2663: Breaking the Doom Spending Cycle by Sara Stanizai of Prospect Therapy on Developing Healthy Coping

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2663: In this episode, Diania Merriam shares Sara Stanizai's post from ProspectTherapy.com, addressing the pervasive issue of doom spending in 2024. Sara explores the connection between anxiety and impulsive spending, defining doom spending as a harmful coping mechanism. The post provides insights into breaking this cycle by understanding its roots and offering practical, healthy coping strategies to manage anxiety effectively. Read along with the original article(s) here: https://www.prospecttherapy.com/blog/2023/12/1/ky0iiakglgb3uj9id5szt1vwa7ics1-wgbhf-c68kj Quotes to ponder: "Doom spending is a term used to describe the pattern of compulsive or impulsive buying driven by feelings of anxiety, stress, or a sense of impending doom." Learn more about your ad choices. Visit megaphone.fm/adchoices

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Optimal Finance Daily, hosted by Diania Merriam, the innovative mind behind the personal finance conference EconoMe, takes you on an enlightening journey through the world of personal finance. Each episode brings to life the most compelling and practical advice from leading financial bloggers and experts. Diania’s engaging narration and insightful commentary transform complex financial concepts into relatable, actionable insights. Whether it’s budgeting, investing, debt management, or money mindfulness, she covers it all, making financial wisdom accessible to everyone. Gain not just knowledge, but also the motivation to apply it in your daily life. It's not just a source of personal finance tips; it’s a daily companion that guides you towards financial independence and savvy money management, all delivered with Diania's trademark enthusiasm and expertise. By focusing on early retirement, financial independence, and saving money, each episode provides you with the tools needed to achieve your financial goals. This podcast is designed for those passionate about personal finance, early retirement, financial independence, and saving money. It’s your go-to source for practical advice on managing your finances, saving money, and working towards early retirement. Each episode offers actionable steps to foster financial independence and secure your financial future. Listen now, and become an OLD friend--your optimal life awaits...