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

The FIRE (Financial Independence, Retire Early) movement advocates extreme frugality in order to retire as early as age 30. The biggest challenge with the skills and discipline needed for a FIRE plan is not starting it (which isn’t necessarily easy) but stopping (which can be very difficult). Why? Like building an actual fire, building frugality into one’s lifestyle starts slowly. For some savers, especially FIRE advocates, frugality can become a way of life, a game, and a habit that’s hard to break. It can become, not the means to reach the goal of financial independence, but the goal itself. This is what I call “Frugality Syndrome.” A long-term focus on frugality, like a raging wildfire, has a momentum that’s difficult to stop.  Read more here.A podcast that blends the nuts and bolts of financial advice with the emotions that drive our money decisions. Join Rick Kahler, CFP®, CFT™, as he blends practical financial wisdom with the emotional insights that shape our choices. Discover how financial therapy can help you make money decisions that truly align with your values..

Dick Wagner, CFP, was fond of saying that understanding money and how it works is a 21st Century survival skill. This is not an exaggeration. What you don’t know about money—as well as what you think you do know about money—has the potential to literally kill you and those you love.  A comprehensive research project done by Columbia University in 2011 on the impact of social factors on mortality found that 4.5% of U.S. deaths could be attributed to poverty. Research overwhelmingly supports a huge correlation between financial illiteracy and not having enough money. Read more here.A podcast that blends the nuts and bolts of financial advice with the emotions that drive our money decisions. Join Rick Kahler, CFP®, CFT™, as he blends practical financial wisdom with the emotional insights that shape our choices. Discover how financial therapy can help you make money decisions that truly align with your values..

People that have money scripts like, “You should not tell others how much money you have or make,” “Money should be saved not spent,” and “I would be a nervous wreck if I did not have money saved for an emergency,” typically struggle with Money Vigilance.  “Work hard, play hard” is a foreign concept to Money Vigilants. This money script category is associated with poor relationships, lack of leisure time or activities, poor sleep, anxiety, and a lack of having “fun”.  If you are a Money Vigilant there is a way to have money and serenity.  A podcast that blends the nuts and bolts of financial advice with the emotions that drive our money decisions. Join Rick Kahler, CFP®, CFT™, as he blends practical financial wisdom with the emotional insights that shape our choices. Discover how financial therapy can help you make money decisions that truly align with your values..

People that have money scripts like, “People are only as successful as the amount of money they earn,” “If something is not considered the ‘best,’ it is not worth buying,” or “Your self-worth equals your net worth,” typically struggle with Money Status. This money script category is often predictive of compulsive buying disorder, gambling, financial dependence, and financial infidelity. We all want to be successful. These thoughts and feelings are normal, but when left unexamined they can lead to detrimental financial outcomes. .  If this is you or someone you love, listen in to learn more and tips on how you can begin to improve this financial condition.A podcast that blends the nuts and bolts of financial advice with the emotions that drive our money decisions. Join Rick Kahler, CFP®, CFT™, as he blends practical financial wisdom with the emotional insights that shape our choices. Discover how financial therapy can help you make money decisions that truly align with your values..

Do you know someone that believes that “Things would get better if I had more money,” “More money will make you happier,” and “Money would solve all of my problems.” If so, their majority of their beliefs about money may fall into a category that financial therapists call Money Worship. People with a high level of these types of money scripts are associated with being young, single, lower levels of education, income and net worth higher levels of credit card debt, and often have a range of self-defeating money behaviors.  If this is you or someone you love, listen in to learn more and tips on how you can begin to improve this financial condition.A podcast that blends the nuts and bolts of financial advice with the emotions that drive our money decisions. Join Rick Kahler, CFP®, CFT™, as he blends practical financial wisdom with the emotional insights that shape our choices. Discover how financial therapy can help you make money decisions that truly align with your values..

This podcast explores the concept of money scripts and their impact on financial decisions. It specifically focuses on money avoidance behaviors and their characteristics, including connections to mental health, education, income levels, and self-defeating money behaviors. The podcast also delves into the origins of money avoidance and provides strategies to overcome it, such as creating financial rituals and involving partners in improving financial literacy.

This podcast dives into the emotional aspects of financial decisions and how they impact our money behaviors. It discusses the flawed logic of the home interest deduction and explores the emotions and beliefs behind our resistance towards financial success. The hosts also discuss the advantages and disadvantages of investing in tax-free municipal bonds and stress the importance of understanding the underlying emotions and beliefs that shape our financial decisions.

This podcast explores the impact of money scripts and emotions on tax deductions, discussing how over-emphasizing deductions may cost more than they save. It also delves into the concept of money disorders and how they are developed, as well as the connection between money scripts and traumatic experiences. Additionally, it addresses therapists' concerns with behavioral disorders and the consequences of financial denial and underspending. The podcast provides insights on understanding and modifying common money behaviors rooted in emotional wounding.

“An ounce of prevention is worth a pound of cure.” Most of us are familiar with this tidbit of immense wisdom. That doesn’t necessarily mean we follow it when it comes to either our physical, emotional or financial health.  According to a Modern Healthcare article, 60% of visits to the emergency room in 2017 were preventable.  A much higher percentage of financial “emergency” scenarios could be completely avoided. These fall into two categories: those with known deadlines and those that we know will happen but don’t know when.  Read more here.A podcast that blends the nuts and bolts of financial advice with the emotions that drive our money decisions. Join Rick Kahler, CFP®, CFT™, as he blends practical financial wisdom with the emotional insights that shape our choices. Discover how financial therapy can help you make money decisions that truly align with your values..

Explore the emotional and financial complexities of transportation for seniors, the challenges of being a sole caregiver, navigating the emotional cost of asking for compensation, and the importance of building support and seeking help in this podcast.