Wealth Psychologist

We’ve probably all thought at least once about what it would be like to win the lottery. Maybe we’d buy a yacht and a private plane and eight thousand pairs of Air Jordans. Or maybe we’d be like Enya and go live in a remote castle with a bunch of cats. (Both sound pretty good, tbh.)

But in all that daydreaming, did we ever consider what all that wealth would do to us mentally, emotionally, and spiritually? Well, some people have, and that’s why there are wealth psychologists.

These mental health professionals help their clients with all sorts of money-related woes, from dealing with golddiggers and unlimited credit cards to tips on raising non-spoiled children in a rich household. Sometimes people feel guilty when they suddenly have a lot more money than everyone around them, and wealth psychologists can help with that, too.

But they’re not just for people in wealth crisis mode. They can also participate in our general financial planning process, and can help us learn how to cope with things like market uncertainty, estate planning, and even our own preconceptions about money and what it means to us.

Find other enlightening terms in Shmoop Finance Genius Bar(f)