FINANCIAL THERAPIST: A Profession on the Confluence of Psychology and Financial Advisory

A rising profession with international recognition

1-Oct-2022

Yes, financial therapists are a new profession which is a mix of expertise in psychology and financial planning domains. 

People suffer psychological traumas due to financial difficulties. Financial problems can cause significant emotional stress that can interfere with normal functioning. In some cases, this stress may lead to traumatic memories or flashbacks that trigger symptoms such as anxiety, depression, and PTSD (Post-Traumatic Stress Disorder).

 Financial psychologists use interventions such as cognitive-behavioral therapy (CBT), problem solving techniques, and therapeutic relationships to help people cope with their problems. 

 They also provide advice on making informed choices about money management and investing strategies, risk management skills, budgeting basics, credit repair tips etc. 

Moreover they offer guidance on developing personal finance plans specific to an individual's needs. 

 The certification process for becoming a financial therapist requires completing an accredited program that covers both theory and practice. Once you have completed the program, you will be able to work as a Financial Therapist with licenses that is recognised globally. 


ARUN KUMAR SHARMA
Fintech Coach, Development Officer, LIC of India, Bikaner.

Contact: 9468567418 / aks10000@gmail.com