What? A financial psychologist?
Yup, you read right. Not a financial adviser or planner, but a psychologist. Not one who looks at your assets and debts, budgets and portfolio, but one who looks at why you manage money the way you do.
My boyfriend’s cousin mentioned this to me recently, after I told her of my financial woes. She has a right to lecture me – she earns less than I do, but she’s debt free and she’s currently paying for her very own condominium unit =P
Anyway, she says she can recommend a financial psychologist who will look at, say, why I have a tendency to spend as much as I do on certain things, or why I find it hard to say no to certain expenses. Hmm… sounds interesting. Since I’ve basically pinpointed the root of my financial woes to lack of self-discipline, this sounds like it can actually work.
I did some Internet research, and apparently, financial psychology is an emerging field. One website said that “experts believe that an individual’s beliefs about money are formed between the ages of 5 and 12″. For those who are out of debt and are looking into investment options, financial psychology can also show they why behind investment decisions.
Hmm, interesting… Have any of you guys heard of this? Or know someone who practices this? Or have actually consulted with one?
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I AM A FINANCIAL PSYCHOLOGIST HERE IN TAMPA BAY.
HAVE MBA AND PhD AND WORK IN THE MORTGAGE BANKING FIELD.
Cool
How exactly does financial psychology work?
I was recently recommended T Harv Esker’s book “Secret of Millionaire Mind” which made the same connection about how our upbringing determines our financial make-up. It’s quite a cheap book as well.
He has some good points, it made me think on what my parents attitude towards money and how I (and my wife) deals with it today.
Drop me a line if you can’t easily find the book maybe we can work something out.
Sounds interesting. Thanks! I’ll look it up. =)
is there a financial psychologist in the Philippines?