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Jan 2025
46m 31s

7 Maxed Out Credit Cards to Money Expert...

BIGGERPOCKETS
About this episode

Are you building wealth but feel like you can never enjoy it? Do you struggle with money, fearing you carry the same poor financial habits as your parents? Whether you’ve got a lot of money or a little, many of us face the same mental financial challenges—anxiety, shame, and stress—but it doesn’t have to stay this way.

Today’s guest is living proof that change is possible. After completely turning his financial life around, from maxed-out credit cards, a rock-bottom credit score, repossessions, and empty bank accounts, to achieving financial success, he now teaches others how to do the same.

Steven Hughes, a money therapist, focuses on uncovering the financial beliefs shaped during childhood. Steven recognized that the negative money mindset affecting him in his youth also impacted countless others. To address this, he founded the non-profit “Know Money” to help people cultivate a stress-free, anxiety-free, and guilt-free perspective on money, empowering them to achieve true wealth—both mentally and financially.

Do you feel like, even though you’ve got money, you’re constantly worrying or unable to keep a cent in your bank account? Steven provides practical tools to help you finally break free from an unhealthy money mindset.


In This Episode We Cover

How to find the “root” of your money fears and address it once identified

Why some people with extraordinary incomes struggle to save money

Healthy vs. unhealthy financial emotions and ways to stop feeling guilty about success

Tools to manage your emotions around money so you can truly enjoy your wealth

The “family fund” that empowers you to give generously without being taken advantage of

And So Much More!


Links from the Show

Mindy on BiggerPockets

Scott on BiggerPockets

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Email Mindy: Mindy@biggerpockets.com

Email Scott: Scott@biggerpockets.com

BiggerPockets Money Facebook Group

Steven’s Website

Steven’s Affirmations

Groove Money

Land More Off-Market Deals with Crucial Property Owner Contact Information from DealMachine

Grab Your Copy of “The Richest Man in Babylon (BiggerPockets Edition)"

Find an Investor-Friendly Agent in Your Area

How to Use Your Financial Fears to Build Wealth Better



(00:00) Intro

(01:13) 7 Maxed Out Credit Cards?!

(05:56) Teaching Others to Avoid His Mistakes

(07:34) Identifying Your Money "Root"

(10:08) Getting Out of Debt

(11:55) Financial Therapy

(16:28) Mental Money Challenges

(18:53) Healthy vs. Unhealthy Money Emotions

(22:24) What to Do AFTER FIRE

(25:46) Tools to Manage Money Emotions

(32:34) Family Asking for Money?

(38:34) Connect with Steven!



Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-600


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