Understanding Money Avoidance and Its Impact on Business Leadership

In this episode, Dr. Shay Harris-Pierre speaks with Nathan Astle, a financial therapist and business owner, about his money story and how discomfort in dealing with money affects his business leadership. They discuss Nathan's upbringing, his parents' conflicts around money, and how it led to his money avoidance. Nathan shares his journey of healing and how he found his passion for financial therapy. In the second part of the episode, Dr. Shay speaks with Khara Croswaite Brindle, a financial therapist and serial entrepreneur, about money avoidance and perfectionism in business ownership. They discuss the emotional charge behind money avoidance and the impact it has on business decisions. Khara emphasizes the importance of normalizing imperfection and vulnerability in entrepreneurship. Overall, the episode highlights the need for intentional exploration of our money stories, seeking help, and creating cultures of openness around money.

Takeaways

• Money avoidance is a common behavior that stems from discomfort, dread, anxiety, shame, and guilt around money. It often leads to behaviors such as avoiding checking bank accounts, not opening bills, and not talking about money.
• Money avoidance can be influenced by negative self-talk and inherited money beliefs from family, friends, and society. Challenging these beliefs and embracing vulnerability can help in overcoming money avoidance.
• Perfectionism is a common trait among entrepreneurs and business owners. While it can be a superpower, it can also lead to fear of failure, imposter syndrome, and workaholism. Normalizing imperfection and seeking support can help in harnessing perfectionism.
• Creating safe spaces to learn and grow, such as consultation groups, therapy, and business classes, can help business owners overcome money avoidance and gain a better understanding of their business finances.
• Embracing vulnerability and normalizing imperfection can lead to personal and professional growth, allowing entrepreneurs to thrive and build something beautiful.

Resources:

Perfectioneur from Workaholic to Well-Balanced (Khara's Book): https://a.co/d/i38lofd

Perfectionist's Guide to Losing Control: https://a.co/d/cINkFN7

Keep in Touch with Khara:

Financial Therapy Webpage: https://croswaitecounselingpllc.com/financial-therapy

Socials:
@kharacroswaite on IG

Linkedin: https://www.linkedin.com/in/kharacroswaite/