Creating a Healthy Relationship with Money with Bob Wheeler
“A lot of people out there that have gotten lucky, financially, and in the back of their mind, they're still waiting to be caught, or be waiting to be taken out. With that mindset, they always sort of look behind them to see when the shoe drops.”
Bob Wheeler, Financial Expert & Motivator, Book Author, is the founder of The Money Nerve. Bob helps listeners conquer their money shame and avoid making poor financial decisions by teaching how emotions can dictate our choices. As a man of true integrity with infectious energy, Bob’s crusade for personal growth has cross-pollinated with his accounting practice to create a new approach to personal finances.
His passion is to help others gain insights into how their emotions trigger financial decisions. Combining finances with behaviours, Bob explores his personal concept of creating a healthy relationship with money in his recent book, The Money Nerve.
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Brett:
I'm excited about our next guest. He is a CPA by trade and he explores and helps his clients explore the emotions surrounding money management. He has an amazing book called The Money Nerve: Navigating The Emotions Of Money. His passion is to help you right now gain insight into why your emotions trigger financial decisions, and so much more. He's out of West Hollywood, California, he's on the frontlines of helping people with money and tax please welcome the show me, Bob Wheeler. Bob, how are you doing?
Bob:
Brett, great to be here. Good to see you.
Brett:
I'm excited to have you on the show. For our listeners getting to know you for the first time, would you give us a little bit more about your story and your current focus?
Bob:
I am a CPA by trade. I originally was going to be a lawyer. That was my lifelong goal. Then I got to college, met a few lawyers and thought, yeah, I think maybe not jumped into accounting. It was something that came easy. Becoming a CPA started doing that I realized I was not doing the best with my own finances, even though I could tell other people what to do. a lot of my friends were in the creative arts. They were seemingly having problems with money. A lot of my clients, my entrepreneurs, were doing the exact opposite of what seemed like solid financial advice.it really got me curious about what was going on behind the scenes.so I got into exploring the emotions, looking at my own history, looking at my client’s history and a lot of my creative friend’s financial history and wrote a book and decided that I wanted to help people realize that there is no shame in not having the financial download that it's never too late to learn and that you're not alone because there's a lot of people out there with lots of money that also have emotional issues around money.
Brett:
Bob, sounds absolutely fascinating and really unique to me. I can't say I know of anyone who's really focused on this space. I'm looking forward to this interview of creating healthy relationships with money if people want to get with you right now, by the way, you can get with Bob Wheeler right now by going to TheMoneyNerve.com, it's TheMoneyNerve.com. But Bob, before we go into all of the things, creating a healthy relationship with money, I'm curious. I believe we've all been given certain gifts in this life. These gifts have been given to us to be a blessing and help to others. Some people come strength some people call them superpowers. When should you go back? Perhaps, prior to becoming a CPA, Bob grew up. What are the one or two strengths you believe you were given? How does that help how you help him bless people today,
Bob:
the two things I would say would be one, a sense of humour. That helps me to be able to get people's defences down to actually hear what I want to help them with. The other thing I have is, I think the ability to be willing to listen and create a safe space so that people can tell me what's actually going on.
Brett:
Nailed it sounds like you've really thought about that, which is fantastic. I'm trying to move that maneuver into the interview today. Sense of humour, helping people to get their defences down and willing to listen and create a safe place. That being said, Bob, what's the number one secret to creating a healthy relationship with our money?
Bob:
I think the number one secret is being willing to do the work, being willing to look at our choices and learn from them. Many people want to stay unconscious and just go with the flow. If we're willing to stop and take a look at it and say why didn't that work? What's not working? What am I willing to do to get there? I think more people would have success and a healthy relationship with the money that they're seeking.
Brett:
Let's break that down. Bob, I'm showing up. I'm an entrepreneur. I've made multi-million dollars in cryptocurrency and these huge run-ups, or own a business and have operated for a long time. Perhaps I'm not as organized in my budget, or perhaps I'm not as organized in the tax flow implications of what's going to happen when I sell. Walk us through how you would help. Help us, help me walk through that.
Bob:
There are clients of mine that have had much success. They base all their goals on financial targets, now all of a sudden, they're saying great, I have all this money. I'm not very happy. Like, life isn't good, even though I've got lots of money in the bank. Then the question for me starts to become, what are you looking for? What do you want your life to be about? What do you want your legacy to be? What's the impact that you want to have, and for some people, it is having lots of money in the bank. But for most people, it's about actually having deep relationships. It's about having memorable life experiences. It's about being able to travel or do what you want when you want. Or even if you're on a budget, being able to do it within your means. That maybe I can't have everything, but I can have certain things if I actually set my mind to it, and for me, it actually means going back and looking at what are those values that I have? Or that I had? And are they still serving me, there are a lot of people out there that have gotten lucky, financially, and in the back of their mind, they're still waiting to be caught, or be waiting to be taken out. With that mindset, they always sort of look behind them to see when the shoe drops.
Brett:
That's really interesting. I want to try to pull some of that out, and then ask kind of another level of questions. I'm really defining what the outcome is for life. Not just your finances, the legacy of that deeper relationships, more time with family member life experiences, making sure you're connecting the one with the other, and know that they're interconnected. I think that's what I'm hearing you saying in the first part of it. Then obviously, defining your core values as well. Then you mentioned, you feel like they're getting caught. Walk us through that. That's kind of interesting. What are they getting caught with Bob? What are you gonna help them with?
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