Financial Empathy & How Systems Influence Our Decisions w/ Dr. Michael Thomas

https://is1-ssl.mzstatic.com/image/thumb/Podcasts126/v4/01/88/10/01881000-372f-57ef-2722-c2de5135fb61/mza_14338841668579146678.jpg/600x600bb.jpg

AFO|Wealth Management Forward

For Entrepreneurs, Financial Advisors and Accountants

217 episodes

5 days ago

AFO|Wealth Management Forward is a podcast at the intersection of accounting, wealth management, behavioral finance, technology, and entrepreneurship. Designed for CPAs and financial advisors to help them grown their practice by going beyond the numbers. Each episode features conversations with industry leaders and subject matter experts who share the secrets to their success. From the transformative power of AI to the human-first principles of behavioral finance, we dive into the emotional and psychological aspects of money and meaning.

Business

RSS

All content for AFO|Wealth Management Forward is the property of For Entrepreneurs, Financial Advisors and Accountants and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.

Business

https://d3t3ozftmdmh3i.cloudfront.net/staging/podcast_uploaded_episode/11243195/11243195-1738278085576-d28f793c99ee5.jpg

Financial Empathy & How Systems Influence Our Decisions w/ Dr. Michael Thomas

AFO|Wealth Management Forward

45 minutes 33 seconds

9 months ago

Financial Empathy & How Systems Influence Our Decisions w/ Dr. Michael Thomas

In this episode, Rory speaks with Dr. Michael Thomas, lecturer at the University of Georgia, accredited financial counselor, and author of Black Financial Culture: Building Wealth from the Inside Out. Known for his TED Talk on financial empathy, Dr. Thomas explores how financial decisions are shaped not just by personal choices but by the systems we navigate—familial beliefs, societal norms, technological influences like social media algorithms, and even the way physical environments encourage spending. Discover how financial socialization—the way we inherit money beliefs—impacts behaviors, and why financial empathy, incorporating cognitive, emotional, and compassionate understanding, is essential for building trust. Dr. Thomas also shares the NURSE acronym (Name, Understand, Respect, Support, Explore), a powerful framework for financial advisors to deepen client relationships and foster behavioral change. Learn why businesses leverage psychological triggers to influence spending habits, how advocacy can drive financial literacy reform, and how financial professionals can move beyond just education to empower real action. Are you curious about how systems shape our behaviors? Want to learn how financial empathy can help clients overcome shame and take control of their financial future? Find out the answers to these questions and more in this engaging and thought-provoking conversation with Dr. Michael Thomas.

Book: Black Financial Culture: Building Wealth from the Inside Out

https://www.amazon.com/Black-Financial-Culture-Building-Wealth-ebook/dp/B0BY1SLHRJ

Hire Dr. Michael:

https://www.modomsolutions.com/