Vicky Reynal is the first financial psychotherapist in the UK, where she has pioneered an approach that applies psychodynamic psychotherapy principles to working with client’s complex relationship with money. Her award-winning book “Money on Your Mind: The Psychology Behind Your Financial Habits” is being translated in 8 languages.

In this episode, I talk with Vicky about the emotional dynamics behind our relationship with money. Vicky discusses the deep emotional connections behind money habits, illustrating how childhood experiences influence behaviors like overspending, hoarding, and financial secrecy. Drawing insights from her book, Money on Your Mind, she emphasizes the importance of curiosity and self-compassion in understanding these patterns. Vicky also explores the societal taboos surrounding money and their role in perpetuating shame and anxiety.

In this episode:
(00:00) - Intro
(01:06) - Meet Vicky Reynal
(03:04) - Understanding emotional reactions to money
(06:03) - Exploring financial behaviors and emotions
(09:43) - The role of curiosity and self-compassion
(16:06) - Financial literacy and emotional awareness
(25:41) - Generosity and its complexities
(29:11) - Navigating inheritance and family dynamics
(30:54) - Gender differences in financial perceptions
(33:20) - Financial advice for couples

Get full show notes and links at https://mindful.money.

ABOUT MINDFUL MONEY:
Do you struggle with money? You’re not alone.

Money is a means, not an end. It’s a necessity of life for sure, but more money does not always guarantee a “good life”. Money enables many aspects of modern life, but as a dominant consideration, it becomes destructive.

The paradox is that more time and energy spent on personal finance does NOT create better outcomes. Unlike many other parts of life, we can’t create better outcomes by being smarter, spending more time, or putting in more effort.

Join Mindful Money author and experienced 40-year investor Jonathan DeYoe as he shares stories from artists, authors, entrepreneurs, and other advisors about how they mindfully minimize their need to think about money and get more out of life.

If you aren’t happy with your finances, feel like money takes more time than it should, or want to place your financial decisions into the broader context of your life, this show is for you.

Each episode will draw the line between the “enough” activities that the academics tell us are additive to family outcomes, and those “little bit more” efforts that take time and sap energy but do NOT improve outcomes.

CONNECT WITH VICKY:
Website: https://www.reynal-psychotherapist.co.uk/
LinkedIn: https://www.linkedin.com/in/vicky-reynal-4070ba133/
Instagram: https://www.instagram.com/vickyreynalpsychotherapy/

MINDFUL MONEY RESOURCES:
Website: https://mindful.money
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🎙️Podcast Production by Turncast: https://turncast.com.