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Ep 236: This Money Manager's Unique Edge- Financial Therapy

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About Ep 236: This Money Manager's Unique Edge- Financial Therapy

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What If Your Financial Advisor Helped You With More Than Your Investments? Most of us think of financial advisors as people who help us invest, plan for retirement, and grow our wealth. But what if some of the most important financial work has less to do with choosing investments? In this episode of Money and You, Michelle talks with Jonathan Steele, founder and Chief Investment Officer of One Wealth Advisors, about a subject they both believe is fundamental to financial well-being: your relationship with money. Jonathan brings more than 25 years of financial-industry experience to the conversation, but his approach goes far beyond investment management. He believes financial professionals can help clients understand the emotions, beliefs, family dynamics, and behaviors that influence the way they use money. Michelle and Jonathan explore where our money behaviors come from, why financial knowledge alone isn't enough to create good financial outcomes, and how money patterns can travel through families and generations. They also discuss why getting the financial basics right matters, how couples can create healthier conversations around money, the growing risks of online gambling, and why a trusted financial professional can become an invaluable resource during life's biggest transitions. In This Episode, You'll Learn * 3:20 — From professional cook to financial advisor: Jonathan's unconventional career path and the surprising transferable skills that helped him build a career in finance * 8:56 — Serving the "working wealthy": Why Jonathan and his brother built their practice around people navigating new wealth, liquidity events, and changing financial circumstances * 10:36 — What Jonathan means by "financial therapy": Why understanding your emotions and history with money can be just as important as knowing what to do with it * 13:47 — The financial scaffolding everyone needs: Why simple principles like managing debt and balancing spending, saving, and sharing can create a stronger financial foundation * 16:22 — How parents can help adult children with money: Why creating an open space for conversation may be more effective than trying to dictate financial decisions * 19:48 — How money patterns travel through generations: What Jonathan notices when he works with grandparents, parents, and adult children within the same family * 23:46 — Repairing difficult money relationships: How a trusted third party can sometimes help families unwind years of financial tension * 26:19 — Social media, spending, and financial temptation: Why knowing yourself matters when you're constantly being encouraged to want, buy, and invest in something new * 31:49 — Signs your relationship with money may need attention: Fear of investing, holding excessive cash, overspending, and complicated debt can all reveal something deeper * 32:49 — When one partner handles all the money: How financial disengagement and even financial infidelity can develop—and why bringing both partners back into the conversation matters * 35:00 — Why financial change often needs to happen gradually: Helping people discover their own blind spots can work better than simply telling them what they're doing wrong * 42:32 — A broader vision of financial advice: Why investment management, taxes, estate planning, insurance, education planning, and financial behavior shouldn't always operate in separate silos * 49:05 — Lean on people and resources you trust: Why technology can help, but strong human relationships remain incredibly valuable when you're navigating financial challenges * 50:55 — Is it ever too late to change your financial life? Jonathan's answer: no. Even when a financial situation feels overwhelming, seeking good advice can reveal options you didn't know you had. For more tools and conversations about money mindset, practical financial tips, confidence, and financial empowerment
 Subscribe to the “Money & You With Michelle Perkins” Podcast:  https://podcasts.apple.com/us/podcast/money-you-with-michelle-perkins/id1365907575 Please rate, review, and share the show with friends and family who want to feel more confident and in control of their financial lives — it really helps us! Join the Limit Free Life¼ Community & Newsletter:https://limitfreelife.com/newsletter/ https://substack.com/@livealimitfreelife Learn more about Michelle Perkins & Limit Free Life¼:https://limitfreelife.com Have a money or career question? Book a free virtual coffee chat with Michelle:https://limitfreelife.com/booking/?utm_source=chatgpt.com Instagram:@livealimitfreelife

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