Financial Therapy 101

Posted by on April 6, 2010 in Financial Therapy | 1 comment

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.

One Comment

  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.

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