It's no secret that losing money causes trauma. The Silicon Valley Bank failure surely did some damage to many investors portfolios and likely left a significant mark on the psyche, ego and confidence of many. So what was it that happened? What is a run on the bank? How could something like this have happened in todays rapid communications world? Even more so, how could it have happened so quickly? Matthew and Jim give a layman's explanation of the collapse and take the outcome of SVB and other bank's failures back to the personal level and how that scenario may impact or affect many of us as a potentially traumatic event. Are there ways to address it? You'll be surprised at some of the solutions and suggestions.
For more information about Financial Sobriety visit www.yourfinanacialsobriety.com
Mar 28, 2023
54 min
In the last episode the stage was set for dealing with the effects of the Covid Hangover. In this episode, Dr. Joyce Mikal-Flynn walks us through the power of her program, Metahab, to learn how to heal from the effects of Covid. This is a practical discussion that addresses how we ourselves can learn to heal from trauma and even takes a look back to us as children and how we were "taught" to learn ourselves. Looking ahead, there's even a conversation about today's child rearing and how one might best consider certain circumstances for a better outcome in helping today's children deal with adversity and trauma.
For more information on Dr. Joyce Mikal-Flynn's program, visit www.metahab.com
For more information on Financial Sobriety and to find the link to her event taking place at Sacramento State University, you can visit www.yourfinancialsobriety.com
Mar 7, 2023
35 min
Let's face it. Even though the market had a good year in 2022, 2023 has been no picnic. Part of the issue, at least in the opinion of your hosts, Matthew Grishman and Jim Gebhardt, we're now experiencing the Covid hangover. Experiencing trauma is one thing, working through it is another and few would argue, the entire Covid era wreaked havoc on everything. Just because we had a good year for the stock market doesn't mean we're all good. Possibly even the opposite, we're not good at all. (Remember our episodes on masking up and wearing the armor to face the day...) So Dr. Joyce Mikal-Flynn has been invited back to help address the process of getting from traumatic to Post Traumatic Growth in the face of the Covid hangover. You'll recall her program from Episodes 68 and 69 where she introduced Metahabilitation, or Metahab, to the Financial Sobriety tribe. In this episode, you'll hear the discussion of the hangover's effects on us as well as a ramp up to ways to minimize the long haul challenges this could produce on our thought process and ultimately, our actions.
For more information on Dr. Joyce Mikal-Flynn, visit www. metahab.com
To learn more about Financial Sobriety, visit www.yourfinancialsobriety.com
Feb 21, 2023
56 min
Ready for 2023? Want to get yourself started in the right direction? Then you've come to the right place. Your hosts, Matthew Grishman and Jim Gebhardt, complete the prior episode's discussion on bias but take it to a practical application to address its influence on risk. And risk at the wrong time could be devastating. Learn how best to be aware of how bias enters into your risk approach and let that awareness help you better decide on ways to be more intentional with your money. AND... don't forget you can now get your own risk assessment when you visit the website and click on the "DOES MY PORTFOLIO FIT ME?" label.
You can find out more information and gather resources by visiting the website, www.yourfinancialsobriety.com.
Feb 9, 2023
30 min
You're not biased on how you spend your money are you? Yes. You most certainly are and in the next two episodes you're going to get a very specific and detailed outline of exactly what those biases look like and how they affect what you buy, what you invest in and how you look at what you do with your money. This is an oh so enlightening next two episodes you may even want to take some notes be certain to share with family and friends. Yeah, you're biased. You'll understand and learn how to deal with those biases as your hosts, Matthew Grishman and Jim Gebhardt walk you through then help you address, the biases in your financial well being.
For more information about Financial Sobriety, please visit www.yourfinancialsobriety.com
Jan 24, 2023
53 min
Welcome to 2023! While Jim and Matthew are hard at work building out the new year of episodes and content for the program, we thought it would be fun to assemble episodes from the last three January's into one great collection of content. From the second show of Financial Sobriety to last January, if you're a subscriber, you're going to appreciate the refresher. If you're new to the program, wow, you're going to get a blast from a firehose of what the program is all about. What's even more interesting is how each year, while addressing the January financial elements we all face, stacks on top of each year and comes to the same conclusion three years later as it did in the first year of production. I hope you enjoy listening as much as we did assembling.
For more information about Financial Sobriety, visit www.yourfinancialsobriety.com.
Jan 10, 2023
38 min
Did you miss any of the "inflation" episodes in the latter part of the year? Did you want to share with somebody that you thought might benefit but just didn't have the time to load up and share 4 episodes? Did you just lose a little bit in the translation of so much information over the 4 episodes? Guess what? This is your episode then! This is a compilation, a distillation if you will, of those episodes without all the anecdotal storytelling and just the meat of the conversations. Inflation information in a tutorial setting as only Matthew and Jim can present it. As you prep for the new year ahead, brace for continued inflation and the possibility of a recession, remember the basic tenets of Financial Sobriety and know that you can be in control if you do so. Here's to a happy, healthy and prosperous new year full of Financial Sobriety for you and your family.
For more information on Financial Sobriety, to buy the book or communicate with Matthew or Jim, visit www.yourfinancialsobriety.com
Dec 27, 2022
1 hr 3 min
As a listener to the program you've heard your hosts Jim Gebhardt and Matthew Grishman stress the virtues of slowing down to go faster, the 10-10-10 rule, say "no" more. Well now, you're going to hear turn around and look behind to help you look ahead or go back to go forward. In this episode, a 3 year 3 season and 87 episodes later review is assembled into a neat little package. Impressive, yes, but more importantly impactful. If you've missed episodes or multi-episode themes, you're going to love this conversation. And of course, it's peppered with the wit and wisdom that could only come from your hosts, Jim and Matthew. And be sure to take them up on the request to give them some direction on topics of importance to you. Serving your needs is of utmost importance. You can share your thoughts by visiting the website www.yourfinancialsobriety.com. You're appreciated for your support.
Dec 14, 2022
39 min
We all carry bias in our lives but did you know you have financial biases too? Probably more than you thought. As Matthew works toward earning his Certified Financial Planner certification, he was exposed to the myriad of biases people can have with regard to their finances. Some obvious, others not so much. Confirmation Bias, Endowment Bias, Self Control Bias; Hear the perspective from your hosts Jim Gebhardt and Matthew Grishman as they discuss the "why's" of a Certified Financial Planner and the influence financial bias has on so many investment, saving and spending characteristics. You'll be surprised.
For more information about Financial Sobriety, visit www.yourfinancialsobriety.com
Dec 13, 2022
24 min
The Thanksgiving holiday is over. Most of us celebrated with family and friends and had a day full of gratitude. But why let it end with just one big day a year? What if gratitude happened every day? Multiple times a day? What could that look like? How could that benefit everyone? How would it make you feel? Your hosts, Jim Gebhardt and Matthew Grishman explain their take on gratitude in a very simple episode with a huge takeaway.
For more information about Financial Sobriety visit www.yourfinancialsobriety.com
Nov 29, 2022
36 min
Load more