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

Therapy doesn’t work for everyone. Research shows that therapy fails to benefit 25% to 50% of clients.   Of course, these findings suggest that 50% to 75% of people do benefit.  It makes sense the same is true of financial therapy.  These statistics piqued my curiosity to learn more about why financial therapy may fail. Are the reasons similar or are there differences?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.

Therapy doesn’t work for everyone. Research shows that therapy fails to benefit 25% to 50% of clients.   Of course, these findings suggest that 50% to 75% of people do benefit.  It makes sense the same is true of financial therapy.  These statistics piqued my curiosity to learn more about why financial therapy may fail. Are the reasons similar or are there differences?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.

There are a number of Halls of Fames. My quick perusal of the Halls of Game on Wikipedia found over 250 different halls of fame. Nowhere in the list was there a Single Parents Hall of Fame.  There should be. The emotional and financial challenges of being a single parent are monumental.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 once confessed to my clients that I had a financial planner. The reactions fell into two categories. “Should I be worried?” and “That’s a pretty strong endorsement of your profession, that you think so highly of your services you seek them out from a peer.” Should your financial therapist also have a financial therapist and a financial planner?  Find out why the best practices says they do.  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.

Speculators in cryptocurrencies content they invest for the hope of high returns. Research shows they speculate in cryptocurrency for reasons that were not just about the money. They all held personality traits in, what psychology calls the” dark tetrad,” which is a group of four personality traits: narcissism, psychopathy, Machiavellianism, and sadism. They also found there were three common themes: FOMO (fear of missing out), optimism, and a belief in conspiracy theories.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.

Your perception is your reality, regardless of what the facts suggest. When they were youngsters, my kid’s favorite TV show was Mythbusters. The host, Adam Savage, was known for saying, “I reject your reality and substitute my own.” He often said this in jest, but he was describing the human condition. This is especially true when it comes to money, where perceived risk is the risk you believe, whether that degree of risk really exists.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.

While money will not give you meaning in life, there is extraordinarily little likelihood that you will find meaning in your lives without it. The purpose of money is to serve and support the search for meaning in our lives. We are hardwired with two general conditions, the need to survive and the quest for meaning. Our material needs must be satisfied before we can ultimately satisfy the quest for meaning. The bridge between these two conditions is money.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.

Greed, whether for money or food or anything else, is not produced by an economic model.   Whether people live under a capitalistic, socialistic, or communist system—or in a Stone Age tribal group—greed is alive and well in all of them. Every human being experiences it in some way and on some level. It has been considered one of the seven deadly sins since the early days of the Christian church.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.

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.

Among people that have accumulated enough of a nest egg to pass on, my experience is there is little thought given to whom they will bequest the money.  It’s generally a forgone conclusion any inheritance will go to their children or grandchildren. The societal money script around leaving an estate in the U.S. is “Good parents leave all their money to their kids,” and “the more money I can leave my kids the better off they will be.” It’s not surprising then there is usually no thought or discussion on how to pass on an inheritance in a manner that doesn’t harm the kids and rarely, if ever, is there any discussion on leaving money philanthropically.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.