ADHD Money Talk
David DeWitt, CFP®
When your brain and your bank account are constantly fighting, it's time for a new approach.
ADHD Money Talk is the podcast that finally addresses what traditional financial advice misses: how ADHD fundamentally changes your relationship with money. From impulse spending and financial avoidance to the shame spiral that keeps you stuck, we tackle the real challenges that come with managing money when your brain works differently.
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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.
Community Question: How To Pay Less Taxes in 2024!
ADHD Money Talk
01/19/24 • 9 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
Struggling with money chaos and ADHD?
Start your money transformation with my ADHD Financial Kickstarter session. A one on one meeting where we'll dive into into your unique situation and build a personalized roadmap tailored to you.
No generic advice—just clear, actionable steps to transform your relationship with money. One premium session, one comprehensive plan, zero subscriptions. Book your call today!
shamelessmoney.com/adhd-financial-kickstart
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8 Ways to Gamify Your Finances
ADHD Money Talk
05/23/22 • 17 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?
Struggling with money chaos and ADHD?
Start your money transformation with my ADHD Financial Kickstarter session. A one on one meeting where we'll dive into into your unique situation and build a personalized roadmap tailored to you.
No generic advice—just clear, actionable steps to transform your relationship with money. One premium session, one comprehensive plan, zero subscriptions. Book your call today!
shamelessmoney.com/adhd-financial-kickstart
Learn more about ADHD-friendly financial coaching
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Sacrifices: My ADHD Money Awakening Story
ADHD Money Talk
05/16/22 • 29 min
ADHD makes managing money hard. It requires a lot of starts & stops, trials & failures, recovering, bouncing back, and resilience.
We may intellectually understand why managing your money is essential, but when it comes to implementing a plan, we hit a wall.
That was me too.
My Story: Digging Myself Into a Hole
My first job after college was as a mutual fund accounting analyst. I became hyper-fixated on becoming a wall street stock analyst.
I studied to get my chartered financial analyst (CFA) certification, and passed level one on my second try.
However, I couldn't quite finish the other two. I was burned out and no longer motivated.
A new hyper-fixation popped up in the comedown of passing the level one exam; I decided to buy a house.
One year into working as a financial advisor, I was focused exclusively on investing. I wasn't operating as the comprehensive planner I studied to be, and fully furnished my home all on credit.
...in one day.
“No interest for 24 months”. Who could resist?
Further big purchases included a golf simulator, gear, lessons, substantial grocery bills, subscriptions, and landscaping. I was out of control.
Amid my spending frenzy, I told myself I would be making way more money, and everything would take care of itself. But it didn't. I depleted all of my savings and built up an enormous amount of debt.
To make things worse, I started dipping into my investments. It all backfired.
Digging Myself Out
So how did I get myself out of the mess? First, I read everything I could find about ADHD.
The new knowledge helped me acquire healing and self-acceptance, which allowed me to feel worthy of having a solid financial situation.
I pursued my CFP certification once again, tracked my spending, and sacrificed things to regain control.
To reduce my expenses $1,300 a month I sacrificed:
- $450: Country club membership
- $400: Meal kit deliveries
- $300: Shopping at different grocery stores
- $100: Subscriptions and lowered my cable package
- $60: Spa treatments
I also stopped buying golf equipment, accessories, and clothes. The feeling of control was more rewarding than having things.
Where I am Today
Through sacrificing and making adjustments to my life, I am now out of debt and have savings.
I also regularly contribute to my investments!
All the sacrifices helped me developed a "spending awareness muscle" to repel the urge to spend when I see it creeping in.
I hope my story helped you. ind a way that works to get fired up about having a budget. Visualize your dreams, and make them feel real in your ADHD brain.
Recommended reads:
- Delivered From Distraction: Getting the Most Out of Life with Attention Deficit Disorder, by Dan Cashman
- ADHD 2.0: New Science and Essential Strategies
Struggling with money chaos and ADHD?
Start your money transformation with my ADHD Financial Kickstarter session. A one on one meeting where we'll dive into into your unique situation and build a personalized roadmap tailored to you.
No generic advice—just clear, actionable steps to transform your relationship with money. One premium session, one comprehensive plan, zero subscriptions. Book your call today!
shamelessmoney.com/adhd-financial-kickstart
Learn more about ADHD-friendly financial coaching
Follow me on YouTube
Subscribe to the newsletter
02/14/22 • 25 min
Today on the show, we are talking about making more money! Now, this is not just to have more money. It is really because you've realized how important financial security and peace of mind are to you, and you have decided that one of the ways you can improve your life and the life of your family is by having more income. So we get into various ways to potentially make some more money on the side without much investment!
I also talk about ADHD and creativity. Specifically, a study from 2018 suggests ADHDers are more creative than our neurotypical peers. I also talk about ADHD and drama. I read an article that really hit home for me about why we can self-sabotage by inviting drama into our lives unwittingly.
Outline of the show
ADHD and creativity [3:00]
ADHD and drama [4:40]
Making more money [9:38]
Start your own business on the side! [10:15]
All of the other ways to make more money [15:05]
Listener question on credit card selection for a beginner [20:02]
Articles Discussed in the show.
Why We Crave the Drama That Sabotages Relationships
New evidence that the “chaotic mind” of ADHD brings creative advantages
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.
Struggling with money chaos and ADHD?
Start your money transformation with my ADHD Financial Kickstarter session. A one on one meeting where we'll dive into into your unique situation and build a personalized roadmap tailored to you.
No generic advice—just clear, actionable steps to transform your relationship with money. One premium session, one comprehensive plan, zero subscriptions. Book your call today!
shamelessmoney.com/adhd-financial-kickstart
Learn more about ADHD-friendly financial coaching
Follow me on YouTube
Subscribe to the newsletter
Yes, There's a Word for That: Procrastivity! & Are You Leaving Free Money on the Table?
ADHD Money Talk
03/07/22 • 22 min
You know that thing that happens where you need to do a big important thing, but then you do a million little not important things instead? Well, there is a word for that. Procrastivity. In today's show, I talk about what it is, examples of how it affects us, and how we can cut it out!
Next, I talk about getting free money. We ADHDers already pay a thing called the ADHD tax. That is late fees, things we don't need, and the food we don't eat. Well, to help offset the tax, we might as well take the free money that is offered to us. And what I am talking about is making sure you get your full match through your 401(k) at work.
Finally, I'll answer a listener question about how to study for an exam while you are also working! Lucy wants tips on how to actually sit down and study.
Outline of the Show
Procrastivity [2:45]
Get your free money! [11:25]
Sitting down to start studying [16:23]
Join My Facebook Group!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 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
Struggling with money chaos and ADHD?
Start your money transformation with my ADHD Financial Kickstarter session. A one on one meeting where we'll dive into into your unique situation and build a personalized roadmap tailored to you.
No generic advice—just clear, actionable steps to transform your relationship with money. One premium session, one comprehensive plan, zero subscriptions. Book your call today!
shamelessmoney.com/adhd-financial-kickstart
Learn more about ADHD-friendly financial coaching
Follow me on YouTube
Subscribe to the newsletter
Mastering Career and Finances with ADHD: Insights and Strategies from Shell Mendelson
ADHD Money Talk
06/05/24 • 53 min
Unlock the secrets to mastering your career and finances, especially if you have ADHD, with insights from our 35-year veteran ADHD career coach, Shell Mendelson. We kick off the episode with an exciting announcement of our new project aimed at helping ADHDers gain better control over their financial lives. Shell shares her invaluable wisdom, including her adapted version of the iconic "What Color Is Your Parachute?" framework, making it more visual and easier to grasp for ADHD minds.
Ever felt like you're your own worst enemy when it comes to making positive choices? Discover the concept of the "safekeeping self" and learn how to break free from internal barriers that hold you back. Shell Mendelson and I have an engaging conversation about the pitfalls of impulsive decisions and the importance of financial planning. We discuss how acknowledging genuine personal interests can lead to long-term satisfaction, and why community support plays a crucial role in successful financial and career planning.
Navigating traditional work environments can be challenging for those with ADHD, but we’ve got you covered. We explore why self-accommodation plans are vital and how rigid corporate settings can stifle productivity. Highlighting real-life examples, we emphasize the importance of flexibility and understanding from employers. To cap it all off, we introduce Shell's book, "A Course for Adults and Teens: Unlock Your Career Path," as a must-have resource for gaining clarity and focus in your career journey. This episode is packed with actionable advice and inspiration tailored for anyone struggling with career and financial challenges while living with ADHD.
Struggling with money chaos and ADHD?
Start your money transformation with my ADHD Financial Kickstarter session. A one on one meeting where we'll dive into into your unique situation and build a personalized roadmap tailored to you.
No generic advice—just clear, actionable steps to transform your relationship with money. One premium session, one comprehensive plan, zero subscriptions. Book your call today!
shamelessmoney.com/adhd-financial-kickstart
Learn more about ADHD-friendly financial coaching
Follow me on YouTube
Subscribe to the newsletter
Balancing Financial Coaching with ADHD: Insights, Tools, and Personal Growth on the ADHD Money Talk Journey
ADHD Money Talk
03/06/24 • 17 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.
Struggling with money chaos and ADHD?
Start your money transformation with my ADHD Financial Kickstarter session. A one on one meeting where we'll dive into into your unique situation and build a personalized roadmap tailored to you.
No generic advice—just clear, actionable steps to transform your relationship with money. One premium session, one comprehensive plan, zero subscriptions. Book your call today!
shamelessmoney.com/adhd-financial-kickstart
Learn more about ADHD-friendly financial coaching
Follow me on YouTube
Subscribe to the newsletter
02/07/22 • 33 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.
Struggling with money chaos and ADHD?
Start your money transformation with my ADHD Financial Kickstarter session. A one on one meeting where we'll dive into into your unique situation and build a personalized roadmap tailored to you.
No generic advice—just clear, actionable steps to transform your relationship with money. One premium session, one comprehensive plan, zero subscriptions. Book your call today!
shamelessmoney.com/adhd-financial-kickstart
Learn more about ADHD-friendly financial coaching
Follow me on YouTube
Subscribe to the newsletter
How Working Memory Impacts Your Financial Habits
ADHD Money Talk
07/26/23 • 25 min
Have you ever imagined what it would be like to have a personal assistant that transcribes your thoughts, keeping track of the tiniest tasks that your memory can't hold onto? As someone living with ADHD, this isn't just a passing thought for me, but a constant reality. Join me as we navigate the intricate maze of ADHD, IQ, and working memory, and how this intertwining impacts my everyday life, from conversations and soccer practice to financial management.
The revelation of my IQ test results, a solid 109, puts my verbal comprehension and perceptual reasoning above average. But here's the catch – my working memory is in the 34th percentile. Poor working memory isn't just about forgetting where I put my keys, it's a daily battle that affects my conversations, my sports practice, and most critically, my financial habits. It's about struggling to remember crucial details, even my own phone number. But hey, we're not here to dwell on the struggle. Let's dive into how we can turn these challenges into our strength!
The moment you connect the dots between ADHD, poor working memory, and financial habits is the moment you start gaining control of your finances. Trust me, I've been there. We all know how one impulsive decision can lead to a cascade of unwarranted spending. Been there, done that. But with the help of financial tracking and building cognitive flexibility, I've been able to regain control. It's a journey, but it's doable. Let's embark on this together, learn from my strategies and experiences, and find out how to take control of our finances amidst our ADHD challenges.
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 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
Struggling with money chaos and ADHD?
Start your money transformation with my ADHD Financial Kickstarter session. A one on one meeting where we'll dive into into your unique situation and build a personalized roadmap tailored to you.
No generic advice—just clear, actionable steps to transform your relationship with money. One premium session, one comprehensive plan, zero subscriptions. Book your call today!
shamelessmoney.com/adhd-financial-kickstart
Learn more about ADHD-friendly financial coaching
Follow me on YouTube
Subscribe to the newsletter
08/15/22 • 31 min
Shell Mendelson has more than 30 years of experience in the field of Career Counseling, and has ADHD herself.
She knows it can be difficult to find a job you like, let alone a career you love.
In this interview, Shell shares ways to identify fulfilling work, why it’s important to have passion in what you do, and why she doesn’t recommend disclosing your ADHD when applying for a job.
Job Hopping and Finding Your Passion
“I learned that if I wasn't really happy in my day to day work, I wasn't gonna do that well on it” - Shell Mendelson
Shell tells us a story about when she strayed from her path and was fired from her job.
When we are dissatisfied and overwhelmed about our jobs, it leads to sadness and an extreme lack of satisfaction in life.
We find ourselves job hopping and losing confidence in our abilities.
When working with clients, Shell helps them create the equivalent of an accommodation plan, but more personal and designed for you as an individual.
Disclosing ADHD on a Job Application
When applying for a job, you wanna understand the working conditions that are needed for you need to thrive in.
There are not many companies that recognize ADHD, and you can get people questioning your performance.
If you know the kind of working conditions you thrive in, you can address that right from the outset.
Shell says you can just say, “I need to be and have these particular conditions that I thrive in. And when I am allowed to work within these conditions, you will have the very best employee you've ever seen.”
Make More Money
Knowing what you want puts you in a better position to make more money.
Our ADHD brains are interest based. If we are interested in what we're doing, if we have energy behind it, if we have a good feeling about what the growth potential in what we're doing, then we can be fulfilled and be creative in our work.
Shell teaches ADHDers to use the creativity that their brains love to use in order to learn, grow, and maybe make a shift now-and-then when the timing is right.
Stay ahead of the burnout we all feel so you can make some shifts in your career and keep it sustainable.
Considering the Cost of College
Shell tells the story of an 80 year old person who is still paying off their student loan debt.
People often don't look at what the starting wage is after they leave college.
Before making the decision on a certain college major, look at how much a certain career field is paying. Knowing this can help you make a better decision before spending thousands of dollars, or paying interest on student loan debt longer than you actually work in that career field.
About Shell Mendelson:
Shell offers more than 30 years of experience and education in the field of career counseling and coaching.and coaching. Shell helps others FOCUS on defining, illuminating, creating and transforming lack of clarity to a well-defined career direction and abundant livelihood.
Following her own dia
Struggling with money chaos and ADHD?
Start your money transformation with my ADHD Financial Kickstarter session. A one on one meeting where we'll dive into into your unique situation and build a personalized roadmap tailored to you.
No generic advice—just clear, actionable steps to transform your relationship with money. One premium session, one comprehensive plan, zero subscriptions. Book your call today!
shamelessmoney.com/adhd-financial-kickstart
Learn more about ADHD-friendly financial coaching
Follow me on YouTube
Subscribe to the newsletter
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FAQ
How many episodes does ADHD Money Talk have?
ADHD Money Talk currently has 76 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 23 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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