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Podcast 109: Crazy About Money

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Today’s guest on the Consumerism Commentary Podcast is Dr. Maggie Baker, PhD, author of Crazy About Money: How Emotions Confuse Our Money Choices and What To Do About It. Dr. Baker has been a practicing psychologist for 30 years, focusing on financial therapy and ADD/ADHD.

Table of contents

[00:00] Introduction from Bryan J Busch
[00:33] Interview with Dr. Maggie Baker
[00:50] Our attitudes about money start in childhood
[02:57] Spending decisions rooted in emotions
[04:44] Become aware of and fixing self-destructive behavior
[06:30] Gambling without emotion
[07:54] Overriding aversion to loss
[09:06] Brains make bad decisions
[11:30] Mental accounting
[16:40] Good debt and bad debt
[18:18] Couples going through therapy together
[21:15] End

We always welcome feedback from listeners. If you have any comments for this episode or for any other, or if you have suggestions for future episodes, please leave us comments here or email us at podcast at this domain name.

Theme music by Mindcube.

Updated April 13, 2016 and originally published May 22, 2011.

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About the author

Luke Landes is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about Luke Landes and follow him on Twitter. View all articles by .

{ 1 comment… read it below or add one }

avatar 1 Anonymous

Great podcast! I’m definitely going to think about this the next time I’m making a big spending decision. It seems clear that many of our unwisest financial decisions have to do with false perceptions about money that formed during childhood.

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