Search a title or topic

Over 20 million podcasts, powered by 

Player FM logo
Artwork

Content provided by Ed Coambs - Therapy-Informed Financial Planning™. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Ed Coambs - Therapy-Informed Financial Planning™ or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.
Player FM - Podcast App
Go offline with the Player FM app!

Understanding the Emotional Cost of Wealth and Its Impact on Happiness with Derek Hagan

44:19
 
Share
 

Manage episode 469539955 series 3379125
Content provided by Ed Coambs - Therapy-Informed Financial Planning™. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Ed Coambs - Therapy-Informed Financial Planning™ or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

In this episode of the Healthy Love and Money Podcast, I’m honored to welcome back Derek Hagan, financial psychology expert and founder of Meaningful Money. We explore the deep emotional ties we have to money, the way wealth impacts identity, and the myths we carry about financial success. Derek shares his insights on why many people believe money will solve their problems, how financial decisions are influenced by subconscious beliefs, and why changing our money mindset is often harder than we expect.

Quotes:

“The best my life will ever be has already happened.” – Derek Hagan on a client’s struggle with financial loss and identity.

“We are always signaling something with money, whether we realize it or not.” – Derek Hagan

Key Moments:

⏳ [1:00] Derek’s realization about brain surgery and how it relates to financial psychology

⏳ [3:45] The myth of the “quick fix” in money therapy and why real change takes time

⏳ [7:30] The power of storytelling and the beliefs we carry about wealth

⏳ [12:00] A real-life client case study on spending, identity, and financial grief

⏳ [18:40] How our financial behaviors are often shaped by childhood experiences

⏳ [25:15] Why wealth doesn’t guarantee happiness and the emotional impact of sudden wealth

⏳ [32:10] The hidden ways we “signal” financial success and why it matters

⏳ [40:20] How financial stress distorts our perception of other people’s money situations

⏳ [47:05] Finding a healthy balance between external validation and intrinsic self-worth

Resources & Links:

🔗 Connect with Derek Hagan:


📖 Recommended Books & Resources:

  • The Psychology of Money by Morgan Housel
  • Hardwiring Happiness by Rick Hanson
  • Strangers in Paradise by James Grubman

💡 Connect with Ed Coambs:


Subscribe & Share

If you enjoyed this episode, don’t forget to subscribe and leave a review! Your support helps us continue bringing thoughtful conversations on financial and relational well-being. Share this episode with a friend, family member, or partner to spark meaningful money conversations.

Podcast Disclaimer

This podcast is for educational and informational purposes only and reflects my experiences as a financial therapist and Certified Financial Planner™. It is not a substitute for professional financial, legal, or mental health advice. Every person’s situation is unique, and I encourage seeking personalized guidance from a qualified professional.

Thank you for listening—remember, healthy love and money go hand in hand!

  continue reading

143 episodes

Artwork
iconShare
 
Manage episode 469539955 series 3379125
Content provided by Ed Coambs - Therapy-Informed Financial Planning™. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Ed Coambs - Therapy-Informed Financial Planning™ or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

In this episode of the Healthy Love and Money Podcast, I’m honored to welcome back Derek Hagan, financial psychology expert and founder of Meaningful Money. We explore the deep emotional ties we have to money, the way wealth impacts identity, and the myths we carry about financial success. Derek shares his insights on why many people believe money will solve their problems, how financial decisions are influenced by subconscious beliefs, and why changing our money mindset is often harder than we expect.

Quotes:

“The best my life will ever be has already happened.” – Derek Hagan on a client’s struggle with financial loss and identity.

“We are always signaling something with money, whether we realize it or not.” – Derek Hagan

Key Moments:

⏳ [1:00] Derek’s realization about brain surgery and how it relates to financial psychology

⏳ [3:45] The myth of the “quick fix” in money therapy and why real change takes time

⏳ [7:30] The power of storytelling and the beliefs we carry about wealth

⏳ [12:00] A real-life client case study on spending, identity, and financial grief

⏳ [18:40] How our financial behaviors are often shaped by childhood experiences

⏳ [25:15] Why wealth doesn’t guarantee happiness and the emotional impact of sudden wealth

⏳ [32:10] The hidden ways we “signal” financial success and why it matters

⏳ [40:20] How financial stress distorts our perception of other people’s money situations

⏳ [47:05] Finding a healthy balance between external validation and intrinsic self-worth

Resources & Links:

🔗 Connect with Derek Hagan:


📖 Recommended Books & Resources:

  • The Psychology of Money by Morgan Housel
  • Hardwiring Happiness by Rick Hanson
  • Strangers in Paradise by James Grubman

💡 Connect with Ed Coambs:


Subscribe & Share

If you enjoyed this episode, don’t forget to subscribe and leave a review! Your support helps us continue bringing thoughtful conversations on financial and relational well-being. Share this episode with a friend, family member, or partner to spark meaningful money conversations.

Podcast Disclaimer

This podcast is for educational and informational purposes only and reflects my experiences as a financial therapist and Certified Financial Planner™. It is not a substitute for professional financial, legal, or mental health advice. Every person’s situation is unique, and I encourage seeking personalized guidance from a qualified professional.

Thank you for listening—remember, healthy love and money go hand in hand!

  continue reading

143 episodes

All episodes

×
 
Loading …

Welcome to Player FM!

Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.

 

Copyright 2025 | Privacy Policy | Terms of Service | | Copyright
Listen to this show while you explore
Play