Ep.032: Most Common Emotional Challenges of High-Income Earners With Money
Thu Jan 29 2026
Summary of Episode
In this episode of the Millennial Money Canada podcast, hosts Guillaume Girard and Sam Lichtman explore the emotional challenges clients face regarding money. They discuss the scarcity vs. abundance mindset, the disbelief in success, and the guilt associated with spending. The conversation emphasizes the importance of financial planning, communication in relationships, and the mental toll of managing finances. The hosts also highlight the need for mindfulness and gratitude in wealth creation, and the significance of recognizing one's limitations and seeking help when necessary.
Topics Covered in this Episode
00:00 Introduction to Emotional Challenges with Money
03:06 Scarcity and Abundance Paradox
09:49 Disbelief in Success and Its Impact
20:51 Reorienting to an Abundance Mindset
29:28 Guilt and Paralysis Around Spending
30:24 The True Cost of Not Planning Financially
31:00 Guilt and Anxiety Around Spending
35:38 Decision Fatigue and Disorganization
49:28 The Physical and Mental Toll of the GrindSubscribe to our NewsletterThe Weekly Brief: https://www.mwadvisors.ca/newsletter-guillaume
Millen Wealth AdvisorsVisit our Website: https://www.mwadvisors.ca/Podcast YouTube Channel: https://www.youtube.com/@MillennialMoneyCanadaPodcast
Follow Guillaume on Social MediaGuillaume’s Instagram: https://www.instagram.com/financialplannergui/Guillaume LinkedIn: https://www.linkedin.com/in/guillaume-girard-cfa-cfp-08487170/
Follow Sam on Social MediaSam’s TikTok: https://www.tiktok.com/@millennialmoneycanada?lang=enSam’s LinkedIn: https://www.linkedin.com/in/sam-lichtman/
Keywords
Emotional challenges, money mindset, financial planning, wealth management, scarcity mindset, abundance mindset, spending guilt, decision fatigue, financial organization, mental health
More
Summary of Episode In this episode of the Millennial Money Canada podcast, hosts Guillaume Girard and Sam Lichtman explore the emotional challenges clients face regarding money. They discuss the scarcity vs. abundance mindset, the disbelief in success, and the guilt associated with spending. The conversation emphasizes the importance of financial planning, communication in relationships, and the mental toll of managing finances. The hosts also highlight the need for mindfulness and gratitude in wealth creation, and the significance of recognizing one's limitations and seeking help when necessary. Topics Covered in this Episode 00:00 Introduction to Emotional Challenges with Money 03:06 Scarcity and Abundance Paradox 09:49 Disbelief in Success and Its Impact 20:51 Reorienting to an Abundance Mindset 29:28 Guilt and Paralysis Around Spending 30:24 The True Cost of Not Planning Financially 31:00 Guilt and Anxiety Around Spending 35:38 Decision Fatigue and Disorganization 49:28 The Physical and Mental Toll of the GrindSubscribe to our NewsletterThe Weekly Brief: https://www.mwadvisors.ca/newsletter-guillaume Millen Wealth AdvisorsVisit our Website: https://www.mwadvisors.ca/Podcast YouTube Channel: https://www.youtube.com/@MillennialMoneyCanadaPodcast Follow Guillaume on Social MediaGuillaume’s Instagram: https://www.instagram.com/financialplannergui/Guillaume LinkedIn: https://www.linkedin.com/in/guillaume-girard-cfa-cfp-08487170/ Follow Sam on Social MediaSam’s TikTok: https://www.tiktok.com/@millennialmoneycanada?lang=enSam’s LinkedIn: https://www.linkedin.com/in/sam-lichtman/ Keywords Emotional challenges, money mindset, financial planning, wealth management, scarcity mindset, abundance mindset, spending guilt, decision fatigue, financial organization, mental health