Interesting, a number of the most eminent markets experts have been expressing their views on the severity of the impending economic downturn and the extent to which equities might plummet. This is because the economy is heading towards a recession and inflation is persistently above the federal reserve’s 2% target. As I’m aiming to create a portfolio worth not less than $670,000 before I turn 60, I would appreciate any advice on potential investments.
There are many other interesting stocks in many industries that you might follow. You don’t have to act on every forecast, so I’ll suggest that you work with a financial advisor who can help you choose the best to purchase and sell the shares or ETF’s you want to acquire.
Thanks for the information! I just discovered his exceptional resume when I made a google research of his full names online. he appears knowledgeable and well accredited I drop him a message and book a call session with him!
Amazing I know John Desmond Heppolette, glad I found this recommendation earlier on. I have made some pretty impressive gains, I closed last year with my investment portfolio at $487k. I love his insights and innovative approach to how his ETF’s are run so different from the stale methods of managers I’ve work with in the past.
At 25:58, regarding the mention of Gabor Mate, he is actually very wrong about topics such as ADHD and perpetuates some harmful misinformation about it. Dr Russell Barkley is an expert on ADHD for decades and decades and made a video summarizing the science of why Mate is wrong.
Sacrificing my mental health did lead to more professional success for me but only because of the “work hard play hard”culture. I had to get out of that “work hard play hard”/high pressure environment to realize how important my mental health was. Peer pressure can overpower the inner voice screaming for help 🙃
@@PokhrajRoy. thanks for the kind words. I’m doing a lot better, and I’m sober now. I make less money than my peers but I’m not depressed or binge drinking lol
@20:40 Teslas are a joke and I say that as a millennial. I generally speaking look down upon Tesla drivers. They don't particularly strike me as admirable or inspirational rather people who are smug and just wanna show off. Much like drivers of expensive BMWs and Mercedes.
I grew up in an urban environment where we walked or took public transportation. So for people to feel embarrassed about the car they drive is more about them feeling left out and comparing themselves to others. I grew up in a family who never had a car and my mom never plans on driving and medically it's best for her not to because she's had a history of vertigo.
Hi, Chelsea, psychopharmacology is just the mechanics of how different drugs (both legitimate psychiatric prescriptions and illegal street drugs) work on your brain/body. I took it as an elective in undergrad and we talked about both legal and illegal drugs. The use of psychedelics in mental health treatment is actually a hot topic in mental health research! There are starting to be places using ketamine (which is normally an animal tranquilizer) in a controlled IV drip and it is also being prescribed as a prescription nasal spray. I am really interested to see where it all goes for the people who don't respond to traditional antidepressants, etc.
Neoliberalism means telling people everything is individual. Our struggles are NOT individual, they are collective. More trade unions, less therapy. They want us to adapt to this system no matter what, so we don't change it.
Both, but maybe a little less CBT and more emdr and dbt. We need therapy so we can heal and recoup strength to tear down the systems that traumatized us.
Also, therapy doesn't fix any financial stress. You can talk about it, sure, but at the end of the day there's inflation and it is making it impossible to make ends meet. We're drowning.
I try to think of my mental health like I think of running. My foot hurts, ok time to rest, ice, compression! But why does my foot hurt? Did I do too much too fast? Are my shoes worn out? Did I start striking differently? Is a different muscle group really tight and actually the cause of the pain? Etc. search for root cause or I’ll never get back out there
Hi Chelsea! Loved the video and just wanted to add that I would recommend skepticism towards Gabor Mate and his stance on disorders such as ADHD. His work is not scientific nor backed up by proper research methods. I would highly recommend checking out Russell Barkley instead and he also has a video discussing the harm of Gabor's stance on it. I don't dislike Gabor and I do appreciate him standing up for people struggling with addictions, but it's irresponsible for him to make certain claims when ADHD can create profound difficulties in one's life and requires evidence-based tools and strategies to treat it.
There's a quote that I like..."Rushing is another form of going nowhere." I believe it was in the mindfulness book "30 Days to Reduce Anxiety" by Harper Daniels. My life and business improved when I got serious about my mental health, essentially creating an anxiety management routine in the morning, incorporating a few minutes of mindfulness throughout the day. We don't do well when in overdrive...it's critical to slow down and relax into a flow state.
21:16 This realization is so profound. A clear indication that 9/10 money problems are usually the result of inaccurate thinking and emotional inadequacies!
I have a degree in school counseling, and thus had to learn about a variety of counseling philosophies/methodologies. It's been interesting hearing more of the perspective of someone who works in an Existential framework. I remember it being sort of controversial in my class when we learned about it as it's more focused on what you as an individual can and should do rather than focusing on systemic forces. It's puts a lot of focus on personal responsibility. But I also remember thinking it was a very empowering framework and that it's good to approach every problem in terms of what we can do to improve our situation, in spite of all the challenges in our lives. And I think everyone can benefit from really evaluating what living a meaningful life would look like for themselves and approaches decisions more philosophically.
About 38 years ago I decided that meeting in a coffee shop was far better then meeting at a bar. Not a big change but it helped me cope. I admit an addiction to frappuccinos.
I had an acquaintance who was mega rich and still drank himself into an early grave. The pressure to live up to family was huge, but also he could afford the doctors who would tell him what he wanted to hear.
Tbh im very proud of gen z making sobriety more normal. I worked for the navy (as a civilian) for many years and there is no other place that showcases the dangers of coping with alcoholism to that degree.
Am a LCSW, I can tell you, giving yourself therapy is not therapeutic 😂 I learned that the hard way. Thankfully I make enough to pay my therapist in Mexico 100 bucks a month because my social work salary sure af doesn't give me the financial bandwidth to pay $180 a session and I am not going to the providers under my insurance because either the ones I can tell would be great options don't have availability and the ones that do I wouldn't even fly over.
On a show about building Earthship homes, one of the crew was interviewed and said he'd quit a six-figure Wall Street job to "swing a hammer" and he'd never been happier. For him, the big money came with big stress and moving to an active, more subsistence lifestyle brought more joy. I'm so glad you brought up the part about the drug advertising. It puts medications in the same category as all of the ads trying to get you to buy something, especially because sometimes it plants the seed that you might have a "health concern" that you didn't know you had and encourages people to ask for medicines that they may not need. (they skirt some laws with that "ask your doctor" line that otherwise make the ads illegal)
I would absolutely LOVE to hear you interview/talk to Anna Runkle about the intersection of trauma and finances and the steps she had to take to basically double her income as a single mother of two small children. She has been such an inspiration to me and i feel like your audience would appreciate hearing about it!
Drinking is expected in high pressure academic/STEM peer groups. I’m just over 2 years sober from alcohol, after leaving academia and the intense pressure. The amount of “networking opportunities” that required me to neglect my health is endless, there was always a shot at funding or fellowships if we just got a drink with the right professor or trustee. Nowadays I refuse to do any networking. I’m done trading small talk for opportunities I’ve already earned.
100%. I've been lucky in that the few departments I've worked in there hasn't been a massive drinking culture. Part of it may be cause I'm in psychology, so we know the effects of addiction but the education departments have a heavy drinking culture often.
Gold advice at 21:21 : The immediate gratification is the alleviation of low self-esteem. It's the ability to feel as though you're fitting into a group. Figure out the thing you want so immediately, not a car payment or a car, but to feel better, feel a part of. What is the feeling that I'm getting out of these things I'm spending on, and are there alternative ways to get that feeling that aren't going to affect my finance thus mental health in the long run.
It's Not Just in Your Head is a wonderful podcast I would encourage anyone to listen to who may be more interested in the topic of mental health and how it intersects with both the economic and political sphere of any given time within our society. These things are all inextricably linked and I think we need to have a better understanding of this. I really enjoyed this episode, I always wish these were longer!
For someone in the mental health field she gave a not great description between an LCSW and clinical psychologist (PsyD, PhD). Both provide therapy, psychologists have more extensive education/training and provide testing/assessments. Diagnostics/disorders are more heavily emphasized in clinical psychology. Social work is more focused on systems and structures.
Thank you!! Yes, I am an LPC and haven't encountered too many clinical psychologists who do ongoing therapy even though they are more than qualified to do so.
Same. I never thought about how alcohol ruined my finances, health, and quality of life. Even cheap alcohol took money from much needed savings that I could use now. The nights out were never worth it in the long run.
My father was an alcoholic, and it was ruinous to the family's finances. Not only the alcohol, but the wrecked cars, vehicles impounded for drunk driving and the forced time off because he couldn't drive to work, and the impulse purchases fueled by drinking. Both my boomer patents worked, and my dad made over $40 an hour plus overtime in the 90s, which was the best wages in the area, but they had not much to show for it by the time he passed away. Thankfully, he had a pension and my mom is ok in retirement, though not really comfortable.
I can relate to the convo with her mom. My mom fills aspects of her life with spending. Compounded by she's a person who believes that it's normal to be in debt die the rest of your life *, it makes money conversations tough. * I know some do carry debt their whole lives, there's a difference between that being a "necessary evil" and thinking that lifelong debt is just apart of life
I am at the absolute worst place in life right now, quit my 70k job and now have a 45k job. I am struggling to pay for my MPH and other necessities and have turned to drinking about twice in the past month. This was from someone who never drank alcohol. I've also noticed that my restricted eating is back, thinking if the rest of my life sucks at least I can have a "healthy" body. Which isn't healthy at all if I am injuring it with alcohol and not feeding it properly
It’s hard to cope in a world where hiring is more competitive than ever and it feels impossible to break into the field you studied in college. Even doing all the training and extra classes it’s depressing that it doesn’t appear to have paid off and given me a stable career so I feel like the only way to survive is to just become a jaded person who’s too cool to care about shit, to not think about it at all, because when you don’t care about stuff you can’t get hurt. I’ve definitely used alcohol to cope with my emotions sometimes but not regularly enough to be considered an alcoholic
One thing I know about online money making is As a newbie you must have these three things in mind Have a long term mindset. Be willing to take risk. Be careful on money usage, if you're not spending to earn back, then stop spending. Never claim to know - Ask questions and it's best you work with a financial advisor like Mrs Bennett Edmund
Maybe I missed this discussion on the channel, but I think the hulu show "Fleishman Is In Trouble" does a really interesting job of portraying some of the issues with money, status, and mental health that you guys touch on in this episode.
Being on Canadian disability it had me thinking I'm not allowed to have money which destroyed my mental health that took me years to rebuild and change my habits and beliefs.
Interesting, a number of the most eminent markets experts have been expressing their views on the severity of the impending economic downturn and the extent to which equities might plummet. This is because the economy is heading towards a recession and inflation is persistently above the federal reserve’s 2% target. As I’m aiming to create a portfolio worth not less than $670,000 before I turn 60, I would appreciate any advice on potential investments.
There are many other interesting stocks in many industries that you might follow. You don’t have to act on every forecast, so I’ll suggest that you work with a financial advisor who can help you choose the best to purchase and sell the shares or ETF’s you want to acquire.
Thanks for the information! I just discovered his exceptional resume when I made a google research of his full names online. he appears knowledgeable and well accredited I drop him a message and book a call session with him!
Absolutely! A financial advisor can help you create a tailored investment plan that aligns with your unique financial situation and goals.
Amazing I know John Desmond Heppolette, glad I found this recommendation earlier on. I have made some pretty impressive gains, I closed last year with my investment portfolio at $487k. I love his insights and innovative approach to how his ETF’s are run so different from the stale methods of managers I’ve work with in the past.
At 25:58, regarding the mention of Gabor Mate, he is actually very wrong about topics such as ADHD and perpetuates some harmful misinformation about it. Dr Russell Barkley is an expert on ADHD for decades and decades and made a video summarizing the science of why Mate is wrong.
People think that sacrificing mental health leads to more professional success but I tend to disagree.
Sacrificing my mental health did lead to more professional success for me but only because of the “work hard play hard”culture. I had to get out of that “work hard play hard”/high pressure environment to realize how important my mental health was. Peer pressure can overpower the inner voice screaming for help 🙃
@@Jhddtukbdd87542 I’m sorry you had to go through that. Hope you’re doing better now.
For sure. I'd say depression has ruined my work performance many times and has even gotten me fired from jobs bedore
@@cheesecurd100s You’ve hit the nail on the head.
@@PokhrajRoy. thanks for the kind words. I’m doing a lot better, and I’m sober now. I make less money than my peers but I’m not depressed or binge drinking lol
@20:40 Teslas are a joke and I say that as a millennial. I generally speaking look down upon Tesla drivers. They don't particularly strike me as admirable or inspirational rather people who are smug and just wanna show off. Much like drivers of expensive BMWs and Mercedes.
I grew up in an urban environment where we walked or took public transportation. So for people to feel embarrassed about the car they drive is more about them feeling left out and comparing themselves to others. I grew up in a family who never had a car and my mom never plans on driving and medically it's best for her not to because she's had a history of vertigo.
Please start doing “making it work” videos again. They have been awesome. It’s a request.
Hi, Chelsea, psychopharmacology is just the mechanics of how different drugs (both legitimate psychiatric prescriptions and illegal street drugs) work on your brain/body. I took it as an elective in undergrad and we talked about both legal and illegal drugs. The use of psychedelics in mental health treatment is actually a hot topic in mental health research! There are starting to be places using ketamine (which is normally an animal tranquilizer) in a controlled IV drip and it is also being prescribed as a prescription nasal spray. I am really interested to see where it all goes for the people who don't respond to traditional antidepressants, etc.
I had ketamine infusions this year. It saved and changed my life.
Neoliberalism means telling people everything is individual. Our struggles are NOT individual, they are collective. More trade unions, less therapy. They want us to adapt to this system no matter what, so we don't change it.
Both, but maybe a little less CBT and more emdr and dbt. We need therapy so we can heal and recoup strength to tear down the systems that traumatized us.
Also, therapy doesn't fix any financial stress. You can talk about it, sure, but at the end of the day there's inflation and it is making it impossible to make ends meet. We're drowning.
I try to think of my mental health like I think of running. My foot hurts, ok time to rest, ice, compression!
But why does my foot hurt? Did I do too much too fast? Are my shoes worn out? Did I start striking differently? Is a different muscle group really tight and actually the cause of the pain? Etc. search for root cause or I’ll never get back out there
Hi Chelsea! Loved the video and just wanted to add that I would recommend skepticism towards Gabor Mate and his stance on disorders such as ADHD. His work is not scientific nor backed up by proper research methods. I would highly recommend checking out Russell Barkley instead and he also has a video discussing the harm of Gabor's stance on it. I don't dislike Gabor and I do appreciate him standing up for people struggling with addictions, but it's irresponsible for him to make certain claims when ADHD can create profound difficulties in one's life and requires evidence-based tools and strategies to treat it.
Yes.. sluggish cognitive tempo, I know it well.
Saved literally thousands of dollars over the past couple years after quitting alcohol and nicotine
There's a quote that I like..."Rushing is another form of going nowhere." I believe it was in the mindfulness book "30 Days to Reduce Anxiety" by Harper Daniels. My life and business improved when I got serious about my mental health, essentially creating an anxiety management routine in the morning, incorporating a few minutes of mindfulness throughout the day. We don't do well when in overdrive...it's critical to slow down and relax into a flow state.
21:16 This realization is so profound. A clear indication that 9/10 money problems are usually the result of inaccurate thinking and emotional inadequacies!
Comment of the decade! Thanks so much for pointing that out! ❤
I have a degree in school counseling, and thus had to learn about a variety of counseling philosophies/methodologies. It's been interesting hearing more of the perspective of someone who works in an Existential framework. I remember it being sort of controversial in my class when we learned about it as it's more focused on what you as an individual can and should do rather than focusing on systemic forces. It's puts a lot of focus on personal responsibility. But I also remember thinking it was a very empowering framework and that it's good to approach every problem in terms of what we can do to improve our situation, in spite of all the challenges in our lives. And I think everyone can benefit from really evaluating what living a meaningful life would look like for themselves and approaches decisions more philosophically.
I’d love to see you do a collab with Mickey Atkins sometime!
I love Mickey Atkins!
Don't buy the Tesla!!!!! Show your mom the videos of them blowing up because the batteries caught on fire.
Chelsea “the ways in which” Fagen
About 38 years ago I decided that meeting in a coffee shop was far better then meeting at a bar. Not a big change but it helped me cope. I admit an addiction to frappuccinos.
I had an acquaintance who was mega rich and still drank himself into an early grave. The pressure to live up to family was huge, but also he could afford the doctors who would tell him what he wanted to hear.
Yup. Nuance. Money isn't the only factor .
Tbh im very proud of gen z making sobriety more normal. I worked for the navy (as a civilian) for many years and there is no other place that showcases the dangers of coping with alcoholism to that degree.
Am a LCSW, I can tell you, giving yourself therapy is not therapeutic 😂 I learned that the hard way. Thankfully I make enough to pay my therapist in Mexico 100 bucks a month because my social work salary sure af doesn't give me the financial bandwidth to pay $180 a session and I am not going to the providers under my insurance because either the ones I can tell would be great options don't have availability and the ones that do I wouldn't even fly over.
how did you find them? are you in Mexico or another country?
On a show about building Earthship homes, one of the crew was interviewed and said he'd quit a six-figure Wall Street job to "swing a hammer" and he'd never been happier. For him, the big money came with big stress and moving to an active, more subsistence lifestyle brought more joy.
I'm so glad you brought up the part about the drug advertising. It puts medications in the same category as all of the ads trying to get you to buy something, especially because sometimes it plants the seed that you might have a "health concern" that you didn't know you had and encourages people to ask for medicines that they may not need. (they skirt some laws with that "ask your doctor" line that otherwise make the ads illegal)
I would absolutely LOVE to hear you interview/talk to Anna Runkle about the intersection of trauma and finances and the steps she had to take to basically double her income as a single mother of two small children. She has been such an inspiration to me and i feel like your audience would appreciate hearing about it!
I forgot who told me, but I've kept it with me: 'Your first thought is what you were taught. Your second thought is how you actually feel."
Drinking is expected in high pressure academic/STEM peer groups. I’m just over 2 years sober from alcohol, after leaving academia and the intense pressure. The amount of “networking opportunities” that required me to neglect my health is endless, there was always a shot at funding or fellowships if we just got a drink with the right professor or trustee. Nowadays I refuse to do any networking. I’m done trading small talk for opportunities I’ve already earned.
100%. I've been lucky in that the few departments I've worked in there hasn't been a massive drinking culture. Part of it may be cause I'm in psychology, so we know the effects of addiction but the education departments have a heavy drinking culture often.
I learned to drink in school with grad students and professors. Academia is incredibly unhealthy.
Gold advice at 21:21 : The immediate gratification is the alleviation of low self-esteem. It's the ability to feel as though you're fitting into a group.
Figure out the thing you want so immediately, not a car payment or a car, but to feel better, feel a part of.
What is the feeling that I'm getting out of these things I'm spending on, and are there alternative ways to get that feeling that aren't going to affect my finance thus mental health in the long run.
It's Not Just in Your Head is a wonderful podcast I would encourage anyone to listen to who may be more interested in the topic of mental health and how it intersects with both the economic and political sphere of any given time within our society. These things are all inextricably linked and I think we need to have a better understanding of this. I really enjoyed this episode, I always wish these were longer!
For someone in the mental health field she gave a not great description between an LCSW and clinical psychologist (PsyD, PhD). Both provide therapy, psychologists have more extensive education/training and provide testing/assessments. Diagnostics/disorders are more heavily emphasized in clinical psychology. Social work is more focused on systems and structures.
Thank you!! Yes, I am an LPC and haven't encountered too many clinical psychologists who do ongoing therapy even though they are more than qualified to do so.
I saved tons of $ quitting drinking.
Same. I never thought about how alcohol ruined my finances, health, and quality of life. Even cheap alcohol took money from much needed savings that I could use now. The nights out were never worth it in the long run.
My father was an alcoholic, and it was ruinous to the family's finances. Not only the alcohol, but the wrecked cars, vehicles impounded for drunk driving and the forced time off because he couldn't drive to work, and the impulse purchases fueled by drinking.
Both my boomer patents worked, and my dad made over $40 an hour plus overtime in the 90s, which was the best wages in the area, but they had not much to show for it by the time he passed away.
Thankfully, he had a pension and my mom is ok in retirement, though not really comfortable.
This was so wholesome and validating. Thanks, ladies!
I can relate to the convo with her mom. My mom fills aspects of her life with spending. Compounded by she's a person who believes that it's normal to be in debt die the rest of your life *, it makes money conversations tough.
* I know some do carry debt their whole lives, there's a difference between that being a "necessary evil" and thinking that lifelong debt is just apart of life
Great Episode. 🎉
I am at the absolute worst place in life right now, quit my 70k job and now have a 45k job. I am struggling to pay for my MPH and other necessities and have turned to drinking about twice in the past month. This was from someone who never drank alcohol. I've also noticed that my restricted eating is back, thinking if the rest of my life sucks at least I can have a "healthy" body. Which isn't healthy at all if I am injuring it with alcohol and not feeding it properly
I just gotta know what you got from paneras Chelsea 😂
Excellent episode, ladies. Thank you!!
Loved this episode!
It’s hard to cope in a world where hiring is more competitive than ever and it feels impossible to break into the field you studied in college. Even doing all the training and extra classes it’s depressing that it doesn’t appear to have paid off and given me a stable career so I feel like the only way to survive is to just become a jaded person who’s too cool to care about shit, to not think about it at all, because when you don’t care about stuff you can’t get hurt.
I’ve definitely used alcohol to cope with my emotions sometimes but not regularly enough to be considered an alcoholic
You’re me
@@Fake_blndhaha thanks, I am currently in therapy which I feel like is helping
What a great video! Thank you for sharing
Great episode lads
Yes
Very good idea 💡 ❤️❤️🌹🌹👍
Loved this!
THIS EPISODE WAS SO SO SO GOOD 😭
A for the broke M.Fers?
Yikes so true
One thing I know about online money making is As a newbie you must have these three things in mind
Have a long term mindset.
Be willing to take risk.
Be careful on money usage, if you're not spending to earn back, then stop spending.
Never claim to know - Ask questions and it's best you work with a financial advisor like Mrs Bennett Edmund
Great conversation! ❤
Maybe I missed this discussion on the channel, but I think the hulu show "Fleishman Is In Trouble" does a really interesting job of portraying some of the issues with money, status, and mental health that you guys touch on in this episode.
Great questions Chelsea!
A beautiful interview. Thank you xxx
Amazing, thank you for talking about this
Such a beautiful therapist
Being on Canadian disability it had me thinking I'm not allowed to have money which destroyed my mental health that took me years to rebuild and change my habits and beliefs.
Yes! Thank you so much for talking about this!! Breaking down stigma starts with conversation❤