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April 11, 2022

Financial Trauma: How to Manage It – w/ John Delony

John Delony

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Dr. John Delony knows all about financial trauma.

Having experienced it personally and helping others get through it, he knows the signs of it and how to manage it.

In this interview, Dr. John Delony gives advice to others who’ve experienced financial trauma and are working to overcome the emotional effects of the recent pandemic.

Overview

John Delony and I review the following:

  • What is financial trauma
  • How to manage financial trauma in our lives
  • The importance of connections and making time for self-improvement

Financial trauma is a difficult subject and one that I've dealt with personally after my horrific first-time homeownership experience. This conversation with Dr. John Delony helped me realize the importance of controlling my past so I can own my future.

Takeaways

Here are my top three takeaways from my conversation with Dr. John Delony:

Be Curious

There are reactions you have to financial situations in your life. You react that way because of something. Because of the way you were raised or something traumatic that happened in your life. 

Before going off and jumping to the next thing, pause and be curious why you reacted the way you did. 

For example, I’m hyper-conscious about owing people money (especially my mortgage). Is that because I’m crazy? 

No, it’s because I had a horrible go around with my first home buying experience and my present and future are now affected by it. 

Have that same curiosity when you’re thinking of judging others in your life as well?

Instead of “wow, they are CHEAP!” Or “Wow, they spend money like it’s going out of fashion.” … Think a bit deeper about why your friend or your spouse has the financial habits they have. 

Is it something deeper than surface level? Most likely.

So be curious.

Write it Down

When you’re having moments of anxiety, depression, or even just self-doubt, consider writing it down. This is a proven way to help you handle difficult moments in your life.

The act of simply writing it down can be an emotional RELEASE of difficult feelings and it’s also a constructive way to help you decide how big of a problem you’re really dealing with. 

Make and Nurture Connections 

Dealing with trauma in any form is a lot easier with friends and family. After the past couple of years, that may be more difficult than ever. 

Take some time to connect or re-connect with friends and loved ones. Having someone you really respect and love to talk to can be a great way to deal with difficult emotions. 

And, it can be a blessing to be able to give that back in return.

And fun resource for connection are John Delony's “Questions for Humans Conversation Cards“. Check them out!

LISTEN AND SUBSCRIBE ON:

Guest Bio – John Delony

Dr. John Delony is a national best-selling author, mental health and wellness expert and host of The Dr. John Delony Show.

He holds two PhDs – one in Counselor Education and Supervision and another in Higher Education Administration. Before joining Ramsey Solutions, John spent two decades working as a senior leader at multiple universities, a professor and researcher, and crisis responder.

Now as a Ramsey Personality, he teaches people how to reclaim their lives from the madness of the modern world.

Resources – John Delony

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Have you personally experienced financial trauma?  What do you think of the advice from John Delony?

Please let me know in the comments below.


Andy Hill

Andy Hill, AFC® is the award-winning family finance coach behind Marriage Kids and Money - a platform dedicated to helping families build wealth and happiness. With millions of podcast downloads and video views, Andy’s message of family financial empowerment has resonated with listeners, readers and viewers across the world. When he's not "talking money", Andy enjoys being a Soccer Dad, singing karaoke with his wife and relaxing on his hammock.

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