How to Improve Your Relationship With Money in 4 Steps
episodePreviously titled “Ep 138 | Why Am I Bad With Money? 4 Mindset Shifts to Help You Move Forward” — renamed by the publisher on Aug 2, 2026
Wealthy After 40: Retirement Planning and Budgeting for Gen X
17 min
1 speaker
2 chapters
transcribed 1 month ago
Transcript
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Transcript generated automatically by AI and may contain errors.
What is the main topic discussed in this episode?
Shame around money keeps you stuck more than not having the right tools or strategies. Learning to have compassion with who you are and who you want to be will have you making progress more quickly. In this episode, I'll share four ideas to help you get unstuck in a very compassionate way. Welcome to the Wealthy After 40 podcast, the show for Gen X women and couples who are ready to ditch financial stress and feel confident about retirement. I'm your host, Dailene Higgins, financial and retirement coach, helping Gen Xers master their money and create a personalized retirement plan so they can stop spinning their wheels and step boldly into their dream retirement. If you're feeling behind, don't worry.
Continue listening to this podcast as well as be sure to grab your free guide, Five Must Do Steps to Start Retirement Planning Now at elevatefinances.us backslash must do. And remember, let's make retirement possible together. Welcome to the episodes. If you listened to the intro, we're diving into financial shame and guilt. We're going to be talking a little bit about the two, what the difference is, but I'm sure every listener here, myself included, has at some point experienced shame or guilt around money. And if we get caught up in it, it's going to keep us stuck. It's going to keep us stuck. But it's important to know that that you're not alone. Even successful people, even if they're not going to be honest and tell you, I'm sure they have experienced this at some point.
It's just the way we are. It's human nature. But the important thing is not getting stuck in this cycle. And we'll talk about that. But if you have ever thought, I should know better, or I'm so behind. you're not broken. You're just human and you're capable of change. Today, we're not diving into strategy or spreadsheets or tools or anything like that. We're going to be unpacking emotional blocks. These types of thoughts, ideas, they will keep us holding back from taking action with our money. And once you learn to release the shame and the guilt, you will be able to make progress because you unlock something so much more powerful, and that is you believing in yourself. Before we get into all of that, I want to talk about financial shame versus financial guilt.
Shame is when you say, I am bad. I am the bad person and you reflect it all on you. And guilt is, I did something bad. See how there's not that personalization? If you are experiencing shame and you're like, well, I don't know the difference. Okay, shame might be you're avoiding the budget. You're not opening your bills or your email, whether it's in the mail or your email. Or you're just saying, I'm bad with money. You're doing that personalization with the I. And honestly, overall, you're going to be procrastinating with your finances. And it's a hard place to get out of because shame keeps whispering to you. And it's going to whisper and that it's too late, that you've messed up too much, and that you're behind everyone else.
This isn't true, and I'm going to share with you why that is. Shame, why is shame holding you back? Shame creates paralysis. If you've ever heard the term, you know, analysis paralysis, it's very similar. but you're not taking action. And when you don't take action, you add more shame. and you have no action, and then you become stuck in this cycle. The longer you stay stuck in this shame cycle, the more disconnected you become from your financial goals, your confidence to be able to handle them really well, and even your ability to take small steps. Now, You have been the one holding it together for everyone in your family. We run a household. We've done really well in our career, helped our kids maneuver through their life.
And now when it comes to your own future, you hesitate. Because the shame, which is whispering, tells you you're already behind. And you're thinking, if I'm already behind, what does it matter? What does it matter? But I am going to talk louder than your shame whisper. And I am telling you, your goals are still valid.
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Chapters
2 chaptersSpeakers
1 identifiedMore from Wealthy After 40: Retirement Planning and Budgeting for Gen X
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