In a highly informative episode of ADHD Support Talk Radio, co-host Lynne Edris is joined by Ryan Mayer to discuss the common challenges that adults with ADHD face when it comes to finance and money management. Titled “Defeating Your ADHDebt,” the episode sheds light on the reasons behind these struggles and provides practical strategies to help individuals regain control of their finances.
The conversation begins with an exploration of the unique difficulties that adults with ADHD encounter in the realm of finance. Lynne and Ryan discuss how ADHD symptoms, such as impulsivity, inattention, and difficulties with planning and organization, can significantly impact financial decision-making and management. They highlight the importance of understanding the underlying factors contributing to financial challenges in order to develop effective strategies for improvement.
Throughout the episode, Lynne and Ryan emphasize the significance of mindset and self-awareness in overcoming financial struggles. They discuss the role of negative beliefs and self-perceptions, such as feeling overwhelmed, inadequate, or incapable of managing money effectively. By addressing these underlying thoughts and emotions, individuals can begin to shift their mindset and develop a more positive and proactive approach to their finances.
The co-hosts delve into various strategies and techniques to help individuals with ADHD gain control over their finances. They emphasize the importance of setting clear financial goals and developing a budgeting system that works for each individual’s unique needs and circumstances. Lynne and Ryan discuss the value of automation and leveraging technology to simplify financial tasks and reduce the cognitive load associated with money management.
Furthermore, the episode explores the importance of establishing routines and habits that support healthy financial behaviors. Lynne and Ryan highlight the role of consistency in maintaining financial stability, such as regularly reviewing expenses, tracking income and spending, and staying organized with financial documents. They provide practical tips on how to implement these routines and make them a sustainable part of one’s lifestyle.
The co-hosts also address the issue of impulsive spending and offer strategies to overcome this common challenge. They discuss the concept of “pause and reflect” when making purchasing decisions, giving individuals with ADHD the opportunity to assess whether a purchase aligns with their values and financial goals. They delve into the importance of creating barriers to impulsive spending, such as using cash instead of credit cards or implementing a waiting period before making non-essential purchases.
Additionally, the episode touches upon the significance of seeking support and guidance in navigating financial challenges. Lynne and Ryan encourage individuals with ADHD to reach out to professionals, such as financial advisors or coaches, who specialize in working with individuals with ADHD. They discuss the value of accountability and how having a support system can provide motivation, guidance, and assistance in achieving financial goals.
Throughout the episode, Lynne and Ryan provide real-life examples and success stories to inspire and motivate listeners. They share personal experiences and lessons learned, creating a relatable and encouraging atmosphere for individuals who may be struggling with their finances. By showcasing the journey of others who have overcome similar challenges, they offer hope and demonstrate that financial success is attainable with the right strategies and mindset.
In conclusion, “Defeating Your ADHDebt” is a valuable resource for adults with ADHD who are seeking to gain control over their finances. Through a combination of mindset shifts, practical strategies, and seeking professional support, individuals can overcome financial challenges and develop healthy money management habits. Lynne Edris and Ryan Mayer provide actionable insights and guidance, empowering listeners to take charge of their financial well-being and achieve greater financial stability and success.
Ryan Mayer: Certified ADHD Coach Ryan Mayer works with busy people who are tired of feeling like they are falling short at work and at home. Ryan knows (first hand) the challenges that ADHD brings to all aspects of our lives, because that is how he is wired as well. His mission is to be a Beacon of Hope, helping others navigate through the storms caused by ADHD. He empowers his clients to believe in themselves again, through empathy, enthusiasm, and education. Ryan lives in (tropical) Cleveland, OH with his amazing wife Andrea and their two adorable children. www.RyanMayerCoaching.com
Plus… Ryan would like to generously offer 50% off of the webinar he is having on Friday, 11/12/21 for our listeners. Follow the link below and enter “SupportTalk50” at checkout for 50% off. Sign up for “How to Manage Your Money (Despite Your ADHD)” here: https://bit.ly/ADHDMoney
Podcast Co-Host Lynne Edris helps overwhelmed professionals take control of their time and tackle their to-dos with ease so they have more time, more energy, and more money for what they love most! As a woman with ADHD herself, she has been where her clients are and come out the other side, so to speak. She’s gone from living in a constant state of chaos and under-performance to a life full of success and fulfillment, and wants to help you achieve your version of success as well! Learn more about Lynne at www.CoachingADDvantages.com, and sign up for the free Time to Thrive!© group program at www.TimeToThriveGroup.com
ADHD Support Talk Radio is an award winning Podcast for Adults with ADD / ADHD. Co-hosts Tara McGillicuddy and Lynne Edris are joined by Adult ADHD experts and they cover important topics related to Adult ADD / ADHD. Podcast guests include Dr. Edward Hallowell, Dr. Stephanie Sarkis, Dr. Ari Tuckman, Laurie Dupar, Terry Matlen and many more.
Tara McGillicuddy is the Producer, Owner and Co-host of the ADHD Support Talk Radio Podcast. You may contact Tara with general questions or feedback about the podcast.
Lynne Edris is the Co-host of the ADHD Support Talk Radio Podcast. You may contact Lynne with feedback about her episodes.