At a time when economic pressures increase and financial challenges escalate, a pivotal question arises: Does the financial planning that we actually adopt our true dreams and authentic goals reflect?
In an article published in Forbes magazine, financial expert Brian Lacher, CEO of “ICAREDED Harding Consulting”, calls on to redefine financial planning to start from within, from understanding the psychological and emotional relationship that binds us to money.
Money as an emotional and psychological component
Lacher notes that traditional financial planning depends on routine analytical tools, which begin to collect data and evaluate the current financial situation and then issue retirement, investment and inheritance plans.
But he points out that this model overlooks a very important aspect, which is: What role does money play in our lives in terms of contentment, meaning, and consistency with the self?
“Financial behavior – such as savings or spending – not only stems from rational decisions, but from feelings, experiences and ideas, not consciously related to money.”
Latcher is called the new role “The Financial Guide”, stressing the importance of the presence of a financial partner walking alongside the individual on his journey towards financial freedom, and not only with those who set ready digital plans.
This type of guidance depends on building confidence, understanding personal experiences, and providing custom recommendations that fit the lifestyle of each person and his beliefs about money, according to Lacher.
Financial tension … even in positive moments
Lacher asserts that financial pressures are not limited to crises, but may even arise from positive events such as inheritance of a large amount or launching a new project. He adds: “Such changes may raise fear of the unknown or deepening tension in relationships, which requires an integrated psychological and financial support.”
By understanding the emotional relationship with money and awareness of previous experiences that affected our financial behavior, we can make sustainable changes. This internal transformation can create moments of self -discovery “Ah, this is the reason for my behavior in this way!”
Merging emotional and psychological understanding with financial knowledge is the way to achieve a fundamental consistency in financial and life planning
Financial partnerships between husbands
The article also highlights the challenges facing emotional partnerships when there are fundamental differences in the view of money.
Hence the role of the financial guide in facilitating understanding between the spouses, and enhancing joint commitment to financial health and marital relationship.
At the conclusion of his article, Lersher stresses that financial success is not a “unified template”, but rather an individual path that must stem from the self.
And he confirms that “integrating emotional and psychological understanding with financial knowledge is the way to achieve a fundamental consistency in financial and life planning.”
In a world dominated by calculations and analyzes, Lesher proposes in his article to Forbes to rethink financial planning in a more humane and comprehensive way.
Perhaps the real financial change in budgets or conservatives is not, but rather in the mentality in which we manage our relationship with money.
