This site is more than a collection of best practices. It is a 360-degree approach for improving psychological and physical wellness for financial professionals (FPs).
The Wall Street Psychologist is the essential e-Manual and online tactical toolkit for any financial professional (FP) who wants to succeed monetarily and emotionally in a world riddled with money-madness. This blog is not just about financial prosperity. It is about psychological survival. On Wall Street, so many states of being are interwoven; some beyond imagination. The pressure and intensity of the markets “wire” FPs. Only when you are centered emotionally and intellectually can you master your universe and truly excel. And really make money!
It is not enough just to manage your book, your clients’ portfolios, your assets, your employees, your industry, your empire.
You must manage yourself—all aspects of yourself: psychologically, physically, financially, emotionally, and spiritually. “Know Thyself.” This Greek aphorism was inscribed in the forecourt of the Temple of Apollo at Delphi. To do this, you must first and always master the relationship between your mind and money.
For most financial services professionals, self-esteem, self-worth (not just net-worth), and the constant anxiety of your state of being are all pegged to market movement and portfolio performance. This is the industry’s real occupational hazard. It is this inherent co-dependency problem financial pros struggle with daily: your value as a person can become almost entirely dependent on your production. This emotional trap has severe consequences.
As a psychologist, I have been treating brokers and other financial professionals, and members of their families, for more than 30 years. I have developed a passion for wall street psychology. As a group, FPs are bright, precocious, worldly, adventurous, interesting, entertaining, exciting, ambitious, lively, and very interested in accumulating significant wealth. They like making money, they like advising people, and they take pride in growing their clients’ portfolios and filling their firm’s coffers. However, much of their work comes with significant emotional and psychological turmoil and cost.