Maggie Baker Ph.D. Explains The Need For and Benefits Of Financial Therapy Money problems don’t stay in your wallet. They show up in your mood, your relationships, your sleep and that tense feeling you get when you open a statement you’ve been avoiding is explained in this episode of the Good Neighbor Podcast. Host Bob Blaisse sits down with Dr. Maggie Baker, PhD, veteran psychologist and author of: Crazy About Money: How Emotions Confuse Our Money Choices and What To Do About It. You'll hear talk about "Financial Therapy," and Dr. Baker explains why the hardest part of “getting your finances together” is often due to emotional spending, shame and memories related to money from long before you earned it. Dr. Baker shares how a major loss during the year 2000 stock market spiral sent her into a year-long depression with deep emotional pain over having money and then not having it. Being a researcher and psychologist, Dr. Baker's own healing also came with a new mission to help others with "Financial Therapy," which Dr. Maggie Baker, Ph.D., developed into her practice. Listen and learn what financial therapy looks like: not investment picking, but understanding why smart, capable people still end up stuck in the same bad money habits. That door swings open with talk about the taboo of honest money conversations, how secrecy fuels stress and why compassion is the fastest way to create breathing room for change. In this episode, you’ll also hear an example of a married couple with good jobs, and how they couldn’t figure out where their money was going until Dr. Baker's simple tracking exercise exposed a habit that didn’t match their goals, which required values-based budgeting when spending turns compulsive and begins to look like a shopping addiction. But fear not, Dr. Baker also shares how quickly progress can be made, when it starts with talking it out, without judgment. If you are experiencing stress and emotional drivers behind your financial anxiety due to spending choices that you or someone you care about can’t seem to make on their own, this episode of the Good Neighbor Podcast with Maggie Baker, Ph.D., can truly become a financial win. Dr. Maggie Baker, Ph.D. MaggieBakerPhD.com facebook.com/MaggieBakerPhD instagram.com/maggiebakerphd --- About The Show--- Good Neighbor Podcast is a spotlight on local businesses in and around Delaware County, PA (“Delco” ) and Beyond... The executive producer and host, Bob Blaisse, is a community sponsorship advocate, business branding specialist, and publisher of several hometown magazines, including: Newtown Square Friends & Neighbors, Marple Friends & Neighbors and Newtown Edgmont Friends & Neighbors, mailed monthly to more than 12,000 homes in Western Delaware County, PA, and also available for reading online.
