Are you and your spouse truly aligned when it comes to finances? Do you rarely experience conflicts about money? If so, you might have financial intimacy in your relationship. This goes beyond merely sharing financial information. It involves both partners feeling...
Last week I addressed the gravity of the increased risk of suicide after experiencing a personal financial crisis. This underscores the seriousness with which we all need to approach making financial decisions, especially those involving high-risk speculative...
One of the emotions—or more accurately, the constellation of many emotions—that financial planners often must help clients deal with is grief. It’s common for people to engage a planner during times of transition and loss such as the death of a parent or spouse....
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...
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...
