Financial Balance & Freedom with Adam Kol

-GUEST BIOGRAPHY-

Adam Kol is The Couples Financial Coach. He helps couples go from financial overwhelm or fighting to clarity, teamwork, and peace of mind.

Adam is a Certified Financial Therapist - Level I™, Certified Mediator, and Tax Attorney with a Duke Law degree and a Master's in Tax Law from NYU. He is a husband, dog dad, musician, and social justice advocate, as well.

Adam has been quoted in The Wall Street Journal, Marie Claire, CNBC, and more.

Website: https://www.couplesfinancialcoach.com/ 

-EPISODE SUMMARY-

PRACTICES: 

• Imagine you have $10 000 and you have to spend it on yourself. What would you spend it on? 
• Look at your credit card bill and notice what comes up for you as you look at your expenses. 
• Seek out financial resources that will prompt your thinking. 

IDEAS: 

• Money has a tactical aspect as well as a human/emotional/spiritual side. It is complex and for many people a taboo subject. 
• Reflect on your relationship to money. Where does that relationship come from? Are there aspects of that relationship that aren’t aligned? 
• Money connects to history, context, narratives, gender and race. The mindsets that were developed in these contexts were passed on. 
• Money can meet deeper needs. For instance, buying your time and energy back, giving security and peace of mind & knowing you’re on track towards your goals.  
• The four money scripts (avoidance, worship, status, vigilance) is a popular way of understanding different relationships to money. 
• Finding financial balance requires aligning with your values, needs and wants.
• Balance comes from both self-awareness and trial and error. 
• When there are fears around money, show up with compassion and acceptance. 
• There are a few core concepts in finance that are easy to understand: income, expenses, assets, debts, and interest rates. You can learn how they are related and how they connect to your goals. 
• No matter how much money you have, there will always be stressors. 
• Confronting money issues can give you a sense of empowerment.

RESOURCES: 

• www.richandregular.com 
• www.stefanieoconnell.com
• www.jenhemphill.com 
• www.heyberna.com 
• www.moneysmartlatina.com 
• www.resourcegeneration.org 

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