Episode 123 - Unpacking Money Habitudes with Cara Macksoud

In this episode, Cara Macksoud, CEO of Money Habitudes, joins Dr. Doug Brackmann and co-host Rachel Lebowitz to delve into the psychology behind our financial behaviors. Cara unpacks the complex relationship between money, attitudes, and habits, highlighting how our financial decisions are often motivated by deeper needs for validation and recognition. She discusses the evolving dynamics of money relationships between men and women, emphasizing the shifts that occur as women gain more financial independence.

Cara also stresses the importance of understanding one's personal motivations regarding money, particularly in entrepreneurship, where a clear understanding of financial motivations is crucial for success. She offers practical advice on teaching financial literacy to children, focusing on setting boundaries and fostering a healthy relationship with money from an early age. Additionally, Cara explores the concept of financial inflection points—key moments that shape our financial drive and motivation—and how these experiences impact our overall approach to money.

Through personal stories and expert insights, Cara underscores the significance of earning money and prioritizing meaningful experiences and relationships over material wealth. She ultimately encourages listeners to redefine their understanding of success and financial security in a way that aligns with their personal values, advocating for a more mindful and value-driven approach to money and life.