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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#169 - From Money Stuck to Money Flow Using IFS with Britt Frank
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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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168 – The Science of Getting Unstuck with Britt Frank
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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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167 – Love is Grand, But a Prenup Can Be Too
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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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166 – Wealth Equals Well-being - Only If You Spend It
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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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165 - Beyond Calories & Budgets -Breaking Societal Taboos & Finding Lasting Change – Part 3
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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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164 - Beyond Calories & Budgets -Navigating Emotional Dimensions – Part 2
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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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163 - Beyond Calories & Budget Unveiling the Parallels - Part One
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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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162 - Rich or Poor - The Need for Financial Literacy
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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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161 - Exploring The Fears of Not Owning a Home
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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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160 - Beyond Golden Years: Unraveling the Emotional Maze of Senior Financial Planning
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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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159 - Wealthy Families: Beyond the Glitter, Unveiling Hidden Challenges with Dr. Moira Somers
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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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158 - Cracking the Procrastination Code - Why We Delay Financial Action & How to Stop with Dr. Moira Somers
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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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157 - Is Financial Therapy Right for You? Unlock the Signs & Take Charge!
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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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156 - Reflections on The Third Anniversary of The Financial Therapy Podcast and What It Means To Pick Up a Penny
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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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155 - African Psychology & Financial Therapy - Finding Freedom & Boundaries – Dr. Prince Sarpong
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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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154 - When African Psychology Meets Financial Therapy–Dr. Prince Sarpong
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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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153 - Unlocking Financial Harmony - The 8 C's and 5 P's of Well-being
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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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152 - Escaping the Guru Trap - Breaking Free from Destructive Financial Cults with Jillian Knight – Part 2
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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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151 - Escaping the Guru Trap: Jillian Knight's Story – Part 1
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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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150 - Master Your Emotions on the Financial Rollercoaster
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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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149 - Uncovering Hidden Gems – AI vs. Authentic Intelligence with Susan Bradley - Part 2
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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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148 - Uncovering Hidden Gems – The Intersection of Financial Transitions & Financial Therapy with Susan Bradley – Part 1
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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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147 - A Fiduciary Advisor Is Not Enough Anymore
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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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146 - One Set of Money Scripts We Don’t Talk About
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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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145 - Understanding the Emotional Landscape of Debt Forgiveness
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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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144 - Beyond Roadblocks: Unleashing Productive Conversations
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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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143 - Empower, Don't Advise: Unlocking People's Potential
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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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142 - Resistance Means You’re Moving Too Fast
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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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141 - Talking Money, a Taboo Topic in Both the US and Africa
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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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140 - A Dire Prediction With a Massive Miss
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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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139 - Cognitive Biases That Harm Long Term Care Decisions
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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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138 - Transitioning to Full-Time Travelers with Tamala Floyd
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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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Positive thinking about money can be beneficial, but it can also be harmful if it leads us to suppress our emotions. Emotions like joy, gratitude, and love are crucial for making sound financial decisions. However, when we deny ourselves the opportunity to fully experience our emotions, it can negatively impact our mental and financial well-being. …
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135 - Resistance Means You're Moving Too Fast
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In my experience as a financial professional, I've come to believe that "When you meet resistance, you are moving too fast." This principle holds true in relationships, especially in my role as a financial advisor and therapist. The common misconception is that people seek financial professionals solely for financial advice. Professionals often ass…
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134 - Exploring Money Scripts of Around Long-Term Care
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In Charles Dickens' "A Tale of Two Cities," he expertly demonstrates that appearances can be deceiving. This theme extends beyond the novel and applies to various aspects of life, including the contrasting approaches to long-term care taken by two seemingly similar families. Both families share numerous similarities in terms of race, political part…
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133 – How Much Do Emotions Affect Your Definition of Rich?
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How much money do you need to have to be considered rich or wealthy? The best answer is “it depends,” considering your definitions of rich and wealthy. Are they terms defined by one’s net worth, income, or overall wellbeing? Is the context local, national, or global? Depending on the definition, one could qualify as rich in one context and impoveri…
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132 - The Money Scripts of Paying a Child for In-home Healthcare
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With people living longer, I've noticed that my older clients, who are particularly aware of their declining physical capacities, are increasingly open to the idea of receiving in-home health care, can be expensive, and many seniors may struggle to afford all the in-home care they really need. One potential solution for seniors who require in-home …
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131 - Rick's Recap of the 2023 FTA Conference
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What is the Financial Therapy Association? Rick recently attended the 14th Financial Therapy Conference held in Charlotte, NC. He talks a little about the history of this relatively new organization and a few of his personal highlights of the many discussions he had with so many in attendance, both legends and first timers. He gives some insights a…
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130 – If Only My Partner Would Change, Things Would Be Great!
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“If my partner would change, we would resolve our conflict about when and where we should retire!” “My spouse doesn’t understand that I work hard for us!” These are common statements uttered in frustration about money and work conflicts. So, how do couples make their conversations constructive and create financial intimacy? Rick’s guest Deb Kaplan …
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129 - What Can Be Emotional About Travel Insurance?
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One important thing to take along when you travel abroad is travel insurance. I needed to use mine on three international trips this year, one to London in January, one to Puerto Rico that I didn’t take in February, and one to Budapest in May. These are the only international trips I’ve taken since January 2020. Obviously, my post-pandemic travel i…
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128 - Dealing With The Emotional Trauma of Insolvency
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Personal bankruptcy is not something I’ve addressed in the podcast, which surprises me given the approximately one million people a year who file for bankruptcy in the U.S. I’ll be the first to admit that listening to a podcast on insolvency or bankruptcy doesn’t relate to most of us, however by one source 25% of us are insolvent. The topic can be …
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127 - I Don't Deserve Money Means I Don't Deserve To Live
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“I don’t deserve money,” is one of the ten most common money scripts. Holding this belief has very little to do with whether society, friends, or family view you as deserving. Few people would argue that we all deserve the support money can give us to have nutritious food, safe and adequate shelter, and access to safe and reliable transportation. S…
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#126 - From Macro to Micro – How do Cognitive Biases Form
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Rick and his guest, Deb Kaplan, introduce the term Cognitive Biases in this segment. They choose Confirmation Bias and Loss Aversion to explore how couples can resolve conflict by first understanding their own biases. This provides couples an opportunity to be curious about themselves and their partner’s perspective. Curiosity, compassion, and comp…
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#125 - 7 Critical Areas That Lead to Unethical Financial Decisions
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You might think that you lack financial savvy and are doomed to make money mistakes. But even people who are good with money can slip up sometimes. One of the tricky things about poor financial choices is that they often go unnoticed or unacknowledged by the person who makes them. It might take a long time for them to realize the consequences of th…
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#124 How Fear and Anxiety Keeps You Poor and Others Rich
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Vendors pushing investments like gold are selling more than gold, they are pushing fear, creating a sense of panic and anxiety within a person that they suggest can only be solved by buying gold. The problem is that they have a huge conflict of interest. If you don’t buy gold, they don’t eat. It’s in their interest that they motivate you to buy gol…
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#123 Wondering About IFS, MDMA, Groups, and Transformation
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Rick visits some notes he made in 2020 where he wondered about the possibilities of applying IFS, MDMA Assisted Therapy, and the use of groups to financial therapy. All of these are transformative in their own right, but what are the possibilities when combined with financial therapy? A podcast that blends the nuts and bolts of financial advice wit…
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#122 - Are Gambling, Gaming, and Hoarding Always a Problematic Behavior?
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Gambling, gaming, and hoarding for many can be an enjoyable endeavor. For some, it can become impulsive, compulsive or part of an unhealthy cycle. Rick and Deb Kaplan explore what beliefs and behaviors one might consider to assess whether healthy behaviors are problematic, compulsive or addictive. Rick steps into the client’s seat for an impromptu …
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#121 - Winning the Lottery - What I Ought to Do vs. What I Do
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What would you do with a million-dollar windfall? This question was the topic of a survey in a March 28, 2023, article by Jessica Whitehouse in onlinegambling.com, “This is how Americans would spend $1,000,000 in lottery winnings.” Before I read past the headline, I mentally answered, “Blow it!” However, 80% of the 500 respondents said they would d…
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#120 - Money Scripts Myths That Won't Go Away!
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“Rick, what is your money script?” I was a bit baffled and responded, “I have well over one hundred, I don’t have just one.” He responded, “No, there are only four and I was wondering which one is yours.” He clearly didn’t understand the concept of money scripts. In this episode we explore the origins of this myth and the myth that there is one sup…
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