In this episode Lisa Drennon engages with financial expert John Joseph De Goey to explore the intricate relationship between personal finance and emotional well-being. They discuss the importance of financial literacy, the impact of optimism bias on financial decisions, and the emotional repercussions of divorce on financial stability. John shares his insights on building trust in financial relationships and emphasizes the need for evidence-based decision-making in finance. The conversation highlights the significance of understanding one's relationship with money and the emotional aspects that influence financial choices.

Takeaways:

It's important to squash financial illiteracy.

Understanding financial terms is crucial for making informed decisions.

Optimism bias can lead to poor financial choices.

Marriage decisions can have significant financial implications.

Divorce can have both emotional and financial repercussions.

Building a positive relationship with money is essential.

Trust is foundational in financial relationships.

Evidence-based decision-making is key in finance.

Money should be viewed as a means to an end.

Maintaining emotional well-being is important in financial planning.

Chapters

00:00 Introduction to Money Stories and Relationships

02:32 Early Money Memories and Financial Education

05:07 Personal Risks and Financial Decisions

09:06 Emotional Impact of Divorce on Finances

12:28 Building a Positive Relationship with Money

15:20 Trust and Client Relationships in Finance

17:38 Advice on Evidence-Based Financial Decisions

Connect with John here:

https://www.johndegoey.ca/ /

LinkedIn : https://ca.linkedin.com/in/johndegoey /

https://www.listennotes.com/podcasts/make-better-wealth-decisions-how-financial-JEvywnpTd3H/

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