March 23, 2012

Managing Your Money Disorder

Do you have a dysfunctional relationship with your money? It may not be your fault. We’ll find out how you can take control of your money so it doesn’t control you. Then, the chilling story of two young men from the same neighborhood with the same name; Why does one become a Rhodes Scholar, and the other a cold blooded killer?

Episode Segments:

InfoTrak: Mind Over Money Clinical psychologist Dr. Brad Klontz, co-author of Mind over Money: Overcoming the Money Disorders That Threaten Our Financial Health believes that many self-destructive financial behaviors are caused not by a lack of knowledge or willpower, but from subconscious forces that lie beneath our awareness. He talked about the latest research into money disorders and what people can do to improve their relationship with money.
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InfoTrak: The Two Wes Moores Wes Moore, author of The Other Wes Moore: One Name, Two Fates was the first African-American Rhodes Scholar from Johns Hopkins University and is a combat veteran of Afghanistan. Another young black man from his Baltimore neighborhood was also named Wes Moore, but he chose a life of crime and violence, and is now serving a life sentence in prison. He talked about the many similarities in their lives and discussed the roles that violence, drugs, single mothers, uninformed choices and luck played in the vastly different paths their lives took.
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InfoTrak: Analyzing the Grown Up Brain The entire baby boom generation has advanced well into middle age now. Barbara Strauch, author of The Secret Life of the Grown-up Brain: The Surprising Talents of the Middle-Aged Mind discussed the effect of aging on the brain. Her study of the latest scientific research found that the human brain reaches its peak in middle age. She explained why, and offered simple suggestions to maintain mental sharpness.
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Links to Related Websites:

The Other Wes Moore: One Name, Two Fates Two kids with the same name, liv ing in the same city. One grew up to be a Rhodes Scholar, dec o rated com bat vet eran, White House Fel low, and busi ness leader. The other is serv ing a life sen tence in prison for felony mur der. Here is the story of two boys and the jour ney of a generation.

Mind Over Money The father and son Klontz duo (coauthors of Wired for Wealth) combine psychology, self-help, financial know-how and practical advice in this study of how money affects us emotionally and psychologically.

Guest(s) Appearing on this Episode

Brad Klontz Dr. Brad Klontz is the co-founder of Your Mental Wealth™. He is a clinical psychologist, addictions specialist, consultant, speaker, peak performance coach, researcher, author, and internationally recognized expert in financial psychology. Dr. Klontz was awarded the 2009 Innovative Practice Presidential Citation from the American Psychological Association due to his application of psychological interventions to help people with money and wealth issues and his innovative practice in financial psychology for practitioners across the country. He was also selected as Wright State University's 2010 Outstanding Alumnus of the School of Professional Psychology. He is a former President of the Hawaii Psychological Association and serves as the President of Coastal Clinics, Inc. based in Hawaii, which provides psychological services to children and families through the Hawaii Department of Education and Department of Health. Dr. Brad Klontz was also named Associate Research Professor at Kansas State University, where they have a master's program in family financial planning . He's also a Principal Investigator and research associate for Northwest Media, Inc., which creates innovative social learning and educational products for at-risk youth, parent training, and service providers. Leveraging his expertise in working with parents and teens, H&R Block is partnering with Dr. Klontz to help teach teens financial fitness and prepare for life after high school in the Dollars & Sense personal finance in-school curriculum and online resource center. In addition to being an accomplished researcher in the psychology of money, with Dr. Ted Klontz he co-authored Mind Over Money, Wired for Wealth, The Financial Wisdom of Ebenezer Scrooge, and Facilitating Financial Health. He's also been featured on ABC News' 20/20, Good Morning America, and in USA Today, The Wall Street Journal, New York Times, Washington Post, Los Angeles Times, Time, Real Simple, NPR Marketplace, Mint.com and hundreds of other national and international media outlets and professional magazines and journals, including his "Mind Over Money" blog for Psychology Today. He is a sought after speaker on the topic of the psychology of money with both financial services and counseling audiences. Click here to visit his website

Wes Moore Wes Moore is a youth advocate, Army com bat veteran, promising business leader and author. Wes graduated Phi Theta Kappa as a commissioned officer from Valley Forge Military College in 1998 and Phi Beta Kappa from Johns Hopkins University in 2001 with a bachelor’s degree in International Relations. At Johns Hopkins he was honored by the Maryland College Football Hall of Fame. He completed an MLitt in International Relations from Oxford University as a Rhodes Scholar in 2004. Wes was a paratrooper and Captain in the United States Army, serving a com bat tour of duty in Afghanistan with the elite 1st Brigade of the 82nd Air¬borne Division in 2005–2006. Wes spear headed the American strategic sup¬port plan for the Afghan Reconciliation Program that unites former insurgents with the new Afghan Government. He is recognized as an authority on the rise and ramifications of radical Islamism in the Western Hemi sphere. A White House Fellow from 2006–2007, Wes served as a Special Assistant to Secretary of State Condoleezza Rice. Following his time at the White House, Wes became an investment professional in New York at Citigroup, focus ing on global tech¬nology and alternative investments. In 2009 he was selected as an Asia Society Fellow. Moore was named one of Ebony magazine’s “Top 30 Leaders Under 30” for 2007 and Crain’s New York Business’ “40 Under 40 Rising Stars” in 2009. Click here to visit his website

Barbara Strauch Barbara Strauch is deputy science editor of The New York Times in charge of health and medical science. She is the author of two books, “The Secret Life of the Grown-up Brain,’’ on the surprising talents of the middle-aged mind, published in April 2010, and “The Primal Teen,’’ on the teenage brain. Ms. Strauch has been a writer and editor for 35 years, covering everything from City Hall to medicine and space shuttle missions at newspapers in New York, Boston and Houston. As Deputy Science Editor, she also coordinates health coverage throughout The New York Times and helps oversee the paper’s new health website. She started at The Times as the media editor 15 years ago. She was an assistant editor on the National Desk for several years, before moving to the Science Department to run the paper’s health and medical coverage. Before joining The Times, she was senior editor at Newsday, where she was a reporter and then directed Pulitzer-prize winning New York City coverage. She was also business editor and deputy city editor. She was graduated from the University of California at Berkeley. She lives in Westchester County, New York with her husband and two daughters. Click here to visit her website