Many of us are not prepared emotionally to handle a change in circumstances, whether that is a windfall or if we hit financial hardship. That’s where a financial therapist like Magdala Adeleke can come in. Magdala is the owner of Financial TheraPeace, a resource that people can use to transform their relationship with money. She joins Nana this week on Build Value By Choice to share her six steps for achieving financial freedom. 

 

KEY TAKEAWAYS
Financial therapy looks at money from a psychological and emotional standpoint. It’s aim is to help people process their emotions around money so they can understand them and eventually make better financial decisions. 
There are two fields of work which would allow you to become a financial therapist. Firstly a mental health professional who gains financial training, secondly a financial professional who gains training with mental health and wellbeing. 
The biggest misconception around money most people have is that we don’t understand what money actually is. We all have our own belief that it might be something you have to work hard for, something that’s not important, something we can’t attain, that money is evil. But the truth is that money is neutral and only takes on whatever we project onto it. 
We think money is more logical than it actually is. 90% of financial decisions are made based on emotions. 
A lot of the time we think our self worth is connected with a monetary amount. Our true needs are more important and will never be fully taken care of by money. 
A millionaire with bad financial behaviors can end up being worse off than someone who earns $30,000 a year with good financial behaviors. 





BEST MOMENTS

‘A financial therapist is either a mental health professional or a financial professional’ 

‘Once you take that step, freedom is on the other side’ 

‘What is true financial freedom for you?’

 

EPISODE RESOURCES 

Leave a comment or question on the Build Value By Choice Facebook community page 
Get more resources on infhorizons.com/podcast
Know Your Current Valuation: https://bit.ly/get-free-valuation
https://www.linkedin.com/in/magdala-adeleke-10760812/
https://financialtherapeace.com/
Don’t forget to subscribe to the podcast and share it.

 

ABOUT THE GUEST 

“Hello there! I’m Magdala Adeleke, a natural born number cruncher. I guess I’ve been training to be a financial therapist my entire life and just didn’t know about it until July 2020. It’s fascinating that I studied both Finance and Psychology only because they were two subjects that I loved and wanted to learn about. It seemed completely unrelated then and I can’t tell you how many times I’ve had to defend this choice because others thought it was so random. To be honest, I thought it was as well. I ended up pursuing a career in finance (banking and financial management) and I came up with a nice spiel to explain the choice of my field of studies in interviews since it was the one question that I was sure to get asked.

Unbeknownst to me, 20 years later, that spiel will come into existence when I finally realized that I was right all along when I explained that having an understanding of the psychology of people can help me better understand their financial needs.

This looping journey is kind of tragic realizing that I could have been doing this for 20 years, but better late than never, right? The field of Financial Therapy is somewhat at its nascent phase so I’m still at the forefront. I was excited to find out that others also recognize the benefits of adding emotional wellness to financial planning and are working to grow this practice. I’m thrilled to finally add my appreciation for psychology to my experience in financial management by working towards becoming a Certified Financial Therapist.

My goal is to help clients to uncover the emotions behind their relationship with money in order to work towards building healthier behaviors that lead to financial freedom.”

 

PODCAST DESCRIPTION

Hosted by Nana Bonsu of Infinite Horizons, this show aims to serve small business owners who want to grow their businesses while reducing their own personal involvement. We do this through a combination of interviews with industry leaders, and host presentations. We are certified value builder advisors and leverage a statistically proven methodology to help clients such as you scale or transition their business to the next chapter. 

We care for our listeners and see their dreams as our own. We aim to foster a community that embraces freedom, generosity, and integrity. This is a show by entrepreneurs and business owners for entrepreneurs and business owners. 

 

ABOUT THE HOST

Nana Bonsu:

“I am an entrepreneur and ex-Corporate Executive who's applying his experience and knowledge from working in various ways to pursue my passion of helping small business owners increase their choices in life by leveraging my knowledge and experience, their employees, systems and money. I help small business owners transform their business and increase value through action-oriented education and implementation of strategies and tactics to make their business sellable even if they are not planning on selling. Known for establishing an environment for personal growth and development. My multicultural background equips me with the intuitive understanding of different cultures and how they impact business owners.”

infhorizons.com
Infinate Horizons on Facebook
Follow Nana on Instagram
nbonsu@infhorizons.com
Nana on LinkedIn
facebook.com/nmbonsu
Infinite Horizons, Inc. on LinkedIn

Many of us are not prepared emotionally to handle a change in circumstances, whether that is a windfall or if we hit financial hardship. That&rsquo;s where a financial therapist like Magdala Adeleke can come in. Magdala is the owner of Financial TheraPeace, a resource that people can use to transform their relationship with money. She joins Nana this week on Build Value By Choice to share her six steps for achieving financial freedom.&nbsp;
&nbsp;
KEY TAKEAWAYS
<ul>
<li aria-level="1">Financial therapy looks at money from a psychological and emotional standpoint. It&rsquo;s aim is to help people process their emotions around money so they can understand them and eventually make better financial decisions.&nbsp;</li>
<li aria-level="1">There are two fields of work which would allow you to become a financial therapist. Firstly a mental health professional who gains financial training, secondly a financial professional who gains training with mental health and wellbeing.&nbsp;</li>
<li aria-level="1">The biggest misconception around money most people have is that we don&rsquo;t understand what money actually is. We all have our own belief that it might be something you have to work hard for, something that&rsquo;s not important, something we can&rsquo;t attain, that money is evil. But the truth is that money is neutral and only takes on whatever we project onto it.&nbsp;</li>
<li aria-level="1">We think money is more logical than it actually is. 90% of financial decisions are made based on emotions.&nbsp;</li>
<li aria-level="1">A lot of the time we think our self worth is connected with a monetary amount. Our true needs are more important and will never be fully taken care of by money.&nbsp;</li>
<li aria-level="1">A millionaire with bad financial behaviors can end up being worse off than someone who earns $30,000 a year with good financial behaviors.&nbsp;</li>
</ul>
 
BEST MOMENTS
&lsquo;A financial therapist is either a mental health professional or a financial professional&rsquo;&nbsp;
&lsquo;Once you take that step, freedom is on the other side&rsquo;&nbsp;
&lsquo;What is true financial freedom for you?&rsquo;
&nbsp;
EPISODE RESOURCES&nbsp;
Leave a comment or question on the <a href="https://www.facebook.com/infinityhorizonsinc">Build Value By Choice Facebook community page</a>&nbsp; Get more resources on <a href="https://infhorizons.com/podcast">infhorizons.com/podcast</a> Know Your Current Valuation: <a href="https://bit.ly/get-free-valuation">https://bit.ly/get-free-valuation</a> <a href="https://www.linkedin.com/in/magdala-adeleke-10760812/">https://www.linkedin.com/in/magdala-adeleke-10760812/</a> <a href="https://financialtherapeace.com/">https://financialtherapeace.com/</a> Don&rsquo;t forget to subscribe to the podcast and share it.
&nbsp;
ABOUT THE GUEST&nbsp;
&ldquo;Hello there! I&rsquo;m Magdala Adeleke, a natural born number cruncher. I guess I&rsquo;ve been training to be a financial therapist my entire life and just didn&rsquo;t know about it until July 2020. It&rsquo;s fascinating that I studied both Finance and Psychology only because they were two subjects that I loved and wanted to learn about. It seemed completely unrelated then and I can&rsquo;t tell you how many times I&rsquo;ve had to defend this choice because others thought it was so random. To be honest, I thought it was as well. I ended up pursuing a career in finance (banking and financial management) and I came up with a nice spiel to explain the choice of my field of studies in interviews since it was the one question that I was sure to get asked.
Unbeknownst to me, 20 years later, that spiel will come into existence when I finally realized that I was right all along when I explained that having an understanding of the psychology of people can help me better understand their financial needs.
This looping journey is kind of tragic realizing that I could have been doing this for 20 years, but better late than never, right? The field of Financial Therapy is somewhat at its nascent phase so I&rsquo;m still at the forefront. I was excited to find out that others also recognize the benefits of adding emotional wellness to financial planning and are working to grow this practice. I&rsquo;m thrilled to finally add my appreciation for psychology to my experience in financial management by working towards becoming a Certified Financial Therapist.
My goal is to help clients to uncover the emotions behind their relationship with money in order to work towards building healthier behaviors that lead to financial freedom.&rdquo;
&nbsp;
PODCAST DESCRIPTION
Hosted by Nana Bonsu of <a href="https://infhorizons.com/">Infinite Horizons</a>, this show aims to serve small business owners who want to grow their businesses while reducing their own personal involvement. We do this through a combination of interviews with industry leaders, and host presentations. We are certified value builder advisors and leverage a statistically proven methodology to help clients such as you scale or transition their business to the next chapter.&nbsp;
We care for our listeners and see their dreams as our own. We aim to foster a community that embraces freedom, generosity, and integrity. This is a show by entrepreneurs and business owners for entrepreneurs and business owners.&nbsp;
&nbsp;
ABOUT THE HOST
Nana Bonsu:
&ldquo;I am an entrepreneur and ex-Corporate Executive who's applying his experience and knowledge from working in various ways to pursue my passion of helping small business owners increase their choices in life by leveraging my knowledge and experience, their employees, systems and money. I help small business owners transform their business and increase value through action-oriented education and implementation of strategies and tactics to make their business sellable even if they are not planning on selling. Known for establishing an environment for personal growth and development. My multicultural background equips me with the intuitive understanding of different cultures and how they impact business owners.&rdquo;
<a href="https://infhorizons.com/">infhorizons.com</a> <a href="https://www.facebook.com/infinityhorizonsinc">Infinate Horizons on Facebook</a> <a href="https://www.instagram.com/nbonsu1/">Follow Nana on Instagram</a> <a href="mailto:nbonsu@infhorizons.com">nbonsu@infhorizons.com</a> <a href="https://www.linkedin.com/in/nanabonsu1/">Nana on LinkedIn</a> <a href="https://www.facebook.com/nmbonsu">facebook.com/nmbonsu</a> <a href="https://www.linkedin.com/company/74310405/">Infinite Horizons, Inc. on LinkedIn</a>

This show aims to serve small business owners who want to grow their businesses, while reducing their own personal involvement. We do this through a
combination of interviews with industry leaders, and host presentations. Your Host Nana Bonsu is a certified value builder advisor, who leverages a
statistically proven methodology to help clients such as you scale or transition their business to the next chapter.
We care for our listeners and see their dreams as our own. We aim to foster a community that embraces freedom, generosity, and integrity.
We strive to overdeliver every week and look forward to engaging with you on our various platforms. Nana's approach is to help the business owner see
their business from an external observer perspective when it comes to where they should best focus their strategy and time to maximize value and ensure
the "sellability" of their business to gain peace of mind.
The show is a mix of the host sharing his opinions and interview episodes for business owners generating up to 10M in annual revenues. This show will
be your weekly ace of inspiration and ideation.
Whether you want to sell your business, pass it down to the next generation or just grow the value of your business asset for the future, this podcast
will equip you with ideas to capture the following outcomes and benefits:
- increase your cash flow, minimize or eliminate stressful periods of low cash flow, and increase the overall value of your company.
- increasing both the number and quality of recurring revenue streams flowing into your business.
- minimize your reliance on any one employee, customer or supplier.
- identify areas where additional training, systems or processes are needed to allow your company to operate without you.
 
At Infinite Horizons, Inc. our value-add is helping you with DISCIPLINED ACTION, HIDDEN VALUE & IMPEDIMENTS DISCOVERY, CLARITY OF VISION.
We work with you to protect your business against the 5 Ds – Divorce, Disability, Death, Disagreement, Disaster.

You, the owner, are equipped to build value. The question is are you?

This show aims to serve small business owners who want to grow their businesses, while reducing their own personal involvement. We do this through a combination of interviews with industry leaders, and host presentations. Your Host Nana Bonsu is a certified value builder advisor, who leverages a statistically proven methodology to help clients such as you scale or transition their business to the next chapter. We care for our listeners and see their dreams as our own. We aim to foster a community that embraces freedom, generosity, and integrity. We strive to overdeliver every week and look forward to engaging with you on our various platforms. Nana's approach is to help the business owner see their business from an external observer perspective when it comes to where they should best focus their strategy and time to maximize value and ensure the "sellability" of their business to gain peace of mind. The show is a mix of the host sharing his opinions and interview episodes for business owners generating up to 10M in annual revenues. This show will be your weekly ace of inspiration and ideation. Whether you want to sell your business, pass it down to the next generation or just grow the value of your business asset for the future, this podcast will equip you with ideas to capture the following outcomes and benefits: - increase your cash flow, minimize or eliminate stressful periods of low cash flow, and increase the overall value of your company. - increasing both the number and quality of recurring revenue streams flowing into your business. - minimize your reliance on any one employee, customer or supplier. - identify areas where additional training, systems or processes are needed to allow your company to operate without you. &nbsp; At Infinite Horizons, Inc. our value-add is helping you with DISCIPLINED ACTION, HIDDEN VALUE &amp; IMPEDIMENTS DISCOVERY, CLARITY OF VISION. We work with you to protect your business against the 5 Ds &ndash; Divorce, Disability, Death, Disagreement, Disaster.
You, the owner, are equipped to build value. The question is are you?

Build Value By Choice

Many of us are not prepared emotionally to handle a change in circumstances, whether that is a windfall or if we hit financial hardship. That’s where a financial therapist like Magdala Adeleke can come in. Magdala is the owner of Financial TheraPeace, a resource that people can use to transform their relationship with money. She joins Nana this week on Build Value By Choice to share her six steps for achieving financial freedom.

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