Summary: In this episode, hosts Will Hoffman and Brynn Tarbuck delve into the concept of money dysphoria, exploring how feelings and perceptions about money can lead to a profound sense of dissatisfaction. They discuss the impact of generational experiences, the role of social media in shaping financial perceptions, and the importance of creating a balanced financial plan. The conversation emphasizes the need for honest discussions about financial goals and the significance of having a plan in place to navigate financial uncertainties. Resources for mental health and financial advice are also shared to help listeners manage their financial well-being.

Takeaways:

• 
  
• Money dysphoria refers to a profound sense of dissatisfaction with one’s financial situation.
  
• Lifestyle creep can lead to overspending and financial stress.
  
• Younger generations are more concerned about financial stability due to past economic crises.
  
• Social media can distort perceptions of wealth and success.
  
• Having a financial plan is essential for peace of mind and financial independence.
  
• It’s important to differentiate between needs and wants in financial planning.
  
• Creating a budget helps in understanding cash flow and spending habits.
  
• Regularly revisiting financial plans can help alleviate irrational fears about money.
  
• Resources are available to support mental health in relation to financial concerns.
  
• Balance in spending and saving is key to enjoying life while being financially responsible.
  

Resources:

• 
  
• Cash Flow Calculator: https://www.hoffman-wealthmanagement.com/resource-center/money/what-is-my-current-cash-flow
  
• Mental Health & Money Advice: https://www.mentalhealthandmoneyadvice.org/en/