How to Find Empowerment Beyond Your Financial Trauma ft. Rahkim Sabree
As prices soar and layoff-stress sets in, Financial Trauma is ramping up. There are even instances of triumph that cause us to rethink everything.
The Financial Griot Podcast is back at it again!
Today we have a special guest Rahkim Sabree @RahkimSabree (Financial Trauma coach – Lintr.ee/RahkimSabree). He is an author and on his way to being an expert on the subject. We discuss his journey from firing his boss, moving through corporate America as a Black man, and finding purpose and building a purpose-legacy.
We also talk about life as an entrepreneur. Breaking out and the building is difficult so we had to unpack.
Table of Contents
Redefining Financial Trauma
Financial trauma is a term used to describe the emotional and psychological effects of financial stress. It can be caused by a variety of factors, including job loss, bankruptcy, divorce, and medical bills. People who experience financial trauma may feel anxious, depressed, and hopeless. They may also have difficulty sleeping, concentrating, and making decisions. In some cases, financial trauma can lead to substance abuse or even suicide.
An example of financial trauma could be “an abrupt financial loss like a home foreclosure, bankruptcy, a contentious divorce settlement, or a large financial loss in the stock market.” Financial trauma can also be passed on from generation to generation, where you end up mimicking your parents’ negative relationship with money.
Childhood financial trauma has been seen the have a particularly virulent effect on our long-term capacity. This can affect how you save, spend, or even invest.
Can we learn to cope and how?
There are a number of things that can be done to cope with financial trauma. These include seeking professional help, talking to friends and family, and taking care of your physical and mental health.
It is also important to remember that you are not alone and that there are resources available to help you.
If you are experiencing financial trauma, there are a few things you can do to cope:
- Seek professional help. A therapist can help you to understand and deal with the emotional and psychological effects of financial trauma.
- Talk to friends and family. Talking to people you trust can help you to feel less alone and to get support.
- Take care of your physical and mental health. Make sure to eat healthy, exercise, and get enough sleep. These things will help you to feel better both physically and emotionally.
- Remember that you are not alone. There are many people who have experienced financial trauma. There are also many resources available to help you.
“I still believe in this idea of abundance. I still have aspirations and goals that have a monetary value but I’m also realizing that as much as it’s about the money, it’s also not. It’s about the impact. It’s about the experience. It’s about the freedom.”
Rahkim Sabree
About The Financial Griot Podcast:
The Financial Griot is a play on two words (Finance + Griot) that hold significance in closing the wealth gap while embracing our differences. We aspire to be bold enough to tell stories that others don’t. Stories about growth, setbacks, trauma, and successes. Life is a journey filled with challenges so we approach the podcast in the same non-linear fashion.
Beyond that, we talk about Finances. Specifically, how to become Financially literate, incorporate actionable steps, and ultimately build generational wealth. Most can’t imagine becoming a Millionaire. Much less in 20 years.
It’s possible. As such, we share all the secrets. Why? Because wealth is a Win-Win proposition.
Find the TFG Crew Hosts on Instagram
- Alainta Alcin – Blogger, Travel and Money Enthusiast @alainta_alcin
- Lovely Merdelus – Entrepreneur and Small Business Growth Specialist @lovelymerdelus
- Lawrence Delva-Gonzalez – Federal Auditor, Blogger, and Tax Specialist @theneighborhoodfinanceguy
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