My decision in taking this course ultimately sprung from my desire to further my education of psychology as it relates to the Financial Planning Profession. I’ve been working in the field for roughly five years which is relatively short when compared to that of my peers. However, it didn’t take long for me to realize that that Financial Planners, while well equipped to give sound financial advice, are not often given proper training in dealing with the complex emotional aspects of their client relationships. Through years of study and the recent successful completion of the CFP® Certification Exam, I have mastered the core financial planning body of knowledge. This foundation prepared me as an individual for a career as a financial planner, but gave …show more content…
My current firm has embraced my long term vision of incorporating financial therapy within our firm and is willing to support me in my academic pursuits. Albeit, I know it will be a long road before I feel competent enough to call myself a Financial Therapist. One of the key areas of my practice that I hope to improve upon throughout this course are my “soft skills” as they relate to financial planning. Speaking with clients is truly an art and knowing how to approach clients with difficult topics can often prove to be very challenging. Having an in-depth understanding of therapeutic theories, techniques, and models would aid me in expanding the level of services that we offer our clients and could even reshape the way in which we work with them entirely. However, I imagine defining “financial therapy” to current clients and quantifying these services could prove to be a huge obstacle. Many individuals may be hesitant to to take advice from a “therapist” as it alludes to seeking treatment for a serious issue such as a mental illness. It may
As a result, I am learning how to assist clients without labeling the client and developing a proper diagnosis. Assessing client problems should happen throughout the counseling process. In the beginning, counselors get background information on their clients to help the counselor develop a diagnosis in the Diagnostic and Statistical Manual of Mental Disorders. Correct diagnosis of clients is vital to receive reimbursement from insurance companies for counseling services. Assessments help the counselor determine an appropriate treatment for the client. Assessments can help clients realize their strengths and weaknesses (Whiston, 2017). Helping the client understand their strengths can assist the client in building confidence, reach the clients counseling goal, and implement healthy choices in the client’s
After reading this article, it is apparent that Suze Orman can relate herself to any topic that she is presented with. She is also able to relate to whatever audience is sitting in front of her or reading her books or articles. Her increasing reputable reputation has earned her a spot at the top, “a two-time Emmy Award-winning television host, New York Times mega bestselling author, magazine and online columnist, writer/producer and one of the top motivational speakers in the world today, Orman is undeniably America's most recognized expert on personal finance” (CNBC). Considering all her awards and accomplishments it is no wonder that Suze Orman has earned her reputation of being a financial guru.
(Prochaska & Norcross, 2010, pg. 3). Who would have thought this general description could apply to so many different types of therapy? This textbook gives 15 different examples of psychotherapies, and most of these psychotherapies have two or more different versions. I found this a little overwhelming. While reading each one, I thought to myself, “oh yes, this makes sense, and I can see that working” so all in all I feel much more aware of the complexity of deciding what therapy would work with a particular client because so much information needs to be taken into consideration first. And I also became aware that I will never master them all.
Psychiatric nursing has always been my passion and I am ready to put my experience and leadership skills to use and further my career as a Mental Health Nurse Practitioner. The psychiatric population is underserved and one of my goals is to continue working in fields others will not. I have always longed for the increased autonomy and decision making Nurse Practitioners use. Broken systems and burnt out mental health workers are a problem. For example, calling an on call physician in a patient crisis only to be given an order for something that is completely useless by a physician who does not care, has always bothered me. I look up to the Nurse Practitioners at work and have always noticed their kind, caring and responsive nature. I want
therapists, as a more effective approach from research studies with expectations of incorporating a combination of both in a near future.
The main theory that has largely influenced my clinical work at my current practicum site is cognitive behavior therapy (CBT). CBT asserts it is an individual’s thoughts and behaviors that directs the individual, so in this case my job would be to help the my client (individual) to find his or her thought that is driving his or her action(s). CBT is a fine dance; it may seem simple, identify the thought and replace the thought with a healthier thought. CBT is quite contrary to being simple, the techniques and timing is a fine juggling and balance act. To elaborate further, after a client has identified his or her thought that has been driving his or her action, they would need to restructure certain things in the their life that will help implement certain behaviors that will lead to a more healthier cognition.
Wegenek, Amira & Buskist, William 2010 The Insiders Guide To The Psychology Major: Everything You Need To Know About The Degree And The Profession APA
I also find that I am rather goal oriented as well. The point of counseling is to help someone start/stop something that they feel is big and influencing in their lives. Even though what they come in with might not be the exact thing that needs to be worked on. In the line of picking an approach that I find the most appealing, I found transactional analysis to be extremely interesting. With the personality and counseling approach tied into one, it really blew my mind and was something that I could see myself looking into more deeply in the future. However, based on the fact that it was only briefly discussed, I don’t know enough about the set up and how it works in an actual session to completely know if it’ll work for me. I believe that I most identify with person-centered approach to counseling. I like the idea of just being able to make everyone feel better with a few simple words – but that’s not how it works. There are things that happen to people that can’t be easily fixed. The reason I am drawn to a person-centered approach is because instead of trying to make everything seem better – the counselor tries to get the client to get a more appropriate representation of themselves in the world they are in. I believe that this style of counseling would fit really well with a transactional analysis. From my own background and stand point, I believe that this will benefit myself – in the sense that I won’t burn myself out from trying to fix my clients problems. Instead, I would help them to understand where they stand in their world so that they can work on solving the situation on their own (with only minor
This experience has enhanced my understanding of counseling and psychology because Dr. Miller has shown me that even though this may seem like an emotional job that most people feel like they wouldn't be able to handle it's about helping those in need of therapeutic or psychological help, people who come with hopes and dreams as a counselor it's their job to help those people utilize their hopes and dreams and that's a counselor’s motivation when coming to work every day, which I hope I can do some day. I learned that the purpose of it all is licensure because a person can have a doctorate in psychology or any other field of study, but without a license they can't do much in that field, but teach. I also learned that when choosing a program for my doctorate I should choose one that is progressive as well as having patience and being flexible in the processes because there will be obstacles along the way, just look at steps right in front instead of stressing about reaching your goal. From the wise words of Dr. Miller, “If you’re committed to climbing the mountain the elevation is irrelevant” and because of that I look forward to the challenges that I may face along the way and every day I will learn something
The possible existence of financial planners began in 1969 when Loren Dunton set up the Society for Financial Counseling Ethics. Financial planners became needed when soldiers returned home from World War II. The planners were there to help Americans plan for their future. The first graduating class coming from the College of Financial Planning was in 1973. It is ironic that the same ye...
When planning for our future it is important to have clear goals in mind and to understand the steps that need to be taken to achieve those goals. My long-term goal is to run my own counseling center and employee at least one other person. Some Skills I already possess that will allow me to succeed with this plan are my ability to relate to people and be consistent in following the steps needed, even though it will be a long and tedious process.
One aspect I found striking was the role of advice giving in counseling. Prior to this class, I knew that counselors did not typically give opinions or advice to lead a client in a certain direction. What I did not know was the entire reasoning behind this. A counselor might avoid giving advice so that a client learns to make his/her own decisions, does not become dependent on the counselor, and to ensure that a client will not later blame the counselor if the counselor’s advice did not turn out well. In this context, I have a better appreciation and understanding of why therapists refrain from telling the client what to do.
So How Is Cognitive Learning applied in Accounting? When you tackle client finances, you don’t just manage their money; you also manage their emotions. There are psychological implications wrapped around financial dealings, and nobody knows that better than accountants who spend their lives delivering good, bad and ugly news related to clients’ financial health. The science of cognitive psychology as it relates to accounting hasn’t been around long, but practitioners who use it find it easier to understand the motives and personalities of their clients and anyone directed to their financial
Personal Finance is a class I’ve wanted to take for a while now. My major is Finance not because I want a career in finance but more to learn about finance for my own personal situation. This class taught me so much! During this class I was able to evaluate my financial situation and set financial goals for myself. The four topics that helped me the most were emergency savings, buying a car, purchasing a home, retirement, and estate planning. After completing this class I have a better understanding of these topics and how to achieve my financial goals.