The WitsMo Library

Money Beliefs

Beliefs | Personality | Psychology

Money Beliefs are the attitudes towards money, often developed in childhood. They have a strong impact on our financial health. The four major types are Avoider, Vigilant, Worshipper, and Status. Take the free checkup to find out which one you are!

Money Mantra

Tips | Positive Attitudes

Money Mantras help us develop a more positive attitude towards money. The Money Mantras that each of us needs can vary depending on our Money Beliefs and circumstances. Want to find out which one you need? Watch to video to learn more!

Like our videos? Sign up now to have free access for more!

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Cut Down Your Financial Anxiety

WitsMo lets you connect with your personal financial therapist and financial coach from virtually anywhere, at any time. And, WitsMo’s free and interactive tools help you gain new insight into your financial attitude and behaviors; with science-based grounding techniques, we can help reduce your financial stress.

"Wealth is the ability to fully experience life." - Henry D.Thoreau

'Shifting your mindset will do more for your performance, when it really matters, than yesterday's practice.'

Pernilla Nathan, PsyD

Licensed Psychologist

Well rounded, bilingual professional with over 12 years of financial services industry experience.

Armando Morales, CFP®

Previously at Charles Schwab

Experienced with Behavioral Psychology in Financial Planning.

Ivy Xiao

Previously at JP Morgan

'I consider myself to be the CFO of your life which means that I will run the numbers, present the data, and provide suggestions. However, you are the CEO, and the final decision is yours.'

Laura Morganelli, CFP®

Financial Planning | Wealth Counseling | Investment Management | Retirement Planning | Estate Planning

Derek Dieterich, CFP®

CFP® and CERTIFIED FINANCIAL PLANNER™
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Build A Healthy Relationship with Your Money AND Your Future

Planned and unplanned life events happen, but WitsMo is your safe space to share, to be heard and to access the information you didn’t have before. Empowering you to reach life’s milestones, and experience things that you love is WitsMo’s mission.

HOW IT WORKS

3 Steps To Getting Smarter With Your Money

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01

Free Checkup

Spend 2 minutes to learn about your money belief, which has a significant impact on your financial habits. Use the checkup to also discover some useful recommendations tailored to your money belief.

02

Digital Platform

Sign up to have unlimited access to our interactive tools that help you prioritize and design your life goals.

03

Talk To an Expert

Reach out to a financial expert through the platform when you have any questions about how to reach your life goals, budgeting, etc. Anything you want!

FREQUENTLY ASKED QUESTIONS

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Articles For Financial Therapy

Check Out Our Latest Articles

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    Money Behaviorial Mistake #1.Loss Aversion

    Financial Therapy | Investments | Personal Finance

    Lessen your fear, because if you let it grow, it is you who will become small...Most of us hate to take losses, and people generally prefer to avoid losses than to achieve gains.

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    Money Behaviorial Mistake #2.Overconfidence

    Financial Therapy | Investments | Personal Finance

    Ask anyone if they are an above-average or below average driver and most will say they are above-average...

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    How to Cope With Financial Stress Among Couples

    Financial Planning | Financial Therapy

    Give your stress wings and let it fly away. Life happens. Financial stress is inevitable for most couples. Research has found that...

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    What is Your "Money Script"?

    Financial Planning | Financial Therapy | Personal Finance

    Money scripts are the unconscious beliefs about money that are rooted in our childhood and ultimately shape our financial health. We ask you to take your Free Checkup, which is a short 12-question money script assessment designed to help you gain insight...

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    To Buy or Not to Buy: Why We Overshop and How to Stop?...

    Financial Planning | Financial Therapy | Personal Finance

    You can never get enough of what you don’t really need. The proliferation of online shopping and auction sites has made the Internet a fertile environment for the growth of compulsive buying and over-consumption.

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    Money Behavioral Mistake #6. Mental Accounting

    Retirement Planning | Financial Therapy | Personal Finance

    Mental accounting involves treating one dollar different from another depending on where it comes from, where it is kept, and how it is spent. This can lead to being too quick to spend, too slow to save...

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    Money Behavioral Mistake #3. Fear of Regret

    Retirement Planning | Financial Therapy | Personal Finance

    Regret, is a strong human emotion, and it can come into play with money, and how one invests. Fear of regret may drive someone to buy the latest “hot stock”...

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    Will Your Past Psychological Trauma Impact Your Financial Decision Making?

    Financial Therapy | Personal Finance

    Financial trauma, or financial stress brought about by past traumatic experiences, does not exist in a vacuum, but occurs within complex interlocking systems of social structure and meaning...

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    Self-Check on What Can Make or Break Your Financial Plan

    Financial Therapy | Personal Finance

    Each individual and family has their own unique needs, wants, and priorities. At WitsMo we understand that under certain circumstances, it is crucial that you may need to modify these goals.

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    Money Behavioral Mistake #5. Anchoring

    Financial Therapy | Personal Finance

    Anchoring refers to the tendency to hold to certain beliefs even when faced with new information that should alter those beliefs, thereby creating, in effect, tunnel vision.