Introduction to Financial Psychology

Course: Introduction to Financial Psychology

Audience: Personal Financial Planners, Business Professionals, Coaches, Counselors and Therapists
Method: Online
Length: 8 weeks

This course is designed to develop knowledge and skills to use with individuals, families and business owners to help them meet their financial goals. This course is an introductory financial psychology course that examines the intersection between financial planning, financial coaching, and financial therapy. This course introduces students to:

  1. the impact of early financial experiences on money beliefs, financial behaviors, and an individual’s ability to achieve business and personal financial goals
  2. money disorders frequently seen by financial professionals
  3. techniques to establish rapport with clients
  4. tools to help clients change problematic/destructive money-related behaviors
  5. techniques to deal with client resistance to change
  6. tools to work with couples and families
  7. cognitive biases that influence investing behavior
  8. methods for integrating financial psychology knowledge and tools into personal financial planning

    This is an online course through Creighton University worth 3 credits. It is one of five courses in the Certificate in Financial Psychology & Behavioral Finance

    Outline

    Week

    Topic

    1 Intro to Financial Psychology
    2 Financial Flashpoints
    3 Multicultural Financial Psychology
    4 Money Scripts & Financial Comfort Zone
    5 Money Disorders
    6 Intro to Behavioral Finance
    7 Financial Therapy
    8 My Money Story Paper

    Required Materials

    • Klontz, B. & Klontz, T. (2009). Mind Over Money: Overcoming the money disorders that threaten our financial health. New York, NY: Crown Business.
    • Klontz, B., Kahler, R., & Klontz, T. (2016). Facilitating financial health: Tools for financial planners, coaches, & therapists, 2nd edition. Cincinnati, OH: National Underwriter Company.
    • Klontz, B.T., Britt, S.L., & Archuleta, K.L. (2015). Financial therapy: Theory, research, and Practice. New York, NY: Springer.
    • Articles as assigned

    Learning Objectives

    • To provide an environment conducive to the study of financial psychology using written and oral presentations and applied financial psychology theory and techniques
    • To strengthen students’ ability to understand financial psychology and its implications with regard to financial health of clients and clients’ ability to reach their financial goals
    • To apply theory and technique to gain a deeper understanding of the student’s own personal financial psychology
    • Identify financial flashpoints and their impact on beliefs and behaviors
    • Identify the impact of culture and gender on financial flashpoints
    • Describe a method for helping clients identify their financial flashpoints and resulting money beliefs
    • Identify one’s own money scripts and their impact on financial health and behaviors
    • Demonstrate knowledge regarding the latest research findings on money scripts
    • Learn to administer and interpret the Klontz Money Script Inventory – II (KMSI-II), Klontz Money Behavior Inventory (KMBI), and Financial Health Scale (FHS)
    • Describe a method for helping clients identify, challenge, and change their money scripts
    • Define and identify financial health and its components
    • Identify and describe money disorders and associated money behaviors
    • Describe several methods for helping clients work through their money disorders and make progress towards financial health
    • Identify cognitive biases that impact investor behaviors

    Scheduled Classes

    Call us at 402.280.4076 to schedule a class for yourself or your organization today.