Your Bank Account Is Affecting Your Brain More Than You Realize - Part 2

04/22/25 • 42 min

The vicious cycle of financial struggles and mental health challenges affects millions of Americans, yet many suffer in silence due to shame, stigma, or simply not knowing where to turn. We're back with the second part of our deep dive into this critical but often overlooked connection.
When depression takes hold, even basic financial management feels impossible. Bills pile up unopened, bank accounts go unchecked, and the resulting financial chaos only deepens the psychological distress. For those with bipolar disorder, manic episodes can trigger devastating spending sprees, while anxiety disorders might lead to complete financial avoidance. The result? A downward spiral where money problems worsen mental health, and deteriorating mental health makes financial recovery seem increasingly impossible.
What makes this situation particularly challenging is that seeking professional help costs money – the very thing in short supply. This paradox leaves many feeling trapped with nowhere to turn. But there is hope, and it starts with small, practical steps anyone can implement regardless of their current financial situation.
We explore actionable strategies like tracking every penny spent, switching from cards to cash to make spending feel more tangible, implementing a 24-hour waiting period before purchases, and finding joy in free or low-cost activities. Perhaps most importantly, we discuss the power of compound interest working in both directions – how debt compounds destructively while savings and investments build wealth over time.
The road to recovery isn't quick, but with consistent effort and the right support, both financial stability and mental wellness are achievable goals. Whether you're currently struggling or supporting someone who is, this episode provides the practical framework for breaking the cycle and moving toward a healthier relationship with both money and mind.

FIND ME:
My Website: https://motorcityhypnotist.com/podcast
My social media links:
Facebook: https://www.facebook.com/motorcityhypnotist/
YouTube: https://www.youtube.com/channel/UCCjjLNcNvSYzfeX0uHqe3gA
Twitter: https://twitter.com/motorcityhypno
Instagram: motorcityhypno
FREE HYPNOSIS GUIDE
https://detroithypnotist.convertri.com/podcast-free-hypnosis-guide
Please also subscribe to the show and leave a review.
(Stay with me as later in the podcast, I’ll be giving away a free gift to all listeners!)
Change your thinking, change your life!
Laugh hard, run fast, be kind.
David R. Wright MA, LPC, CHT
The Motor City Hypnotist

Send us a text

Previous Episode

Your Bank Account Is Affecting Your Brain More Than You Realize - Part 1

Send us a text

Money troubles and mental health challenges form a devastating cycle that millions struggle to escape. When David and Matt dive into this critical relationship, they unpack eye-opening research showing that 46% of people with problem debt report mental health issues, while those with mental health problems are 3.5 times more likely to experience debt problems.
This episode explores the harsh reality that mental health challenges often make it harder to earn and manage money. The startling income gap becomes clear as we learn people with mental health issues earn approximately $2,376 less annually than those without such challenges, with fewer than half maintaining employment. Most troubling is the revelation that individuals struggling with debt are three times more likely to contemplate suicide than those without financial difficulties.
The conversation takes a thoughtful turn examining how government assistance programs, while necessary, often provide minimal support that barely addresses the underlying issues. Matt brings his 25 years of financial industry experience to the discussion, offering a nuanced perspective on how individual financial habits intersect with larger societal issues like income inequality. David highlights available community resources like Easter Seals and Community Care Services that provide mental health support for those with limited finances.
Whether you're personally struggling with financial stress affecting your mental health, supporting someone who is, or simply interested in understanding this crucial societal challenge, this episode delivers valuable insights into breaking the money-mental health cycle. Subscribe now and join us for part two where we'll share practical strategies for managing financial stress and improving mental wellbeing.

Next Episode

Fifty Shades of Communication: The Truth About Sex Therapy - Part 1

Send us a text

When certified sex therapist Terica Lewis sat down with us in the studio, we weren't sure what to expect. What followed was a refreshingly candid conversation that shatters misconceptions about what sex therapy actually involves. Contrary to media portrayals, it's not about teaching positions or techniques—it's about something far more fundamental to relationships.
"Two monologues don't make a dialogue," Terica explains, pinpointing the communication breakdown at the heart of most intimacy issues. The conversation explores how men and women approach relationships differently: women typically need emotional connection to feel desire, while men may prioritize physical aspects. When these different needs aren't understood, partners misinterpret each other's actions and intentions, creating a cycle of disconnection.
The discussion takes a particularly nuanced turn when addressing how aging affects intimacy. As couples enter their 40s, 50s, and beyond, physical changes naturally occur, but pride and embarrassment often prevent honest conversations. Men may struggle with erectile dysfunction but find it impossible to admit, while women experience their own physiological changes. Without communication, each partner creates their own narrative about why intimacy has decreased—usually blaming themselves or their partner incorrectly.
Terica offers practical insights for breaking these patterns, suggesting that couples shouldn't just discuss intimacy when there's a problem. Instead, partners should share thoughts during positive moments, even "debriefing" after intimate encounters to understand what worked and what could improve. This approach keeps communication flowing in a non-threatening context before small issues become insurmountable problems.
Join us for this eye-opening conversation that balances professional expertise with straightforward, common-sense guidance. Whether you're in a long-term relationship or just starting one, you'll gain valuable perspectives on improving both communication and intimacy. And don't miss our next episode as we continue the conversation with Terica about navigating differences in sexual adventurousness between partners!

Motor City Hypnotist - Your Bank Account Is Affecting Your Brain More Than You Realize - Part 2

Transcript

David Wright: 0:00

In this episode of the Motor City Hypnotist Podcast we're back with money and mental health part two. If you didn't listen to part one, you can jump back an episode or catch up after this one, so either way you get all the information you need. So we're talking about again the effects of money, challenges and how that affects your mental health, and I'm going to give you some specifics on this episode of kind of what you might want to start doing or co