Show Notes Guest: Jasper Lee, PhD - Clinical Psychologist Episode Summary: In this episode, Jasper Lee discusses the psychological elements that impact the journey to financial independence (FI). He provides actionable insights on dealing with emotions and behaviors that influence financial decisions, emphasizing cognitive restructuring and behavioral activation as key strategies. Key Takeaways <ul class="list-disc pl-3"> <li class="leading-snug">Psychology in FI: 90-95% of the FI journey is psychological, with the remaining being about the mechanics of money.</li> <li class="leading-snug">Understanding Money Scripts: Early lessons about money shape adult attitudes; awareness of these scripts can help shift unhelpful patterns.</li> <li class="leading-snug">Cognitive Restructuring: Challenge unhelpful thoughts to foster a healthier money mindset.</li> <li class="leading-snug">Behavioral Activation: Engage in activities that bring joy and fulfillment to enhance emotional well-being.</li> </ul> Timestamps & Insights <ul class="list-disc pl-3"> <li class="leading-snug"> 00:00:00 Introduction to Jasper Lee <ul class="list-disc pl-3"> <li class="leading-snug">Overview of Jasper's qualifications and focus on the intersection of psychology and FI.</li> </ul> </li> <li class="leading-snug"> 00:02:30 Psychology and Financial Independence <ul class="list-disc pl-3"> <li class="leading-snug">Key Quote: "Psychology comprises 90-95% of the FI journey."</li> <li class="leading-snug">Discussion on how our emotions and thoughts relate to financial strategies.</li> </ul> </li> <li class="leading-snug"> 00:20:50 Understanding Money Scripts <ul class="list-disc pl-3"> <li class="leading-snug">Key Quote: "Childhood experiences shape our adult relationships with money."</li> <li class="leading-snug">The Klontz Money Script Inventory helps identify personal money scripts.</li> </ul> </li> <li class="leading-snug"> 00:32:45 Cognitive Restructuring Explained <ul class="list-disc pl-3"> <li class="leading-snug">Key Quote: "Identify and challenge unhelpful thought patterns to reduce anxiety about money."</li> <li class="leading-snug">Techniques for restructing thoughts include evidence for vs. against, and balanced thinking.</li> </ul> </li> <li class="leading-snug"> 00:52:00 Behavioral Activation Insights <ul class="list-disc pl-3"> <li class="leading-snug">Key Quote: "Engage in activities that enrich your life."</li> <li class="leading-snug">Importance of balancing accomplishment, pleasure, social interactions, and physical activities.</li> </ul> </li> <li class="leading-snug"> 01:03:30 Closure and Resources <ul class="list-disc pl-3"> <li class="leading-snug">Suggested resource: The Happiness Trap by Russ Harris for further exploration of acceptance and commitment strategies.</li> </ul> </li> </ul> Actionable Takeaways <ul class="list-disc pl-3"> <li class="leading-snug">Engagement Experimentation: Reflect on week-long activities and assess which bring joy. (Timestamp: 00:15:28)</li> <li class="leading-snug">Cognitive Restructuring Practice: Challenge and replace unhelpful thoughts with balanced perspectives. (Timestamp: 00:32:18)</li> </ul> Discussion Questions <ul class="list-disc pl-3"> <li class="leading-snug">What financial beliefs did you inherit from your childhood? (Timestamp: 00:20:00)</li> <li class="leading-snug">How do your thoughts affect your financial decisions? (Timestamp: 00:32:45)</li> </ul> Related Resources <ul class="list-disc pl-3"> <li class="leading-snug">Klontz Money Script Test: <a class= "text-blue-600 no-underline dark:text-blue-300 mb-[4px] font-semibold leading-7" href="https://www.bradklontz.com/moneyscriptstest" target="_blank" rel="noopener noreferrer">Take the Test</a> (Timestamp: 00:20:50)</li> <li class="leading-snug">The Happiness Trap by Russ Harris: <a class= "text-blue-600 no-underline dark:text-blue-300 mb-[4px] font-semibold leading-7" href="https://www.amazon.com/dp/1459644740?tag=choosefi-20" target= "_blank" rel="noopener noreferrer">Read Here</a> (Timestamp: 01:03:30)</li> <li class="leading-snug">Jasper Lee's website: <a class= "text-blue-600 no-underline dark:text-blue-300 mb-[4px] font-semibold leading-7" href="https://www.jasperleephd.com/" target="_blank" rel= "noopener noreferrer">jasperleephd.com</a></li> </ul>

Podurama

Home

Trending

Personal

Your Podcasts

New Episodes

My Files

Favourite Episodes

Tags (Folders)

Recently Played

Bookmarks

Followed Playlists

Cognitive Behavioral Tools for FI With Jasper Lee, PhD | Ep 573

ChooseFI

AI Chapters

AI Insights

Reviews