“Sometimes financial literacy doesn’t work.” That’s what Rick told Anne Kates Smith of Kiplinger’s Personal Finance magazine for an article published in the August issue.
Not that Rick is opposed to financial literacy. But he and other professionals quoted in the Kiplinger article point out that we simply can’t learn and practice money management skills like budgeting if we have heavy emotional baggage around money.
The article, titled “Your Worst Money Problems Are All In Your Head,” makes a strong case for becoming aware of our money beliefs and using financial therapy to realign the ones that don’t serve us well. Read the entire piece here.