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Financial Therapy

Financial Therapy

"90% of Money Decisions Are Made Emotionally."

When More Technical Knowledge Isn't Enough

Self-destructive or ineffective financial behaviors have little to do with how much money you have. Whether we have a little money or a lot, our relationship with money can be a source of deep pain and damaging confusion. Financial therapy can help. For example, consider the following:

  • • Are you depressed about your finances?
  • • Do you lie awake nights fearful that the money will run out?
  • • Are you tired of working long hours because there will never be enough money?
  • • Have all your good intentions still not resulted in getting that will drawn?
  • • Do you, or a family member, continually overspend your income, regardless of how hard you try not to?
  • • Do unexpected "one-time" expenses continually sabotage your spending plan?

If so, you are not alone. When things are not working in our financial lives, our research shows a person usually needs more than additional technical knowledge about money, finances, and investments.

Ninety Percent of Money Decisions Are Made Emotionally

Researchers tell us that about 90% of our financial decisions are made in the emotional part of the brain. Instead of using the logical portion of our brain to make money decisions, we use the logical portion of our brain to justify the emotional decisions.

In financial therapy, we help clients understand that most financial decisions are governed by what we think, feel, and believe about money and how those beliefs are affecting our everyday financial decisions. Financial therapy can help facilitate conversations around money between couples, families, parents and adult children, and business partners, bridge the gap between money and emotions, explore emotions around money and money beliefs, work through life transitions, and find the root of money behaviors.

We often need to look to our money history for the clues as to why our present relationship with money isn’t working well. Our money history also includes what we think, feel, and believe about all aspects of money. Unfortunately, money decisions made emotionally or unconsciously are not often in our best financial interests.

We provide you with solid, practical tools for understanding and reshaping these unconscious assumptions that keep you stuck. We have developed a clinically proven method of making sound, logical financial decisions. Through years of research, we’ve combined the principles of financial planning, behavioral finance, and experiential therapy to develop a personalized process – we call it financial therapy – that leads to financial serenity, sobriety, and security.

This process helps you understand how your past financial beliefs and history are affecting your life today and gives you a road map by which you can permanently change undesired financial behaviors and start living in harmony with your goals, dreams, and values.  The results are integrated into a financial plan to help you achieve peace of mind and a happier, richer, more fulfilling life.

Financial Planning and Counseling:

A Pioneering Approach for a New Financial Age

Our firm is one of the few in the nation that partners with counselors and coaches to help our clients understand their relationships with money in order to help them permanently change their financial behaviors. Our clinical research shows that Kahler Financial Group's clients are more disciplined and better at sticking to their financial plans because they have a clear outlook on the new financial planning landscape and are knowledgeable about how their wealth affects other aspects of their lives.

Rick's work in the emerging field of financial therapy has resulted in four co-authored books, a ground-breaking clinical study, and the creation of the Onsite workshop on financial therapy. The Wall Street Journal heralded him as a pioneer in “financial integration.”  In her book Coming Home To Myself, Wynonna Judd wrote about how her work with Rick and Dr. Ted Klontz changed her life. ABC has featured Rick and Dr. Klontz on their 20/20 news show and  Good Morning America.

As a KFG client, you will learn the underlying emotional issues that keep you making the same money mistakes over and over. In a practical, personal way, Kahler Financial Group can offer a plan for building a comfortable and productive relationship with money.

We’d like to hear from you. Send us your comments or questions about financial therapy.

Sarah Swantner

It’s not every day that a college student gets to be the first person in the US to accomplish something. It’s rarer when that student’s pioneering achievement is also a “first” for their university.

The student is KFG's own, Sarah Swantner. The university was South Dakota State University’s West River Graduate Center, located in Rapid City. What have they accomplished ahead of Yale, Stanford, Berkeley, Harvard, or any other of the 5,300 universities in the US?

In May of 2018, Sarah received her Master’s Degree in Clinical Mental Health Counseling. She became the first person in the US to earn this degree by doing her internship in financial therapy.

This milestone happened without much notice or fanfare. Based on many discussions with Sarah’s professors and with Susan Lorenzen, the professor who encouraged and supervised her internship, it doesn't seem that even the faculty of SDSU fully grasps the significance of the event.

To read more on this, check out our Blog from May 2018, by clicking here.

We are proud to announce that Rick Kahler is now a Certified Financial Transitionist®.

“As a Certified Financial Transitionist®, I understand human transitions on their deepest levels. I know what influences the way we think and act when our world has suddenly and irrevocably changed. I’m able to identify when a transition is going well, and I have tools to further enhance the experience. And if a client is struggling with their transition, I know how to keep them safe and help them work through their difficulties.”

Unlocking Your Money Mindset

Learn more about Financial Therapy in this interview with Rick Kahler for the webinar series, "Unlocking Your Money Mindset", hosted by Kate Schroeder, Psychotherapist, Relationship Expert, and Financial Expert.

What is a Certified Financial Transitionist® (CeFT®)?

Whether they begin with an inheritance, the sale of a business, or both simultaneously, transitions thrust individuals and families into a position where what was once considered stable is suddenly in flux. Traditional financial planning definitely covers the bases when it comes to important topics such as taxes, investments, cash flow, and estate planning. But that’s only half of the experience of financial change. The other half is the human experience of adapting to change.

The Sudden Money Institute (SMI) has spent 19 years studying the psychology, sociology, and neuroscience of change. They’ve even delved into what thought leaders in the business world say about change and adaptation. As important, they know that perceptions and expectations about change are powerful and can profoundly affect thinking and decision-making.

The Sudden Money Institute created the Certified Financial Transitionist® (CeFT®) designation to give financial planners and their clients science-based, field-tested tools and protocols designed specifically to merge the personal side and the technical side of financial change. The training and certifying division of SMI, the Financial Transitionist Institute, awards this new designation only after candidates demonstrate: fluency with the unique skill set of the CeFT®; deep knowledge of the stages of transition; and skillful use of proprietary materials designed for Financial Transitions Planning. That yearlong-plus process includes mandatory coaching, over 30 hours of coursework, and a Day-Long Certification Exam that tests content, communication, and listening.

The result? Professionals who can create solutions that are customized for each client’s unique values, relationships, and vision of the future.

To find out more about this certification:

 

https://financialtransitionist.com/