How can the Jewish community live with wealth without the addiction of consumption jeopardizing our mental health?Meet Dr. Debra Alper who wrote a fantastic article on the topic here: https://18forty.org/articles/affluence-money-mental-health/We had an enlightening conversation with Dr. Alper, a seasoned clinical psychologist, who dives deep into the complex relationship between financial stress and mental health.She sheds light on how societal pressures and personal financial management can significantly impact our psychological well-being. She offers practical advice for families on educating young adults about finances without instilling fear.She explores the concept of self-worth beyond financial success, providing valuable insights into living a more fulfilled and balanced life.Whether you're dealing with financial anxiety or looking to understand the broader societal impacts of wealth, this discussion is a must-watch!Contact: dalper@kadimapsyc.com and https://www.kadimapsyc.com/✬ SPONSORS OF EPISODE 71 ✬► COLEL CHABAD: Please help Israel as the country and its people need all the help they can get! Visit https://www.ColelChabad.org/KosherMoney to make a much-needed donation!► TWILLORY: Get $18 OFF your first purchase of absolutely comfortable clothing for today's casual professional look. Use code CHAI at https://Twillory.com/KosherMoney► THE DONOR'S FUND: More people are using this banklike system for charity. With a sleek mobile app or desktop solution, you can keep all your charity giving in a single place, plus there are about a dozen additional perks. Get your account here: https://thedonorsfund.org/koshermoneyCHAPTERS:0:00 Intro1:02 Meet Dr. Alper1:47 Finance and Mental Health3:49 Finance Education for Children7:38 Financial Rat Race10:38 Communal Effect on Finances13:44 Colel Chabad14:55 Financial Transparency17:22 Shame and Finance 19:25 Reasons for Overspending 20:50 Social Comparisons23:10 Social Standards27:46 Twillory28:48 Self Worth & Net Worth30:27 Writing 18Forty Article 31:37 Tech, Social Media, Finance, & Mental Health36:12 Tech Education for Children39:04 The Donors Fund41:08 Spendings and Values46:07 The Field of Psychology  50:21 Attitude Towards Money Over Time52:41 Thank You, Dr. Alper52:54 Outro✬ Donate and Inspire Millions (Tax-Deductible) ✬Your generous donation enables us at Living Lchaim to share uplifting & insightful content! https://www.livinglchaim.com/donateFollow Kosher Money for Bonus Shorts:TikTok - https://www.tiktok.com/@koshermoneypodInstagram - https://www.instagram.com/koshermoneypodFollow Living Lchaim for More Goodies:TikTok - https://www.tiktok.com/@livinglchaimInstagram - https://www.instagram.com/livinglchaim/Facebook - https://www.facebook.com/livinglchaimLinkedIn - https://www.linkedin.com/company/living-lchaimFree Call-In-To-Listen Hotline:USA: 605-477-2100UK: 0333-366-0154ISRAEL: 079-579-5088Need financial guidance? Get help from our friends at https://LivingSmarterJewish.org/WhatsApp feedback to 1-914-222-5513All investment strategies and investments involve risk of loss. Nothing contained in our content, ads and videos should be construed as investment or actual life advice.#KosherMoney #KosherMoneyPod #Money #JewishMoney #MentalHealth Hosted on Acast. See acast.com/privacy for more information.