low income and uncertainty, workplace stress and anxiety working in industries hit by COVID, choosing a paycheck over safety and security, the ability to save for retirement, and more!Resources/Links:Open Veins of Latin America by Eduardo GaleanoOmaha GivesGo Big Give2020-07-2038 minMoney and the MindEp20: Sudden Money with Dr. Justin RomanoAndy and Aaron are joined once again by psychiatrist Dr. Justin Romano to discuss finances for doctors, the psychology of that first paycheck, delayed gratification, being rich vs. being wealthy, emergency savings, climbing out of poverty, high incomes, professional athletes and money, buying convenience, the benefits of having a mentor, and more!Resources/Links:Millennial Mental Health ChannelThe Millionaire Next Door: The Surprising Secrets of America’s WealthyMoney Advice Is Usually for Middle Class People, Not the PoorThe Sudden Money InstituteThe White Coat Investor - Investing & Personal Finance fo...2020-07-0643 minMoney and the MindEp19: Creating ChangeAaron and Andy discuss the difficulty of behavior change, stages of readiness to change, Maslow’s hierarchy of needs, wants vs. needs, non-financial ways to meet needs, financial conflict, and an example of how we don’t have all of this figured out either!Actionable steps begin at 24:20.Resources/Links:Link to Dr. Daniel Crosby articleThe Laws of Wealth by Daniel CrosbyEvicted: Poverty and Profit in the American City by Matthew DesmondMaslow’s hierarchy of needsLoaded: Money, Psychology, and How to Get Ahead Without Leaving Your Values...2020-06-2244 minMoney and the MindEp18: Step Back and ListenArticles to educate and learn how to help:The Real Reason White People Say 'All Lives Matter'Take an implicit bias testJustice in JuneBlack Workers, Already Lagging, Face Big Economic RisksSamuel Sinyangwe: Research-based solutions to stop police violence75 Things White People Can Do for Racial JusticeAnti-racism resources for white peopleHow The Crisis Is Making Racial...2020-06-0810 minMoney and the MindEp17: Building a Financial FOCUS with Goldin Martinez and Frank RaffaeleGoldin Martinez and Frank Raffaele join the show to discuss their new hedge fund called The FOCUS Fund that will also have a positive impact on kids and their money. We discuss money messages received while growing up, helping kids have positive experiences with money, learning how to manage money, poverty, books, exercise, Goldin's appearance on Mike Rowe's show "Returning the Favor," and more!Resources/Links:Get Focused website (YouTube page)COFFEED on InstagramThe FOCUS Fund on InstagramMake Your Kid a Money Genius by Beth KoblinerAoM podcast: Making Your...2020-05-251h 14Money and the MindEp16: Personal Finance 101Aaron and Andy discuss how interest on debt works, credit cards, student loan debt, mortgage debt, buying vs. renting, 30-year and 15-year mortgages, workplace retirement plans, other retirement/investing accounts, rollovers, and more!Resources/Links:You Need A BudgetManaging Your Money | WirecutterVanguardBettermentA Behavioral Case for the Roth IRALoaded by Sarah Newcomb2020-05-1148 minMoney and the MindEp15: Managing Impulsivity with Dr. Justin RomanoAndy and Aaron are joined by Dr. Justin Romano, a psychiatrist resident at Creighton University and University of Nebraska Medical Center.In this episode, we discuss:-How our brain is wired for impulse control (or lack thereof)-Dopamine-Addiction-How/why issues with the above can harm our finances-How poverty and adverse childhood events could inhibit the ability to exercise impulse control-Financial stress and anxiety in major economic downturns/world events-Medication-PsychosisActionable steps begin at 31:50.Resources/Links:Millennial Mental Health...2020-04-2747 minMoney and the MindEp14: Investing in Turbulent TimesWelcome to Money and the Mind! On today’s episode, Andy and Aaron discuss investing in light of the pandemic and market volatility, with actionable steps throughout.(Note: Richard Thaler won the The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel in 2017, a slight mistake from what is mentioned in the episode.)Send us an email! moneyandthemind@gmail.comResources/Links:The Little Book of Behavioral InvestingThe Little Book of Common Sense InvestingWarren Buffett’s letters to shareholdersInvestor Psychology, Part II: Following The Stoc...2020-04-1333 minMoney and the MindEp13: Mastering Money ScriptsAndy and Aaron discuss the concept of money scripts. We’ve changed the format of the show to dive right in to the topic. Enjoy!Actionable steps begin at 29:42.Send us an email: moneyandthemind@gmail.comResources/Links:Find your money script (Klontz Money Script Inventory)Mind Over MoneyFacilitating Financial HealthMoney Beliefs and Financial Behaviors: Development of the Klontz Money Script Inventory"RELIABILITY AND CONVERGENT VALIDITY OF THE KMSI-R" by Colby D. Taylor, Bradley Klontz et al.YouTube: Money Scripts: The Psychology of WealthJo...2020-03-3044 minMoney and the MindEp12: COVID CrisisAndy and Aaron have a free-ranging conversation about the pandemic, its mental health and financial implications, and actionable steps to take.Resources/Links (not all discussed but helpful):Money and the Mind blog: The Deception of SwansI'm here, to remind youCreating an Overreaction Plan for the CoronavirusCoronavirus: Why You Must Act Now - Tomas PueyoCoronavirus: The Hammer and the Dance - Tomas PueyoFighting the Coronavirus, and IndividualismIt Takes a VillageAnimal Spirits podcastSuperBetter - Get Stronger, Happier and More ResilientWo...2020-03-2333 minMoney and the MindEp11: Relationship RichesAndy and Aaron discuss:-Andy’s perfected smoked pork-The most rewatchable movies-The number one conflict for couples (bet you can’t guess)-Why is money such a volatile subject in a relationship context?-Reddit post of a money conflict (via Twitter)-Pooled and separate bank accounts-Andy makes a big reveal-Aaron’s two favorite personal finance frameworks-Actionable steps and resources-Aaron’s marriage money mistakeTopic discussion begins at 5:32Actionable steps begin at 26:30Resources/Links:Mind Over Money by Brad...2020-03-1645 minMoney and the MindEp10: Financial Flashpoints (Trauma)Welcome to Money and the Mind! On today’s episode, Andy and Aaron discuss:-Day trading during class (Tweet referenced was deleted)-A financial flashpoint experience for Andy-The psychology of an undercover FBI agent-Trauma’s impact on the brain, physical effects-Flashpoint examples-Actionable steps and resourcesNote - CBT: cognitive behavioral therapy; DBT: dialectical behavior therapyTopic discussion begins at 12:17.Actionable steps begin at 33:51.Resources/Links:The Body Keeps the ScoreHow unprocessed trauma is stored in the body"Psyc...2020-03-0248 minMoney and the MindEp9: Part 2 - Credit Card ControlWelcome to Money and the Mind! On today’s episode, Andy and Aaron discuss:-A cold open cameo from a special guest-Music and memory-Tendencies to buy discounts and rewards-Store credit cards-Socioeconomic status and impact on spending-Hamsters-Actionable steps to help with credit card debtTopic discussion begins at 8:10.Actionable steps start at 18:09.Resources/Links:Money and the Mind websiteOur website’s blog pageMusic and memory (Paper 1, Paper 2)Mad Max: Fury Road’s ‘Doof Warrior’ (frightening for kids)...2020-02-1738 minMoney and the MindEp8: Satisfying SpendingWelcome to Money and the Mind! On today’s episode, Andy and Aaron discuss:-Andy learned how to cook better eggs from Gordon Ramsey-Aaron’s new obsession-Buyer’s remorse-It’s okay to spend!-Neuroplasticity-Ways to spend that maximize wellbeing-Actionable stepsTopic discussion begins at 6:58.Actionable steps are mentioned throughout, with dedicated discussion starting at 36:56.Resources/Links:MasterClassThe (unhelpful) MarketWatch calculatorHappy Money: The Science of Happier SpendingIndistractableI Will Teach You to Be Rich2020-02-0345 minMoney and the MindEp7: Liable Locus of ControlWelcome to Money and the Mind! On today’s episode, Andy and Aaron discuss:-A fun connection to a writer of ‘The Office’ and ‘Parks and Rec’-Internal vs. external locus of control-Internal reference and financial tendencies-Reframing thinking-Our friendly neighbors from Iowa-Actionable steps and resources to helpTopic discussion starts at the 7:05 mark.Resources/actionable steps starts at 25:50 (reframing), and more starting at 31:40. Resources/Links:-Nick Offerman sings our friend David’s jingles on the Poscast-David von Kampen website-Millennial Mental Health...2020-01-2044 minMoney and the MindEp6: Shirking SavingWelcome to Money and the Mind! On today’s episode, Andy and Aaron discuss:-Aaron implementing a show recommendation-Aaron: the most helpful thing I learned this decade-Andy’s bout of depression-Why saving money is difficult-Using an internal locus of control approach to saving-Various ways to help with savingResources/links:-MarketWatch tweet-Article on Dr. Brad Klontz research: Getting Sentimental Could Increase Your Savings-The Effect of Language on Economic Behavior (full paper or a brief NPR link)-I Will Teach You...2020-01-0649 minMoney and the MindEp5: Credit Card ControlWelcome to Money and the Mind! On today’s episode, Andy and Aaron discuss:-Andy’s poker night-Aaron’s (inadvertent) theft attempt-Why it’s easy to accumulate credit card debt-What happens when children see us use credit cards, discussing money with our children-The stress of credit card debt-A ‘Homeward Bound’ reference-Practical and therapeutic ways to help(Note: The Dave Ramsey discussion around minute 16:00 referenced an article written by Rachel Cruze, mistakenly implied as written by Dave.)Resources/links:Jordan Harbinger 6 Minute Netwo...2019-12-2348 minMoney and the MindEp4: Dopamine and DelayWelcome to Money and the Mind! On today’s episode we discuss:-A Frozen 2 family outing-Excitement for Star Wars Episode IX-How dopamine works-Personal examples of the anticipation effect-When dopamine can hurt financial decisions-A brief interview with Kaden-Using dopamine to our advantage-Actionable steps and resources(Note: Andy mentions the year 2012 around the 6:10 mark; the actual year was 2017.)Resources and links:Art of Manliness Podcast #184 with Ramit SethiThe 33 Marks of Maturity by Brett and Kate McKayYour Mo...2019-12-0942 minMoney and the MindEp3: Out-of-Control OverspendingWelcome to Money and the Mind! On today’s episode, we discuss:-The Grilled-Fried-Micro Burger-Omaha’s famous rock-Aaron and Andy’s tendencies with spending-Overspending, its effects, and examples-The Vanderbilts-Techniques/resources to help with overspending-On what Aaron and Andy would overspendLinks:Strange Planet comic (not discussed but perfectly fitting for the episode)Omaha's famous rockFortune’s ChildrenStory reference 1Story reference 2shopaholicnomore.com2019-12-0945 minMoney and the MindEp2: Fear and FinanceWelcome to Money and the Mind! On this episode, we discuss:-Nihilistic password security questions-Common phobias-Andy’s fears/phobias-Aaron’s phobia and related anxiety-Money-related fears-A money avoidance story-Actionable steps and resourcesLinks:Saving $1,000 in 30 daysNegotiating a raise (video)Negotiating a raise (blog with scripts)2019-12-0637 minMoney and the MindEp1: Psychology and MoneyWelcome to Money and the Mind! Discussed in this first episode:-Introducing ourselves-Introducing the show-Andy’s group therapy story-Aaron’s credit card information was stolen-What is financial therapy?-Andy and Aaron discuss their own relationship with money-What did you want to buy when you were a child?-Actionable steps and resourcesLinks:The Atlantic: Your Brain on PovertyCredit KarmaFinancial Therapy AssociationMind Over Money bookI Will Teach You to be Rich bookDr. Brad Klon...2019-12-0642 min