• Discounts and special offers
  • Subscriber-only articles and interviews
  • Breaking news and trending topics

Already a subscriber?

By signing up, you accept Moneywise's Terms of Use, Subscription Agreement, and Privacy Policy.

Not interested ?

Dealing with addiction

Jamie had dealt with addiction on multiple fronts. Her brother had died of addiction last year, she told the co-hosts, while her husband revealed he was a sex addict. Now, she’s worried about becoming an addict herself, potentially to shopping.

All forms of addiction are relatively common. Two-thirds of Americans surveyed by KFF said that either they, or their family members, have experienced alcohol or drug addiction, homelessness due to addiction, or a drug overdose resulting in an ER visit, hospitalization or death.

In addition, the pandemic increased the perceived risk factors for oniomania — sometimes called compulsive buying disorder or shopping addiction — according to research published in the Practice Innovations journal.

Sex addiction is controversial and not well understood, but roughly 24 million Americans could be classified as having been afflicted with it, according to the Mayo Clinic.

Dealing with various forms of addiction in her life has made Jamie especially anxious. Despite her assets and the fact that she spends only $1,500 while receiving $4,000 a month on a fixed income, she’s still worried about her financial future. “On paper [my financial situation] looks so good… but I’m afraid I’m going to make bad decisions,” she told the co-hosts. “I’m afraid I’m going to become a shopping addict.”

While the co-hosts were supportive, the reactions in the YouTube comments section were somewhat mixed.

How to get a free $20 to invest in your future

An app called Acorns automatically rounds up purchases made on your credit or debit card to the nearest dollar and places the excess "change" into a smart investment portfolio. Acorns offers a $20 welcome bonus, immediately from your first investment.

Get $20

Mixed reactions

Several commenters focused on the fact that Jamie got an outsized piece of the marital assets after her divorce. “I have no idea why she’s worried about finances,” wrote one person. “650K at 45 years old is enviable. I’d retire today if I had that much.”

“Her ex should be the one crying, not her,” another viewer added.

Meanwhile, some commenters wanted to hear the husband’s side of the story. To be fair, a divorce implies that both sides were considered within a legal framework. Jamie’s home state of Texas is a community property jurisdiction, which usually means assets acquired during a marriage are split equally. However, the exact split depends on several factors, including inheritances.

Although the comment section on YouTube isn’t exactly the best place to look for empathy, some commentators were clearly on Jamie’s side. “Wishing nothing but healing and good things for Jamie,” one viewer wrote.

“I definitely feel for this woman!” wrote another. “I basically did the exact same thing to my ex-wife. It took a lot of work to become a better person, and I don’t know that I blame her for not believing that I am now. I’ll never be able to undo the harm that I did, and the trauma that I caused.”

Sponsored

Follow These Steps if you Want to Retire Early

Secure your financial future with a tailored plan to maximize investments, navigate taxes, and retire comfortably.

Zoe Financial is an online platform that can match you with a network of vetted fiduciary advisors who are evaluated based on their credentials, education, experience, and pricing. The best part? - there is no fee to find an advisor.

About the Author

Vishesh Raisinghani

Vishesh Raisinghani

Freelance Writer

Vishesh Raisinghani is a freelance contributor at MoneyWise. He has been writing about financial markets and economics since 2014 - having covered family offices, private equity, real estate, cryptocurrencies, and tech stocks over that period. His work has appeared in Seeking Alpha, Motley Fool Canada, Motley Fool UK, Mergers & Acquisitions, National Post, Financial Post, and Yahoo Canada.

What to Read Next

Disclaimer

The content provided on Moneywise is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter.