Financial freedom is a goal for many of us. We want to have enough money, savings, and investments to live the life we want without being stressed. But what if we have no control over our own money?
When money is being controlled by others, financial abuse happens. Just like domestic violence, it frequently occurs in toxic and unhealthy relationships.
How can you recognize financial abuse and how can you protect yourself from it?
In this episode, Melanie talks with Leslie Tayne, Esq. about financial abuse.
Leslie is an author and award-winning financial attorney. She is the founder and director of Tayne Law Group, P.C., headquartered in Melville. She had built a reputation as a leading financial debt professional while raising three kids on her own.
Leslie shares how she experienced financial abuse and how the abuse affected her physical and mental well-being and what she did to escape from it.
She shares how to recognize the red flags so you can protect yourself from abuse. Also, she gave advice on how to recover after being financially abused.
What You Will Learn From This Episode
- Signs of financial abuse and how the abuse may manifest in your body as sickness
- What you can do to get out of and recover from financial abuse
- Ways to protect yourself from financial abuse
- How you should answer your children’s questions about money and finances
- What is gaslighting and how it’s being used for financial abuse
“Don’t be afraid to early on to say you’re recognizing things that are making you feel uncomfortable and making you change the way you do things. Be aware of your boundaries and of your vulnerabilities.”
– Leslie Tayne
“If you listen to your body, it will be the first sign that there’s something wrong and you can definitely heal things through understanding what ailments you’re having in your body.”
– Leslie Tayne
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Timestamps
2:34 – What is financial abuse and how it affects other aspects of your life
4:10 – Leslie’s story on financial abuse
10:05 – Different signs of financial abuse
13:38 – How the abuse affected Leslie’s physical and mental well-being plus how you should handle your children’s questions about money and finances
15:55 – What Leslie did when she started realizing she was being financially abused
18:06 – What is gaslighting and how it’s being used for financial abuse
19:43 – What triggered Leslie to end her marriage
20:43 – The importance of knowing your boundaries and vulnerabilities to protect yourself from abuse
25:11 – How Leslie organized her finances after the divorce
27:45 – Trusting yourself and others to help you get through the abuse
31:05 – Why some people want to repeat the traumatic or abusive events in their lives (called repetition compulsion) and how to overcome it
34:55 – Leslie’s advice on money and mental health
Resources:
Connect with Leslie
Connect with Melanie
- mentalhealthandwealth.com
- melanielockert.com
- Contact: mentalhealthandwealthshow@gmail.com
