Page 10 - Jupiter West - February '22

Page 10, Jupiter West

Financial Focus Benefits Of Cognitive Behavioral

Financial Advisors Can Help Therapy For Kids

Reduce Anxiety By Jim Forgan, Ph.D., • Recognize distorted (irrational, unrealistic) or
School Psychologist catastrophic (worse-case scenario) thoughts.
By Sally Sima Stahl Cognitive Behavioral • Evaluate these thoughts in terms of reality (e.g., how
The long-running Therapy (CBT) is a form of true is…?, how likely is it…?).
coronavirus pandemic counseling used to treat a • Reframe thoughts based on this evaluation (e.g., what
has fueled a lot of number of psychological and is more likely?).
anxieties – including behavioral conditions that • Problem solve situations based on this evaluation
financial ones. But commonly occur in children (e.g., If it is likely…, then I can).
some people have had including: anxiety disorders, • Increase confidence in the ability to problem solve
far fewer worries than obsessive-compulsive disorder, over time (Last time, I was able to…).
others. attention deficit hyperactivity It also addresses unhealthy behavior patterns using
Consider this: Among disorder, depression, and some of the following methods:
those investors who autism. • Cognitive Restructuring: replacing irrational
work with a financial Research suggests that typically developing children thoughts with more balanced ones
advisor, 84 percent said that doing so gave them a ages 7 and older are reported to benefit most from CBT. • Containment: setting parameters around when and
greater sense of comfort about their finances during CBT can be a very welcomed treatment with benefits where negative emotions and behaviors will be processed
the pandemic, according to a survey from Age Wave for your whole family. The core principle of CBT is and addressed
and Edward Jones. the premise that unhealthy thinking patterns can lead • Graded Exposure: facing fearful situations in a
Of course, many people experience investment- to unhealthy behavior patterns. CBT focuses on the gradual and therapeutic way over time
related fears even without a global health crisis, and cognitive factors that cannot be observed (unhealthy, • Successive Approximation: breaking down complex
that’s probably not surprising, given the periodic irrational and obtrusive thoughts), but are known to serve tasks into smaller more attainable steps to build
volatility of the financial markets. But financial as triggers for the unhelpful, and sometimes harmful, confidence and self-efficacy along the way
guidance can come in handy during relatively normal behaviors we experience. Check PsychologyToday.com for local counselors. We
times, too. The cognitive behavioral methods backed by research offer dyslexia, learning disability, IQ, anxiety, depression,
A financial professional can help you … are those that systematically and simultaneously address and ADHD/ADD testing. Visit JimForgan.com or call
… Look past the headlines – Inflation, interest rates, unhealthy thinking patterns by helping the learner: (561) 625-4125.
pandemics, elections – there’s always something in • Understand thoughts are automatic but changeable.
the news that could affect the investment world in the
short term. But by helping you construct a portfolio
that’s built for the long term and reflects your goals, ON T H E HOR I Z ON
risk tolerance and time horizon, a financial advisor Lighthouse Sunset Tour
can enable you to look past the headlines. Feb. 2, 9, 23
… Avoid emotional decisions – Many people let Mar. 2, 9, 16, 23, 30
their emotions drive their investment choices. When the Where History
market goes through a downturn and the value of their Lighthouse Moonrise Tour
investments drops, they sell to “cut losses,” even though Meets Adventure! Feb. 16 and Mar. 18
these same investments may still have good business
fundamentals and promising futures. Conversely, when Twilight Yoga at the Light
the market is on an uptick, some people chase after Feb. 7, 14, 21, 28
“hot” investments, even when they become overpriced Mar. 7, 14, 21, 28
and may have very little room to grow. But a financial
advisor can help keep you from making these fear- and Lighthouse Story Time
greed-based actions by only recommending moves that & Crafts for Kids
make sense for your situation. Feb. 18 and Mar. 19
… Work toward multiple goals – At various times in
your life, you may have simultaneous financial goals. LOXAHATCHEE RIVER Lighthouse Sunrise Tour
HISTORICAL
For example, you could be investing for a retirement SOCIETY Mar. 13, 19
that’s decades away, while also trying to save for a
child’s college education. A financial professional
can suggest ways you can keep working toward both jupiterlighthouse.org 561-747-8380 This activity is conducted under permit
from the Bureau of Land Management
(BLM) and occurs all or in part on
objectives, in terms of how much money you can afford 500 Captain Armour’s Way, Jupiter public lands administered by the BLM
within the Jupiter Inlet Lighthouse
Outstanding Natural Area.
to invest and what types of savings and investment
vehicles you should consider.
… Prepare for the unexpected – Most of us did not
need a pandemic to remind us that unexpected events
can happen in our lives – and some of these events CAMPBELL AND KARLIK, P.A.
can have serious financial impacts on us and our loved
ones. Do you have adequate life insurance? How ATTORNEYS AT LAW
about disability insurance? And if you ever needed
some type of long-term care, such as an extended
stay in a nursing home, how would you pay for it? A
financial advisor can evaluate your protection needs Wills • Trusts • Estate Planning • Probate
and recommend appropriate solutions that fit within Taxation • Real Estate • Corporations
your overall financial strategy.
… Adapt to changing circumstances – Over time,
many things may change in your life – your job, your
family situation, your retirement plans, and so on.
A financial professional can help you adjust your
financial strategy in response to these changes.
Achieving your financial goals may present challenges,
but it doesn’t have to cause you years of worry and distress
– as long as you get the help you need.
This article was written by Edward Jones for use by
your local Edward Jones Financial Advisor, Edward
Jones, Member SIPC.
Edward Jones is a licensed insurance producer
in all states and Washington, D.C., through Edward
D. Jones & Co., L.P., and in California, New Mexico
and Massachusetts through Edward Jones Insurance
Agency of California, L.L.C.; Edward Jones Insurance
Agency of New Mexico, L.L.C.; and Edward Jones
Insurance Agency of Massachusetts, L.L.C. Diane L. KarLiK
Edward Jones, its employees and financial advisors
cannot provide tax advice. You should consult your
qualified tax advisor regarding your situation.
Contact us at (561) 748-7600, Sally Sima Stahl, Tel: (561) 625-5220
AAMS, 1851 W. Indiantown Road, Ste. 106, Jupiter, 3450 Northlake Boulevard Suite 210 Fax: (561) 625-5201• Mobile: (561) 797-5004
FL 33458. Palm Beach Gardens, FL 33403 EMail: dlkarlik@aol.com