Dealing with Financial Survivor Guilt - Institute On Holistic Wealth (2024)

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In this exciting episode of the Holistic Wealth podcast with Keisha Blair, we have an exciting solo episode on how to cope with financial survivor guilt (with Keisha Blair). Around the globe, over 6 million people have lost their lives to COVID-19. Many families are dealing with grief from the loss of a loved one. We’re also in the midst of a high-inflation period, with rising gas prices, rising food prices and rising interest rates. The pandemic has caused us all to look more deeply at our lives to examine the direction we want our post-pandemic lives to take. In this episode, I will walk you through effective strategies to cope with financial survivors’ guilt, including the guilt associated with an inheritance. In the NEW Holistic Wealth Expanded and Updated: 36 Life Lessons To Help You Recover From Disruption, Find Your Life Purpose and Achieve Financial Freedom, there are many strategies throughout to help you master the “Art of Recovery From Disruption”. Tune in to listen to this episode of the Holistic wealth podcast with Keisha Blair.

Table of Contents

What is Financial Survivor Guilt?

Financial Survivor’s guilt is when a person has feelings of guilt because they inherited a sum of money related to the loss (often the death of a loved one such as a spouse, parent, or another family member). It is often worse when the loss is sudden, tragic and unexpected. It is a common reaction to traumatic events and a symptom of post-traumatic stress disorder (PTSD). In addition, there are many instances where several people who still have jobs and financial security felt guilty about having been spared while others lost their jobs. In a 2018 study, researchers surveyed people who were receiving treatment from a traumatic stress clinic in the U.K. They found that 90% of participants who had survived an event when others had died reported experiencing feelings of guilt.

As the Founder of the Institute on Holistic Wealth, I’ve heard many widows and other clients refer to their life insurance payout as “blood money”. It’s associated with the death of a loved one so it comes with intense emotions filled with grief, loss and tragedy. The Trauma of Money Certification program at the Institute on Holistic Wealth is also designed with strategies to cope with financial survivor guilt.

How To Cope with Financial Survivor Guilt

These are a quick list of some strategies to help you cope with financial survivor guilt (Listen to the full episode of the podcast):

  1. Practice Gratitude– practicing daily gratitude through writing in a gratitude journal or dropping notes in a gratitude jar – which helps with reducing stress, anxiety and financial survivor guilt.
  2. Focus on Mindfulness –Regular and sustained mindfulness practice has been shown to improve attentional control, increase awareness of internal and external experiences and reduce stress.
  3. Know Your Personal Financial Identity–Take the Personal Financial Identity quizon the Institute on Holistic Wealth website and regain control of your spending habits.
  4. Embrace the Holistic Wealth Method –Think of all your decisions as either a depletion or addition to your holistic wealth bank account – and focus on activities that enrich you.
  5. Positive Self-Talk– can stop catastrophic mind chatter that causes work stress and keep you calm in stressful situations and boost your financial confidence.
  6. Find Your Purpose (Your Why) –Remember your “why” and embrace your mission and purpose (refocus and re-energize).
Dealing with Financial Survivor Guilt - Institute On Holistic Wealth (2)

Dealing with Financial Survivor Guilt

GUILT FROM AN INHERITANCE

In this special solo episode of the podcast episode, I will walk you through all of these steps outlined above and explore the different considerations as well as strategies for coping with financial survivor guilt. I discussed various strategies from my new book:Holistic Wealth (Expanded and Updated): 36 Life Lessons To Help You Recover From Disruption, Find Your Life Purpose and Achieve Financial Freedom.Tune in to this exciting episode of the Holistic Wealth podcast with Keisha Blair.

Resources Mentioned In This Episode:

Holistic Wealth (Expanded and Updated): 36 Life Lessons To Help You Recover From Disruption, Find Your Life Purpose and Achieve Financial Freedom.Now Available.E-book now available for just .79 Cents on Amazon.com, and .99 cents on Amazon.ca

  • What is financial survivor’s guilt? What are the symptoms and why is it so important?
  • Why its so important to identify financial survivor’s guilt, including some lessons and context from the NEW Holistic Wealth Expanded and Updated book by Keisha Blair.
  • Learn some tips and strategies for coping with financial survivor’s guilt such as mindfulness, being intentional by design.
  • Learn why embracing your purpose in life is critical to reducing stress and finding more meaning.
  • How the Holistic Wealth Method (developed by Keisha Blair and outlined in Holistic Wealth) helps you to effectively manage stress and anxiety.

Dealing with Financial Survivor Guilt - Institute On Holistic Wealth (3)

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  • Full Transcripts are available on the Institute on Holistic Wealth website and are available to members of the Institute on Holistic Wealth (Become a member of the Institute on Holistic Wealth).

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Dealing with Financial Survivor Guilt - Institute On Holistic Wealth (2024)

FAQs

What are the symptoms of survivor syndrome? ›

Flashbacks or nightmares taking you back to the event. Having your mind consumed by thoughts about what happened. Having constant thoughts of not doing enough. Being irritable or angry.

What is the psychology of survivors guilt? ›

Survivor's guilt is the response to an event that some people experience when they survive a traumatic event or situation that others did not. This psychological phenomenon can be associated with post-traumatic stress disorder (PTSD), anxiety disorders, and complicated grief.

What is familial guilt? ›

When a group member commits wrongdoing, people sometimes assign responsibility and blame not only to the wrongdoer but also to other members of the same group. We examined such assignment of collective responsibility in the context of exploitation of one family by another.

What is the crippling survivor's guilt? ›

Survivor's guilt has been observed in individuals who survive traumatic events while others do not. Such guilt can inflict a range of debilitating psychological and physical symptoms. Harnessing the force of this moral emotion for adaptive ends can be beneficial to the survivor and others.

What is maladaptive guilt? ›

Maladaptive guilt: Sometimes people feel guilty about things that weren't within their control. For example, they may feel guilty that they didn't take action to prevent something that they had no way of predicting.

What is the moral logic of survivor guilt? ›

Connection to Morals: Survivor's guilt is tied to a person's morals through their sense of duty, obligation, and empathy towards others, particularly their fellow soldiers. It displays their dedication to moral principles and the ethical challenges of conflict.

What are the different types of survivor guilt? ›

There are different types of survivor guilt, including general, parental and survivor guilt with specific incident. General survivor guilt refers to feelings of guilt associated with living and going on after someone else dies or is killed.

Is survivor's guilt justified? ›

These virtue ethicists would likely say that some kind of regret could be appropriate in these cases, but that is not the same as guilt. In sum, prominent normative ethical theory in the contemporary West appears to support the judgment that survivor's guilt is unreasonable.

What is post-traumatic guilt? ›

Trauma-related guilt, or a belief that one should have felt, thought, or acted differently during a traumatic event in which someone's life or physical integrity was threatened, has been consistently associated with mental health disorders such as posttraumatic stress disorder (PTSD).

What mental illness causes extreme guilt? ›

Many people with OCD experience extreme guilt. Certain symptoms can trigger this feeling, such as having sexual or violent thoughts or believing that you are responsible for causing harm to others.

What are the 4 types of guilt? ›

In his reflections, Jaspers establishes four types of guilt, viz. criminal, political, moral, and metaphysical. For Jaspers, "[t]he guilt question is more than a question put to us by others, it is one we put to ourselves" (Jaspers 2000: 22).

What is pseudo guilt? ›

This primitive form of feeling, often labelled guilt, is a defense. against a self-perception of unconditional badness. Pseudo-guilt. emanates from an undeveloped or immature intrapsychic structure.

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