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

This episode dives into the unique world of financial therapy, where professionals bring together personal finance and emotional well-being. Whether they’re dual-credentialed as Certified Financial Planners and Certified Financial Therapists or experts in money-related trauma, the key is finding the right fit for you. We'll share how to navigate through the haystack to find a financial therapist who meets your needs, transforming not just your finances, but your relationship with money itself. Tune in!

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.. 

In our first podcast episode, 183 episodes ago, we introduced financial therapy as a groundbreaking blend of emotional insight and financial strategy. But has the field evolved since then? In this multi-part series, we revisit the core principles of financial therapy and explore how the practice has changed—and how it hasn't. From the rise of new tools and research to shifts in client needs and industry challenges, we'll examine what's stayed constant and what innovations have pushed the field forward. Whether you’re new to financial therapy or have been following along since the beginning, this series will offer fresh insights into how financial therapy continues to transform the way we think about money, emotions, and well-being.

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.. 

In this episode, I’m sharing a hard lesson I learned about travel insurance—one that cost me thousands of dollars and a once-in-a-lifetime trip to the Arctic for my 30th wedding anniversary. Like many of you, I thought I understood what my travel insurance covered, but as it turns out, I didn’t read the fine print closely enough. A mechanical flight delay resulted in us missing the cruise, and the insurance company denied our claim. I’ll break down what went wrong, the hidden details in travel insurance policies that caught me off guard, and how you can avoid the same costly mistake. If you think your trip interruption coverage has you fully protected, think again. Join me as I walk through the lessons I learned so you can protect your travels—and your wallet.

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.. 

If we were driven purely by logic, coffee shops wouldn’t stand a chance. But let's be real—habits, emotions, and convenience keep us coming back for that daily cappuccino. In this video, we break down the financial side of making coffee at home (hint: the savings are big) and take a closer look at why, even with the math on your side, you’re still hitting up your favorite café. Let’s explore what’s really stopping us from giving up that $5.50 cup.

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.. 

In this episode, we explore why $1 million today doesn’t hold the same power as it did in the past. Did you know it would take $18 million in today's dollars to match the purchasing power of a 1929 millionaire? We dive into cognitive biases like money illusion, anchoring, and status quo bias, explaining why so many people still cling to the notion of wealth that no longer applies. Learn how inflation has shaped our perceptions of what it means to be "rich."

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.. 

In this podcast episode, we're diving into the critical role that emotional intelligence (EQ) plays in your financial success. Understanding and managing your emotions is key to making smart money decisions, and we're here to help you assess where you stand. We’ll explore ten definitive ways to evaluate your EQ, from recognizing emotions, emotional regulation, relationship health, and handling criticism, they all have an impact on your financial well-being.  Whether you’re struggling with sticking to a budget or feeling swayed by others’ financial opinions, these insights will guide you in identifying areas for growth. Tune in to discover how boosting your EQ can lead to more confident and effective financial decision-making.

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.. 

Discover the surprising emotional journey behind senior discounts in this episode, where we unravel the mix of pride, resistance, guilt, and even shame that often accompany these perks of aging. Why do some seniors hesitate to claim what they’ve earned? How do societal views on aging influence these feelings? And how can we shift our perspective to see these discounts as a well-deserved reward for a lifetime of contributions? Join us for a thoughtful and lighthearted exploration of identity, self-worth, and the cultural attitudes that shape our views on getting older. Don’t miss this candid and insightful conversation!

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.. 

In this insightful episode, we delve into how U.S. election outcomes influence retirement planning, revealing a surprising pattern: many advisors and clients react to political uncertainty with fear-driven investment decisions, often to their detriment. Reflecting on the 2016 and 2020 elections, we explore how market reactions defied expectations.  Will history repeat itself and why this year may or may not be different. Join us as Rick discusses what you need to do both emotionally and financially to prepare for the 2024 election outcome. 

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.. 

In this podcast episode, we're diving into the critical role that emotional intelligence (EQ) plays in your financial success. Understanding and managing your emotions is key to making smart money decisions, and we're here to help you assess where you stand. We’ll explore ten definitive ways to evaluate your EQ, from recognizing emotions, emotional regulation, relationship health, and handling criticism, they all have an impact on your financial well-being.  Whether you’re struggling with sticking to a budget or feeling swayed by others’ financial opinions, these insights will guide you in identifying areas for growth. Tune in to discover how boosting your EQ can lead to more confident and effective financial decision-making.

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.. 

Fear and frustration about Social Security's future are spreading like wildfire, especially during election seasons. Politicians have intensified these concerns, warning that Social Security will go broke by 2035. This has left many, especially younger workers, feeling bitter and anxious about their financial futures. Stories of individuals doubting they'll ever see the benefits of their contributions highlight a growing sense of hopelessness. However, experts assure that a complete collapse is highly unlikely, with payroll taxes continuing to fund most benefits. Cognitive biases like the Availability Heuristic, Confirmation Bias, and Negativity Bias are at work, making these alarming statements seem more believable and widespread. It's essential to navigate these fears with accurate information and not let alarmist rhetoric dictate our financial planning.

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..