Overwhelm is more than a feeling; it is a hidden financial variable that makes sound long-term decision-making biologically impossible. We explore the reality of overwhelm and how reactive spending and convenience taxes can cost us. We discuss tactical ways to downshift your nervous system, fight overwhelm, and regain control of your money and financial decisions.
Erica joins this week’s podcast as we talk about:
– The high cost of a “red-lined” brain
– Research and statistics that support the theory that overwhelm costs you money
– A caution against the busy poverty trap
– Differentiating between buying back your time vs. reactive convenience
– Using the “One In, One Out” rule to protect your mental and physical bandwidth
– The power of putting space between an impulse and an action
– The physiological sigh and other nervous system resets to help you exit the overwhelm loop.
Show References:
- Book: The Psychology of Money
- Inside Out Money podcast #08 -. Trick yourself into spending less money
- Inside Out Money episode #120 – The humility hack – how less ego can lead to more money
- Inside Out Money podcast #069 – Avoid these money mishaps and win long-term