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 break generational cycles, heal the father wound, and become a better husband and dad.
You swore you'd be a different kind of father than the one who raised you. Then one day you caught his words and tone coming out of your mouth. You felt the same distance creep in at home, and wondered how much of him you're still carrying despite the promise you made to yourself.

Living Fearless Today is a podcast for men who are done repeating the patterns they grew up with. Host Mike Forrester has stood where you're standing. Every week he brings honest conversations and practical tools for the parts of a man's life that rarely get said out loud: the father wound you never named, the anger that shows up with the people you love most, the marriage that's gone quiet, and the man you still want to become.

The show helps you understand the past that shaped you. Then you take an honest look at where you stand today as a husband, a father, and a man. From there you start building the future you actually want, one choice at a time, instead of drifting into the one you were handed and currently living out.

Episodes cover identity, anger, shame, marriage and fatherhood, relationships, self-worth, courage, emotional intelligence, legacy and purpose, and the brotherhood that the vast majority of men are missing. If you've looked for how to break generational cycles, face a father wound, handle anger as a dad, or become a better husband and father, start here.

The cycle can end with you. Press play and take the first step toward becoming the man you needed when you were young.

About your host

Profile picture for Mike Forrester

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.