“Be frugal.” “Save for the future.” “Live on less than you make.” That’s my usual financial advice, and it’s well worth repeating even though too many Americans aren’t following it. Sometimes, though, I find it necessary to work with clients to overcome a different problem—underspending. Huh? How can underspending possibly be a problem? Isn’t it a virtue to save and accumulate?
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The High Cost of Underspending
About Rick Kahler:
Rick Kahler, MSFP,CFP ® , CFT-1™, CeFT ® , CCIM, president of Kahler Financial Group, is a life-long resident of Rapid City, SD. He began his professional career in 1973 selling and appraising real estate He founded Kahler Financial Group in 1981. He became the first fee-only Certified Financial Planner™ (CFP ® ) in South Dakota in 1983. In 2020 he became one of the first Certified Financial Therapist-Level I (CFT-I™,) in the nation.
His firm, specializing in the integration of investment advising, financial planning, financial coaching, and financial therapy, serving small business and real estate owners, professionals, and retirees, as well as individuals and families.
He served on and chaired the South Dakota Investment Council and served in leadership capacities with the Financial Planning Association and the National Association of Financial Planning Advisors. Kahler is also a nationally renowned speaker and educator. In 2003, National American University recognized Mr. Kahler with the Alumni Distinguished Service Award.
Interested in working with Rick Kahler, MSFP, CFP®, CFT-1™, CeFT®? Please go to our website, www.kahlerfinancial.com/request-an-appointment and fill out a request for a 30-minute free consultation.
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