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Mar 29, 2023

Today’s guest is Sonya Lutter, Ph.D., CFP®, LMFT, owner of EnLite.World, and Director of Financial Health and Wellness at Texas Tech University’s School of Financial Planning. Dr. Lutter founded EnLite, a research and training consultancy firm for financial planners and therapists.

Enlite provides research design, data collection, statistical analysis interpretation, customized reports, and training programs for businesses. Their areas of focus include the psychology of financial planning, behavior management, and human capital issues.

Sonya draws upon decades of experience in academia to apply theory to practice. Her developmental work in financial therapy is summarized in Financial Therapy: Theory, Research, and Practice with co-editors Drs. Brad Klontz and Kristy Archuleta. 

Listen in for some great takeaways about the intersection of psychology, emotions, and money and why Dr. Lutter believes hiring a financial advisor can lead to happiness.

You will want to hear this episode if you are interested in...

  • Learn more about Dr. Sonya Lutter and her work [2:59] 
  • How—and why—Dr. Lutter became both a Ph.D. and CFP® [5:14] 
  • How addiction patterns can be demonstrated in finances [7:01]
  • The difference between therapy and psychology [10:49] 
  • Do most people in therapy need financial therapy as well? [12:58] 
  • Why every stakeholder needs to be heard and listened to [14:34] 
  • How financial therapy can help overall mental health [20:20] 
  • What can you do to alleviate anxiety around money? [22:05] 
  • The interplay between emotions and money in our lives [25:28]
  • Why both partners to understand family finances [28:50]
  • Why Dr. Lutter wrote "Want to be happy? Hire a financial advisor” [32:29] 
  • Is it an advisor's role to introduce core values to their clients? [36:36] 
  • What Dr. Lutter did today that put her in the right mindset for success? [37:53]

Resources & People Mentioned

Connect with Dr. Sonya Lutter

Connect With Mitlin Financial

Guests on the Mitlin Money Mindset Show are not affiliated with CWM, LLC, and opinions expressed herein may not be representative of CWM, LLC. CWM, LLC is not responsible for the guest's content linked on this site.

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