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 addresses the following key points:
- Money challenges that span across different income levels.
- Limitations of current financial literacy programs.
- Emotional aspects of money and how they impact people from various financial backgrounds.
- Innovative approaches needed to empower everyone financially, irrespective of their social standing.
“I’ve also tried to offer additional classes through our community education program on financial-emotional-intelligence and other aspects of money psychology. What’s so interesting – there’s a notable discrepancy in attendance. The technical classes thrive…[but] those classes I’ve offered on understanding the intersection of money and emotions – they struggle to attract participants. So much so, I’ve stopped offering them.”
– Rick Kahler, MSFP, CFP ®, CFT-1™, CeFT ®
Don’t miss out on all the insights. Check out the full episode!