I have been studying Psychology since 2003, but it wasn’t until 2009 that I became interested in personal finance. At the time I was starting my Masters in Psychology in NYC and reading Suze Orman and Ramit Sethi while commuting to classes. I felt inspired by this knowledge but also anxious, I was 24 years old working part-time with no money to save or invest.
In 2011, I moved to Los Angeles to start my Ph.D. in Clinical Psychology and met Kaitlyn. Kaitlyn and I quickly realized we had much in common, but it wasn’t until 2014 that we started talking about our interest in business psychology and personal finance. We also realized this mutual interest wasn’t one most of our friends shared, and a topic most people avoided.
One year later Kaitlyn introduced me to podcasts and I started listening to topics on retirement, savings and investing. As I got closer to graduating my financial anxiety continued to increase as I realized I would soon set out for my career and earn a salary that would finally allow me to start working towards my financial goals. My obsession with podcasts grew and I started reading more about habits and mindsets.
Our graduate career took Kaitlyn and I to different states, but every time we caught up we realized we were still spending our free time reading and listening to the same things. This led to more and more conversations about our thoughts on what was missing in the business psychology field and thus we decided to fill in the gaps and begin our own blog and podcast.
As Doctors in Psychology (and Clinical Psychologists- in training), we are trained to understand how psychological barriers keep people from achieving wealth and success. The goal of Richer Insight is to help you overcome your fears, break through the barriers and live a happier life.
I was 16 years old when I realized I wanted to become a psychologist. I loved listening to people’s problems and helping them, so I worked hard and made it into graduate school. There I met Lily. I was excited to embark on my career, never really considering the financial aspects of it, until one day when my professor told the class “if you want to become a psychologist for the money, leave now because you picked the wrong profession.”
Don’t get me wrong, I definitely didn’t choose the profession for the money. In fact, up until that point I had always told myself that money didn’t matter and the only important thing was doing what I loved. However, being told that I wouldn’t make any money after 10 years of school and many, many long hours of hard work was depressing. Then I looked at how much student loan debt I had accumulated just in that first year and nearly had a panic attack! How could I afford a house? Or kids? Or the normal things an adult needs to buy (like food) without money?
Luckily, my like-minded friend suggested that I read “I Will Teach You To Be Rich” by Ramit Sethi and my obsession with financial freedom was born. In my quest for more financial knowledge, I stumbled onto podcasts, where my interest continued to grow.
As Lily and I listened and read from the financial gurus, we began to realize that a piece of the conversation was missing. Many people know what they need to do but can’t seem to translate that knowledge into action. This is because we all have psychological barriers that get in our way from achieving financial and personal success. So Lily and I decided to put our combined 24 years of psychology training into filling this gap. Join us as we explore and learn how to overcome the psychological barriers to wealth.