Tutor Financial’s Michael Lewis CFA, MBA takes part in a webcast interview with Garret Biss, host of A Life Unchained.
VIDEO: Goals and Dreams Are Powerful Motivators
Recovery teaches us “take one day at a time”. When we introduce goals and dreams into the conversation, we not only convey belief that long-term recovery will happen, we replace emotional purchases with purposeful spending.
VIDEO: Spending the Money Is A Reflection of The Hope and Dedication That You Have for Your Loved One
Plan for helping your loved one in recovery while supporting your entire family.
VIDEO: Tip for Today with Michael Lewis
Tutor Financial’s Michael Lewis CFA, MBA speaks with Melissa Ternes, founder of Master Your Money Now.
Financing Alternatives for Recovery
The Affordable Health Care Act considers mental health and substance abuse disorders essential benefits that must be provided by any plan available in the health insurance marketplace.
The Language of Finance: Communication without Emotion
As parents, all we want for our child suffering with addiction is to make it stop. We will do anything to make the pain and suffering go away. If we are fortunate and our loved one begins their journey on the road to recovery, we desperately want to help them transition from becoming sober to living a sober life. We know what they need to do; if only they would listen! This is delicious irony. We want them to listen, and they want to be heard. In my experience the reason there is no communication is due to emotion. The …
The Various Forms of Financial Stress
As a financial professional dedicated to serving those families suffering from stress associated with addiction and recovery, I found the following information provided by Rick Kahler, MSFP, ChFC, CFP extremely helpful. The information he provides describes the multitude of ways people bring upon themselves financial stress and the role a financial advisor AND counselor such as myself can play in addressing these complex issues. Rick is a long-time advocate of blending financial planning with counseling, He has years of seeing the benefit for clients. Like Rick, I see financial counseling as an investment: one that can pay greater dividends than investments in a home, retirement …
The Link Between Anxiety and Sobriety
On September 30 – October 3 I attended the Moments of Change Conference in West Palm Beach Florida. This year the hot topic was Addiction Treatment Outcomes. I was fortunate to attend a presentation delivered by Joanna Conti, CEO of Vista Research Group, Inc. Right now, families looking to place a loved one in treatment have little evidence to guide them in evaluating one facility from another. Insurance covers a small percentage of the total cost of recovery. Most families must rely on anecdotal evidence or their own limited research to determine the best facility and modality. Costs can skyrocket …
Is College Worth Going into Debt For?
One of the most impactful decisions many recovering addicts face is College. The financial implications should not be ignored. College is but one step in the road to recovery. There are many more unknowns that lie ahead. As families begin to comprehend the investment of time required heal as a family, it is important that they also comprehend the financial investment required to heal as a family. For many families, there is a sense of urgency, whether real or imagined. Before families make decisions that they may regret in the future, they need to plan, a unique plan reflecting their …
Financial Rehabilitation: It’s All About the Conversation
This week I gave a financial awareness presentation to a group of young men and women in recovery at a renowned treatment program in Southern Florida. I quickly realized that everyone in the room had no idea what their parents were thinking or feeling about their being in treatment – then I thought back to my family’s situation years ago and remember having the exact same feelings and concerns. Empathy for this is what I think continues to allow the work I do to have an impact, I care because I understand. Over the course of his active addiction we …