50. I've inherited some money, and I feel ____________
10/23/22 • 32 min
Guilty? Fear? Shame? Nervous? Reckless?
These are just some of the feelings that can come up for us when we've inherited money.
Inheriting money can bring about some strong emotional reactions and challenges. It can feel very lonely if you are in this situation, and it’s not something that is easy to talk about.
It’s not unusual to feel that you are the “custodian” of inherited money, especially if children are involved. This can lead to putting yourself under all kinds of pressure, and even cause anxiety and fear.
Guilt is another common emotion we see come up with inherited money. Sometimes we want to ignore the money, or hope it goes away. Because fundamentally we would rather have the person we lost back than the money. Shame is another emotion that can come up. Strong stuff!
We also talk about how the person died can influence how we think and feel. How we react to the loss of someone after a long illness and can be very different to a sudden death, such as suicide.
We are going to share some stories that we’ve experienced personally and professionally.
We hope that this episode can help you think and feel differently and any money you have inherited.
If this episode strikes a chord with you, please remember that we are financial coaches as well as financial advisers, and this is actually an area we are experienced at helping people with. So do get in touch if you would like some support.
YOUR HOSTS:
Julie Flynn is an experienced independent financial adviser and financial coach. Justice and equality drive Julie. Which is why she’s spent years studying and researching how stress affects our financial decision making.
She uses her years of experience and research to support women experiencing or planning significant change in their lives.
Julie is best known for her work with women who have lost their partner and coaching financial services business who want to implement fair and transparent charges.
Ebb & Flow Financial Coaching | Bree Wealth & Tax | Instagram
Michelle Lambell started her career in financial services as a Stockbroker in 1999 undertaking both advisory and discretionary investment management. Following a career break where she spent time being a mum and running an arts and crafts business, Michelle returned to financial services in 2013 undertaking further study.
Today she is a Chartered Financial Planner, specialising in retirement planning advice, pensions and investments and a Certified Financial Coach. Michelle has a passion for providing financial advice, guidance and education to everyone, regardless of their gender, age or current circumstances.
Website | Instagram
Cafe Expert:
Emily Pool is a Financial Planner and Will Writer and Founder of Happy Planet Financial Planning and is passionate about empowering people to invest their wealth (pensions and savings) sustainably and in line with their personal values.
✅ And if you enjoyed the show, please leave us a review.
We genuinely love hearing your questions and feedback.
So, email us a voice note [email protected] or via instagram with your thoughts and suggestions.
Guilty? Fear? Shame? Nervous? Reckless?
These are just some of the feelings that can come up for us when we've inherited money.
Inheriting money can bring about some strong emotional reactions and challenges. It can feel very lonely if you are in this situation, and it’s not something that is easy to talk about.
It’s not unusual to feel that you are the “custodian” of inherited money, especially if children are involved. This can lead to putting yourself under all kinds of pressure, and even cause anxiety and fear.
Guilt is another common emotion we see come up with inherited money. Sometimes we want to ignore the money, or hope it goes away. Because fundamentally we would rather have the person we lost back than the money. Shame is another emotion that can come up. Strong stuff!
We also talk about how the person died can influence how we think and feel. How we react to the loss of someone after a long illness and can be very different to a sudden death, such as suicide.
We are going to share some stories that we’ve experienced personally and professionally.
We hope that this episode can help you think and feel differently and any money you have inherited.
If this episode strikes a chord with you, please remember that we are financial coaches as well as financial advisers, and this is actually an area we are experienced at helping people with. So do get in touch if you would like some support.
YOUR HOSTS:
Julie Flynn is an experienced independent financial adviser and financial coach. Justice and equality drive Julie. Which is why she’s spent years studying and researching how stress affects our financial decision making.
She uses her years of experience and research to support women experiencing or planning significant change in their lives.
Julie is best known for her work with women who have lost their partner and coaching financial services business who want to implement fair and transparent charges.
Ebb & Flow Financial Coaching | Bree Wealth & Tax | Instagram
Michelle Lambell started her career in financial services as a Stockbroker in 1999 undertaking both advisory and discretionary investment management. Following a career break where she spent time being a mum and running an arts and crafts business, Michelle returned to financial services in 2013 undertaking further study.
Today she is a Chartered Financial Planner, specialising in retirement planning advice, pensions and investments and a Certified Financial Coach. Michelle has a passion for providing financial advice, guidance and education to everyone, regardless of their gender, age or current circumstances.
Website | Instagram
Cafe Expert:
Emily Pool is a Financial Planner and Will Writer and Founder of Happy Planet Financial Planning and is passionate about empowering people to invest their wealth (pensions and savings) sustainably and in line with their personal values.
✅ And if you enjoyed the show, please leave us a review.
We genuinely love hearing your questions and feedback.
So, email us a voice note [email protected] or via instagram with your thoughts and suggestions.
Previous Episode
49. Will I lose all my money? Scary Markets.
We recently covered stupid investment headlines in episode 46 Since then, there have been plenty of scary investment headlines.
It’s perfectly natural to find this at the least unsettling. To bring some reassurance and understanding, in this episode we are going to answer the most common questions we have been hearing from investors.
- Will my investment go to zero?
- How much further can it fall?
- What do you think about the markets?
- I can't afford for it to drop further, should I pull out?
We understand that this can be a difficult time for investors. If you have concerns or worries about your money, before you make any big decisions, reach out to a financial adviser. We’re here to help and this is what we’ve trained to do, navigate tough times and support people to make good decisions.
YOUR HOSTS:
Julie Flynn is an experienced independent financial adviser and financial coach. Justice and equality drive Julie. Which is why she’s spent years studying and researching how stress affects our financial decision making.
She uses her years of experience and research to support women experiencing or planning significant change in their lives.
Julie is best known for her work with women who have lost their partner and coaching financial services business who want to implement fair and transparent charges.
Ebb & Flow Financial Coaching | Bree Wealth & Tax | Instagram
Sara Walker
Sara is a financial planner and financial coach with 33 years’ experience in financial services. She wants all women to feel financially confident and uses her professional and life experiences to support and educate women over 40 so they in turn feel able to support and be role models for the younger women in their lives. As a woman who herself continues to juggle work, family and hormones, she believes its never too late and every woman deserves the opportunity to flourish
sarafranceswalker
✅ And if you enjoyed the show, please leave us a review.
We genuinely love hearing your questions and feedback.
So, email us a voice note [email protected] or via instagram with your thoughts and suggestions.
Next Episode
51. The secrets of financial coaching - we are spilling the beans!
In this episode Michelle and Julie were originally going to discuss if you can change your money story. But according to Instagram, you all believe you can. Not one person thought it was impossible.
So rather than debating if, we are going to share how you do it. We are going to walk you through our coaching framework we use with clients to help them change their money mindset and unclear those blocks.
Grab a pen and paper and make a note of the prompts and you can try this at home:
- Awareness of a money belief
- Benefits
- Challenges
- Re-write the script
- Practical
- Purpose
You can download our handy journaling questions for working through the 6 steps here.
Our Favourite App this week is Lumio go check it out for a nice clean UI and way of keeping on top of your money.
If you enjoyed this episode, please leave us a review. It helps us reach other women just like you.
Resources:
James Clear Atomic Habits book
Morgan Housel The Psychology of Money book
Julia Cameron The Artist's Way
YOUR HOSTS:
Julie Flynn is an experienced independent financial adviser and financial coach. Justice and equality drive Julie. Which is why she’s spent years studying and researching how stress affects our financial decision making.
She uses her years of experience and research to support women experiencing or planning significant change in their lives.
Julie is best known for her work with women who have lost their partner and coaching financial services business who want to implement fair and transparent charges.
Ebb & Flow Financial Coaching | Bree Wealth & Tax | Instagram
Michelle Lambell started her career in financial services as a Stockbroker in 1999 undertaking both advisory and discretionary investment management. Following a career break where she spent time being a mum and running an arts and crafts business, Michelle returned to financial services in 2013 undertaking further study.
Today she is a Chartered Financial Planner, specialising in retirement planning advice, pensions and investments and a Certified Financial Coach. Michelle has a passion for providing financial advice, guidance and education to everyone, regardless of their gender, age or current circumstances.
Website | Instagram
✅ And if you enjoyed the show, please leave us a review.
We genuinely love hearing your questions and feedback.
So, email us a voice note [email protected] or via instagram with your thoughts and suggestions.
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