Financial 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 those that have to dominate Money Avoidance money scripts and Enneagram Type Nines.
Avoiding troubled financial situations worsens money disorders, leading to negative outcomes. Confronting and experiencing the underlying pain is necessary for healing and building a better financial future.
I identify harmful money scripts that cause people to become financially dependent on advisors with disorders, leading to downfall.
I discuss some specific types of disordered financial behaviors. The one for this week is financial dependency. This includes reliance on others for non-work income in a way that creates fear or anxiety.
Making poor financial decisions is a financial behavior destined to keep us poor. Over 70% of Americans think they understand money.
Are you a workaholic? And if you answer “yes,” are you bragging or complaining? Workaholism is incentivized in our society. Work Addiction isn’t about the money.
An insight that is fundamental to financial therapy, which I learned over 20 years ago and often quote, is, “We can only go as far with our clients as we’ve gone with ourselves.” It comes from my friend and colleague Gayle Colman.
We tend to live in the same financial comfort zone as our friends, which is framed by similar money scripts. Your financial reality may not be reality.
One of the questions that I get a lot as a financial planner and a financial therapist is, “Will Social Security be there for me?”
Divorce is a much more than just the termination of a marriage. It’s a major financial event that can have repercussions in a person’s life for many years.
Rapid City, SD 57701
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