What is Wealth Therapy?

  • Wealth therapy deals with your attitude to money and your resulting attitude to life

  • It deals with the isolation which often accompanies wealth when you can only socialise with

       people who have money.

  • It acknowledges the judgements that people make about your right to struggle

  • It deals with the guilt, shame and confusion that having money and status can bring

  • It acknowledges the sense of not knowing who to trust

  • It addresses the complications that arise in your sense of identity and relationships

  • It considers your legacy and your impact on the world

  • It seeks to improve family communication to protect shared assets

 

Who is it for?

  • Entrepreneurs, inheritors, celebrities and other high net-worth individuals

  • Parents struggling with passing on appropriate values to their children

  • Those who have married into money and are dealing with being unequal financial partners

  • Lottery winners coping with 'sudden wealth syndrome'

What kind of problems does it address?

Wealth Fatigue Syndrome

This is the need to spend more money, but then find that new purchases only give a short term buzz and quickly lose their excitement.  The only solution is to keep buying more and more stuff until the money dries up.  This path of self-destruction needs to be carefully managed to avoid financial meltdown.

 

Affluenza

You may have heard of ‘affluenza’ “A psychological malaise supposedly affecting wealthy young people, symptoms of which include a lack of motivation, feelings of guilt, and a sense of isolation” Oxford Living Dictionaries.  This is an issue which we tackle head on, enabling you to find new inspiration and to commit to moving forward.

 

Guilt and Secrecy

The secrecy around wealth, often adopted by individuals as a self-protective behaviour, can lead to social isolation.  Guilty feelings emerge, as resentment from the less well off begins to take its toll. 

 

Pressure

The constant worry that wealth may be lost, that status may be affected, or that social isolation from a wealthy peer group will result can sometimes be too much to bear.  Being psychologically and emotionally able to cope with wealth is very different from being able to manage financially.

 

The worst of outcomes

Excessive affluence and success in some cases can lead to a sense that one is entitled, to a sense of superiority and to greed.  Those with an insatiable appetite for the acquisition of possessions, money and fame often find that happiness is illusive.  Instead, depression, anxiety, guilt and shame are the outcome.

Problems of money at a young age

Substituting money and gifts when time, love, and a close bond are not available to a child can lead to an insecure offspring, unable to find value or meaning in everyday life.  Depression, living to excess, a voyage of self-destruction, or a sense of isolation can hugely affect young adults as they struggle to come to terms with wealth.

I have everything but I want more

When status, wealth, security and social acceptance have been achieved in abundance, what more is there in life?  Exclusive Life uses the Therapeutic Learning Framework© to enable individuals to define a life beyond wealth and status which is ‘fully functioning’.  This has nothing to do with what you do, but everything to do with what you are.  It shifts the focus from unhealthy habits of acquisition and accolades to a sense of purpose, fulfilment and contentment.

Sue Renger

Counselling Psychologist

sue   suerenger.co.uk

​Tel: +44 (0)7760 989511

Derbyshire, UK

© Dr Susan Renger 2020