Why does anyone need a Financial Therapist?
“Why does anyone need a financial therapist?”
You know who asked me this? My mother-in-law. And yes, that may seem like it was a very loaded question coming from your MIL, but she was asking it legitimately.
As, maybe, are you.
Because isn’t everyone doing just fine with their money? They’re making enough, they’re going on wonderful vacations, their houses are beautiful and decorated by Joanna Gaines. If their financial advisor tells them to invest this much for retirement, they do it, right?
Here are a few statistics:
· 22 million people report being underemployed (not utilizing the education they have, or working part time when they would rather be working full time)
· The average American household holds $20,000 in credit card debt
· Plus $55,000 of educational debt.
· Plus $35,000 in Auto Loan debt.
· Without a mortgage, that’s roughly $110,000.
· The median household income was $67,565.
I like statistics. I think they are interesting. The statistics above basically point out that there are a lot of people who make less than they are spending, and they continue to spending themselves deep into debt.
Which begs the question: Why?
Why do we get ourselves into such deep debt – especially consumer debt?
When I was a brand-new therapist, I once asked my client to bear with me, and I proceeded to ask her “Why?” five times in a row.
It is enlightening to submit yourself to that questioning.
Maybe you just tried it, and you said, “I don’t know.” If you said, “I don’t know,” you’re exactly the person I want to work with.
Let’s discover the Why. And then move forward into a better, less anxious you.
