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A wealth psychologist is a mental health professional who specializes in helping individuals deal with issues that come with being wealthy.

Money may be the secret to happiness for some, and, clearly, there are worse problems to have than an overflowing bank account. But owning lots of cash can pose mental and emotional challenges that aren’t so obvious. Among the more common wealth issues is the guilt that occasionally plagues the ultra-rich, especially the newly ultra-rich. They sometimes grapple with feelings of shame or isolation, and they seek a wealth psychologist for guidance.

Wealth psychologists also help people deal with inheritances and estate planning. They advise wealthy parents who don’t want money to spoil their children. Many work for wealth management or financial service firms, where they help financial professionals care for their clients’ large fortunes.

Wealth psychologists are also called money psychologists or wealth counselors.

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