Do Your Clients Need a Financial Therapist?
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What is a financial therapist, and how do you know when you need one?
Basically, a financial therapist fills the gap between financial planners (often numbers specialists who don’t understand psychology), and therapists (often behavioral change specialists who don’t understand finance). A financial therapist is trained in both personal finance and therapeutic methodologies to help people think, feel, and behave differently around money, make better financial decisions, and increase their financial well-being.
Here are a few indicators that suggest it's time to consider seeking help from a financial therapist: