Financial Therapy and Emotional Beliefs

Julia and Philip, financial advisors, explore financial therapy with Michelle Bohls to address their fears about raising fees. They discuss personal money stories, emotions, and projections that impact financial decisions. The session highlights the importance of trust and communication in financial relationships, encouraging viewers to consider financial therapy.

What challenge are Julia and Philip facing in this episode?

• Hiring new staff for their YouTube show

• Raising their fees as financial advisors

• Choosing a new location for their office

• Deciding whether to start a new business

What is the primary role of a financial therapist according to Michelle Bohls?

• To manage clients' budgets and bills

• To provide investment advice

• To explore emotional beliefs about money

• To offer legal financial services

What personal story does Philip share about his father?

• His father was a famous artist

• His father owned a large car dealership

• His father lost a trip to Hawaii due to his boss

• His father was a successful banker

What feelings does Philip associate with the idea of raising their fees?

• Excitement and anticipation

• Fear of being seen as corrupt

• Indifference and apathy

• Confidence and assurance

What does the term 'projections' refer to in the context of financial therapy?

• Budget planning strategies

• Future financial forecasts

• Past experiences influencing current perceptions

• Investment growth predictions

How does Julia feel about her ability to make financial decisions?

• She feels very confident

• She is indifferent to decision-making

• She prefers to avoid making decisions

• She trusts Philip more than herself

What is a common issue couples face regarding money, as discussed in the video?

• Agreeing on vacation destinations

• Deciding on home decor

• Aligning on spending priorities

• Choosing family activities

What stigma is associated with both finance and therapy?

• They are both highly popular

• They are both seen as unnecessary

• They are both considered easy to understand

• They both discourage people from seeking help

What does Michelle Bohls emphasize about having more resources than others?

• It always leads to happiness

• It can create a sense of threat

• It guarantees financial success

• It is irrelevant to personal relationships

What is the main takeaway Julia and Philip hope viewers gain from their session?

• To invest in their YouTube channel

• To feel less intimidated by financial therapy

• To avoid discussing money

• To become financial advisors