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

Gambling, gaming, and hoarding for many can be an enjoyable endeavor. For some, it can become impulsive, compulsive or part of an unhealthy cycle.  Rick and Deb Kaplan explore what beliefs and behaviors one might consider to assess whether healthy behaviors are problematic, compulsive or addictive. Rick steps into the client’s seat for an impromptu session in the second half of the segment to answer his question; do I have a hoarding issue, or do I just like to collect objects of sentimental value?”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 do with a million-dollar windfall? This question was the topic of a survey in a March 28, 2023, article by Jessica Whitehouse in onlinegambling.com,  “This is how Americans would spend $1,000,000 in lottery winnings.” Before I read past the headline, I mentally answered, “Blow it!” However, 80% of the 500 respondents said they would do one of three things with the money: buy a house, invest it, or pay off debts. Maybe that was a sign that people are more practical and conservative than I was giving them credit for. But I wasn't convinced, so I dug a little deeper.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.

“Rick, what is your money script?”  I was a bit baffled and responded, “I have well over one hundred, I don’t have just one.”  He responded, “No, there are only four and I was wondering which one is yours.”  He clearly didn’t understand the concept of money scripts. In this episode we explore the origins of this myth and the myth that there is one superior money script to have.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.

Join Rick for a conversation with Chaitali Shah, a financial coach with, Wealthron, Mumbai, India. Chaitali will talk about her transition from the finance industry where she has worked since the age of 21 and gained extensive experience in financial planning, investment management and taught financial economics, to becoming a pioneer in India in financial coaching. She shares a transformative event that came from attending Rick’s “Real Money” workshop. 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.

Compulsive behaviors are often due to an individual’s need to self-medicate unresolved wounds. Deb Kaplan and Rick Kahler explore the psychology of compulsive financial behaviors through the lens of Internal Family Systems (IFS). IFS focuses on a person's internal “parts” and “Self.” Partners can apply IFS to understand themselves and heal their coupleship's money conflicts.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.

K.I.S.S., Keep It Simple Stupid.  It’s a catchy phrase, but what does it mean?  What does simple mean.  Does it mean to make complex topics understandable, or not to make a simple communication overly complex, or not to oversimplify complex topics?  Oliver Wendell Holmes explained oversimplification this way,  “For the simplicity on this side of complexity, I wouldn't give you a fig. But for the simplicity on the other side of complexity, for that I would give you anything I have.”  How do our emotions play into creating simplicity that’s harmful financially?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.

It doesn’t occur to most people to seriously consider the likelihood they may outlive their retirement income.  It is often “blown off” with an attempt to laugh it off.  It’s often one of those laughs that is more about anxiety that anything that’s actually funny.  The greatest financial risk for depleting retirement resources is an unexpected and lengthy stay in a long-term health care facility, like a nursing home or an assisted living center. Common estimates say that about 70 percent of adults over 65 will need long term care. The current reality is that there are not enough units to take care of the demand and the care is prohibitively expensive for most people.  The job will fall to family members, at a significant financial and emotional cost.   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 media you consume is a significant factor, probably the most significant factor, in your investment returns.  If you are one of the millions of Americans that choose to only consume media with a far left or far right ideology, it would be in your financial best-interest to be “down the middle” with your consumption of economic and investment news. Separating one’s political ideology from their investments, however, can be difficult. It’s hard to be 100% in on any political ideology, with the exception for economic and investments.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.

Why is it so hard for many couples to talk about money? Rick’s guest, Debra Kaplan, dives into romantic relationships, some of the reasons that it becomes hard to discuss money and the ways that our childhood experiences influence our beliefs and behaviors about 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.

How many times have you heard yourself or your partner repeat these statements; “I’m passionate about work, that’s why I work long hours!” or, “I won’t be home late?” In this episode, Rick and Deb take on the topic of workaholism other money behaviors, beginning with work and shifting to compulsive shopping/spending. They explain the difference between being passionate about work and unhealthy work behaviors (workaholism), and shopping versus buying.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.