Inner Wealth: The Psychology of Financial Stability

With Dr. Moira Somers | Psychologist | Family Wealth Consultant | Author |


In this insightful conversation, Dr. Moira Somers offers insights on how to enhance our financial stability. She discusses the intricate relationship between money and health, stressing the significance of financial well-being and its impact on our overall health. Dr. Somers emphasizes the need for a paradigm shift in the financial services sector, advocating for a more empathetic and supportive approach. She highlights the pivotal role of self-reflection and social support in achieving financial stability and sheds light on how our personality traits and self-belief influence our financial decisions. Dr. Somers brings such a calming yet thought-provoking tone to the conversation. Every time I speak with her, I find myself thinking deeply about whichever topic we discuss, and I hope you feel the same after listening to this conversation.


  • Financial stability is crucial for overall well-being and can have a significant impact on health.
  • Financial advisors play a key role in helping clients achieve stability by understanding their unique circumstances and building on their existing financial skills.
  • Both financial advisors and clients need to take a good look at themselves and have confidence in their abilities to make smart money choices.
  • Stress can significantly impact financial decision-making.
  • Practicing self-care and seeking support are important strategies for managing financial stress.
  • Financial advisors play a vital role in helping individuals achieve financial wellness.
  • There is a strong connection between mental health and financial wellness.


  • 01:33 The Relationship Between Money and Health
  • 03:03 The Impact of Money on Well-Being
  • 08:32 The Goal of Financial Stability
  • 14:08 Building Financial Stability
  • 20:11 The Impact of Financial Stability on Individuals
  • 23:08 The Need for Self-Reflection
  • 31:04 The Importance of Self-Efficacy
  • 37:49 The Power of Social Support
  • 43:30 Moving Beyond Stability to Thriving
  • 50:30 The Importance of Financial Wellness


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