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In this episode of Midlife with Courage, host Kim welcomes Mikelann Valterra, a seasoned money coach, to discuss the intricate relationship between our emotions and financial habits.

Mikelann shares insights into how childhood experiences shape our money mindset and behaviors, highlighting the concept of 'money fog,' which encompasses the stress and anxiety caused by financial vagueness. Throughout the conversation, they explore the importance of financial clarity, the psychological aspects of money management, and strategies for overcoming underearning.

Mikelann also shares her personal journey with Argentine tango and her transition to money coaching, offering practical advice for women in midlife. Listeners will gain valuable knowledge on integrating emotional understanding with practical financial management to foster a healthier relationship with money.

00:00 Introduction and Early Money Lessons

00:36 Welcome to Midlife with Courage

00:57 Meet Mikelann Valterra

01:07 Diving into Money Coaching

02:29 The Courage to Dance

05:25 The Journey to Money Coaching

08:55 Understanding Emotional Money

13:14 Gender and Money Conversations

16:03 Exploring the Conflict Between Service and Profit

16:36 Understanding Underearning

18:26 Navigating Financial Transitions in Midlife

20:04 The Practical and Emotional Sides of Money Coaching

21:52 Identifying and Overcoming the Money Fog

25:31 The Power of Money Mindset

27:53 Couples and Money: Finding Common Ground

30:00 Resources and Final Thoughts

If you would like to learn more about the emotional side of money, money fog or get her book Rise Above the Money Fog, go to Mikelann's website: https://www.seattlemoneycoach.com/free-resources/

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Kim Benoy is a retired RN, Certified Aromatherapist, wife and mom who is passionate about inspiring and encouraging women over 40. She wants you to see your own beauty, value and worth through sharing stories of other women just like you.

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