How does trauma impact the money decisions we make? Tune in to the NGPF podcast with Chantel Chapman to find out! 

 

Today on the podcast, Yanely discusses financial trauma with Chantel Chapman, co-founder of The Trauma of Money and founder of What The Finances. Chantel shares her life experiences as a mortgage broker and financial literacy consultant and how they led to her focus on helping people overcome their financial traumas. Chantel discusses the framework she uses in her work and the steps in the process that help people understand their relationship to money and how to improve it. Enjoy! 

 

 

Details:

• 0:00~1:35 Introduction
• 1:35~5:55 Career history as a mortgage broker
• 5:55~10:13 How growing up in poverty inspired her interest in financial education and understanding financial trauma
• 10:13~13:05 Challenges of being an entrepreneur
• 13:05~18:15 Example mindfulness exercise to alleviate financial anxiety
• 18:15~21:14 What is the “trauma of money”?
• 21:14~22:19 How did the Trauma of Money’s definition influence its framework/program?
• 22:19~23:13 What traumas impact one’s relationship with money?
• 23:13~25:42 Societal financial trauma
• 25:42~27:39 “Laws of Nature”: There are multiple worldviews of what wealth means 
• 27:39~29:58 How does the trauma of money impact financial literacy? 
• 29:58~35:58 Why is financial literacy the final layer in Trauma of Money’s framework?
• 35:58~39:24 Phase one of Trauma of Money’s framework
• 39:24~41:47 Mindfulness impacting Trauma of Money’s framework
• 41:47~43:00 Animals helping regulate the nervous system
• 43:00~45:48 “State of scarcity” and how it impacts financial decisions
• 45:48~50:00 Shame, how it affects financial decisions, and how the framework address this
• 50:00~51:57 Conclusion

Resources:

• Trauma of Money
• Original Auto-Generated Transcript of the Speaker Series Event

Quote:

• “We asked this question: like what actually impacts our relationship with money? And this is the model that we teach from. So in our program… we go through these different layers. The first one is generational or intergenerational trauma…The next is relational trauma. So this is trauma that happens in relation to you and someone else within your lifetime. The third layer is societal trauma, and this is a huge one, and this trauma is a result of the dominant culture that we live in.”

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Interested in the psychology of money decisions. Here's another podcast you might enjoy with Daniel Crosby.