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What is Financial Therapy & Why You Might Need it w/ Khara Croswaite

What is Financial Therapy & Why You Might Need it w/ Khara Croswaite

March 10, 2025

 

Talking about money is often uncomfortable. Especially for men expected to be providers and financial decision-makers. On a recent episode of the Men’s Therapy Podcast, host Marc Azoulay speaks with financial therapist Khara Croswaite Brindle. They talk about the deep connection between financial stress and mental health. Brindle is a financial therapist who specializes in helping individuals with their money mindset. She is an expert in financial coaching. She works with clients to address financial trauma and improve their relationship with money. Her goal is to help people gain a healthier outlook on their finances. Brindle’s expertise focuses on guiding clients through their financial challenges.

“I will talk about anything people don’t want to talk about,” Brindle says. She notes that money is one of the most taboo topics, often ranking even higher than discussions about relationships or mental health. This avoidance can lead to financial stress, causing anxiety, shame, and even depression. “The running joke is that we’d rather talk about our sex lives than our money lives,” she adds. Kara highlights the societal reluctance to engage in honest financial discussions.

So, how can men break free from the cycle of financial avoidance and develop a healthier relationship with money? Brindle offers valuable insights into financial literacy and business coaching. She also helps clients develop strategies to overcome financial trauma.

Understanding Financial Therapy and Money Psychology

Financial therapy is a unique discipline that bridges the gap between financial coaching and mental health. Financial therapy goes beyond traditional coaching, which focuses on literacy and budgeting. It explores the emotional and psychological aspects of money. This approach helps clients address deeper issues related to their finances.

“Financial therapists help people heal their relationship with money,” Brindle explains. “We’re still looking at thoughts, feelings, and behaviors around money. But we also address financial trauma, money beliefs, and financial stress.” She emphasizes that our money mindset is often shaped by early experiences and inherited beliefs. These subconscious narratives influence how we spend, save, and even talk about money.

Impact of Financial Trauma and Noble Poverty

Caregivers, like therapists and social workers, often face “noble poverty,” as Brindle calls it. This refers to a mindset where people undervalue their work and struggle financially. It often leads to financial stress and a lack of proper compensation. This is the idea that helping others should come at the expense of financial stability. “Noble poverty means you’re putting yourself in financial distress to help others,” she says. This belief can prevent people from seeking financial freedom. It is often reinforced by graduate programs and professional cultures.

Financial trauma also plays a significant role in shaping spending and saving behaviors. “The average person has 50 to 200 money beliefs,” Brindle notes. These beliefs, whether positive or negative, influence financial decisions. For example, some people avoid checking their bank accounts out of fear. And others engage in compulsive spending to feel successful.

Practical Steps Toward Financial Wellness

Brindle encourages men to take small but meaningful steps toward financial literacy. One key recommendation is to hold regular “money meetings” with themselves. “Start with five minutes,” she advises. “Check your bank account, review your subscriptions, or discuss financial goals with your partner. The goal is to move from avoidance to neutrality.”

She also emphasizes the importance of value-based spending. “What are your small spend joys?” she asks. She suggests enjoying affordable pleasures rather than cutting all discretionary spending. This approach allows for enjoyment without overspending. Whether it’s a coffee, a favorite hobby, or a weekend trip. “Deprivation leads to burnout and overspending later,” she warns.

Business Coaching & Financial Coaching for Long-Term Success

For entrepreneurs and professionals, financial coaching goes beyond personal finance. It extends into business strategy. Brindle explains that business coaching helps men align their financial goals with their careers. This process supports achieving both professional and financial success. This approach supports their professional and financial growth. “Many therapists and business owners hit a glass ceiling where their clients can’t afford them,” she explains. “That’s when it’s time to explore multiple income streams.” 

Brindle believes that diversification is key to long-term financial stability. She manages 15 different income streams. “The modern therapist or entrepreneur isn’t going to work 40 hours a week seeing clients forever,” she says. “They need to look at passive income, online courses, speaking engagements, and other opportunities.”

Conclusion

Talking about money doesn’t have to be stressful or shame-inducing. Through financial therapy, men can develop a healthier relationship with money. They can improve their financial literacy, and reduce financial stress. By taking small, consistent steps, they can overcome financial trauma. They can create a more balanced and secure financial future. Embracing financial wellness is about more than just numbers. It’s about shifting mindsets. It focuses on breaking down psychological barriers. These barriers prevent men from achieving financial security. Overcoming them helps men reach their financial goals. With the right strategies and support, anyone can create a sustainable financial future. This future can align with their values and goals.

About Khara Croswaite Brindle

Khara Croswaite Brindle is a highly respected financial therapist. She is a licensed professional counselor and acclaimed author. She is committed to changing how individuals view and manage their financial well-being. Her goal is to help people improve their financial mindset. She specializes in bridging the gap between money psychology and financial literacy and wants to help professionals and entrepreneurs build healthier relationships with their finances.

She has years of experience in financial and business coaching. Brindle empowers clients to overcome financial trauma. She helps them to develop a positive money mindset and create sustainable financial strategies and is a sought-after speaker who has presented at major industry conferences. She has authored multiple books that provide actionable insights into financial wellness.

Beyond her clinical work, Brindle actively contributes to financial therapy. She does it through field through workshops, consulting, and mentorship programs and believes in making financial education accessible. She aims to ensure that professionals across industries can achieve financial stability.

Resources Mentioned

The Art of Money by Barry Tesler

Financial Recovery: Developing a Healthy Relationship with Money by Karen McCall

Price of Avocado Toast Podcast

Perfectioneur From Workaholic to Well-Balanced by Khara Croswaite Brindle

Connect with Khara

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Men’s Therapy Online is a revolutionary platform. It is devoted to addressing the particular mental health issues encountered by men. It is hosted by Marc Azoulay, a certified men’s mental health coach. The podcast addresses a wide range of critical topics. These include grief, career transitions, emotional resilience, and personal growth. Every episode will offer insightful conversations and useful coping mechanisms to guide you through life. Join the community and start your journey towards becoming a better man!

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