EP. 122 - Money Psychologist: After 20 Years In Banking, I Learnt This About Money..! ft. Norma Cassius

Joining us in the booth this week is Norma Cassius who is a Psychotherapist & Money Management Consultant with over 20 years experience in banking and 17 years as a Qualified Psychotherapist. As part of mental health week we wanted to shed a light on the link between money and mental health and what you can do to reduce stress and anxiety when it comes to money. 

In this episode we discuss:

• The Psychology of Money
• Why people stress bout Money & how to combat it
• The impact of Debt & Spending on Mental Health
• Organisations that help with Debt
• The importance of a Budget
• Two parts of the brain that influences Spending
• How to think like a Bank!
• Steps you can take today to Build Wealth
• How to be positive in the Cost of Living Crisis and more!

Connect with Norma on her website: https://www.normacassius.com

Connect with Norma on Instagram: https://www.instagram.com/think.like.a.bank

Follow me on: 

• Instagram - https://www.instagram.com/savvywallet
• Tiktok - https://www.tiktok.com/@savvywallet

Check out: https://www.youtube.com/savvywallet for the video version

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Timestamps

00:00 - Preview

01:13 - Intro

01:49 - Meet Psychotherapist & Money Management Consultant Norma

03:54 - Lessons learnt from my parents

07:32 - Growing up in Bow, London!

12:04 - This is how I started my career in a bank

14:16 - Surviving domestic violence & economic abuse

16:42 - My job as a psychotherapist

18:01 - This is how people cope with money struggles

20:00 - Easier to swipe a card than part with cash!

21:34 - Why do people stress about money?

22:50 - The Psychology Of Money…!

25:17 - A lot of my clients feel like they need a 2nd job…!

28:39 - How not to be stressed about money…!

30:54 - Reasons why people get into debt…!

36:39 - Impact of debt on your mental health…!

39:03 - Is being in debt really that bad?!

40:52 - How to be comfortable with debt & How to get out of debt…!

45:27 - Organisations that help you with debt…!

47:11 - What’s your relationship with money…!

49:49 - There are two parts of the brain that influences spending…!

52:45 - Budgeting is like driving a car without…!

57:38 - How to not feel bad spending your money…!

58:47 - How to think like a Bank!

01:01:32 - How I Paid Off My Mortgage In 10 years…!

01:02:51 - Buying a property in Miami..!

01:04:42 - Steps you can take today to build wealth… !

01:06:33 - How to be positive in the cost of living crisis…!

01:08:27 - Final words

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