
What’s the Difference? The One Thing That Every Prospective Client Needs to Know About Your Practice
Secrets of Successful Advisors℠ with Ken Haman
Wealth and Fear: The Relationship with Money
The accumulation of wealth is directly related to reducing anxiety. People who have inherited wealth are fewer than those who have created wealth. Most people have experienced not having enough money, which led them to take risks and make efforts to increase their wealth to lower their fear. This fear-driven behavior includes making more, saving more, investing more, and seeking financial advice. The financial advisor's most common concern is how fast the money can grow, as it directly relates to resolving the anxiety of not having enough. This anxiety about not having enough money is the primary concern for most people, while very wealthy individuals may not share the same concern.
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