show episodes
 
Research tells us that 90% of all financial decisions are made emotionally, not logically. For nearly four decades, Rick Kahler, CFP®, CFT-I™, has helped people make better money decisions. What makes his financial world view different from most financial experts? He blend the nuts and bolts of financial advice with the emotions that drive making them. Every financial behavior, whether it appears illogical to you or others, makes perfect sense when we understand the underlying beliefs, feeli ...
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show series
 
Fear and frustration about Social Security's future are spreading like wildfire, especially during election seasons. Politicians have intensified these concerns, warning that Social Security will go broke by 2035. This has left many, especially younger workers, feeling bitter and anxious about their financial futures. Stories of individuals doubtin…
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When people think of "Dying Broke," they often picture spending their retirement on memorable experiences, influenced by optimism bias. However, the harsh reality is that many will outlive their financial resources due to long-term health care costs, driven by availability heuristic and anchoring bias. The hidden and escalating fees in assisted liv…
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The transition to retirement often prompts crucial questions about financial well-being. Is ongoing financial planning or therapy essential during this new life chapter? And can retirees realistically afford these services? While the importance of financial guidance in retirement is undeniable, the feasibility of accessing such support varies widel…
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In this episode, Rick explores the evolving perspectives on career and passion within the financial life planning community. Once an advocate of "do what you love and the money will follow," many early life planners have now realized the challenges of balancing fulfilling work with financial stability. Featuring insights from Scott Galloway and Jon…
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In this episode, we delve into the evolving definition of "inflation" and the cognitive biases influencing public perception. While economists traditionally define inflation as the gradual loss of purchasing power reflected in the CPI, many Americans now equate it with high prices. This shift, highlighted in Mike Allen's article "The New Inflation,…
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The iLLogical gang return to discuss *the country's political affairs (6:32), the 2024 Summer Olympics in Paris (19:15), the NFL's '2024 Top-100 Players' list (34:20), how 'EA College Football 25' has made the world a better place (40:57), Marvel updates at San Diego Comic-Con, including Robert Downey Jr.'s return to the MCU as Doctor Doom (50:40),…
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Rick tackles a common misconception about Social Security benefits. Many people opt to take their benefits early to avoid leaving money on the table if they pass away young. However, this very reason is exactly why they should consider waiting and why cognitive biases and emotions keep us locked into making a poor decision. We’ve all heard that by …
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Are you struggling to break free from unhealthy money habits? Do anxiety and shame sabotage your financial goals? In this video, I dive into a groundbreaking therapeutic approach called Internal Family Systems (IFS). You'll learn how IFS can help you understand the "parts" within you that drive your money behaviors. We'll explore how these internal…
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Feeling stuck? In this episode, host Rick chats with psychotherapist and best-selling author Britt Frank. Discover the neuroscience behind stuckness and practical tools to make positive changes in your life. Britt discusses the difference between feeling stuck due to a lack of choices versus disliking your options. She emphasizes the importance of …
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Ditch the stigma! This episode dives into the surprising benefits of prenups, even for young couples starting fresh. We'll show you how exploring a prenup, whether you choose to create one or not, can spark crucial conversations about finances, debt, and your future together. Forget just dividing assets - prenups can build communication, trust, and…
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The iLLogical gang return to discuss why Father's Day & his 35th birthday meant so much to J.C. (2:53), Kendrick Lamar's 'The Pop Out' concert on Juneteenth (13:03) & the "Not Like Us" music video (48:42), the last rap song that was a mega-hit (1:01:53), if the concert or the music video was more damning to Drake's diss records (1:07:29), how Drake…
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Forget everything you think you know about Ebenezer Scrooge! This video unravels the surprising truth behind his "miserly" ways. Was he really only concerned for himself ? OR did his spending habits underscore that he suffered from hidden trauma that actually warped his ability for self-care? Discover the key to Scrooge's transformation (hint: it's…
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Conclude the series with Rick and Celia as they tackle societal taboos around money discussions and draw parallels between financial secrecy and body shame. Explore the emotional complexities faced by individuals in larger bodies, navigate biases, and challenge assumptions about happiness and appearances. Gain insights into the link between self-wo…
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Dive deeper with Rick and Celia as they explore the profound link between feeling secure in your body and financial safety. Uncover the emotional drivers behind controlled or chaotic eating, and how both food and spending can be used to seek connection or disconnection. Learn about the psychological roots of money and food-related behaviors, emphas…
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Join financial therapist Rick and food & body image specialist Celia Clark as they shatter myths about health and unveil surprising connections between healing your relationship with food and managing your finances. The speakers explore the concept of "bonding" with food or money, and how societal pressures play a role. Explore the link between deb…
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The iLLogical gang return to discuss the decision making of J. Cole (1:52), Drake (3:28) and Kendrick Lamar (23:22) post battle, what the criteria is for a festival (32:49), Puff Daddy's evil deeds being shown to the public (35:30), *new music, which includes Eminem's new single, "Houdini" (43:40) & Vince Staples' new album, 'DARK TIMES' (1:05:10),…
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Money challenges cross income lines. This episode sparks a thought-provoking discussion on why everyone needs financial literacy. We explore limitations of current programs, delve into emotional aspects of money across income levels, and consider what else is needed. Join us as we challenge assumptions and discover new approaches to empower everyon…
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Is homeownership the dream for everyone? Join Rick as he dives into the complex emotions behind renting vs. owning. Discover the hopes, fears, and personal factors that shape this life-altering decision. This insightful exploration goes beyond finances, offering valuable perspectives for financial planners and individuals seeking a holistic underst…
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Forget financial utopias! This episode tackles the often-overlooked emotional realities of senior financial planning. Explore the unique hurdles faced by seniors, from navigating changing health to grappling with complex financial decisions. This eye-opening journey provides crucial insights for both seniors and their loved ones, empowering you to …
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Family fortunes come with unique challenges. Join Dr. Moira Somers, a leading expert in wealth psychology, as she delves into the complexities of "business royalty." Explore the intricate web of challenges impacting relationships within families and communities, gaining valuable insights for navigating success and prosperity with grace. This episod…
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The iLLogical gang analyze the aftermath of the Drake vs. Kendrick Lamar by discussing if it's the greatest Hip-Hop battle in pop culture history (10:01), if Drake can bounce back from this (27:35), were scorecards used to rank each diss record (44:27), the responses from Drake's fan base aka 'Aubrey's Angels' (1:00:52) and so much more.…
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Ever seek money advice but struggle to follow through? You're not alone! Join Dr. Moira Somers, renowned psychologist and wealth expert, as she dives into the "procrastination puzzle" in finance. Explore the hidden design flaws and psychological roadblocks that hinder financial follow-through. Discover strategies to overcome procrastination and emp…
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The iLLogical gang was fully prepared to have in-depth conversations about the NBA playoffs, 2Pac's estate warning Drake about "Taylor Made", the 2024 NFL Draft, Caitlin Clark in the WNBA pre-season and Reggie Bush getting his Heisman back. Then Kendrick Lamar declared "Hell Week" on Drake (3:35) by dropping "Euphoria" at 8:24am Tuesday morning, "6…
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Feeling overwhelmed by money decisions? Struggling with past financial trauma? This episode is your guide! Join Rick as he answers the crucial question: "How do I know if I need a financial therapist?" Discover the key signs and emotions that might signal it's time to explore financial therapy. From emotional spending to lingering debt trauma, we'l…
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Join us for a special edition of the Financial Therapy Podcast as we celebrate our third anniversary! Host Rick Kaler reflects on the journey of producing 156 episodes, sharing insights and lessons learned along the way. Rick dives into an intriguing discussion on the psychology of picking up a penny, exploring various money scripts and the emotion…
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The iLLogical gang discuss their thoughts about WrestleMania 40 (4:04), as well as the rap beef that has turned into a royal rumble, which includes J. Cole's apology (12:34), 'WE STILL DON'T TRUST YOU' by Future & Metro Boomin (16:23), Drake responding with "Push Ups" (24:43), Rick Ross responding with "Champagne Moments" (29:04), the impact that A…
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Dive deeper with Dr. Prince Sarpong and Rick as they discuss the complex relationship between financial freedom and community harmony. Discover how embracing healthy boundaries within the Ubuntu philosophy can unlock true liberation. Learn how prioritizing relational well-being alongside financial goals leads to a more fulfilling and meaningful lif…
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"Your money troubles run deeper than you think," says Dr. Prince Sarpong. Explore the impact of "Black Tax" and the Ubuntu philosophy on financial culture. Learn how cultural expectations, enabling dynamics, and community connection influence financial decisions. Discover a fresh perspective on financial freedom that goes beyond just the numbers. A…
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Tired of focusing on negative financial behaviors? Discover a path to true financial well-being! This episode unveils the positive traits that define a healthy relationship with money, guiding you from "tranquility" to "compassion" and beyond. Navigate the financial landscape with more clarity and confidence, fostering a sense of stability and cont…
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Join LMFT Jillian Knight and Rick as they delve deeper into the dangers of rigid financial communities. Explore tactics like shame, guilt, and manipulation used to control members. Learn to recognize these red flags and protect yourself from harmful group dynamics, even if they appear helpful on the surface. A podcast that blends the nuts and bolts…
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This week, the iLLogical gang discus the new Future & Metro Boomin album, 'WE DON'T TRUST YOU' (6:30), Kendrick Lamar's verse on "Like That" dissing Drake and J. Cole (13:48), if sides will be taken when Future & Metro Boomin release their next album on April 12 (27:51), the MAX docuseries 'Quiet on Set' (1:06:24), major developments within the Pow…
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Financial gurus promise riches, but can they trap you in shame and rigidity? Therapist Jillian Knight, LMFT, shares her personal story, revealing the red flags of extreme devotion and leader manipulation. Discover how this experience shaped her unique approach to financial freedom and empower yourself to make healthy choices. A podcast that blends …
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Imagine making a smart investment, then watching the market plunge. Panic sets in, your dream yacht vanishes, and "lost money" haunts you. This episode equips you to navigate emotional waves and make calmer financial decisions. Learn how to anchor your well-being and ride the market with confidence! A podcast that blends the nuts and bolts of finan…
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Dive deeper with Susan and Rick as they continue their captivating conversation. Explore how Susan's work with financial planners empowers financial therapists. They'll delve into the future, questioning the role of Artificial Intelligence and championing the power of Authentic Intelligence in both professions. Get ready for insightful perspectives…
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This week, the iLLogical duo returns to a trio as they welcome back Martin to discuss Super Bowl LVIII (4:22), the curse that keeps on cursing (16:13), Cam Newton's fight at a youth camp (27:51), Usher's halftime show (42:11), Kanye West's & Ty Dolla $ign's latest album 'Vultures 1' (48:21), Benzino still going at Eminem (1:03:15), Vince Staples' '…
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Buckle up for a thought-provoking ride with Susan Bradley and Rick! Decades of conversations, never recorded until now, unfold as they explore the groundbreaking intersection of financial transitions and financial therapy. Be surprised as they uncover hidden gems, sparking insights for financial planners and therapists alike. Join this spontaneous,…
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The real issue isn’t whether your financial advisor is a fiduciary, it’s whether they have a conflict of interest. Here is the sad truth. Most Americans believe they already receive objective, fiduciary advice. The overwhelming odds are that they don’t, especially if the advisor has a conflict of interest over how they are paid. Some data suggests …
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What money scripts has Rick never thought of, has he never covered in any of the books he’s authored? Surveys show that if the average American didn’t have these money scripts, they would do things differently. Every American has money scripts on this topic, and yet it isn’t a topic that is top on the list to discuss on date night, or any other nig…
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Embark on an insightful journey as we explore the nuanced emotions surrounding student loan forgiveness in this episode. Prompted by a recent inquiry from a talk-show host, Rick delves into the emotional terrain, especially for those who never carried student debt or did not qualify for forgiveness programs. What might it feel like for individuals …
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These 12 roadblocks can prevent you or your clients from listening effectively because they focus on the professional’s agenda rather than the client’s needs. They can also leave the listener on the defensive or feeling a plethora of emotions, which makes it very difficult to have a productive conversation. After listening to these 12 Roadblocks, y…
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This week, the iLLogical duo discuss the road to the NFL Conference Championships (4:41), more NFL head coaching hires (21:43), Vince McMahon resigning from the WWE after the latest allegations (37:59), 'Raising Kanan' Season 3 finale predictions (51:18), updates on the Michael Jackson biopic (58:00), 21 Savage's latest album 'american dream' (1:03…
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Most professionals make their living giving advice. Many of us go to lawyers, doctors, therapists, accountants, and financial planners for their advice. Early in my career I was more than willing, even eager, to oblige dispensing advice, solicited or not. At the heart of seeking advice is when we may be contemplating making a change in the status q…
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“When you meet resistance, you are moving too fast.” This is a truism that I hold to when it comes to relationships, especially in my capacity as a financial therapist. The illusion is that people come to financial planners and therapists for financial advice. Financial professionals often assume that when they give advice that would seem an obviou…
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The iLLogical duo finally return to the podcasting world to discuss the reason for their hiatus (1:09), 2023 NFL & NCAA season recaps (3:08), NFL Wild Card round predictions (17:22), NFL head coaching changes (26:26), Katt Williams (35:30) and Stephen A. Smith (39:39) setting the tone for the year, Draymond Green still wilding out (45:12), 'Raising…
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“Money conversations are hard; people refuse to talk about money.” We know that is true in the US, and it’s equally true in Africa. Join Rick in an interview with Peter Kwadwo Asare Nyarko, the Executive Director of the Centre for Financial Literacy Education Africa. In bringing his passion for financial wellbeing to Africa and building a successfu…
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At the height of the pandemic recession, a June 22, 2020, headline in The Capitalist.com caught my eye: “Dollar Will Plunge 35%, Lose Status as World Reserve Currency.” This was quoting Stephen Roach, a senior fellow at Yale University and the former chairman of Morgan Stanley Asia, someone who is well respected by his peers. As it turned out, he w…
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Needing long-term care (LTC) is largely not something that is an unknown. This issue isn’t “if,” it’s “when.” I was recently talking with a client about the difficulty in having instant options available when deciding to go into independent or assisted living. LTC facilities often have waiting lists that are months or years long. When you need a un…
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Learn how Tamala Floyd, Certified IFS Therapist and Lead Trainer, transitioned her life to become a full-time traveler at no additional cost to, or significant change in, her lifestyle. She explains the preparation, both financially and emotionally, that it took to embark on this grand adventure, which may surprise you as much as it did Rick! A pod…
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Are you and your spouse truly aligned when it comes to finances? Do you rarely experience conflicts about money? If so, you might have achieved financial intimacy in your relationship. Financial intimacy, however, goes beyond merely sharing financial information; it involves feeling safe and comfortable discussing any money-related topic with your …
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