How Your Money Anxiety Might Actually Help Build Wealth
How Your Money Anxiety Might Actually Help Build Wealth  
Podcast: The Money with Katie Show
Published On: Wed Sep 21 2022
Description: According to an APA 2022 Stress in America Survey, 87% of respondents listed inflation as a source of significant stress—and the researchers say no other issue has caused this much stress since the survey's launch.Money anxiety or "financial fear" is common, and to an extent, it can be healthy. If fear about inflation and running out of money prevents you from blowing every dollar on fast casual dining, and instead urges you to save and invest for the future, that fear directly benefits Future You.But if fear prevents you from investing in the stock market because it feels too risky, well…now we’re letting misplaced, data-refuted concerns interfere with our ability to build wealth over time.Understanding your own deeply held beliefs and fears about money can help unlock your next-best step, and it’s not one-size-fits-all. We're joined by Mariel Beasley, Principal at the Center for Advanced Hindsight at Duke University and Co-Founder of the Common Cents Lab (https://advanced-hindsight.com/commoncents-lab/) to discuss financial psychology and what behaviors we can unlearn (or double down on) when it comes to money anxiety.—Mentioned in the EpisodeDownload the free Money Management Routine resource: https://education.morningbrew.com/budgetFarnoosh Torabi's So Money: https://podcasts.apple.com/us/podcast/1348-how-fear-can-drive-financial-excellence-with/id955939085?i=1000558577525The importance of an abundance mindset: https://moneywithkatie.com/blog/shifting-your-money-mindset-from-scarcity-to-abundance"Risk is what you don't plan for": https://www.youtube.com/watch?v=LM-s_HxLzNYChooseFI: https://www.choosefi.com/listen/choose-fi-podcast/Why Hitting "Half FI" is More Like 75%: https://moneywithkatie.com/blog/why-hitting-half-fi-is-more-like-75Financial resources mentioned: LISC, Digit, Qapital—Follow Along- Listen to Money with Katie here: https://www.podpage.com/money-with-katie-show/- Read Money with Katie: https://moneywithkatie.com/Follow Money with Katie!- Instagram: https://www.instagram.com/moneywithkatie/- Twitter: https://twitter.com/moneywithkatie- TikTok: https://www.tiktok.com/@moneywithkatie Subscribe to Morning Brew- Sign up for free today: https://bit.ly/morningbrewytFollow The Brew!- Instagram: https://www.instagram.com/morningbrew/- Twitter: https://twitter.com/MorningBrew- TikTok: https://www.tiktok.com/@morningbrewLearn more about your ad choices. Visit megaphone.fm/adchoices This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.katiegattitassin.com