6. What Financial Therapy Is and Isn't and Why Your Practice Needs It

In this thought-provoking episode, we explore the concept of self-efficacy and emotional mastery, delving into how our beliefs and abilities shape our lives. Through captivating metaphors and personal anecdotes, the host emphasizes the importance of self-efficacy in maintaining relationships, inner peace, and achieving desired goals. We learn about the transformative power of financial therapy, which goes beyond mere financial planning and delves into emotional reconciliation with money. By understanding our money mentality and reconciling our emotions, we can unlock personal success, create stronger connections, and ultimately live a fulfilling life. Join us as we uncover the profound impact of self-efficacy and financial therapy in this enlightening and empowering episode. Key points discussed in this episode: The metaphor of standing at the edge of a deep canyon and the surge of doubt and fear it represents. The concept of self-efficacy and its role in shaping our beliefs and ability to succeed. The disparity between belief in physical accomplishments versus internal accomplishments. The transformative power of financial therapy in reconciling emotions around money. The impact of early childhood experiences on our beliefs and decision-making. Taking control of our thoughts, managing emotions, and challenging long-held beliefs. The connection between love, money, and self-efficacy. Understanding our money mentality and reconciling emotions for healthier relationships and a fulfilling life. Quote from the episode: "Between zero and five years old, we set 85% of our beliefs in place. This includes our beliefs about money. We go through life trying to prove the hypothesis that we created at five years old." - Kine