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

Rick explains the more common money script types that are prone to financial dependence and why financial dependency also extends to relying on financial professionals with narcissistic, histrionic, borderline, or antisocial personalities.  These advisors are more erratic and live for drama. Consumers with dependent personalities are drawn to advisors with these disorders, and will give them exactly what they need, praise, high regard, and being in charge of making all their financial decisions.  It’s a match made in heaven until the inevitable descent to hell. 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.

This podcast explores the characteristics and impacts of financial dependency, including fear, anxiety, anger, and resentment. It emphasizes the importance of viewing individuals beyond diagnostic labels and understanding the effects on motivation and self-esteem. The speaker reflects on their own journey as a financial advisor and the significance of not claiming to have all the answers.

Making poor financial decisions is a financial behavior destined to keep us poor.  Over 70% of Americans think they understand money, yet surveys show 66% can pass a very simple financial literacy test. What’s the reason for the disconnect between our actual and perceived level of financial competence? For one thing, part of the human condition is that facts don’t matter if they don’t align with one’s world view. This is one reason so many of us hold onto delusional beliefs about money, investing, and even health decisions. We tend to be reluctant to undergo the arduous, painful, humiliating process of challenging and modifying our world views.  Learn how you can begin to change your thinking. 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.

Workaholism is an addiction where the workaholic is highly involved in work, feels driven to work because of inner pressures that make the person feel guilty or depressed when not working, and in which the person has low levels of work enjoyment. It has been estimated that one in ten adults in the United States are workaholics, with as many as 25 percent of psychotherapists and physicians estimated suffer from workaholism.  Rick also explores if it workaholism when the person has high levels of work enjoyment.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.

Problematic money behaviors and disorders are not caused by a lack of money. They cannot be cured by knowing more about money or having more money. There is no significant correlation between happiness and money once household incomes are above $75,000 per year. The significant economic gains experienced by Americans in the past few decades have not been accompanied by a rise in life satisfaction and are actually correlated with increases in distrust and depression. So, what’s going on? 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.

Somatic Finance rocks Gayle Colman’s world.  As a financial advisor, and the founder of Somatic Finance, she brings her passion for Somatic Finance to life by offering people an entirely new way of being in relationship with money. Join Gayle and Rick for an unscripted conversation about their respective journeys into somatic finance and financial therapy.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 would you guess the average American worker makes in a year?  This is the question professor Nina Strohminger, University of Pennsylvania’s Warton School of Business, asked her business students recently.  The professor tweeted that 25% of her class guessed the average American made a six-figure salary. “One of them thought it was 800k,” tweeted Strohminger. The actual average income of an American worker is $56,000.  The Twittersphere went crazy criticizing the 25% that got it wrong.  I think they got it right.  Find out why.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.

If you are in your 50s or 60s, you may have reacted with concern to the numerous recent news reports in September on an announcement about Social Security.  One by Reason.com said, “Social Security Will Be Insolvent in 12 Years. Yet, another headline on the same day about the same story by CNN proclaimed.  “Social Security won’t be able to pay full benefits by 2034, a year earlier than expected due to the pandemic.” There is a big difference between Reason’s “insolvency” (bankruptcy) and CNN’s “cutting benefits.” Which is right?   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.

Kirsten was divorced and had primary custody of her eight-year-old son, Jack, who spent every other weekend with his father. One Friday evening when her ex-husband came to pick up their son, he handed Kirsten a piece of paper and said, "Here is your check." Jack looked up at his mother and said, "Oh, so Daddy pays you?".  A divorce is more than the termination of a marriage. It’s also a major financial event that can have repercussions for many years to come. There is no greater threat to your financial wellbeing than divorce, unless you are very wealthy or very poor. In most cases, both former spouses will see a decline in their lifestyle. 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.

Last episode we covered the first 10 of  21 "Things your financial therapist wants you to know," by Bari Tessler, one of the early pioneers of financial therapy. I thought her points were excellent and worth repeating. Here is my take on the last 11 of them. 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.