financial_planning_articles

Tennessee Bound

By Rick Kahler - October 10, 2005

This week I am off to Knoxville to speak to the local FPA chapter and the clients of Kathy Parks, CFP.  The next day I will drive to Nashville, TN, where I will co-facilitate the Healing Money Issues program at Onsite Workshops with Ted Klontz and Warren Brent.  We are expecting about 16 participants.

Just today I received a summary of a clinical study recently completed on the Healing Money Issues program.  The conclusions?  "Participants showed significant and lasting reductions in: 1) psychological distress, 2) anxiety and worry about money and money situations, and 3) tendency to view money as a symbol of success and way to impress or influence others.  They also showed measurable increases in overall financial health."

You’ll be hearing a lot more about this study in the coming months.  I am told it is the first clinical study ever done on the treatment of anxiety and depression around money.  Stay tuned.