In a recent episode of the Financial Therapy Podcast: “Rich or Poor – The Need for Financial Literacy,” Rick Kahler, MSFP, CFP ® , CFT-1™, CeFT ® dives deep into the universal necessity of understanding money. This episode brings a thought-provoking discussion on why financial literacy is crucial for everyone, regardless of income level. The episode […]
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Unmasking Generational Financial Behavior: FTA Best Paper
A recent study published in the FTA Journal “Unmasking the Phantoms of Generations: A Comparative Study of Financial Responsibility and Stress Across Generational Divides” delves into the intricate relationship between generational divides and financial behaviors amidst the pandemic. Recognized with the “Financial Therapy Association Best Paper Award,” this research sheds light on how various age […]
Do You Need a Financial Therapist?
This article, Do You Need a Financial Therapist, outlines the rising demand for financial therapy services in the wake of the pandemic, shedding light on the emotional challenges tied to money that many individuals face. The piece suggests that financial advisors consider referring clients to financial therapists when traditional financial advice alone may not suffice, […]
Combining Psychology With Technology To Transform Client Outcomes
Delve into the intricate fusion of financial psychology and cutting-edge technology in a recent episode of the Human Side of Money Podcast. In this episode, Combining Psychology With Technology To Transform Client Outcomes, Emily Koochel explores the impact of integrating psychological insights with technological tools. Previous research had told us that personalization is important to […]
Financial Wellness vs. Financial Independence
In this recent episode of the Standard Deviations podcast, Dr. Daniel Crosby explores the concepts of Financial Wellness vs Financial independence. The guest, Dr. Thomas Mathar, shares his insights into these two important aspects of personal finance and how they intersect with overall well-being. Dr. Mathar emphasizes that financial wellness goes beyond mere financial stability […]
The Iceberg Follow-Up Model
In an article titled, “Fact, Situation, Feeling – Using The Iceberg Follow-Up Model To Connect With And Motivate Clients”, Meghann Lurtz, PH.D., FBS, introduces a 3-part approach that helps to uncover what’s most important to the client while also developing and deepening the client-advisor relationship. The stages of the model include: Fact-finding Situational exploration Emotional […]
Invest Like A Psychopath
In a recent episode of the 50 Fires podcast, Carl Richards spoke with Jamie, a diagnosed psychopath. This very incisive episode, Invest Like a Psychopath, explores psychopathy and money. How do neuro-diverse individuals think about their money and their life? How might they make financial decisions differently than neuro-typical individuals? I will not put myself […]
Helping Clients Find Deeper Meaning for their Money
This eMoney article explores the components of meaning, shallow vs deep meaning, and the connection between money and meaning. Derek Hagen, CFP suggests that the meaning in life is comprised of 3 parts: Purpose: Do clients have something to look forward to? Significance: Do clients feel like they matter, are valued, and that life is worth […]
The Future of Everything is Human First
Dr. Daniel Crosby did a special solo episode of the Standard Deviations Podcast for an episode on the shift of problems due to economic development, France’s public urination problem, and why Human-First is the antidote to the technological standardization we are already seeing affect the industry. “You are hired, retained, and help your clients most, […]
Why is Retirement so Stressful?
Why is retirement so stressful? According to the Harvard School of Public Health, the risk of a stroke or heart attack is 40% higher during the first year of retirement. Retirement is a goal, process, and mindset. With all of the changes going on, adjusting to a new life isn’t always straightforward. “Unless you ‘practice […]