Understanding Trauma as a Key to Your Financial Behavior with Diana Chambers

Diana Chambers is a highly respected Family Wealth Mentor and Philanthropic Advisor who established her business in the US in 2002 and subsequently in Switzerland, where she now resides. She brings to her work her experience as a third-generation member of a UK business family to which she has added corporate strategic planning and charitable leadership roles. She's also the author of "True Wealth: Letters on Money, Life, and Love" as well as her latest piece "Money Wisdom Unlocked: Understanding Trauma as a Key to Your Financial Behavior".Key Highlights:[00:01 - 06:47] Opening SegmentWelcoming Diana to the showDiana talks about understanding trauma as the key to financial behaviorOur body’s reaction to trauma is the survival instinct[05:57 - 15:13] Why You Behave The Way You DoThe three primary sources of trauma: Ancestral trauma - passed down from multi-generationsCollective trauma - happens when a group of people experiences the same traumatic eventIndividual trauma - when something happens to one of usThe building block of a thriving family is building relational healthMoney represents different things for different peopleA bad relationship with money could be a trauma responseHere are concrete steps we can all take to have a healthy relationship with money:No one is exempted from having had some form of traumatic experience whether Big T Traumas or Small T TraumasIt is essential for an individual to examine himself about what has shaped him and who he truly isDetermine  your motivation whether intrinsic or extrinsicWe are responsible for our own well-being and for bringing that to the family [15:14 - 28:32]  Prejudices And MisconceptionsBeing an inheritor of wealth goes beyond just having more moneyAs an inheritor, it is still possible to separate our identity from the wealthMasculine traits have been embedded into the wealth management business that some women are finding it difficult to succeed in this spaceHelping women be confident about themselves knowing that they have a big contribution to make means asking the system that she’s within to be more open to women’s voice[28:33 - 36:36] Being Comfortable in Your Own SkinTransition points in an ongoing wealth situation need legal guidance from very early on in the processIt's the lack of financial EQ and not the lack of financial IQ that is most likely to blow a situation up  Happiness and wealth could coexistHappy inheritors have a healthy relationship with money[36:37 - 31:24] Closing SegmentDiana’s meditation practice and going on annual silent retreat help her maintain peaceConnect with Diana on the links belowConnect with Diana Chamers via email at ​​[email protected] and visit her website https://dianachambers.com to get a copy of her free PDF essay, Money Wisdom Unlocked: Understanding trauma as a key to your financial behaviorKey Quote:“I think that if something is not going great in terms of our relationship with money, take a good look at it. Because not only can you resolve that, but you can also resolve whatever is underlying in my worldview. That would be trauma in some form or another.” - Diana Chambers“Wealth is an external dimension of who we are, but it's not our internal interior was chosen expression of self.”  - Diana Chambers“Helping women to stay true to themselves and succeed, is I think the sort of really nuanced edge of this, it's not what we want them to succeed, we want them to succeed as themselves.”  - Diana Chambers LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.