How Financial Therapy Heals Your Relationship With Money with Sarah Swantner
Today, Ed is joined by financial therapist Sarah Swantner, founder of Black Hills Integrative Counseling & Coaching, LLC in South Dakota.
Sarah is trained in both personal finance and mental health counseling. For the first decade of her professional life, she worked as a mechanical engineer. After that, she spent another decade doing financial planning and began to deal with the emotional side of money. She now specializes in working at the intersection of personal finance and mental health.
Listen in as Sarah reflects on her journey into the field of financial therapy. The former mechanical engineer calls it a transition “from working with things to working with people.” She goes on to share a myriad of lessons that can easily be applied by anyone looking to improve their relationship with money.
To Sarah, financial therapy is about helping people become aware of their emotional and cognitive patterns which are hijacking their relationship with money. Through this process, they can then be given the tools they need to break these destructive patterns and replace them with a healthier and more productive mindset and set of habits.
- From working with things to working with people (02:30)
- Unpacking “financial therapy” (05:30)
- Common themes and issues faced by Sarah’s clients (10:15)
- Baking aspirations into a cashflow plan (15:03)
- Discussing “trauma reenactment” (18:00)
- How fear of judgment impacts people’s ability to face their own financial life (22:30)
- Working with couples, individually (27:50)
- Becoming financially responsible (31:41)
- Finding balance in your financial life and giving yourself permission to overcorrect (35:08)
- Helping people find their voice when they feel voiceless around money (37:48)
Healthy Love and Money Resources:
- Healthy Love and Money Website
- The Couples Guide to Financial Intimacy
- Healthy Love and Money Facebook
- Healthy Love and Money Instagram
- Healthy Love and Money LinkedIn
- The Healthy Love & Money Way: How the Four Attachment Styles Impact Your Financial Well-Being (book)
- Stop Fighting & Start Talking: Gaining Peace and Perspective on Family Finances (book)