AOA 061: Navigating Your Emotional Journey with Money – With Veronica Dangerfield

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“Money is energy in motion. It’s an emotion.”

— Veronica Dangerfield

How can you and your kids overcome emotional ties to money to learn to use it as a tool?

Self-proclaimed “financial cheerleader” Veronica Dangerfield provides you with a pep talk on this episode of The Art of Allowance Podcast. In addition to being an international speaker, a published poet and a professional comedienne, Veronica is an award-winning Financial Educator for Patelco Credit Union. Most notably, she was honored with the 2017 Credit Union Rock Star Award and twice received the national Desjardins Award for her contributions to financial literacy.

A graduate of Sacramento State University, Veronica has also taught financial literacy for 18 years at the college level as well as at dozens of high schools and nonprofit organizations throughout California. And as a philanthropist, she has supported the Bay Area Crisis Nursery for six years as a producer of and performer in the annual Mother’s Day Comedy Show fundraiser.

Links (From the Show)

Show Notes (Find what’s most interesting to you!)

  • Veronica as a pastry [1:55]
  • Veronica’s most surprising financial truth [4:42]
  • Why you can’t make good financial decisions if you’re scared [5:50]
  • Veronica and I discuss the reality that humans deal with money more emotionally than rationally. [9:17]
  • Building good money habits is a long-term commitment. [11:19]
  • Veronica advocates for teens’ future selves. [13:44]
  • Veronica’s “Five S” method to building wealth [14:49]
  • The cooperative spirit: how credit unions are impacting their members’ financial lives for the better [15:51]
  • Veronica’s own big money-smart success and big money-smart challenge [20:39]
  • The value of modeling, instruction and experience [23:55]
  • What should parents know about financial education? [25:40]
  • The importance of foundational habits [26:57]
  • The media rich versus the real rich [29:58]
  • Control your mind to control your money: the importance of daily financial habits [30:30]
  • The most influential money figure in Veronica’s life [32:21]
  • Financial challenges as inconveniences, not traumas [33:44]
  • Investing in travel [34:19]
  • Veronica’s financial health message [35:11]
  • “You are not your net worth.” [36:24]
  • A familiar money-smart book recommendation (And no, Veronica wasn’t bribed!) [37:03]
  • How to get the Veronica Dangerfield experience online [38:05]

If you liked this episode …

Curious about the “toxic stress” that I mention during my conversation with Veronica? Child psychology researcher Chuck Kalish describes this concept and the dangers it poses to the young brain during his appearance on Art of Allowance Podcast. Tune in at 15:56 for his explanation and analysis.

Interested in how meaningful dinner table conversations and mantra mimicking can play key roles on your family’s money-smart journey? Check out my chat with father and financial advisor Tom Henske. You’ll want to listen in at 4:06 and 27:40 for all the details.

Want to dive deeper into the relationship among modeling, instruction, and experience? I discuss these three financial socialization systems in my short essay, “No Single Point of Failure.” Read it here, or listen to the audio recording.

Please Subscribe

If you like this podcast, then please give us a review and subscribe to the show. The Art of Allowance Podcast is available on iTunes, Spotify, Stitcher, Radio Public and now Amazon Music. Subscribing is free, and it will help me produce more enriching content for you to enjoy. Thanks!

You might also want to check out The Art of Allowance Project, our reimagined program to get your children excited about money smarts at any age. Until next time, I wish you and your family well as you journey forth.

Thanks for listening!

John