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Making sound financial decisions can be the best-paying job we’ve ever had. How do we obtain the skills needed to do this job well? Since 80 to 100% of all financial decisions are made emotionally, learning something about emotions and how they affect our financial decisions can be financially lifesaving. The first step is to become aware of what we are feeling, that we have emotions. While being aware of feelings is an important first step, without a method of successfully processing those feelings, reaching objectivity may not happen. We may just continue to make poor financial decisions even though we are fully aware of the emotions driving them. It’s important that we learn how to feel a feeling, not just talk about it.
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.