The Financial Therapy Podcast - It's Not Just About The Money

Why do so many people live in denial or avoidance, especially when it comes to money?  Because denial is a great place to be, especially when one partner becomes emotionally activated when the topic is broached by their partner.  Denial is a very effective tool used by our Protector parts to keep the wounded and Exiled parts of ourselves from having to feel unresolved pain. In a survey of 1,001 adults, 36 percent admitted that they avoided thinking about their financial difficulties.  Financial denial can show up in any coupleship, regardless of if they are financially successful or not. Denial can cause havoc in a coupleship and comes in two general varieties: when both partners are in denial and when one partner is in denial.

A podcast that blends the nuts and bolts of financial advice with the emotions that drive our money decisions.
Join Rick Kahler, CFP®, CFT™, as he blends practical financial wisdom with the emotional insights that shape our choices. Discover how financial therapy can help you make money decisions that truly align with your values.. 

Dr. Jacob Needleman, author of Money and the Meaning of Life, suggested that one of the first places to begin building good money skills is to examine all the opinions you have about money. He compared our beliefs about money to an antiques store, where occasionally you find a priceless treasure, but which most often is filled with junk. He contends that we need to open the contents of our minds and examine our opinions and beliefs about money, asking each one “How did you get in here?” Join Rick to learn exactly how you can do this.

A podcast that blends the nuts and bolts of financial advice with the emotions that drive our money decisions.
Join Rick Kahler, CFP®, CFT™, as he blends practical financial wisdom with the emotional insights that shape our choices. Discover how financial therapy can help you make money decisions that truly align with your values.. 

Therapy doesn’t work for everyone. Research shows that therapy fails to benefit 25% to 50% of clients.   Of course, these findings suggest that 50% to 75% of people do benefit.  It makes sense the same is true of financial therapy.  These statistics piqued my curiosity to learn more about why financial therapy may fail. Are the reasons similar or are there differences?

A podcast that blends the nuts and bolts of financial advice with the emotions that drive our money decisions.
Join Rick Kahler, CFP®, CFT™, as he blends practical financial wisdom with the emotional insights that shape our choices. Discover how financial therapy can help you make money decisions that truly align with your values.. 

Therapy doesn’t work for everyone. Research shows that therapy fails to benefit 25% to 50% of clients.   Of course, these findings suggest that 50% to 75% of people do benefit.  It makes sense the same is true of financial therapy.  These statistics piqued my curiosity to learn more about why financial therapy may fail. Are the reasons similar or are there differences?

A podcast that blends the nuts and bolts of financial advice with the emotions that drive our money decisions.
Join Rick Kahler, CFP®, CFT™, as he blends practical financial wisdom with the emotional insights that shape our choices. Discover how financial therapy can help you make money decisions that truly align with your values.. 

There are a number of Halls of Fames. My quick perusal of the Halls of Game on Wikipedia found over 250 different halls of fame. Nowhere in the list was there a Single Parents Hall of Fame.  There should be. The emotional and financial challenges of being a single parent are monumental.

A podcast that blends the nuts and bolts of financial advice with the emotions that drive our money decisions.
Join Rick Kahler, CFP®, CFT™, as he blends practical financial wisdom with the emotional insights that shape our choices. Discover how financial therapy can help you make money decisions that truly align with your values.. 

I once confessed to my clients that I had a financial planner. The reactions fell into two categories. “Should I be worried?” and “That’s a pretty strong endorsement of your profession, that you think so highly of your services you seek them out from a peer.” Should your financial therapist also have a financial therapist and a financial planner?  Find out why the best practices says they do.  

A podcast that blends the nuts and bolts of financial advice with the emotions that drive our money decisions.
Join Rick Kahler, CFP®, CFT™, as he blends practical financial wisdom with the emotional insights that shape our choices. Discover how financial therapy can help you make money decisions that truly align with your values.. 

Speculators in cryptocurrencies content they invest for the hope of high returns. Research shows they speculate in cryptocurrency for reasons that were not just about the money. They all held personality traits in, what psychology calls the” dark tetrad,” which is a group of four personality traits: narcissism, psychopathy, Machiavellianism, and sadism. They also found there were three common themes: FOMO (fear of missing out), optimism, and a belief in conspiracy theories.

A podcast that blends the nuts and bolts of financial advice with the emotions that drive our money decisions.
Join Rick Kahler, CFP®, CFT™, as he blends practical financial wisdom with the emotional insights that shape our choices. Discover how financial therapy can help you make money decisions that truly align with your values.. 

Your perception is your reality, regardless of what the facts suggest. When they were youngsters, my kid’s favorite TV show was Mythbusters. The host, Adam Savage, was known for saying, “I reject your reality and substitute my own.” He often said this in jest, but he was describing the human condition. This is especially true when it comes to money, where perceived risk is the risk you believe, whether that degree of risk really exists.

A podcast that blends the nuts and bolts of financial advice with the emotions that drive our money decisions.
Join Rick Kahler, CFP®, CFT™, as he blends practical financial wisdom with the emotional insights that shape our choices. Discover how financial therapy can help you make money decisions that truly align with your values.. 

While money will not give you meaning in life, there is extraordinarily little likelihood that you will find meaning in your lives without it. The purpose of money is to serve and support the search for meaning in our lives. We are hardwired with two general conditions, the need to survive and the quest for meaning. Our material needs must be satisfied before we can ultimately satisfy the quest for meaning. The bridge between these two conditions is money.

A podcast that blends the nuts and bolts of financial advice with the emotions that drive our money decisions.
Join Rick Kahler, CFP®, CFT™, as he blends practical financial wisdom with the emotional insights that shape our choices. Discover how financial therapy can help you make money decisions that truly align with your values.. 

Greed, whether for money or food or anything else, is not produced by an economic model.   Whether people live under a capitalistic, socialistic, or communist system—or in a Stone Age tribal group—greed is alive and well in all of them. Every human being experiences it in some way and on some level. It has been considered one of the seven deadly sins since the early days of the Christian church.

A podcast that blends the nuts and bolts of financial advice with the emotions that drive our money decisions.
Join Rick Kahler, CFP®, CFT™, as he blends practical financial wisdom with the emotional insights that shape our choices. Discover how financial therapy can help you make money decisions that truly align with your values..