Therapist Explains How Debt Affects your Mental Health

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  • čas přidán 10. 04. 2021
  • Money management using psychology.
    In January of 2020, meaning before the pandemic, CNBC published a study that reported that 41% of families in the US would go into a debt if they incurred a $1000 dollar emergency like a medical bill or auto repair.
    The same survey showed that the average cost of an unexpected emergency is $3,500 and roughly 28% of people experienced a financial emergency.
    Learn how money and debt affects your mental health in this episode of Not So Scary Sundays.

Komentáře • 48

  • @nunyobidniz
    @nunyobidniz Před 3 lety +13

    4:39 actual wisdom, thanks for posting this
    5:02 more wisdom
    5:15 this is great stuff

  • @niebieskimotyl3308
    @niebieskimotyl3308 Před rokem +60

    Most people are slaves. It takes only small mistake, if someone doesn't have support, to fall into debt. My son turned out to be autistic, he needed constant support, costly therapy, meanwhile, I couldn't work, marriage fell apart, my parents died and we're in debt, even though we had savings.

    • @Xaigo_
      @Xaigo_ Před 4 měsíci +3

      Life’s just unfair. We’re just all modern slaves in a modernised society

    • @ashleybcookin
      @ashleybcookin Před 2 měsíci

      This is so true. 1 mistake can really set you back. People don’t understand the power of having support either.

    • @ComradeRachel
      @ComradeRachel Před 2 měsíci

      Capitalism is just a flashy new version of feudalism.

  • @W1LS0N_D
    @W1LS0N_D Před 5 měsíci +11

    I don’t know who will read this, but I’ll get this off my chest for a bit. My Hispanic Dad is currently in $30k - $40k of credit card debt. He says nothing is working out for him, that he doesn’t know what has happened to him, that he doesn’t know how he got to this, that he doesn’t know what to do, and that he WILL disappear one day once and for all giving us a better life on the way (to which I ask: HOW?!) The relationship between my mother and him has clearly been destroyed even if they/he tries to hide it (I know why I say it and it’s not because of debt). Worst of all, his drinking has gotten SO MUCH WORSE claiming that it’s the only thing that “helps” him. I pray to God for the best for my Dad and my entire family; but if there is someone out there who can help us one way or another…..please.

    • @truthtelleranon
      @truthtelleranon Před 3 měsíci

      There’s a lot he can do! Has he received help yet?

    • @W1LS0N_D
      @W1LS0N_D Před 3 měsíci

      @@truthtelleranon Nop

    • @leratonimusic
      @leratonimusic Před měsícem

      sorry for your situation. Dave Ramsey has some great videos about debt that also touch on the fact that the root of getting into debt is of a spiritual nature. Fixing spiritual and emotional issues that drive us to overspend will help and heal us, I'm a 100% sure. Praying for you and your family.

  • @abovethemiddle8408
    @abovethemiddle8408 Před 3 lety +14

    Such an important video. I must admit money is a big stressor in my life but I am trying to get more comfortable with my current financial situation. Thanks for this.

  • @Sargeantize
    @Sargeantize Před 6 měsíci +5

    This doesn't do anything for people making 30 to 50k per year

  • @phoenixrising4031
    @phoenixrising4031 Před 8 měsíci +2

    I just found this channel 2 yrs after your initial posting. And economy is significantly worse. Not a millennial and still found this wisdom super helpful. Thank you for sharing! Keep up the great work. I'm not sure how I tripped on this channel but found it helpful enough on this video to subscribe!

  • @donterranove8723
    @donterranove8723 Před 2 lety +2

    Thanks -- used this in my econ class at a HS in Calif. Financial literacy unit. We had a terrific discussion too.

  • @darkflamethrower
    @darkflamethrower Před 2 lety +1

    Thank you for making, needed this

  • @TylerSinden
    @TylerSinden Před 3 lety +12

    Really good topic here! My one friend always stressed out because he "didn't have any money." He had no debt, but he had a lot of money in investments and savings, the issue was he had no cash and the amount of stress that caused him was wild.
    Also, journaling your spending is a great tactic. Lets you know exactly where you're spending your money and on what and helps you be more mindful of your purchases.

    • @reallifepsych3309
      @reallifepsych3309  Před 3 lety +5

      Right. Journaling also helps because putting yourself through the process of writing out questionable purchases will help you from making them in the future.

  • @moneyversefin
    @moneyversefin Před 2 lety +2

    Great stuff!! Took lots of notes 🗒
    Thank you!

  • @sarahdloveskittens
    @sarahdloveskittens Před 3 lety +7

    I love this so much Alexa! 💗 I really love the point about redefining happiness. I always try and be mindful before making an impulse purchase and decide if buying the item will truly make me happier and improve my life. There are so many temptations out there, but it's a great feeling when you can say no to junk and meet your savings goals! 😊

  • @PakhtunBae
    @PakhtunBae Před 4 měsíci +1

    This videos helped me alot thank you ❤

  • @nickyassimos7299
    @nickyassimos7299 Před 3 lety +5

    Great video! Keep up the great content!

  • @matthewscott9745
    @matthewscott9745 Před rokem +2

    I wish I had someone like you in my life

  • @leeboriack8054
    @leeboriack8054 Před 2 lety +5

    Great talk, well done!
    Millennials got a raw deal, raised in an affluent age, where growing up striving was erased. Add largest number of unprecedented of single parent homes. Plus the uncharted hazards of internet social media.

  • @lindiwegwebu4184
    @lindiwegwebu4184 Před 2 měsíci

    This is a good talk, very practicsl

  • @steveassimos5466
    @steveassimos5466 Před 3 lety +7

    sound advice for all age groups

  • @Evilmindy12
    @Evilmindy12 Před rokem +1

    Thank you 🥰

  • @hydralegend3520
    @hydralegend3520 Před 3 lety +3

    Great work nice video 😋

  • @jenferris6879
    @jenferris6879 Před 9 měsíci +4

    Every dime i get goes to bills ..so this was NOT helpful

  • @kingjoseph5901
    @kingjoseph5901 Před 10 dny

    Ive been close to calling it quits lately

  • @TePokuru
    @TePokuru Před 3 měsíci

    Thank you 😊

  • @Angeladada
    @Angeladada Před 3 lety +5

    Super interesting! Thanks for sharing 🥰 - Angeladada xx

  • @s.rahman7219
    @s.rahman7219 Před 3 lety +1

    good advice to all

  • @gabrielcuillier2936
    @gabrielcuillier2936 Před 3 lety +5

    Another great video. Thanks for sharing!!

  • @clothandleather2838
    @clothandleather2838 Před 10 měsíci +4

    And on that note. You owe me $120 now for our 1 hour session. Oh? You came to therapy because of depression due to financial instability? Sorry, i need to get the next years worth of battle passes. See you next week! 😃

  • @chandlersmith1215
    @chandlersmith1215 Před 2 měsíci

    Money kills I agree. 1 person can make 100000 in a day and another can never afford a home. Completely stupid idea.

  • @jtes5604
    @jtes5604 Před 3 měsíci

    No borrowing

  • @tayberfurbeck2336
    @tayberfurbeck2336 Před rokem +3

    People that commit suicide are 8 times more likely to get into debt? Does that mean they can apply for credit cards in hell? Just joking but I think you may have miscommunicated that statement haha.

  • @CutieMii
    @CutieMii Před 5 měsíci

    If you're dead , your debt owner wouldn't able to take back their money that you lended

  • @TshengisileNdlangamandla
    @TshengisileNdlangamandla Před 5 měsíci

    How do u save if you are left with nothing every month coz your are paying debts and expenses i think the only way is to get support other than that i don't see a way out except God's miracles.

  • @jtes5604
    @jtes5604 Před 27 dny

    socially ppor sin the repacked marked publish almight

  • @Bella-ke7pr
    @Bella-ke7pr Před 3 měsíci +1

    It's bad when you have a millionaire in the family that doesn't even offer to help with the financial situation.. She invited us to her house once during Christmas. That's about it