Home » Financial Advisor » FA Magazine » High Anxiety

« Previous Article | Next Article »

High Anxiety

May 2, 2011 • Page 4 of 4

"People feel like money defines them. That is the core of the issues. If we can feel abundance, we are defined by ourselves. Feeling good about ourselves takes precedence over how much money we have, regardless of how much we have." Gruber teaches an online webinar called the Dynamics of Money, which a number of planners have taken. "It's understanding the energy of money and how we deal with our images and beliefs."

FTA member psychotherapist Dr. Richard Trachtman became interested in money issues when he had a financial analyst as a client in the 1980s who was conflicted between the enormous amount of money he was making and the lack of personal time it left him. This interest was piqued by his marriage to Jan Hopkins, a former sidekick of Lou Dobbs on CNN's Moneyline. Trachtman is happy to work with more planners. He has one book out on the subject, Money, Work, and Love, and has another text, Money and Psychotherapy, for therapists coming out this April. "I'm very committed to trying to open this area for people to think about," he says.

« Previous Article | Next Article »

1 Comment

Login in order to post a comment

Comments

Shags 12 years ago

Great Article - Here's a Middle Ground to Consider

This is fantastic article. Financial Therapy is similar to the type of work we do and teach at the Money Coaching Institute. We help people to better understand themselves and their relationship with money, as well as how money has impacted their feelings of self-worth and their personal relationships. While we aren't therapists or use therapeutic modalities, our therapeutically-informed coaching model helps people to identify and take control over the interior and unconscious blocks that keep them from having peace with money. For those financial professionals who don't have a therapist nearby who has a focus on the financial aspects, they can learn (or have a para-planner or other employee learn) the tools and techniques which we teach to help their clients better understand what drives them in their money life, where they feel out of control, and how they can regain control by changing their perspective and taking daily right action. Money Coaching fills the gap between financial therapy and financial planning. It is deep, introspective work which can quickly reveal where the client may need additional focus in their money life: the practical, the emotional/behavioral, and the spiritual or connectedness aspects. Knowing the next steps helps to strengthen a team approach which often involves the planner, a counselor/therapist, and a life or executive coach, based on what the client's situation indicates.