Financial Enabling vs Financial Generosity: An Interview with Lindsay Bryan-Podvin
The Mental Health and Wealth Show
Release Date: 02/17/2023
The Mental Health and Wealth Show
In this episode, I bring back financial therapist Lindsay Bryan-Podvin. Lindsay is a biracial financial wellness expert, speaker, and author of the book "The Financial Anxiety Solution”. Lindsay uses a shame-free approach to help people get their minds and money in balance by focusing on the intersection of money and mental health using financial therapy. We dig deep into when do we help people and when do we harm them by giving money, how to know if we are being taken advantage of and what to consider before giving someone money. “Being an enabler prevents the person from...
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info_outlineIn this episode, I bring back financial therapist Lindsay Bryan-Podvin. Lindsay is a biracial financial wellness expert, speaker, and author of the book "The Financial Anxiety Solution”. Lindsay uses a shame-free approach to help people get their minds and money in balance by focusing on the intersection of money and mental health using financial therapy.
We dig deep into when do we help people and when do we harm them by giving money, how to know if we are being taken advantage of and what to consider before giving someone money.
“Being an enabler prevents the person from having the natural consequences of their actions.” - Lindsay Bryan-Podvin
“When you continue to save people and prevent them from experiencing consequences, it's a way to postpone making a decision” - Melanie Lockert
“When we think about enabling, we also think about removing a person's natural ability to learn how to function a bit more independently.” - Lindsay Bryan-Podvin
“Financial abuse is the next level, above and beyond just enabling or some dysfunction or some tension. It is really making it so the person cannot financially escape a relationship or situation.” - Lindsay Bryan-Podvin
What You Will Learn From This Episode
● The relationship between financial enabling and codependency
● The difference between financial enabling and financial generosity
● How enabling can be a part of a dysfunctional dynamic
● How to set boundaries when you’re from a culture that expects you to support your parents
● How to set boundaries/expectations on sending money to your family in another country
● What to do if your boundaries are met with anger or resentment
● When is the appropriate time to help out a loved one and what to do if you’re being taken advantage of
● How can you tell if you’re being truly financially generous
About Lindsay Bryan-Podvin:
Lindsay Bryan-Podvin (she/her) is a biracial financial wellness expert, speaker, and author of the book "The Financial Anxiety Solution." A practicing social worker since 2012, she uses a shame-free approach to help people get their minds and money in balance by focusing on the intersection of money and mental health using financial therapy.
While financial literacy is important, she champions the belief that money is rooted in emotions and impacted by the systems around us. She has a degree in sociology and a Master’s in Social Work with certificates in Financial Social Work and Financial Therapy. She lives with her partner and their dog on the occupied land of the Fox, Peoria, and Potawatomi peoples, also known as Michigan.
Resources:
*Affiliate link
- When Helping Hurts: 5 Recommendations For Planners Financial Enabling Clients
- When Parents Can’t Say NO: Financial Enabling
- To the Limit: Financial Dependency and Enabling
- Personal Finance: Family Savings Funds
- Inheritance by Race
- Migrant Remittances: The Impact of Immigrants Sending Money Back Home
- Get Lindsay’s session on how to Transform Your Money Mindset
- FreeForm
- *The Financial Anxiety Solution by Lindsay Bryan-Podvin
Connect with Lindsay:
Connect with Melanie
- mentalhealthandwealth.com
- melanielockert.com
- Support the podcast through Ko-Fi: https://ko-fi.com/melanielockert
- Buy Melanie’s book “Dear Debt”
- Contact: [email protected]
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