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Financial Dependency: Relying On Others For Money

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...

“So Daddy Pays You?” Divorce, Money, and Emotions

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...

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...

Average U.S. Salary and Your Financial Comfort Zone

What would you guess the average American worker makes in a year? This is the question Nina Strohminger, professor of legal studies and business ethics at University of Pennsylvania’s Wharton School of Business, asked her business students recently. Wharton is the...

Failing To Make A Will: A Final Act of Unkindness

We’ve made it to the middle of January, that time of year that is the graveyard for so many New Year’s resolutions. Even if you abandon any other resolutions you may have made, though, please consider carrying out a very important one. Resolve to make a...

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...