Using Your Money Story to Grow with Bob Wheeler
Sep 18, 2024Today, Shannon and Bob Wheeler explore how understanding and reshaping our money stories can lead to thriving financially. They emphasize the importance of empathy and communication in the financial profession. Bob advocates for accountants and other professionals to develop empathy skills alongside technical knowledge, especially when delivering bad financial news. This approach fosters trust and provides clients with peace of mind.
Shannon criticizes the fear-based marketing prevalent in the accounting industry, advocating for a shift toward inspiring clients to thrive financially. Bob shares his experience of overcoming fears and naysayers to start his own business, drawing parallels to learning how to drive—daunting at first but empowering once mastered. They also tackle imposter syndrome, discussing their own experiences and emphasizing the importance of being comfortable as beginners and learning from mistakes. This honesty enhances client trust and satisfaction.
Acknowledging mistakes is crucial for integrity. Bob recounts a story where he had to own up to an error with a client, while Shannon emphasizes prioritizing clients' peace of mind over aggressive tax strategies, providing transparent tax estimates to reduce stress. They both stress the importance of normalizing money conversations. Many people internalize their financial narratives as fixed identities, labeling themselves as either good or bad with money. Bob introduces somatic therapy to address these deep-seated stories, sharing how it helped him develop gratitude and self-compassion.
Empowering clients involves open communication and reducing anxiety. Shannon shares her proactive approach to addressing service gaps and offering rebates to build trust. Bob encourages self-reflection among professionals: considering whether they would want to be clients of their own businesses ensures quality and integrity.
To help individuals unpack their money stories, Bob advises journaling and reflecting on childhood influences. Updating one’s mindset and seeking group support can reduce shame associated with past financial choices, while a curious approach aligns behaviors with future goals.
As they conclude, Bob encourages taking leaps of faith and pursuing opportunities fearlessly. Shannon invites listeners to book a power session with her, stressing the positive outcomes of personalized financial planning. This episode serves as a reminder that our relationship with money is complex. Integrating empathy, communication, and a willingness to reshape our financial narratives can lead to true peace of mind and growth. Bob Wheeler offers resources on themoneynerve.com and Instagram, while Shannon encourages booking a power session to transform your financial journey.
CPA Bob Wheeler brings a unique blend of humor, emotional intelligence, and financial expertise to the world of personal finance. Author of "The Money Nerve" and host of the "Money You Should Ask" podcast, Bob explores the emotions behind money decisions, offering fresh perspectives on achieving financial freedom. As a certified 'CORE Energetics' and Radical Aliveness Practitioner, he conducts seminars worldwide, integrating holistic personal growth with practical financial advice. When not serving as CFO of The World Famous Comedy Store or scaling mountains like Kilimanjaro, Bob uses his 25 years of accounting experience and standup comedy background to deliver financial wisdom with warmth, wit, and inspiration, helping people understand and improve their relationship with money.
Website: https://themoneynerve.com
Instagram: https://www.instagram.com/moneyyoushouldask/
YouTube: https://www.youtube.com/c/moneyyoushouldask
For a thorough review of Bob’s core topics around money, visit https://themoneynerve.com/speaking/hire-bob-wheeler-to-speak/
What you'll hear in this episode:
04:37 Encouraging a positive mindset towards handling finances.
07:32 Accounting industry marketing based on fear.
12:56 Taking responsibility for client's dissatisfaction in business.
16:23 Reflect on being a better employer and service provider.
18:29 Reflect on childhood experiences to understand beliefs.
22:24 Take responsibility, make changes, be proactive.
29:08 Accounting focus shifts to basic proactive approach.
34:22 Overlooked personal struggles halted a crucial conversation.
38:44 Emphasize importance of better communication with accountants.
If you like this episode, check out:
Silence These Voices In Order to Succeed
How Can You Shake Off Business Boredom and Thrive?
Want to learn more so you can earn more?
CFO Power Session: https://www.keepwhatyouearn.com/power-sessions
Visit keepwhatyouearn.com to dive deeper on our episodes
Visit keepwhatyouearncfo.com to work with Shannon and her team
Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ
Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/
The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.
