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

#11 - IFS Informed Financial Therapy - Part 1

Jul 13, 2021

Discover the cultural shift towards openness about money and the introduction of IFS informed financial therapy. Hear personal experiences with IFS therapy and its profound impact on life. Explore the concept of exiles and burdens in financial trauma. Learn about internal family systems in financial therapy and the roles of exiles, managers, and firefighting protectors in healing financial trauma.

27:24

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Quick takeaways

Financial therapy focuses on understanding the emotional and trauma-related aspects that underlie financial behaviors and aims to help individuals access the hidden beliefs and emotions driving their financial decisions.

IFS informed financial therapy aims to establish a self-to-part relationship, where individuals can understand and build a dialogue with their multiple personalities or 'parts,' unburdening their beliefs and restoring a sense of financial well-being.

Deep dives

The Taboo of Discussing Money

Talking about money is often considered a taboo topic in our society, with people feeling a sense of shame and discomfort discussing their finances. However, money is an integral part of our lives and touches everything we do. A predicted trend for 2021 is the breaking of taboos around money, with new approaches like financial therapy emerging. Financial therapy, specifically IFS (Internal Family Systems) informed financial therapy, focuses on understanding the emotional and trauma-related aspects that underlie financial behaviors. It recognizes that 90% of financial decisions are made emotionally and aims to help individuals access the hidden beliefs and emotions driving their financial behaviors.

Introduction

2min

A Shift Towards Openness: IFS Informed Financial Therapy

3min

Introduction to IFS Therapy and Becoming a Believer

11min

Understanding Exiles and Burdens in Financial Trauma

4min

Internal Family Systems in Financial Therapy

7min

A panel presentation at the Global Wellness Summit held in November 2020 predicted several wellness trends in 2021. One that caught my attention was "A great 'un-tabooing': Wellness gets real about sex, money and death." One panelist said there is going to be "a massive and seismic cultural taboo toppling," suggesting we will see people getting "real about money with new financial therapy/wellness approaches." IFS Informed Financial Therapy is one of those approaches.

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.

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