Highlights of This Episode:
- Why Joan’s ostensibly successful business went under
- What’s behind many people’s financial problems
- Why business and marketing are really about connection
- Why it’s harder than ever to save money and to spend wisely
- Why smart people make “really stupid” decisions
- Why our relationship with money ends up being the dumping ground for unexpressed feelings
- Why it’s sometimes easier to manage debt than to manage savings
“Whatever you’re feeling about money has nothing to do with money.” –Joan Sotkin (Click to share – thanks!)
About Joan Sotkin:
Joan Sotkin is an author, coach, and businesswoman who has helped thousands of people understand why they do what they do with their money and how to alter their financial behaviors.
In the 1980s, Joan thought she was on the way to financial security as she rapidly built a wholesale, retail, and mail order business to the point where she was grossing over $30,000 a month. Her lack of business and financial skills led to her downfall—and bankruptcy.
This experience led Joan onto the path of learning everything she could about business and financial management. While attending 12-step programs, including Debtors Anonymous and Co-Dependents Anonymous, she began to understand the connection between emotions and the life stories we create for ourselves, including stories about our finances. Years of working to release her own repressed emotions helped deepen her understanding of how we act out family-of-origin issues through our businesses and finances.
Joan went on to start the popular website ProsperityPlace.com, and her book Build Your Money Muscles: Nine Simple Exercises for Improving Your Relationship with Money won two national awards.
Links and Resources Mentioned in This Episode:
- Build Your Money Muscles: Nine Simple Exercises for Improving Your Relationship with Money
- Santa Monica Civic Auditorium
- Wendy McClelland’s episode
- The Millionaire Next Door
- The Secret
- Uncertainty, Jonathan Fields
- Debtors Anonymous
- Co-Dependents Anonymous
Thanks for Listening!
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