Latest Money scripts Podcast Episodes
#72 Why Financial Therapy Fails – Part Two
The Financial Therapy Podcast - It's Not Just About The Money - September 13, 2022 09:00 - 27 minutesTherapy doesn’t work for everyone. Research shows that therapy fails to benefit 25% to 50% of clients. Of course, these findings suggest that 50% to 75% of people do benefit. It makes sense the same is true of financial therapy. These statistics piqued my curiosity to learn more about why fi...
#71 Why Financial Therapy Fails – Part One
The Financial Therapy Podcast - It's Not Just About The Money - September 06, 2022 09:00 - 28 minutesTherapy doesn’t work for everyone. Research shows that therapy fails to benefit 25% to 50% of clients. Of course, these findings suggest that 50% to 75% of people do benefit. It makes sense the same is true of financial therapy. These statistics piqued my curiosity to learn more about why fi...
#70 - There Is No Single Parent Hall of Fame
The Financial Therapy Podcast - It's Not Just About The Money - August 30, 2022 09:00 - 28 minutesThere are a number of Halls of Fames. My quick perusal of the Halls of Game on Wikipedia found over 250 different halls of fame. Nowhere in the list was there a Single Parents Hall of Fame. There should be. The emotional and financial challenges of being a single parent are monumental. A podca...
#69 - OMG! My Financial Therapist Has a Financial Therapist
The Financial Therapy Podcast - It's Not Just About The Money - August 23, 2022 09:00 - 27 minutesI once confessed to my clients that I had a financial planner. The reactions fell into two categories. “Should I be worried?” and “That’s a pretty strong endorsement of your profession, that you think so highly of your services you seek them out from a peer.” Should your financial therapist also...
#68 Surprising Personality Traits of Cryptocurrency Investors
The Financial Therapy Podcast - It's Not Just About The Money - August 16, 2022 09:00 - 27 minutesSpeculators in cryptocurrencies content they invest for the hope of high returns. Research shows they speculate in cryptocurrency for reasons that were not just about the money. They all held personality traits in, what psychology calls the” dark tetrad,” which is a group of four personality tra...
#67 Behavioral Finance or Financial Therapy?
The Financial Therapy Podcast - It's Not Just About The Money - August 09, 2022 10:00 - 27 minutesYour perception is your reality, regardless of what the facts suggest. When they were youngsters, my kid’s favorite TV show was Mythbusters. The host, Adam Savage, was known for saying, “I reject your reality and substitute my own.” He often said this in jest, but he was describing the human con...
#66 Money and the Meaning of Life
The Financial Therapy Podcast - It's Not Just About The Money - August 02, 2022 10:00 - 26 minutesWhile money will not give you meaning in life, there is extraordinarily little likelihood that you will find meaning in your lives without it. The purpose of money is to serve and support the search for meaning in our lives. We are hardwired with two general conditions, the need to survive and t...
#65 The Emotional Misunderstandings of Capitalism, Socialism, and Greed
The Financial Therapy Podcast - It's Not Just About The Money - July 26, 2022 09:00 - 22 minutesGreed, whether for money or food or anything else, is not produced by an economic model. Whether people live under a capitalistic, socialistic, or communist system—or in a Stone Age tribal group—greed is alive and well in all of them. Every human being experiences it in some way and on some le...
#64 The Importance of Grieving a Financial Loss
The Financial Therapy Podcast - It's Not Just About The Money - July 19, 2022 09:00 - 26 minutesAs a financial planner and financial therapist, witnessing a client grieving over a financial loss is ubiquitous. Financial losses include a job, a business failure, a poor investment decision, the loss of a significant financial asset like a car, home, cash, collectable, or precious metals. F...
#63 - Why We Don't Leave Money to Charities
The Financial Therapy Podcast - It's Not Just About The Money - July 12, 2022 09:00 - 26 minutesAmong people that have accumulated enough of a nest egg to pass on, my experience is there is little thought given to whom they will bequest the money. It’s generally a forgone conclusion any inheritance will go to their children or grandchildren. The societal money script around leaving an est...
#62 - The High Emotional Cost of Being Scammed
The Financial Therapy Podcast - It's Not Just About The Money - July 05, 2022 09:00 - 26 minutesIn the past when I read stories about scams, I often wondered how people could be so gullible. I assumed that the victims of fraud were the elderly or less educated, had suffered a recent loss of a loved one or who were isolated. While there is some data suggests that one in five over age 65 ha...
#61 Help, My Portfolio Has Fallen and I Can’t Get Up!
The Financial Therapy Podcast - It's Not Just About The Money - June 28, 2022 10:00 - 28 minutesThe prevailing emotion experienced by many when any market is falling is anxiety. The cause of anxiety is a feeling of worry, nervousness, or unease, typically when we anticipate a negative outcome to an imminent event or uncertainty. First, whatever you are feeling, you are feeling. That’s a...
#60 How Do We Heal From Financial Infidelity?
The Financial Therapy Podcast - It's Not Just About The Money - June 21, 2022 10:00 - 26 minutesFinancial infidelity isn’t necessarily “the problem” in itself. It often is tangled up with other difficulties in the relationship, and it almost always will exacerbate those problems. Even though it is very damaging, it is something a couple can face and can heal from. Couples can recover from ...
#59 What’s The Difference Between Financial Infidelity and Privacy?
The Financial Therapy Podcast - It's Not Just About The Money - June 14, 2022 09:00 - 25 minutesNot all money secrets add up to financial infidelity. Partners shouldn’t need to account to each other for every penny they spend. And saving on the sly for your spouse’s birthday gift is a lot different from lying about the cost of that new computer gadget you just had to have. Secrets cross th...
#58 What Is Financial Infidelity?
The Financial Therapy Podcast - It's Not Just About The Money - June 07, 2022 09:00 - 26 minutesKeeping secrets in a committed romantic relationship around other significant intimate relationships usually doesn’t end well. While an intimate relationship with others can include people, they more often include intimate relationships with non-human relationships, like with substances, alcoho...
#57 The Financially Healthy Professional
The Financial Therapy Podcast - It's Not Just About The Money - May 31, 2022 09:00 - 26 minutesOne of the most important ways people learn is through observing the behavior of others. Albert Einstein once said, “The only source of knowledge is experience.” “Telling” is not usually an effective method of teaching unless it is accompanied by “showing.” When it comes to helping clients buil...
#56 – When Your Partner is an Over or Under Spender
The Financial Therapy Podcast - It's Not Just About The Money - May 24, 2022 09:00 - 28 minutesFor an individual, overspending or underspending is a problematic financial behavior that can adversely affect the quality of life. For a couple, the adverse effect of overspending or underspending is multiplied and multifaceted. Not only can the behaviors be life threatening, they can also re...
#55 – The High Cost of Underspending
The Financial Therapy Podcast - It's Not Just About The Money - May 17, 2022 09:00 - 23 minutes“Be frugal.” “Save for the future.” “Live on less than you make.” That’s my usual financial advice, and it’s well worth repeating even though too many Americans aren’t following it. Sometimes, though, I find it necessary to work with clients to overcome a different problem—underspending. Huh? ...
#54 – Financial Denial, Enneagram Type Nines, and IFS
The Financial Therapy Podcast - It's Not Just About The Money - May 10, 2022 09:00 - 27 minutesFinancial denial is a protective behavior that is usually found in conjunction with several other problematic financial behaviors like compulsive buying behavior, gambling disorder, hoarding disorder, workaholism, financial dependence on others, and financial enabling. It’s especially common in...
#53 – Why Face Financial Pain When Denial Is So Easy?
The Financial Therapy Podcast - It's Not Just About The Money - May 03, 2022 09:00 - 27 minutesOne aspect of money disorders that contributes significantly to financial difficulties is denial or avoidance. Many of those with money disorders attempt to cope by simply not thinking about money or trying not to deal with it. Rather than acknowledging the impact of their troubled financial sit...
#52 – Are You Financially Dependent on Your Advisor?
The Financial Therapy Podcast - It's Not Just About The Money - April 26, 2022 09:00 - 27 minutesRick explains the more common money script types that are prone to financial dependence and why financial dependency also extends to relying on financial professionals with narcissistic, histrionic, borderline, or antisocial personalities. These advisors are more erratic and live for drama. Con...
#52 – Are You Financially Dependent on Your Advisor?
The Financial Therapy Podcast - It's Not Just About The Money - April 26, 2022 09:00 - 27 minutesRick explains the more common money script types that are prone to financial dependence and why financial dependency also extends to relying on financial professionals with narcissistic, histrionic, borderline, or antisocial personalities. These advisors are more erratic and live for drama. Con...
#51 – The Characteristics of Financial Dependency
The Financial Therapy Podcast - It's Not Just About The Money - April 19, 2022 09:00 - 27 minutesDo you rely on others for the bulk of your monthly income? If so, it’s possible you’re your relationship with money may be suffering. Being financially dependent is a financial disorder defined as “reliance on others for non-work income that creates fear or anxiety of being cut off, feelings o...
#50 – Making Poor Financial Decisions Isn’t About The Money
The Financial Therapy Podcast - It's Not Just About The Money - April 12, 2022 09:00 - 26 minutesMaking poor financial decisions is a financial behavior destined to keep us poor. Over 70% of Americans think they understand money, yet surveys show 66% can pass a very simple financial literacy test. What’s the reason for the disconnect between our actual and perceived level of financial comp...
#49 – Work Addiction Isn’t About The Money
The Financial Therapy Podcast - It's Not Just About The Money - April 05, 2022 09:00 - 28 minutesWorkaholism is an addiction where the workaholic is highly involved in work, feels driven to work because of inner pressures that make the person feel guilty or depressed when not working, and in which the person has low levels of work enjoyment. It has been estimated that one in ten adults in t...
#48 – Intro to Money Behaviors That Decrease Wellbeing
The Financial Therapy Podcast - It's Not Just About The Money - March 29, 2022 09:00 - 24 minutesProblematic money behaviors and disorders are not caused by a lack of money. They cannot be cured by knowing more about money or having more money. There is no significant correlation between happiness and money once household incomes are above $75,000 per year. The significant economic gains ex...
#47 - A Conversation With The Founder of Somatic Finance - Gayle Colman
The Financial Therapy Podcast - It's Not Just About The Money - March 22, 2022 09:00 - 29 minutesSomatic Finance rocks Gayle Colman’s world. As a financial advisor, and the founder of Somatic Finance, she brings her passion for Somatic Finance to life by offering people an entirely new way of being in relationship with money. Join Gayle and Rick for an unscripted conversation about their r...
#46 - Why Your Financial Reality May Not Be Reality
The Financial Therapy Podcast - It's Not Just About The Money - March 15, 2022 09:00 - 26 minutesWhat would you guess the average American worker makes in a year? This is the question professor Nina Strohminger, University of Pennsylvania’s Warton School of Business, asked her business students recently. The professor tweeted that 25% of her class guessed the average American made a six-f...
#45 - Reducing Anxiety About Social Security
The Financial Therapy Podcast - It's Not Just About The Money - March 08, 2022 10:00 - 27 minutesIf you are in your 50s or 60s, you may have reacted with concern to the numerous recent news reports in September on an announcement about Social Security. One by Reason.com said, “Social Security Will Be Insolvent in 12 Years. Yet, another headline on the same day about the same story by CNN p...
#44 - Oh, So Daddy Pays You
The Financial Therapy Podcast - It's Not Just About The Money - March 01, 2022 10:00 - 28 minutesKirsten was divorced and had primary custody of her eight-year-old son, Jack, who spent every other weekend with his father. One Friday evening when her ex-husband came to pick up their son, he handed Kirsten a piece of paper and said, "Here is your check." Jack looked up at his mother and said,...
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