Episode•September 26, 2019•13 min

Money and Ancestry with Eugenie George (Live at FinCon) | Ep. 11

Recorded live at FinCon 2019, Tiffany and Eugenie talk ancestry and how that plays a pivotal role in your finances. Trauma from previous generations can carry through to the current and future generations. Being aware of the trauma is your first defense against carrying it on. Listen as we dig deep! About Our Guest Eugenie George, MBA, CFEI is a financial educator, author, founder and host of Money and Flow, a podcast to help with listeners with finance questions. She is also a keynote speaker on equity and Millennial money engagement in the workplace. As a former teacher, she brings excitement to the stage with engaging stories and data that can help multigenerational bridge together the Millennial gap. Eugenie ( u-jin-nay) uses her over 10+ plus years’ experience in tech, education, and finance to lead high-achieving women and women of color understand their money habits. Eugenie uses non-traditional ways of understanding business and personal goals because no taught anyone the true skills of money. A master at mindset through Eugenie teaches and coaches a wide range of individuals and her genius has created a new method of money through research, practice, and creativity, taking the anxiety around math and money to work for you through her Money Ancestral Archetype ™ Eugenie is a full-time business owner, financial planning student, financial educator, lover of yoga and comedy. When she's not studying or working out, she's watching an abnormal amount of dance choreography videos. You can find more about her new book Our Money Stories at Money and Flow. Follow her on Twitter: @_eugeniegeorge Follow her on Instagram: @_eugeniegeorge Like her on Facebook: https://www.facebook.com/eugeniegeorge Links Visit our website: https://www.moneytalkwitht.com Eugenie's website: https://eugeniegeorge.com Sponsor Decluttr specializes in buying your used CDs, DVDs, Blurays and Games to help you make room and money! With Decluttr you can enter your items barcodes into our valuation engine and we'll give you an instant offer. Alternatively, you can download the FREE app (available on Android and IOS) and scan your items with your smartphone's camera. You'll need to enter a minimum of 10 items or have an overall value of $5 to complete your order. Then you simply pack all your items into a box and then ship your items to us for free! When we receive your items, we'll pay you on the next business day. Be sure to use code: MONEYTALK5 at checkout for $5 off a purchase OR $5 added to your sale. Connect with Tiffany on Social Media Facebook: Money Talk With Tiff Twitter: @moneytalkwitht Instagram: @moneytalkwitht LinkedIn: Tiffany Grant YouTube: Money Talk With Tiff Channel Pinterest: Money Talk With Tiff This podcast uses the following third-party services for analysis: Podcorn - https://podcorn.com/privacy OP3 - https://op3.dev/privacy

Apple Podcasts Spotify YouTube Overcast Amazon Music

Key Takeaways

1
Ancestral trauma significantly influences current financial behaviors and money habits
Patterns in money management stem from family history and environment spanning multiple generations
Studies on Holocaust survivors showed descendants experiencing similar stress, depression, and anxiety even without direct exposure
Post-traumatic slave syndrome affects African-American financial behaviors, with many only 4-5 generations removed from slavery
2
Incarceration rates in the Black community create ripple effects on family finances
One in three African-American men face incarceration risk, disrupting family financial structures
This creates predominantly one-sided financial decision-making in households
Prison culture influences mainstream culture, including financial messaging and behaviors
3
Financial wellness requires addressing both ancestral patterns and practical money skills
Mindset work alone isn't enough; practical actions like tracking cash flow are essential
Understanding ancestral trauma helps identify root causes of financial behaviors
Writing down numbers and tracking finances remains critical regardless of mindset work
4
Reframe budgeting as cash flow management for a more empowering perspective
Focus on understanding where money comes from and where it flows to
This approach reduces anxiety around traditional budgeting methods
Combines with wellness practices like yoga for holistic financial health

Intro

Recorded live at FinCon 2019, Tiffany Grant interviews Eugenie George about how ancestral trauma and family history shape our financial behaviors and money stories.
Eugenie George, MBA, CFEI is a financial educator, author, and founder of Money and Flow podcast. She created the Money Ancestral Archetype™ method and authored 'Our Money Stories: Your Financial Wellness Plan Through an Ancestral Lens.'

Eugenie's Website Money and Flow Twitter Instagram Facebook

– Opening and Guest Introduction

Tiffany introduces the live recording from FinCon 2019 and welcomes Eugenie George from the Money & Flow podcast.

– Ancestry and Financial Patterns

Eugenie explains how all financial patterns stem from family and environment, going beyond simple mindset work.

Every pattern that you have, past or present, it's always based off of your family, your environment.
– Eugenie George

– The Holocaust Study and Intergenerational Trauma

Eugenie discusses research showing descendants of Holocaust survivors experiencing similar stress and anxiety patterns, sparking her interest in ancestral financial trauma.

You can have the same type of stress that your grandmother had... forms of depression, forms of anxiety.
– Eugenie George

– Post-Traumatic Slave Syndrome and African-American Finances

Eugenie explores how slavery trauma affects Black financial behaviors, noting many are only 4-5 generations removed from slavery.

I'm still only four to five generations away from slavery. So it was like a big piece to understand why does that affect our money habits.
– Eugenie George

– Incarceration's Financial Impact

Discussion of how the 1-in-3 incarceration rate for Black men disrupts family finances and creates one-sided financial decision-making.

When I interviewed a lot of women, that really shakes the core of your money story.
– Eugenie George

– Money and Flow Podcast Philosophy

Eugenie explains her podcast combines cash management with wellness practices, focusing on financial wellness and healthy spending habits.

The cash part is like the I'm not getting got with my money. And then the vinyasa flow is like the California side.
– Eugenie George

– Cash Flow vs. Budgeting

Eugenie advocates for 'cash flow' terminology over 'budgeting' and emphasizes tracking numbers alongside ancestral work.

I never tell people budget. I always say cash flow. So I'm always like, just where's your money coming and flowing.
– Eugenie George

Books Mentioned

Our Money Stories: Your Financial Wellness Plan Through an Ancestral Lens by Eugenie George
Mindset by Carol Dweck

Resources

Topics

ancestral traumafinancial wellnessintergenerational wealthmoney mindsetAfrican-American financespost-traumatic slave syndromecash flow management financial educationfamily money storiesholistic finance