Episode 320

The Disastrous Impact Of Emotional Spending in Personal Finance with MIlad Rahnama

Published on: 30th July, 2024

Are you struggling with emotional spending and looking for a way out of personal finance chaos? Milad Rahnama reveals his personal journey of transformation, showing how shifts in mindset led to a life-changing ripple effect. He talks about the strategies that allowed him to take control of not only his finances but also his overall well-being.

Milad found himself $150,000 in debt, only having the energy and capacity for three hours of activity, getting divorced and at risk of losing his children. It was a definite wake-up call, yet what did Milad do differently when this situation caused so many other men to spiral out of control? In his own words, he had a mere 1% chance to change things and stay in his kids' lives and yet he fought to win that chance! Milad's story reminds us that even in our most challenging moments, we possess the ability to rewrite our stories and reclaim control. From overcoming emotional spending habits to finding balance and purpose, Milad's story is one of hope, courage, and the unwavering belief that it's never too late to rewrite the script of our lives.


In this episode, you will be able to:

  • Learning practical strategies to overcome emotional spending habits.
  • Uncovering the benefits of hiring a coach for personal growth.
  • Exploring the transformative journey of life after divorce and finding new beginnings.
  • Discovering effective ways to manage debt and achieve financial recovery.


The key moments in this episode are:

00:04:02 - Rock Bottom to Recovery

00:12:28 - Fighting for Change

00:17:13 - Finding Strength and Perseverance

00:19:06 - Importance of Support and Self-Care

00:28:17 - Addressing Financial Challenges

00:33:51 - Identifying Emotional Spending

00:39:44 - Changing False Beliefs About Money

00:43:27 - Investing in Personal Growth


Connect with Milad Rahnama

Website

https://www.raremovement.ca/

 

Instagram

https://www.instagram.com/alpha_fitnessdad/

 

Connect with Mike Forrester

Podcast Website

https://LivingFearlessTodayPodcast.com

 

Coaching Website

https://www.hicoachmike.com/

 

LinkedIn

https://www.linkedin.com/in/hicoachmike/

 

Youtube

https://www.youtube.com/@hicoachmike

 

Facebook

https://www.facebook.com/hicoachmike

 

Instagram

https://www.instagram.com/hicoachmike






Transcript
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About the Podcast

Living Fearless Today
Helping men live fully alive, boldly and courageously
Do you feel overwhelmed when making decisions? Struggle to take action in your personal life or career? Think you're alone in these situations? You're not! In fact, you're in good company. 
 
I'm Mike Forrester, host of the Living Fearless Today podcast. Join me as I interview other men who triumphed over their own adversities, learn how they did it and where they are today. So that whatever you're facing, know others fought the same battle and have conquered those challenges. They are now encouraging you and me to live our life boldly and courageously alongside them.
 
Let's disprove the lie that we're the only one who's going through this situation, that no one knows what it's like. You're not alone in the struggle you're working through. As men, we have more in common in our journey than you might want to believe.
 
Join me here each Tuesday for the interview and then again on Friday as I spotlight the lessons learned. How we can apply them to become the confident and courageous man we're wanting to be - for ourselves, our wife and our children.
 
Be sure to give a follow to the Living Fearless Today podcast on your favorite platform. I look forward to being with you during the next episode.

About your host

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Mike Forrester

Mike Forrester is a men's transformation coach, founder of the Living Fearless coaching programs, and host of the Living Fearless Today podcast. His insights, methods and stories of overcoming childhood trauma, dyslexia and loss of loved ones have been featured on various podcasts, including Hanging Onto Hope, Extreme Health, Own Your Life Own Your Career and Think Unbroken.