Financial Therapy 101

Posted by on April 6, 2010 in Financial Therapy | 2 comments

First, a little background ….

I started out my professional life as a CPA working in the field of wealth management. Through that work, I realized that we each have a relationship with money – and this relationship drives not only our financial choices but also our day-to-day life choices. It is like a mirror to our relationships with other people as well as “things” such as work, health, recreation, financial assets, and material possessions.

All too frequently, I observed that a client’s relationship with money robbed him/ her of their desired relationships with family or friends, of work-life balance, or of peace of mind. I wanted to refer them to someone for assistance, but could not find anyone to whom to refer. Over time, I realized that I was being called to meet this need – to help others enhance their relationships with money so that they could lead more authentic and fulfilling lives. This is the aim of Financial Therapy.

Through Financial Therapy, clients learn about their current relationship with money. Some times they learn how it became what it is, but more importantly, they develop the tools with which to redefine the relationship.

Since financial distress strongly contributes to depression, anxiety, relationship issues, and a host of other problems, developing a healthy relationship with money can enhance all areas of life – physical, mental, emotional, relational, and spiritual. And that is why I am so passionate about Financial Therapy.

Over the next few weeks, I will be introducing you to some of the basic tools utilized in Financial Therapy. I encourage you to embrace these and let them work for you. If you find you cannot do it on your own, please let me know how I can help.

2 Comments

  1. As a recently displaced professional, I am in a position to be concerned about my retirement and future. The demand in my locality for my skills is minimal. Fortunately, I planned for several months of unemployment…but not for a move. My spouse will need to move from our home of over 30 years. This will be the hardest choice in our marriage. Financial therapy, if you can call it that, may be needed for so many of the displaced who will be relocating to take new positions.

  2. Diane, thanks for your comment. My heart goes out to you as you and your family as you navigate the current challenges. Indeed, the economic downturn has led many of us to situations we simply never anticipated – or at least not for the duration we’re facing.
    Homes are more than buildings. They are filled with memories and sentimentality. Fortunately, the memories are yours forever, and come aspects of what made the home so special can be recreated.
    My husband and I love to travel, and occasionally I’ll feel “home sick” for somewhere we’ve been. I used to think “oh, that was nice” or “I want to go back some day.” Then one day the idea hit me to press into this longing – to figure out exactly what I was missing – and then to see how I might incorporate this aspect into my daily life.
    This process has blessed me, and I hope it will do the same for you. When you feel homesick for your home of 30 years, you might consider what it is – specifically – that you miss and then consider how to reclaim or re-experience these.

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