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

Join a conversation on couples therapy with an emphasis on IFIO, IFS, and Narcissism with a former GGU student Louis Wellmeier, a former attorney whose role was adversarial, to an integrated financial planner whose role is to collaborate with his clients to make their lives better.  The session was taped as a part of my monthly “Talking Financial Therapy with Rick Kahler” office hours session.  If you would like to join a free session with "Talking Financial Therapy with Rick Kahler", check out https://advanced-wellbeing.com/events/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.

I’ve often repeated Jacob Needleman’s quote that money won’t give you meaning, but it’s impossible to find meaning without money.  In this segment, Bari brings this to life and will give you the path to connecting your money with your values and then the three steps to how to make good money decisions.  This segment is worth the price of admission, LOL!!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.

Bari Tessler talks about the tools she developed and first used for herself and then taught them to her clients.  We take time to go into depth on The Body Check-In and The Money Date and how to create a supportive and anxiety-free atmosphere to have even the toughest talks with money.  These are not “one and done” tools, but rather practices that when integrated with your life can be transformative. 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.

Bari Tessler is back with us this week where we discuss the importance of professionals in doing their own work and why that is a continuous practice, not a one-and-done event. We also discuss the challenges of certification, the future of the financial therapy profession, one of Rick’s money scripts, and why Bari is the consummate individualist.  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.

Bari Tessler, a somatic based financial therapist and author of “The Art Of Money” is my guest for this special four-part series. In this first conversation, Bari talks about the evolution of training consumers to creating groups where financial and healing professionals can find a safe space to explore their relationship with money, learn tools to use with clients, and how to support a sustainable practice.  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.

Investors appear to have a poor grasp of the fee issue, failing to minimize fees even when the benefits are presented in a clear and incontrovertible disclosure. In fact, the mean fee paid by the participants was far enough above the minimum they could have paid that it dramatically reduced long-term gains. Why is this?  It doesn’t seem logical. It’s not about the money. There are three cognitive biases that may explain why consumers elect to pay more in unseen fees than in lower fees, even when both are clearly disclosed.  They are the Loss Aversion, Status Quo Bias, and The Ostrich Bias.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.

I was encouraging one of my 20 something friends at my gym to attend a workshop I was giving on investing and financial planning.  I quipped, “I’ll teach you how to be a millionaire.”  “Really?” she responded.  I quickly explained how if someone her age invested $6,000 a year in stocks for the next 7 years and then stopped, there would be a high probability she would have $1 million at age 65.  I didn’t anticipate her next question, “Are you a millionaire?” Listen now for my answer. 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.

Non-Violent Communication teaches us to learn to hear our own deeper needs and those of others. Through its emphasis on deep listening—to ourselves as well as others—NVC helps us discover the depth of our own compassion. This language reveals the awareness that all human beings are only trying to honor universal values and needs, every minute, every day. Understanding our needs is directly tied to our financial decisions. Through the practice of NVC, we can learn to clarify what we are observing, what emotions we are feeling, what values we want to live by, and what we want to ask of ourselves and others. We will no longer need to use the language of blame, judgment or domination. We can experience the deep pleasure of contributing to each other's wellbeing, and in turn, making better financial decisions. 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.

A reporter for a financial planning magazine recently asked me when a client loses their job, what emotional support should they expect from the planner? How can the planner best respond to the emotions of the client? What emotions can the planner expect to experience?  That’s something I have never pondered specifically, and I thought it might be interesting to explore. Let's just start from the most obvious what from the client's expectation. What type of emotional support are they expecting in this first conversation with the planner? 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.

What are the hurtful financial behaviors driven by our Money Scripts and how can we modify those behaviors into ones that are healthy and supportive?  Most money scripts cannot be changed cognitively or with more information as they often are anchored emotionally.  Learn two ways that you can begin to understand the origin and intention of your, or your client’s, money scripts and how to begin the process of rescripting. 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.