Managing My Money – ADHD Medication Chapter 13

The following is taken from ‘ADHD
Medication: Straight Answers to Big Questions’ 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 ADD
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) 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
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