Financial Therapy
May 9, 2022
In the financial therapy program that I co-founded in 2007 with Dr. Ted Klontz, we taught and practiced a lot of “mindfulness” meditation. After a meditation we would often ask, “So what does this have to do with money?” During the first part...
Apr 4, 2022
Last week we looked at four types of “stinking thinking,” cognitive biases that can contribute to poor investment decisions. Here are six more. Monte Carlo Fallacy. This is placing too much emphasis on the likelihood of an event happening, just because it...
Mar 7, 2022
Do you rely on others for the bulk of your monthly income? If so, it’s possible your relationship with money may be suffering. Many people experience setbacks or life circumstances that result in temporarily relying on others for financial help. Being financially...
Feb 14, 2022
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...
Feb 7, 2022
Bari Tessler was practicing financial therapy before most of the rest of us had ever heard the term. A psychotherapist, Bari decided to go into the bookkeeping business, quickly saw the union of psychology and money, and in 2001 began calling her work financial...
Jan 24, 2022
The last thing in the world I would ever want to be is a couples therapist. This is despite—or perhaps because of—the fact that for 40 years most of my work as a financial planner has been with couples. Helping individuals negotiate their relationship with money...
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