Almost half of Americans struggle with revolving unsecured debt each month. That’s why the thought of spending money on a financial advisor may seem impractical. However, a substantial source of that struggle could be doubt or uncertainty in managing monthly budgets–areas where a financial advisor can provide valuable guidance and support.
Nathan Astle, CFT-I, LFMT, a financial therapist at Beyond Finance, agrees that many people fighting debt could benefit from a financial advisor. As a financial therapist, he understands people try to manage debt independently, but stress and inexperience often get in the way. When someone experiences emotional stress, it’s difficult to reason effectively. Astle always shares that it’s okay to admit we need help.
“Some triggers that keep us awake, like anxiety and cortisol levels, can come up when money is on the mind.” He explains, “This is especially true when coming from a place of desperation or feeling like we won’t be able to make ends meet. Even if you aren’t drowning, you can still experience these symptoms if you’ve had financially traumatic experiences in the past.”
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