ADHD Money Talk
David DeWitt
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Top 10 ADHD Money Talk Episodes
Goodpods has curated a list of the 10 best ADHD Money Talk episodes, ranked by the number of listens and likes each episode have garnered from our listeners. If you are listening to ADHD Money Talk for the first time, there's no better place to start than with one of these standout episodes. If you are a fan of the show, vote for your favorite ADHD Money Talk episode by adding your comments to the episode page.
Not making progress? Make one BIG sacrifice!
ADHD Money Talk
04/05/23 • 9 min
Are you someone with ADHD who's struggling to get a handle on your finances? Well, you're not alone. Many people with ADHD find it challenging to manage their finances, leading to financial stress and anxiety.
But fear not! There is a way out of this financial mess, which could start with making sacrifices.
The Challenge: Make One BIG Sacrifice
I work with so many people who are one sacrifice away from being able to make incredible progress.
Making sacrifices is important for anyone with ADHD who wants financial freedom. It requires discipline, self-control, and prioritization. But with a little effort and sacrifice, you can take control of your finances and live the life you want. So, take a deep breath, plan, and make those sacrifices. Your future self will thank you.
For more information, visit the show notes at https://www.adhdmoneytalk.com/s1e57
Financial planning and coaching for adults with ADHD
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Balancing Financial Coaching with ADHD: Insights, Tools, and Personal Growth on the ADHD Money Talk Journey
ADHD Money Talk
03/06/24 • 15 min
Discover the interplay between financial coaching and the unique challenges that come with ADHD as I bare all in a transparent reflection of ADHD Money Talk's journey. Step into the heart of my endeavors where I grapple with balancing the creation of engaging content and the depth of client work, all while evolving my business to meet the diverse financial needs of those with ADHD. As we navigate through the lessons gleaned from two years of coaching, I'll share with you the psychological insights that play a crucial role in managing money and how personalized financial advice varies among clients with different incomes and organizational abilities.
Join us as we revisit the tools that have shaped budgeting advice for those with ADHD, from the early days of the Honeydew app to my current favorites like Monarch and Tiller Money. But it's not all about the tools; it's also about fostering a thriving money mindset. Hear recommendations for resources that can deepen your understanding of the psychology behind money and why it's vital to engage with your finances daily. And if you're a fan of Twenty One Pilots like me, you'll appreciate the nod to their upcoming releases, which hint at the fusion of personal interests with professional insights in this episode.
Financial planning and coaching for adults with ADHD
ADHD Money Talk on YouTube
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ADHD Does Not Cause Your Money Struggle (Hot Take)
ADHD Money Talk
10/12/23 • 18 min
If you're feeling constantly overwhelmed and defeated by your financial situation, despite your best efforts to manage your money, then you are not alone! Many individuals with ADHD struggle to establish effective financial habits, often facing difficulties with budgeting, impulsivity, and organization. Despite your intentions, you may find that you are consistently overspending, missing bill payments, or struggling to save, leading to increased stress and frustration.
In this episode, you will be able to:
- Understand how ADHD can impact your financial habits and gain strategies to overcome money struggles
- Uncover the role of childhood experiences in shaping your relationship with money and learn how to reframe your mindset for financial success.
- Discover how emotions can influence your financial decision-making and learn techniques to make more mindful choices.
- Explore the underlying causes of your financial struggles and develop a plan to address and overcome them.
- Unlock the value of financial therapy, regular therapy, and working with a specialized financial planner to support your unique needs as an individual with ADHD.
The key moments in this episode are:
00:00:59 - ADHD and Money Struggles
00:06:00 - Childhood Impact on Money
00:07:52 - ADHD Symptoms and Money
00:09:12 - Exploring Childhood and AHA Moments
00:15:20 - The Importance of Emotional Decision-Making
00:15:55 - Mistakes and ADHD
00:16:21 - Addressing Root Causes
00:17:44 - The Need for Exploration
00:18:10 - Conclusion and Encouragement
Want to work with me?
Check out my ADHD Planning & Coaching service.
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If you enjoyed this podcast, the best way to help me is share it with a friend. Reviews and ratings are also appreciated:
Click here to leave a review on Apple
Click here to leave a review on my website
Give me five stars on Spotify
Helping ADHD'ers unleash their financial potential through planning and coaching.
DeWittCM.com/adhd to book free discovery session
Financial planning and coaching for adults with ADHD
ADHD Money Talk on YouTube
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Exploring Monarch Money: The Ultimate Budgeting Tool
ADHD Money Talk
05/17/23 • 26 min
In this episode, we dive into the features and benefits of Monarch Money, an incredible budgeting app that has gained popularity over the past three years. David shares his personal experience with the app and highlights why it stands out from other budgeting tools. From effortless budgeting to intuitive design and gamification elements, Monarch Money offers a refreshing approach to managing your finances. Stay tuned to learn more about its features and how it can help you gain control over your money.
Episode Highlights:
Introducing Monarch Money: A Modern Budgeting Tool
- Monarch Money is a relatively new budgeting tool, just three years old.
- The app stands out for its modern design and user-friendly interface.
- The developers have put great effort into building an intuitive and visually appealing app.
Seamless Account Integration
- Monarch Money allows users to link all their financial accounts, including credit cards, bank accounts, loans, mortgages, and investments.
- It offers smooth integration with popular financial platforms like Plaid and Finicity.
- Manual entry is also available for accounts that cannot be linked directly.
Net Worth Tracking and Zestimate Integration
- Monarch Money enables users to track their net worth by including assets and liabilities, such as property values.
- The app even integrates with Zillow's Zestimate feature for automatic property value updates.
Transitioning from Other Budgeting Apps
- Monarch Money provides easy-to-follow instructions for users switching from other budgeting apps like Mint.
- It offers clear guidance on importing statements from Apple, especially for Apple Card users.
Streamlined Transaction Categorization
- Monarch Money simplifies transaction management by automatically importing pending transactions and allowing users to edit them.
- The app offers customizable rules to categorize transactions automatically based on user preferences.
- Users can enjoy the convenience of quick categorization and real-time tracking of expenses.
Visual Cash Flow Analysis
- Monarch Money's cash flow tab provides a comprehensive view of income, expenses, savings, and savings rates.
- Expenses are categorized by groups, allowing users to identify spending patterns easily.
- Users can also analyze spending by merchants to gain insights into specific areas of expenditure.
Effective Budget Planning
- Monarch Money's plan tab allows users to set budget amounts and track actual expenses.
- The left-to-budget feature helps balance income and expenses effectively.
- The app includes a forecast page where users can set budgets for future months, encouraging proactive financial planning.
Adjusting Budgets in Real Time
- Monitoring progress and making intentional decisions throughout the month is crucial.
- Monarch Money enables users to adjust budgets on the go, reallocating funds between categories or goals.
- The "sweep remaining amount" feature allows users to transfer unspent funds to different categories easily.
Conclusion:
Monarch Money offers a refreshing and user-friendly approach to budgeting. With its intuitive design, seamless account integration, and powerful features like real-time transaction tracking and budget forecasting, the app empowers users to take control of their finances.
Discou
Financial planning and coaching for adults with ADHD
ADHD Money Talk on YouTube
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You Are What You Eat
ADHD Money Talk
03/08/23 • 20 min
Money does not have to lead us to this life of dependence and scarcity. We were just taught wrong. We weren't taught how money really works. No class in high school shows us how to become wealthy and financially free.
Listen in to hear:
- We were never taught how money really works
- The biggest difference between the poor and the wealthy
- Right mindset but wrong brain
Audiobooks to "read":
Rich Dad Poor Dad by Robert Kiyosaki
Why the Stock Market Goes Up by Brian Feroldi
Atomic Habits by James Clear
Money Mammoth by Brad Klontz
The Millionaire Next Door by Thomas Stanley
Think and Grow Rich by Napoleon Hill
The Automatic Millionaire by David Bach
Broke Millennial by Erin Lowry
Clever Girl Finance by Bola Sokunbi
Want to work with me?
Check out my ADHD Planning & Coaching service.
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Click here to leave a review o
Financial planning and coaching for adults with ADHD
ADHD Money Talk on YouTube
Subscribe to the ADHD Money Talk Newsletter!
02/07/22 • 32 min
Today on the show, we are talking about credit cards and getting out of debt! Credit cards and ADHD should generally not be combined. I'll talk about how debt is terrible for our mental and physical health. I'll ultimately explain two strategies to get out of debt: the snowball and avalanche method. I'll start the show by talking about something that has been on my mind regarding ADHD and stigma. And today, I am answering two listener questions!
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Outline of the show
ADHD and stigma [2:50]
Debt is bad for our health [6:15]
Credit cards are tempting [8:15]
Debt and the Bible [11:15]
Credit card debt vs. installment loans [11:45]
Minimum payments are evil [13:00]
Tips to stop using your credit cards [15:20]
Getting to the bottom of why we are in debt [18:40]
The Snowball method [19.30]
The Avalanche method [25:20]
Listener questions [27:15]
Help Me Out!
If you enjoyed this podcast, the best way to help me spread the word is to leave the podcast a genuine review on Apple Podcasts! If you don't have Apple, leave a review on my website, or give me five stars on Spotify.
Click here to leave a review on Apple
Click here to leave a review on my website
Give me five stars on Spotify
Connect with me!
Instagram
Linkedin
Want to work with me?
Check out my ADHD Planning & Coaching service.
Financial planning and coaching for adults with ADHD
ADHD Money Talk on YouTube
Subscribe to the ADHD Money Talk Newsletter!
My ADHD Journey & Why Money is Hard for ADHDers
ADHD Money Talk
01/03/22 • 24 min
Welcome to episode one of the ADHD Money Talk Podcast! I'm so happy you are here giving this podcast a chance. I sure hope you'll stick around and grow with me as we take charge of our money together and open up new possibilities for your future.
Traditional personal finance advice may not work for ADHD brains. That's where this podcast comes in. We'll put all things personal finance through the lens of ADHD.
Outline of the show
Introduction & how to ask me questions [0:00]
My ADHD Journey [2:52]
Money, and why it's hard for ADHDers [14:03]
Money CAN buy happiness! [18:35]
My money epiphany [20:45]
Help Me Out!
If you enjoyed this podcast, the best way to help me spread the word is to leave the podcast a genuine review on Apple Podcasts! If you don't have Apple, leave a review on my website!
Click here to leave a review on Apple
Click here to leave a review on my website
Connect with me!
Instagram
Linkedin
Subscribe to Newsletter & get ADHD Money Mastery Ebook
Subscribe today!
See you next week!
Financial planning and coaching for adults with ADHD
ADHD Money Talk on YouTube
Subscribe to the ADHD Money Talk Newsletter!
Community Question: How To Pay Less Taxes in 2024!
ADHD Money Talk
01/19/24 • 7 min
Ever feel like Uncle Sam is reaching too deep into your pockets? We've got you covered! On today's lively episode, we're unraveling the complex world of taxes for our ADHD community, tackling a tough question from Yvonne in our ADHD Money Talk Facebook group. She's got a state pension and a 403(b), but no 401(k)—so how can she keep a tight grip on her hard-earned cash? Fear not, because we're not just spewing generic advice; we're serving up educational insights that just might spark some genius tax planning strategies for you.
We kick things off with a candid reminder to look at the big financial picture—because tunnel vision on tax reductions can lead to missed opportunities elsewhere. It might sound paradoxical, but we explore why paying more taxes now could actually save you a bundle in the future, especially if you're eyeing a higher tax bracket with a looming promotion. We'll guide you through the ins and outs of Roth IRAs, 403(b)s, and the often overlooked aspect of tax planning over mere tax minimization. Whether you're juggling a state pension or just trying to outsmart the taxman, this chat is locked and loaded with the financial firepower you need to potentially lower your taxable income and secure a wealthier tomorrow.
Join Our Facebook Community Page - https://www.facebook.com/groups/adhdmoneytalk
Financial planning and coaching for adults with ADHD
ADHD Money Talk on YouTube
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8 Ways to Gamify Your Finances
ADHD Money Talk
05/23/22 • 16 min
The brain of an ADHDer like me switches to the off position when we think about saving, budgeting, investing, and planning for our future.
Turning our finances into a game can help.
What makes you want to keep playing your favorite game? Is it leveling-up? Unlocking new quests? Working towards a defined reward?
Add game-like elements to make the hard things more fun and rewarding.
Gamify your investing.
McDonald's uses gamification via their Monopoly game to encourage customers to buy more. Buy a medium drink, not the small one, and get a monopoly game piece. It's fun to try and win and makes us feel like we're in control.
Apps to Gamifying Your Finances
Below are a few apps that could help make money more fun:
1. Yotta is an FDIC-insured bank account. For every $25 saved, you get a lottery ticket each week. So if you have $100 in your account, you get four tickets that week and four tickets the following week. Each day, there's a drawing to see if you've won.
2. Zogo earns “virtual pineapples” by engaging you with educational modules. Exchange virtual pineapples for gift cards and charity donations.
3. Digit is a cash-bucket budgeting approach where you have two checking accounts: one for fixed expenses and the other for the money you have free to spend. It looks at fixed expenses and automatically sets aside money for you. #gamification
4. Qapital allows you to visualize and set up savings goals. It also lets you budget and invest using a feature where you can do things with a partner or significant other.
Gamify Your Finances Without Technology
You don’t need a fancy app to gamifying your finance:
5. Design a competition for yourself
How little can you spend? What can you do to spend as little as you possibly can? How fast can you pay off your debt?
Make it a challenge and reward yourself at the end to keep you motivated.
6. Include your friends and family
Involving your friends and family in the competition revs up those competitive juices, especially for those who love competing.
Having someone else doing the same thing as we are where we have to beat them helps us reach our goals faster.
7. Make your rewards reasonable
Don't make your rewards too big. You don't want to reverse your progress, even if it's something as simple as a night out with a significant other or a guilt-free dinner night.
8. Budgeting Tetris
Create a Tetris board where each square is $100. Fill up the board with your fixed expenses.
Then you can visualize, using different colors and crowns, how much money you have leftover after you fill-up the board with your fixed expenses—shoutout to the Stacking Benjamins podcast for this great idea!
Visit the show notes for links to all the resources mentioned at https://www.adhdmoneytalk.com/021
Want to work with me?
Check out my ADHD Planning & Coaching service
Help Me Out!
If you enjoyed this podcast, the best way to help me is share it with a friend. Reviews and ratings are also appreciated:
Review on Apple
Review on my website
Financial planning and coaching for adults with ADHD
ADHD Money Talk on YouTube
Subscribe to the ADHD Money Talk Newsletter!
05/09/22 • 31 min
Navigating Stressful Times in an ADHD Divorce
Research has shown people with ADHD are twice as likely to be divorced or have more than one marriage than those without.
If you have ADHD, divorce can be extra messy and emotional.
You owe it to yourself, and deserve the clarity, knowledge, and support needed to come out of a divorce knowing you got what you deserve.
Learn about "My Divorce Solution"
In this episode, I speak with Karen Chellew and Catherine Shanahan - who founded My Divorce Solution after their own experiences with divorce.
Karen is a mother of three and has worked for over 30 years in the legal field as a paralegal and business manager.
Catherine is a mother of five, a Certified Divorce Financial Analyst (CDFA), a trained mediator, and has worked in the financial industry for 25 years.
Know the Components of Your Marital Estate
A marital estate includes assets, debts, income, and expenses.
Debt and expenses are two different things, so it's essential to focus on your budget and clearly understand your expenses.
Be aware of marital and non-marital components - and have them documented!
Developing a Divorce Financial Portrait
A divorce financial portrait is a very structured, step-by-step approach, educating a client through a 'launch meeting’, which covers:
•What is essential in their marital/non-marital estate
•Developing and reviewing their budget
•Using an online portal to organize a timeline and track the overall process
•Access to a journal where you can message your advisor and where you can make notes to yourself
The Benefits of Having a Financial Specialist
The divorce financial portrait includes a net worth statement, the person's budget, the financial disclosure, the marital and non-marital demonstration of property, and a table of considerations, which takes every asset and debt and even some income and expenses.
For example: When negotiating the division of the marital home...
•Are you going to sell it or refinance it?
•Which party is going to stay?
• Who will be paying the expenses in the meantime?
When you have the answers to these questions upfront, your attorney can advocate for you.
The divorce financial portrait helps them discuss what they want very specific to their cash flow needs, the tax impact, and other financial considerations.
Another benefit to having a financial specialist is not needing two attorneys to gather the same information, which streamlines the process and provides symmetry among the documentation.
Asking Questions is Not Being Questioned
You have a right to ask questions during your divorce. You deserve to have financial awareness because financial awareness will set you up for having freedom, moving on, and healthier relationships.
If you're interested in more information about the divorce solution, visit https://mydivorcesolution.com
Want to work with me?
Check out my ADHD Planning & Coaching service.
Help Me Out!
If you enjoyed this podcast, the best way to help me is share it with a friend. Reviews and ratings are also appreciated:
Click here to leave a review on Apple
Click here to le
Financial planning and coaching for adults with ADHD
ADHD Money Talk on YouTube
Subscribe to the ADHD Money Talk Newsletter!
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FAQ
How many episodes does ADHD Money Talk have?
ADHD Money Talk currently has 75 episodes available.
What topics does ADHD Money Talk cover?
The podcast is about Debt, Investing, Personal Finance, Podcasts, Adhd, Self-Improvement, Education and Business.
What is the most popular episode on ADHD Money Talk?
The episode title 'Balancing Financial Coaching with ADHD: Insights, Tools, and Personal Growth on the ADHD Money Talk Journey' is the most popular.
What is the average episode length on ADHD Money Talk?
The average episode length on ADHD Money Talk is 21 minutes.
How often are episodes of ADHD Money Talk released?
Episodes of ADHD Money Talk are typically released every 7 days.
When was the first episode of ADHD Money Talk?
The first episode of ADHD Money Talk was released on Nov 30, 2021.
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