505 – Mental Health and Money with Financial Therapist Amanda Clayman

Debt Free in 30

Doug is joined by Amanda Clayman, a financial therapist specializing in helping clients understand how their thoughts, feelings, and past experiences shape their financial choices through Cognitive Behavioral Therapy. Her expertise has been highlighted in various media outlets including CNBC, Forbes, The Wall Street Journal, The New York Times, and The Oprah Magazine.

In this episode, we look at the emotional aspects of financial challenges and address the impact it can have on our mental health. Amanda shares strategies for achieving financial objectives during times of struggle. We also discuss how financial decisions affect our relationships and the importance of values and goals.

Time Stamps:

00:00 Introduction

01:17 What is a financial therapist?

03:35 How can a financial therapist help you?

04:13 Do financial problems cause psychological stress?

06:07 How does financial therapy work?

09:01 What’s an example of how someone would describe their financial situation?

11:53 Advice for couples dealing with difficult financial decisions

17:00 Client trends in financial therapy

17:37 Values and goals

24:13 How many sessions of financial therapy will you need?

Related Links:

Are Debt and Mental Health Connected? Understanding Debt Stress: https://www.hoyes.com/blog/are-debt-and-mental-health-connected-understanding-debt-stress/

About Amanda: https://amandaclayman.com/about

Amanda Clayman Website: https://amandaclayman.com/

Amanda’s Podcast, Emotional Investment: www.Audible.com/emotionalinvestment

Amanda Clayman LinkedIn: https://www.linkedin.com/in/amandaclayman/

Amanda Clayman Twitter: https://twitter.com/mandaclay

Amanda Clayman Instagram: https://www.instagram.com/amandaclayman/

Amanda Clayman Facebook: https://www.facebook.com/AmandaClaymanFinancialTherapy/

Amanda Clayman Pinterest: https://www.pinterest.ca/claymanamanda/