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

In the past when I read stories about scams, I often wondered how people could be so gullible. I assumed that the victims of fraud were the elderly or less educated, had suffered a recent loss of a loved one or who were isolated.  While there is some data suggests that one in five over age 65 have been targeted by email scammers, being scammed can happen to anyone.  Nobody is immune to fraud and sometimes people simply fall for scams due to the psychological techniques employed by fraudsters. Falling for a scam is not about the 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.

The prevailing emotion experienced by many when any market is falling is anxiety.  The cause of anxiety is a feeling of worry, nervousness, or unease, typically when we anticipate a negative outcome to an imminent event or uncertainty.  First, whatever you are feeling, you are feeling.  That’s a fact. It doesn’t help, and probably is hurtful, to tell yourself you “should” not be feeling anxiety over the decrease in your portfolio.  There are many reasons why a person may feel anxiety around a decline in value.  Some could be because more information needed.  Other reasons are anchored in unresolved trauma from past experiences that may have little to do with the falling marketsA 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.

Financial infidelity isn’t necessarily “the problem” in itself. It often is tangled up with other difficulties in the relationship, and it almost always will exacerbate those problems. Even though it is very damaging, it is something a couple can face and can heal from. Couples can recover from financial infidelity and learn to change the behaviors behind it. In my work with couples, we’ve seen some incredible transformations.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.

Not all money secrets add up to financial infidelity. Partners shouldn’t need to account to each other for every penny they spend. And saving on the sly for your spouse’s birthday gift is a lot different from lying about the cost of that new computer gadget you just had to have. Secrets cross the line into infidelity when they are for the purpose of protecting yourself from the consequences of your financial behavior.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.

Keeping secrets in a committed romantic relationship around other significant intimate relationships usually doesn’t end well.  While an intimate relationship with others can include people, they more often include intimate relationships with non-human relationships, like with substances, alcohol, food, and 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.

One of the most important ways people learn is through observing the behavior of others. Albert Einstein once said, “The only source of knowledge is experience.”  “Telling” is not usually an effective method of teaching unless it is accompanied by “showing.” When it comes to helping clients build healthier relationships with money, one of the most valuable tools facilitators have is modeling healthy relationships themselves.  One of the most important components of becoming or hiring a financial professional is their ability to understand and change their own self-limiting money scripts and harmful financial behaviors.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.

For an individual, overspending or underspending is a problematic financial behavior that can adversely affect the quality of life.  For a couple, the adverse effect of overspending or underspending is multiplied and multifaceted.  Not only can the behaviors be life threatening, they can also result in the termination of the coupleship. There are five possible combinations of over/under spending in a coupleship.  Two don’t result in significant marital issues but can be financially and physically devastating.  Two are somewhat less financially devastating but potentially threatening to the success of the coupleship.  One usually includes both financial and emotional chaos.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.

“Be frugal.” “Save for the future.” “Live on less than you make.”  That’s my usual financial advice, and it’s well worth repeating even though too many Americans aren’t following it. Sometimes, though, I find it necessary to work with clients to overcome a different problem—underspending.  Huh? How can underspending possibly be a problem? Isn’t it a virtue to save and accumulate?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.

Financial denial is a protective behavior that is usually found in conjunction with several other problematic financial behaviors like compulsive buying behavior, gambling disorder, hoarding disorder, workaholism, financial dependence on others, and financial enabling.  It’s especially common in those that have to dominate Money Avoidance money scripts and Enneagram Type Nines. 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.

One aspect of money disorders that contributes significantly to financial difficulties is denial or avoidance. Many of those with money disorders attempt to cope by simply not thinking about money or trying not to deal with it. Rather than acknowledging the impact of their troubled financial situations, and experiencing the underlying pain, they try to ignore them.  The result usually ends badly.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.