Episode 24: Understanding Financial Trauma with Rahkim Sabree, Financial Therapist

Summary

In this conversation, Chrissy and Jess talk with Rahkim Sabree about the lack of financial education in low-income communities and the impact of the wage gap. They discuss the need for financial counseling and therapy, as well as the connection between grief and spending habits. They also touch on rebuilding a positive relationship with money after experiencing financial trauma. Rahkim shares his book, 'Financially Irresponsible,' and offers valuable financial wisdom to the audience.

Keywords

financial education, low-income communities, wage gap, financial counseling, financial therapy, grief, spending habits, financial trauma, rebuilding, positive relationship with money, book, financial wisdom

Takeaways

• Financial education is often lacking in low-income communities, leading to a lack of knowledge about investing, retirement savings, and financial planning.
• The wage gap and stagnant minimum wage contribute to the financial struggles faced by many individuals and families.
• Financial counseling and therapy can be beneficial in addressing and overcoming financial challenges.
• There is a connection between grief and spending habits, highlighting the emotional aspect of financial decisions.
• Rebuilding a positive relationship with money after experiencing financial trauma is possible with time, support, and self-reflection.
• Rahkim Sabree's book, 'Financially Irresponsible,' shares personal experiences and perspectives on financial development.
• The single most important piece of financial wisdom shared by Rahkim is to invest in yourself and your financial education.

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