Ep 5What You Need to Know About Mental Health & Your Money
Your insurance has to pay out-of-network, even if you don't have out-of-network benefits
Rabbi Binyamin Babad
What You Need to Know About Mental Health & Your Money
with Rabbi Binyamin Babad
The problems that too little money create are very easy to fix. The problems that too much money create are very hard to fix.
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Quotes
“This guy doesn't need a job. He needs a therapist.”
“A rich person can't tell his anxiety to jump.”
“He said he'll never ask for a favor because he doesn't know if he has any friends.”
“Anxiety is very treatable. And if you get the right help, you know, there's no reason to suffer.”
“Whatever I have, I have, and if I need it, I'm going to have it, and if I don't have it, I don't need it.”
“The amount of choices that we have for everything actually creates a lot of anxiety.”
Takeaways
- 1 Relief is a free, confidential mental health referral service. It has helped about 125,000 people and follows up at 1, 3, 6 and 12 months to track which clinicians actually help.
- 2 Anxiety is the #1 reason people call Relief and depression #2. People who are depressed often don't reach out on their own.
- 3 More cases today come from community growth, more awareness, and addictions seeping in from outside.
- 4 Mental health and money are closely linked: 46% of people in debt also have a mental health problem, and instability makes it hard to keep a job.
- 5 The very poor and the very wealthy often get the worst care: the poor can't afford it, and the wealthy don't wait long enough for it to work.
- 6 Many of the best clinicians don't take insurance. Sometimes a small first payment toward a top doctor makes a big difference.
- 7 When someone gets well, the effects reach the whole family and future generations, like the Rebbe with 10 kids who went back to work after treatment.
- 8 The most common money problem in couples he sees is one spouse, usually the husband, controlling the finances.
- 9 Manic episodes can bring huge spending or risky bets. Losing a fortune can be worse than never having it.
- 10 Too many choices create anxiety. That's one reason more wealth hasn't meant less anxiety.