Dave WordenTriumph Business Solutions · Founder

The Psychology of Money - and how to stop catastrophizing $themoneyhabit #mikemichalowicz #money

26 Sept 2025 · 1 min

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In this podcast excerpt, the hosts discuss the emotional challenges that arise when individuals transition from financial struggle to security. Speaker B asks about feelings of guilt over having money, while Speaker A shares that his primary concern is the fear of losing everything—the "other shoe dropping"—and admits to being a chronic catastrophizer who automatically envisions worst‑case scenarios. He mentions using therapy to work through these fears, highlighting how catastrophizing can affect any area of life, even the podcast itself.

People feel guilt. They come from financial struggle. Then they experience wealth. And some people report that I've talked to guilt. I don't deserve this. You've been through this experience. Do you feel guilt now that you're good with money? That you have money, you have financial security? What are the emotions that come up?
I don't think I relate to feeling like I don't deserve things. That was not ever a thing that I associated. It's more for me the other shoe dropping. It's like everything going away. But I've learned to deal with that therapy and working through worst case scenario. Because I'm a catastrophizer, I can go to the worst possible place automatically. I do it all the time. Because.
You'Ve lived it.
Well, I've lived it, but I mean I literally can do it with anything. Like I can. Including the.
Podcast right now.
Yeah, yeah. So that's automatic. That's how my brain works. I just have learned how to recognize that that's what I'm doing. That it's not necessarily real, that I don't need to take my body on that ride. I don't need to let myself get panic attack or cry or not be able to funct like I've experienced. So for me it's losing control and being unsafe.