my name is dr. katie spencer.
There are many incredible service providers in the wealth consulting industry, but few can offer my level of support, expertise, and experience.
The nickname “Mama Doc” captures my credentials in a way that reflects my values.
That is to say that, first and foremost, I am a mother. I am also a wife, sister, and daughter who has navigated and continues to navigate the wealth landscape. Also important, I am a doctor of clinical psychology, a certified professional coach, and have two Master’s degrees; one in law and diplomacy and the other in clinical psychology.
Wealth is now a gift that facilitates wellbeing in my life and an integrated aspect of my identity
I had to work hard to get where I am today: I lead my life, co-lead my nuclear family, and show up fully within my larger family and community from a place of authenticity. I am fortunate to have had relationships, particularly with my parents, that nurtured my self-worth and supported (and continue to support) my ongoing self-exploration and movement toward purpose-driven goals. The work will never be finished, but rather is an ongoing process that connects and re-connects me with how I want to navigate this life.
Born into Wealth Culture
Even though my parents instilled strong values, nurtured my strengths, and proactively addressed challenges, I was not unscathed by the sometimes subtle, yet always powerful ways wealth culture impacts you. Exceptionally high expectations and a narrow view on what “success” looks like, for example, has influenced my lifelong battle with perfectionism. Unspoken standards in my family and community amplified the question that many of us grapple with, “am I enough?” Guilt, self-consciousness, and other complex emotions in the web of wealth experience were no mystery to me. It is not so much a process of getting rid of these challenges, but instead a supported shift in how to relate with them.
NET-WORTH AND SELF-WORTH DO NOT GO HAND IN HAND
First a seed is planted: My net-worth is not my self-worth. As self-worth is nourished, you grow into the leader of your own life.
I know the Dark Side of Wealth
It has taken me months to publish this page. I feel the vulnerability of exposure every time I tell my story. It felt safer before I publicly outed myself as an inheritor. When other people could only attribute my accomplishments to my inner resources instead of making quick and blanket assumptions.
Talking about money, especially having money, is taboo. In fact, it is more socially acceptable to make fun of and criticize “rich people” for their “problems,” than any other population I can think of. The result? We struggle alone. Even our struggles are somehow not good enough.
Silence about the darker side of wealth and the isolation that ensues is, perhaps, the biggest problem.
Stepping out of the wealth closet
I consider it my responsibility to step out of the wealth closet and to do what I can to help others find their own integrated experience of money and meaning. I know first hand what happens when a culture of silence overrides getting the support one needs. I also know that, when you do have a safe place to be open and explore, you can step into the light, get into the driver’s seat, and navigate your life in the direction of your choosing.
Finding True North in Wealthy Families
Engaged to be married, my family invited a wealth coach to support us. That is when I experienced the shift; when we all knew that we were consciously choosing to lead our lives and our family well in the context of our resources. The conversation about wealth, challenges, identity, and impact became not only open, but encouraged. I felt suddenly able to actively address the real challenges associated with having money as an individual, in my marriage, in my parenting, and in my career. That first family meeting with a wealth coach helped launch me into the C-Suite of my life and our family system. It helped my husband and siblings do the same.
My mission as a partner and a parent
The question for us as parents becomes, “how do we raise our kids to be grounded, healthy, and happy in the context of their privilege?” It is my mission to prioritize this outcome, I am not always sure I am doing it well, and I often seek support to correct my path and get the reminder that the answer is in how Jeremy and I model the behaviors we hope to see.
In partnership, we must ask ourselves the question, “how can money foster connection instead of tear us apart?” Money is the number one stressor in relationships and cause for divorce. We cannot be silent about money before committing to marriage, and then we need to infuse our partnerships with the skills and practices to communicate about money openly and regularly, and live in alignment with our values. It’s a life-long commitment and we are on the journey with you.
and into authentic leadership
May my sharing create more space for others to tell their story. I believe that it is from within this space, where the wealthy have permission to hurt, question, explore, and express without fear, that money begins to shift into a gift instead of a curse. Then, when we step into a leadership role in our lives and families, we are able to experience how wealth can positively impact individuals, families, and communities.
I am more authentically engaged in the roles and relationships in my life than ever before. One of my greatest privileges is that I get to witness this transformation daily in the lives of those I work with.
Sending true abundance for the journey,
If you want to know more about my leadership development work with Groundswell Ventures, background in international humanitarian aid, my clinical career in trauma work, or how my husband’s career with the United Nations took us to live in the Dominical Republic, I would love to share more with you in our 1:1 consultation call!