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My State Flunked Financial Literacy. How About Yours?

My CFP peers across the nation are probably tired of hearing me sing the praises of living in South Dakota. One of them recently emailed some disturbing news that put some sour notes in my “South Dakota is God’s Country” song. A recent national survey that ranked the...

Single Parents Deserve a Hall of Fame

There are Halls of Fame for musicians, athletes, volunteers, and high achievers in many other fields. My quick check on Wikipedia found over 250 of them. Yet nowhere did I find recognition for one group who richly deserves it. There is no Hall of Fame for single...

Are You Financially Dependent on Your Advisor?

In researching financial dependence for last week’s column, I realized this money disorder shares similar characteristics with Dependent Personality Disorder as defined in the Diagnostic and Statistical Manual of Mental Disorders (DSM-5). If you think you may be...

Ten Things A Financial Therapist Wants You To Know

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...

Money And What Makes Life Worth Living

What makes life worth living? This question is at the heart of financial life planning and financial therapy. I remember my late mentor Dick Wagner, CFP, talking about reviewing a person’s financial statement during a visit to Japan. Along with the normal...

Digging Yourself Out When You’re Financially Stuck

Last week’s column on being financially stuck focused on getting help. But what if, for various reasons like affordability or availability, outside help isn’t a practical option? There are some steps you can take yourself to begin getting financially...