Name: The true cost of financial dependence
Uploaded: 2020-06-01T15:32:23Z
Duration: 8 min 26 s
Description: Giving up control of your finances -- voluntarily or otherwise -- can leave you powerless and, in some cases, confined to a cycle of abuse. In this personal talk, accountant Estelle Gibson shares her own story of recovering from financial dependence and provides actionable advice to empower others who desire the freedom that comes with being responsible for your own money.

Giving up control of your finances -- voluntarily or otherwise -- can leave you powerless and, in some cases, confined to a cycle of abuse. In this personal talk, accountant Estelle Gibson shares her own story of recovering from financial dependence and provides actionable advice to empower others who desire the freedom that comes with being responsible for your own money.

The true cost of financial dependence

Surrendering control over money, even by choice, can create a hidden trap of dependency and vulnerability. Financial abuse is called the 'invisible weapon'—it keeps 99 percent of domestic violence victims trapped, often leaving no physical scars. Many people, even those skilled at managing money, fall into dependence due to family patterns or lack of financial literacy. Breaking free starts with awareness, education, and support to reclaim financial power.