Episode Details

The call came mid-panic. Years of overspending. Mountains of debt. But here's what made it fascinating: this person knew they needed to stop. They just... couldn't.

"I can't tell my kids they can no longer order Uber Eats."

But what if the real problem wasn't the spending at all?

This episode cracks open the psychology behind why some people can't stop buying things that don't make them happy—and why others hoard money they'll never spend, living with constant anxiety despite being wealthy.

The uncomfortable questions:

• What are you actually trying to purchase when you buy that car, that holiday, that private school education?
• Why does "scaling back" feel like existential failure—even when rationally you know you need to? 
• What if the feelings you're chasing (success, status, security) were never in the purchases in the first place? 

You'll explore:

• The two spending traps most people fall into (and why both lead to misery).
• Why wealthy people still wake up anxious about money
• Money-centered vs. life-centered spending—and the difference changes everything.

Shabbar confesses about his Canadian Rockies trip. Tim reveals why overspending and underspending are two sides of the same psychological coin.

No budgeting tips. No "skip the latte" advice. Just the raw psychology of what we're really doing when we spend.

Explore the impact of Tim Malnick's work and register for his upcoming workshop at: https://timothymalnick.com/

Find out more about Shabbar's services at: https://lumosfinancial.com/

Feel free to comment, ask questions, and connect with them both on Linkedin at:

 https://uk.linkedin.com/in/shabbarkassam

https://uk.linkedin.com/in/timmalnick