Financial therapist Nathan Reed argues that most money problems are not math problems-they are emotional problems. In "The Wallet Trauma," Reed explores how childhood experiences, family narratives ("we are not the kind of people who have money"), and past financial shocks create a "money script" that dictates our adult behavior.Reed explains why some people compulsively spend to soothe anxiety (retail therapy), while others hoard money out of a fear of scarcity, never enjoying their wealth. He introduces the concept of "Financial PTSD" for those who have lived through bankruptcy or poverty,...
Financial therapist Nathan Reed argues that most money problems are not math problems-they are emotional problems. In "The Wallet Trauma," Reed explor...