#64 The Importance of Grieving a Financial Loss

As a financial planner and financial therapist, witnessing a client grieving over a financial loss is ubiquitous.  Financial losses include a job, a business failure, a poor investment decision, the loss of a significant financial asset like a car, home, cash, collectable, or precious metals.  Financial losses also include the death or disability of an income earner or breadwinner. The difference of the loss of a loved one from the financial aspect of a loss is that financial losses can be insured against to minimize the financial impact of a loss.  While insurance can mitigate the financial loss, it can’t remove the emotional pain of that loss.

A podcast that blends the nuts and bolts of financial advice with the emotions that drive making them.
Rick Kahler, CFP®, CFT-I™, has helped people make better money decisions by integrating financial planning. He blends the nuts and bolts of financial advice with the emotions that drive making them and shares them on his financial therapy podcast.