So Money - Episode 116

Dr. Brad Klontz

Financial Psychologist

Why do we do the silly things we do with money? Why do we have so many money issues in our relationships? What does your relationship with money have to do with how you spend? Why do we sometimes associate being rich with being evil? Our guest today explains it all. Dr. Brad Klontz is an award-winning financial psychologist and a certified financial planner. He works as an Associate Professor of Personal Financial Planning at Kansas State University and a Partner of Occidental Asset Management, LLC, a fee-only investment advisory firm in Northern California. He and I actually collaborated on the survey for my book When She Makes More. Brad is also the co-founder of Your Mental Wealth™ and the Financial Psychology Institute. Dr. Klontz has co-authored five books on the psychology of money and received the Innovative Practice Presidential Award from the American Psychological Association. Dr. Klontz’s work has been featured in The Wall Street Journal, New York Times, and Washington Post, among others.

Several takeaways from our interview:

— Why we dislike rich people.

— Advice for couples that fail to see eye to eye over money.

— Selling everything to invest in tech stocks.

— The one investment that he says saved his marriage!

If you’d like to learn more about Dr. Brad Klontz, visit his websites and… or follow him on Twitter @mental_wealth. Also check out his most recent book: Financial Therapy: Theory, Research & Practice.

My favorite quote from this interview: “Negative feelings ab/ $$ will sabotage your financial health.” – Click to Tweet

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