Making Good Financial Decisions:
Neurofeedback Therapy Can Help
Believe it or not, neurofeedback therapy has positive by-products to specific treatments. Neurofeedback is great for treating anxiety issues. When anxiety or stress is reduced, one of the most prevalent effects is better critical thinking when it really counts. In no situation is this more important than in our financial health.
According to a New York Times article entitled, “Money Fights Predict Divorce Rates,” Professor Jeffrey Dew tracked 2,800 couples surveyed in 1987 by the National Survey of Families and Households and found that those who argued about money once a week were 30 percent more likely to get divorced than those who only disagreed a few times per month. The message here is: money decisions go directly to the heart of any marital relationship. If a couple can make more informed and less impulsive financial decisions, then they can maintain a healthier and happier household.
Talk therapy and neurofeedback therapy can assist on two fronts when it comes to making monetary decisions.
First, it can reduce worry and anxiety about making the decisions, allowing clearer thinking under pressure. For example, it can help couples keep a clear head when choosing investment strategies. By slowing down and thinking instead of acting rashly because they are an emotional mess, they can choose stocks more wisely based on sound financial principles rather than because they got a hot tip from a guy on the subway.
Second, the therapy gives the client the ability to let go of anxiety more easily when decisions have been made and it is out of their hands. Let’s face it, worrying for the most part does no good. It keeps people up at night and has no positive effect on their choices. By treating their anxiety with neurofeedback therapy, clients can sleep better and relax more easily. This makes them easier to be around and consequently makes their relationships less stressful and more likely to withstand the rigors of financial swings in fortune.
Neurofeedback might even make it so that you can resist the impulse to stop and buy that mocha latte at Starbucks, which over the long haul could save you thousands of dollars and help put your kids through college.
If you’re dealing with an issue like this, I would be happy to help. Please reach out by calling my office at 310-314-6933 or sending me a private email.