NGPF Podcast: Chantel Chapman on addressing financial trauma
- 0:00~1:35 Introduction
- 1:35~5:55 Career history as a mortgage broker
- 5:55~10:13 How growing up in poverty inspired her interest in financial education and understanding financial trauma
- 10:13~13:05 Challenges of being an entrepreneur
- 13:05~18:15 Example mindfulness exercise to alleviate financial anxiety
- 18:15~21:14 What is the “trauma of money”?
- 21:14~22:19 How did the Trauma of Money’s definition influence its framework/program?
- 22:19~23:13 What traumas impact one’s relationship with money?
- 23:13~25:42 Societal financial trauma
- 25:42~27:39 “Laws of Nature”: There are multiple worldviews of what wealth means
- 27:39~29:58 How does the trauma of money impact financial literacy?
- 29:58~35:58 Why is financial literacy the final layer in Trauma of Money’s framework?
- 35:58~39:24 Phase one of Trauma of Money’s framework
- 39:24~41:47 Mindfulness impacting Trauma of Money’s framework
- 41:47~43:00 Animals helping regulate the nervous system
- 43:00~45:48 “State of scarcity” and how it impacts financial decisions
- 45:48~50:00 Shame, how it affects financial decisions, and how the framework address this
- 50:00~51:57 Conclusion
“We asked this question: like what actually impacts our relationship with money? And this is the model that we teach from. So in our program… we go through these different layers. The first one is generational or intergenerational trauma…The next is relational trauma. So this is trauma that happens in relation to you and someone else within your lifetime. The third layer is societal trauma, and this is a huge one, and this trauma is a result of the dominant culture that we live in.”
Interested in the psychology of money decisions. Here's another podcast you might enjoy with Daniel Crosby.