Brad Klontz

Podcast: The Human Side of Money (LS 40 · TOP 1.5% what is this?)Episode: 58: The Advisor's Guide To Money And Behavior with Dr. Brad KlontzPub date: 2022-08-31Whether you've been an advisor for four days or four decades, you know that your client's success has just as much to do with their mind as their money. It's simply not enough to run through monte-carlo simulations and construct diversified portfolios. And you know it's critical for you to be able to understand your client's psycholgy and behaviors around money. But, the challenge lies in knowing how to apply pyschology to real-life client scenarios. Fortunately, Dr. Brad Klontz is one of the foremost authorities on financial psychology and works with advisors and planners to do just that. In this episode, we discuss: How our genetics have programmed us to fail with money The importance of knowing your client's "Money Scripts" The way he communicates the role of financial psychology to clients and prospects Why he lets clients decide if they want financial psychology The one technique every advisor needs to change client behavior *The featured partner for this episode is Knudge, an automated system to help clients follow through on their tasks and reach their financial goals. *For more resources discussed in this episode, check out www.wiredplanning.com/episode58 *For more resources and insights on masterting the human side of advice, go to www.wiredplanning.com. *Follow Brendan for insights on mastering the human side of advice: Twitter LinkedInThe podcast and artwork embedded on this page are from Brendan Frazier, which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.

Whether you've been an advisor for four days or four decades, you know that your client's success has just as much to do with their mind as their money. It's simply not enough to run through monte-carlo simulations and construct diversified portfolios. And you know it's critical for you to be able to understand your client's psycholgy and behaviors around money. But, the challenge lies in knowing how to apply pyschology to real-life client scenarios. Fortunately, Dr. Brad Klontz is one of the foremost authorities on financial psychology and works with advisors and planners to do just that. In this episode, we discuss: How our genetics have programmed us to fail with money The importance of knowing your client's "Money Scripts" The way he communicates the role of financial psychology to clients and prospects Why he lets clients decide if they want financial psychology The one technique every advisor needs to change client behavior *The featured partner for this episode is Knudge, an automated system to help clients follow through on their tasks and reach their financial goals. *For more resources discussed in this episode, check out www.wiredplanning.com/episode58 *For more resources and insights on mastering the human side of advice, go to www.wiredplanning.com. *Follow Brendan for insights on mastering the human side of advice: Twitter LinkedIn

Dr. Brad Klontz (@drbradklontz) is a financial psychologist, Managing Principal at Your Mental Wealth Advisors, and co-author of six books on the psychology of money, including Money Mammoth: Harness The Power of Financial Psychology to Evolve Your Money Mindset, Avoid Extinction, and Crush Your Financial Goals. What We Discuss with Dr. Brad Klontz: If the United States is the wealthiest country on Earth, and it's one of the most prosperous times in human history, why does 45 percent of the population decide to wing it with no savings? Why do so many of us buy the hype that bringing in barely enough money to survive from certain professions is somehow noble — and that making a living wage in service to others is akin to moral failure? How parents who have spent their lives carefully growing and saving their own money instill lousy financial habits in their offspring. Why financial planning should be a basic part of the public education curriculum alongside reading, writing, and arithmetic. How social media contributes to a gross misunderstanding of the way wealthy people (the ones who stay wealthy, anyway) really spend their money. And much more... Full show notes and resources can be found here: jordanharbinger.com/712 Sign up for Six-Minute Networking -- our free networking and relationship development mini course -- at jordanharbinger.com/course! Miss our interview with Austin Meyer, the man who leads a valiant crusade against patent troll dirtbags? Catch up with episode 326: Austin Meyer | Slaying the Patent Scam Trolls here! Like this show? Please leave us a review here -- even one sentence helps! Consider including your Twitter handle so we can thank you personally!

An expert in financial psychology, financial planning, and applied behavioral finance, Dr. Brad Klontz dives into risk tolerance, financial literacy, and the importance of having knowledge in the psychology of financial planning. We talk about financial flashpoints, training our minds to a future orientation, getting your clients excited for their financial future, and why we should interview our parents if we’re lucky enough to do so. Brad helps us to understand the importance of helping your clients to overcome and reset from their upbringing and financial tragedies, as well as the importance of automation before meditation. Brad also shares his new book, The Psychology of Financial Planning, and Sapiens: A Brief History of Humankind by Yuval Noah Harari, a book he believes everyone should read. This deep dive into the importance of understanding our clients and the psychology of financial planning is one that you don’t want to miss. Bradley T. Klontz, Psy.D., CFP® is an expert in financial psychology, financial planning, and applied behavioral finance.He has a doctorate in clinical psychology, developed an “obsession” with how our psychology, emotions, upbringing impacts our net worth and financial behaviors. He has written books, conducts studies, is a professor at Creighton University's Heider College of Business, and works with clients at his firm he started.Dr. Brad Klontz has been a columnist for the Journal of Financial Planning, On Wall Street, and PsychologyToday.com. His work has been featured on ABC News’ 20/20, Good Morning America, and in USA Today, The Wall Street Journal, New York Times, Washington Post, Los Angeles Times, Time, Kiplinger’s, Money Magazine, NPR and many other media outlets and professional magazines and journals.In 2019 he was appointed to the CNBC Financial Wellness Council and in received the 2018 Montgomery-Warschauer Award from the Journal of Financial Planning

Dr. Brad Klontz joins the show to discuss misinformation around money and mental health, the near impossibility of successful day trading, cryptocurrency, how the wealthy approach investing, harmful money advice on social media, the best way to motivate people to save, and more!Audio outro: The Black Keys, “For the Love of Money”Intro music by David von KampenLinks:Dr. Brad Klontz websiteMoney Mindset YouTube channelDr. Klontz on TikTokMoney Mammoth bookMind Over Money bookResearch articlesFind your Money ScriptMoney and the Mind Ep40 with Dr. KlontzBio from Dr. Klontz’s website (lightly edited):Bradley T. Klontz, Psy.D., CFP is a Co-Founder of the Financial Psychology Institute and an Associate Professor of Practice in Financial Psychology at Creighton University Heider College of Business. He is a Managing Principal of Your Mental Wealth Advisors, a Fellow of the American Psychological Association, and a Former President of the Hawaii Psychological Association. He has partnered with organizations including Capital One, JP Morgan Chase, Mutual of Omaha, and H&R Block in efforts to help raise public awareness around issues related to financial health and financial psychology. Dr. Klontz was awarded the Innovative Practice Presidential Citation from the American Psychological Association for his application of psychological interventions to help people with money and wealth issues and his innovative practice in financial psychology for practitioners across the country.Dr. Klontz has been a columnist for the Journal of Financial Planning, On Wall Street, and PsychologyToday.com, and has co-authored/co-edited six books on the psychology of money.His work has been featured on ABC News’ 20/20, Good Morning America, USA Today, The Wall Street Journal, New York Times, Washington Post, Los Angeles Times, Time, Kiplinger’s, Money Magazine, NPR, and many others.

We have seen the statistics that Gen Z's number one source for financial advice is social media. On this NGPF Podcast, Yanely interviews Dr. Brad Klontz and Shani Tran on how they use TikTok to engage young people on the topic of money. They both agree that while having basic financial knowledge is important, understanding the psychology behind our money decisions is even more critical. They provide useful advice on how educators can develop even stronger connections with students. Enjoy! 

Today on Real Money, Real Experts, co-hosts Rebecca Wiggins and Dr. Mary Bell Carlson are joined by Dr. Brad Klontz, a financial planner, financial psychologist, and coauthor of six books on the psychology of money.In this episode, Dr. Klontz dives into the world of financial therapy, exploring its similarities and differences with financial coaching and counseling, and sharing the incredible impact it can have on our personal relationship with money. We learn about our individual, deep-rooted beliefs around money called “money scripts,” how they affect us, and how we can change them.Don’t forget, Dr. Klontz will be delivering keynote remarks at our upcoming 2021 AFCPE symposium. This episode is a must-listen, especially if you’ll be joining us in November! Show Notes:00:52 Brad introduction01:45 Brad’s introduction to the Field of Finance04:29 How Financial Therapy Differs from Counseling & Coaching08:51 Identifying and Working Through Money Scripts with your Clients15:48 Importance of Talking About Money with Children21:17 Intersectionality of Money Scripts26:18 It’s Unromantic, but Important – Talking about Money with your Partner Early34:47 Brad’s Two CentsShow Note links:Connect with Brad! @drbradklontz on all social media platformshttps://www.bradklontz.com/aboutwww.bradklontz.com/moneyscriptstestResourceswww.afcpe.org/career-and-resource-center/certification-scholarships/www.afcpe.org/symposiumhttps://financialtherapyassociation.org/find-a-financial-therapist/ https://www.financialpsychologyinstitute.com/AFCPE Member DiscountsRegister for our first-ever hybrid Symposium today! Join us in Orlando, FL or from the comfort of your own home.

Hey everybody, it’s Pete... Dodge and I do our best to unpack a triggering conversation for the both of us. Money’s tough. Too few of us are doing the things to maintain a healthy relationship with it. We’re trying to figure out why. We hope this conversation helps someone out there to move their own ball down the field just a bit. Thanks for all you do, Pete

Hey everybody... it's Pete. Raise your hand if you've never had any challenges with money. Look around. See that? You're all alone. OK, all gimmicks aside, it's money week and that's scary. Jobs won and lost. Health care, insurance, education. Bills coming due. Major, unexpected expenses. It's no understatement to say that how we relate to money defines how we relate to the world around us. Ted Klontz is back on the show with us this week. Last time he came around he was talking about readiness for change. What we didn't cover in that conversation is a non-trivial part of his career: financial behavior. And he doesn't do it alone. Brad Klontz, Ted's son, is a founder of the Financial Psychology Institute and an associate professor in Financial Psychology at Creighton University. He's spent much of his professional career helping people with money and wealth issues and together with his father has written books such as Wired for Wealth, and Mind over Money. Their latest, Money Mammoth, dives deep into the psychological barriers that stand between us and our financial success. Talking about money out loud is terrifying for a lot of us. Together, Brad and Ted help us to approach this subject with a little less trepidation thanks to the knowledge that we're not doing it alone — many of us feel this way, and many of us are looking for change. We hope you find a dose of that change today in their conversation with Dodge Rea. Links & Notes Money Mammoth: Harness The Power of Financial Psychology to Evolve Your Money Mindset, Avoid Extinction, and Crush Your Financial Goals Wired for Wealth: Change the Money Mindsets that Keep You Trapped and Unleash your Wealth Potential Mind over Money: Overcoming the Money Disorders That Threaten our Financial Health Financial Psychology Institute

We kick off our Behavioral Finance Week with a conversation between Jaime Hopkins and Brad Klontz. Brad is an expert on psychological finance and Managing Principal of Your Mental Wealth Advisors. Brad talks about the psychology behind our financial decisions and how planners can help clients rewire their financial beliefs and break bad habits. You can find show notes and other information at CarsonGroup.com/Framework.