Are You Blind to Money Manipulation? How to Reclaim Your Financial Power After Ending a Toxic Relationship

Financial Planning and Education After Divorce (1:31 - 4:55)
- Discuss the importance of financial planning and education after divorce.
- Share a personal story of divorce and the financial challenges that come with it.
- Highlight the speaker's passion for their work, stemming from their own childhood experiences and professional career.
- Share personal experiences with money, including feeling lost in a foreign language at an investment bank.
- Explain how these experiences led the speaker to become a financial advisor.
Financial Changes After Divorce and Avoidance of Money Talks (4:55 - 9:01)
- Stephanie McPhail notes that single moms face a greater risk factor for poverty.
- Discuss the challenges of lifestyle changes after a divorce.
- Highlight the lack of financial knowledge and control for one partner in a long-term relationship.
- Share an experience of avoiding discussions about money in a toxic marriage.
- Discuss the emotional overwhelm and fear associated with money talks.
Financial Abuse, Manipulation, and Independence (9:01 - 15:04)
- Share a client story of a woman who was manipulated by someone online to give away her money.
- Highlight the commonality of financially abusive relationships.
- Explain how financial abuse can start with kind intentions but eventually lead to exploitation.
- Advise starting small when discussing finances in a new relationship.
- Discuss the importance of checking in with oneself before bringing up finances.
- Advise avoiding sensitive topics like income or net worth.
Financial Planning After a Toxic Relationship (15:04 - 19:34)
- Acknowledge the change in your life and get clear on your income and expenses.
- Get clear on your fixed expenses and make intentional decisions to change them if necessary.
- Emphasize the importance of keeping fixed expenses low to maintain flexibility.
- Agree with Stephanie McPhail and add that it's crucial to find a trustworthy financial advisor.
Divorce and Financial Planning (19:34 - 24:26)
- Discuss the importance of letting go of emotional baggage when going through a divorce.
- Share a client story of a woman who downsized and made a change after her divorce.
- Encourage people to get clear about their specific worries and create a plan to address them.
- Emphasize the importance of considering the reality of one's situation and the potential for post-divorce financial stability.
Financial Empowerment During Divorce with Expert Advice (24:26 - 27:00)
- Emphasize the importance of recognizing and addressing financial limitations in unhealthy relationships.
- Encourage listeners to seek support from experts and trusted individuals in financial planning.
- Offer free resources for women going through divorce.
- Encourage listeners to seek support from professionals who prioritize empathy and compassion.
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Information
- Show
- FrequencyUpdated Weekly
- PublishedNovember 8, 2023 at 3:00 PM UTC
- Length29 min
- Season1
- Episode22
- RatingClean