Episode 11: The Emotional Side of Money
On this episode, I chat with Alex Langan, Chief Investment Officer at Langan Financial Group. Alex dishes on crucial money matters affecting everyone – from staggering statistics on how finances impact mental health to the fact that a majority of Americans lack adequate savings. He emphasizes seeing money as a tool rather than the end goal, destigmatizing financial struggles, and provides actionable tips like tracking expenses and understanding necessary vs. discretionary spending. We also dive into reducing financial arguments in relationships and small steps for building a healthier financial future. Join us as we spark new insights and better money habits together!
Episode Chapters
00:28 Meet Alex Langen: Financial Expert
01:36 The Importance of Money Conversations
02:07 Shocking Money Statistics
05:10 Understanding Money as a Tool
06:46 Practical Money Management Tips
08:31 Tracking Spending and Budgeting
18:22 Misconceptions About Money
21:10 Exploring Money Market Accounts
21:24 Misconceptions About Financial Security
21:39 Financial Disputes and Divorce
22:21 Approaching Financial Conversations with Your Spouse
25:37 Conventional Wisdom About Money
27:46 The Future of AI in Financial Planning
31:21 Transitioning from Law to Finance
33:26 Helping Others with Financial Planning
36:31 Resources for Financial Education
38:16 Final Thoughts and Takeaways
Episode Resources
Connect with Alex Langan on LinkedIn
Learn more about Langan Financial
Book Recommendation: "Rick Dad Poor Dad" by Robert Kiyosaki
Financial Management Tool Recommendation: Tiller
Episode Guest
About Alex Langan J.D.
Alex is the Chief Investment Officer of Langan Financial Group, an award-winning financial planning and wealth management firm with over 100+ 5-star reviews that serves both individuals and organizations. Alex is the second generation in the family business and oversees strategic direction, investments, and advisor development.
He has been featured in numerous news and media outlets providing financial insights, including: GoBankingRates, MarketWatch, Yahoo Finance, ABC 27, and more.
Alex has a Doctor of Law from Widener University, spends his time as an adjunct professor of law, board member of several local non-profits, and is a husband an father of three.