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ADHD Money Management

Is it possible that by taking medication to manage your ADHD you may end up saving money? Listen to what Dr. Edward Hallowell, Dr. Stephanie Sarkis, & Dr. Ari Tuckman have to say, you may be surprised.

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Dr Edward Hallowell – Some people with ADD are absolute financial wizards. I happen to treat a lot of people in the in the money business, the investment bankers and you think of them as not being ADHD types. Quite the opposite,
some of them are absolute financial wizards. Then on the other side are people like me who are sort of allergic to accounting you know and and I just can’t do it you know I’m I avoid it. The whole topic of money makes me just
(shudders) I just want to get to something else. I could never figure it out I had everybody’s telling me I’m so smart but I cannot manage money.
Rick Green – this can be a big issue but what if medication was a profitable investment? What? What if it actually paid for itself? What? Perhaps many times over. In other words what if you save money? How?
Gina Pera – Money, it’s another hot-button issue because when you think about the key symptoms of ADHD impulsivity inattention, you know, disorganization. That does not lead one to be a good money manager. It doesn’t
lead one to delay gratification.
Dr. Stephanie Sarkis – If you are having financial issues I think one of the things about getting treatment for ADHD you you can’t afford not to because you’re actually spending more money with late fees on bills with having relationship issues. Just day-to-day living so I think that’s an important thing that this is an investment in your health and health is
number one. Ca-Ching!
Dr Edward Hallowell – There are people with ADD who are living in financial hell because they didn’t dare delegate or they were too proud to delegate. They are 10 years behind in paying their taxes, they’re way over their head in debt and they’re continuing to overspend because they won’t get rid of their credit cards.
Dr. Stephanie Sarkis – Studies show that adults with ADHD do have a lower income than those without ADHD. Why? I think part of that is there’s a higher rate of dropping out of college in high school in people with ADHD. People with ADHD tend to undervalue their worth so if you’re offered a job and a salary I think you’re just so happy that somebodies paying you to do something that you don’t think about negotiating, and I think also sometimes people with ADHD don’t trust inner instincts. They’re not really sure how to negotiate and to ask for more and they’re more concerned with being good enough so they don’t think about that they deserve more than that. People with ADHD tend to have multiple jobs, meaning that sometimes they get fired from their jobs or they aren’t able to follow kind of unwritten rules of the workplace.
Dr. Ari Tuckman – You know one of the statistics that we know about ADHD is that they’re more likely to impulsively quit a job. I got to think that that comes back to this, so most other people they would also want to quit the job
they would also want to tell the boss off, and they’re probably right about what they’re saying about the boss. The problem is the boss doesn’t want to hear it, and everyone else in the department keeps it to themselves.
Rick Green – less impulsivity able to put in a pause.
(Dr. Sarkis) and when you start over in a new job you’re you’re more likely to start a lower salary so I think those are just some of the issues that contribute to it.
(Dr. Hallowell) It’s life and death… not life and death but it’s high stakes poker that’s for sure because you can create a financial prison that takes decades to get out of.
(Dr. Sarkis) Well, studies show that when you take medication you’re less likely to have impulsive spending and you’re also more likely to wait to get a bigger return on your money rather than a shorter wait to get a smaller return on your money. So medication does help.
(Rick Green ) Ka-Ching! Hi I’m Rick Green thanks for watching, don’t forget to like and share this video so
more people get the facts and of course subscribe to the TotallyADD channel and ideally become a supporter through https://Patreon.com/TotallyADD and then we can keep doing what
we’re doing and even do more of it.
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