Ep 34: Stop CRUSHING Your Loved Ones' Dreams with MONEY!
Have you ever faced a decision—a career change, a big trip, a new hobby—and immediately heard a voice saying, "But what about the money?" In this crucial episode, we dive into the universal tension between the Money Path (the secure, sensible choice) and the Life Path (the choice that brings genuine vitality and soul). Inspired by Shabbar's story of his daughter choosing between a high-paying finance career and a passionate path in physiotherapy, we expose the silent, unconscious judgments that stop us—and our loved ones—from pursuing true fulfillment. We reveal why instinctively nudging someone toward a higher paycheck is often a response to our own financial fears, and how this seemingly "sensible" advice can inadvertently crush a dream and lead to years of unfulfilled work. In this episode, we discuss: How your own money stories and anxieties prevent us from supporting a loved one's passion. Why true success is measured by qualities (joy, fulfillment, energy) and not just quantities (salary, pension pot). Why taking time to "let go and explore" is a necessary and natural part of the life path, even if it feels terrifying. Simple, transformative questions we can ask to gently encourage a loved one's dream, validating their energy without shutting it down with a "money story." The best thing you can do to find your own path is to help someone else find theirs. Tune in and learn how to listen for the energy that truly matters. Explore the impact of Tim Malnick's work and register for his upcoming workshop at: https://timothymalnick.com/ Find out more about Shabbar's services at: https://lumosfinancial.com/ Feel free to comment, ask questions, and connect with them both on Linkedin at: https://uk.linkedin.com/in/shabbarkassam https://uk.linkedin.com/in/timmalnick
--------
41:13
--------
41:13
Ep 33: The 40% Inheritance Tax TRAP and What It Means For YOU
The Hidden Reason Why This Tax Makes You SO Angry 😡 Inheritance Tax (IHT) is the financial issue everyone despises, often called a "bloody unfair trap" that takes 40% of what you worked for. But what if your intense anger and deep sense of violation aren't actually about the tax rate at all? In this essential episode, we move beyond tax avoidance strategies to perform crucial emotional detective work. We dive into the profound psychological reasons why the "death tax" hits us so hard, exposing how it touches on our most sensitive fears about aging, mortality, and control. We explore the common, unconscious beliefs that keep people trapped: the illusion of the "heroic individual" who made all their wealth alone, and the fear that society is failing the next generation. In this episode, we explore: What emotion are you really feeling when you curse the taxman? (Hint: It's not just financial.) Why focusing intensely on protecting every penny is an unconscious way of mourning the loss of power and vitality. How acknowledging society's role in your success can liberate you from anger and allow you to give with a "warm heart." Stop letting this one tax control your feelings. Discover the mindset shift that allows you to manage your wealth with peace, purpose, and confidence, regardless of the percentage. Explore the impact of Tim Malnick's work and register for his upcoming workshop at: https://timothymalnick.com/ Find out more about Shabbar's services at: https://lumosfinancial.com/ Feel free to comment, ask questions, and connect with them both on Linkedin at: https://uk.linkedin.com/in/shabbarkassam https://uk.linkedin.com/in/timmalnick
--------
45:22
--------
45:22
Ep 32: Why You Won't Spend On Yourself
Part 4 (of 4) of our "SPENDING" Series. Do you find it easy to buy things for your kids, friends, or partner, but feel a crippling wave of guilt or shame when you spend money on yourself? This familiar tension between self and others is a core battle in our money lives, and it's sabotaging your financial peace. In this powerful episode, we dive deep into the emotional "why" behind this pattern. We expose the unconscious entanglements that make you feel like spending on yourself makes you a "bad parent" or "selfish." It's not about the money; it's about a hidden emotional contract you've made with yourself. We use the illuminating framework of Money Psychology to perform detective work on the judgments you fear—like being seen as unloving or greedy—and show you why these judgments are often entirely false. Understanding this truth is the first step toward financial liberation and achieving a balanced, joyful money flow. In this week's episode, discover: How overspending on your kids can be a desperate, unconscious attempt to prove you're a "good parent." Why placing everyone else's needs above your own leads to resentment and limits your overall life energy. The deeper reason you may struggle to allocate resources to yourself, and why recognizing your own importance is critical. Why learning to be deliberately, healthily "selfish" is necessary for your well-being and actually improves your relationships. Stop being held hostage by guilt. Learn to resource yourself with confidence so your tank is full and you can truly give back to the world. Explore the impact of Tim Malnick's work and register for his upcoming workshop at: https://timothymalnick.com/ Find out more about Shabbar's services at: https://lumosfinancial.com/ Feel free to comment, ask questions, and connect with them both on Linkedin at: https://uk.linkedin.com/in/shabbarkassam https://uk.linkedin.com/in/timmalnick
--------
43:16
--------
43:16
Ep 31: Data-Driven or Gut-Driven? How Do You MAKE PURCHASES?
"I need to feel a connection to the car, Dad." "But... it doesn't have Bluetooth." Shabbar's staring at specs, mileage, service history. His daughter's waiting for a car to "speak to her." He thinks she's being ridiculous. She thinks he's missing the point entirely. Turns out? They're both right. And both wrong! The questions we address in this episode: Are you making decisions with your head, your heart, or your gut? And what are you missing by ignoring the other two? In this essential episode, we expose the two opposing forces that secretly drive all your spending—from buying socks to purchasing a house—the rational (Thinking) approach and the deeply intuitive (Feeling) approach. We use real-life stories to show that relying on only one side of your intelligence is a recipe for financial dissatisfaction. Why does the "best deal" often lead to the worst experience? Tune in to discover: Your spending blindspot: Are you shutting down your gut intuition in favour of endless spreadsheets? The problem with perfection: Why the pursuit of the "optimal" purchase is making you miserable and anxious. The dangerous assumption that only measurable things matter - but how the energy you bring to a decision might actually affect the outcome. Tune in to today's episode to learn how to stop making unbalanced money choices, and access your "whole intelligence" to spend with confidence, peace, and real fulfilment. Explore the impact of Tim Malnick's work and register for his upcoming workshop at: https://timothymalnick.com/ Find out more about Shabbar's services at: https://lumosfinancial.com/ Feel free to comment, ask questions, and connect with them both on Linkedin at: https://uk.linkedin.com/in/shabbarkassam https://uk.linkedin.com/in/timmalnick
--------
40:54
--------
40:54
Ep 30: The 10-MINUTE EXERCISE That Fixed My Spending Problems Forever
Part 2 of the Spending Series gets practical: How do you decide where your discretionary money goes? Tim introduces a powerful exercise learned from coach Rich Litvin. The result? Crystal clarity on your true priorities—and permission to spend guilt-free on what matters while feeling relaxed about the rest. Shabbar shares a client story: Someone with plenty of money felt crushing guilt about going over budget on curtains for their home renovation. The real issue? An unconscious belief that exceeding budget = irresponsible. You'll explore: Why going "over budget" triggers shame even when you can afford it. The difference between intrinsic and extrinsic spending motivators. How to do the post-it note prioritization exercise (step-by-step). Why couples fight over money (hint: different values, not different numbers) Shabbar's dilemma: Golf holidays vs. pension contributions? Life-centered spending in action: Tim's Arsenal tickets, Shabbar's Himalayan trek. The insight: Budgeting shouldn't feel heavy. It should help you spend confidently on your top priorities while releasing guilt about everything else. Explore the impact of Tim Malnick's work and register for his upcoming workshop at: https://timothymalnick.com/ Find out more about Shabbar's services at: https://lumosfinancial.com/ Feel free to comment, ask questions, and connect with them both on Linkedin at: https://uk.linkedin.com/in/shabbarkassam https://uk.linkedin.com/in/timmalnick
Shabbar Kassam (Financial Advisor) and Tim Malnick (Organisational Psychologist) explore the complex relationship people have with money.
They discuss the psychological aspects of money and how it can block personal growth, reflecting on their own journeys with money and the emotional constraints it can impose.
Together, they aim to uncover deeper insights into everyday money conversations and the impact of unconscious biases on one's ability to live a life of freedom.
UK