Are people rational consumers?

Shame, guilt, and fear are the three strongest influences that stop people from talking about money. Listen to Kathleen’s interview with Crystal Arnold about the emotional side of money and learn some ways to get past the emotion and the influence of mainstream media to start money conversations with loved ones and become a more engaged, holistic consumer.

Key Take Aways:

• Increase your financial awareness. Ways to be a rational consumer include doing a budget, checking prices, and doing comparison shopping.
• Become self-aware. Looking beneath the rational mind and examining your learned money messages and what motivates you to spend or save can help you make more empowered financial decisions.
• Assess your values. Crystal identifies four areas of wealth – financial, inner wealth (gifts and skills), relational or relationship, and environmental (home and work). Assess your values and then take some of your financial resources and invest in all of your areas of wealth.

Crystal Arnold is the founder of Money-Morphosis and the Money-Wise Women podcast. After graduating from Southern Oregon University in 2007 with a degree in international economics, she has designed and facilitated workshops, community events, and discussion panels about money. She has inspired thousands of people to have a healthier relationship with money. Her written work has appeared in journals, magazines, and the book called Reinhabiting the Village. She is currently Director of Education at the Post Growth Institute, servers on the Economics Guild of the Villagelab, and is co-authoring a new book due out soon. Crystal lives in Oregon with her husband and two children.

Show Notes:

• Breaking Money Silence® listeners can sign up for her The Discover Your True Wealth 5-Day Challenge.
• For more details, visit www.discoveryourtruewealth.com.