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How to get money advice without a side of shame
By Kimberly Palmer | NerdWallet
The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.
Rahkim Sabree, a financial therapist and accredited financial counselor based in the Hartford, Connecticut area, worked hard in his 20s to achieve his dream of buying a house. At age 26, he finally did.
But soon afterward, he second-guessed himself after he came across a financial expert online who declared that buying a home was a bad move for young people. This particular expert encouraged renting instead.
Sabree felt crushed.
“Buying a home was an emotionally charged and scary decision for someone who didn’t grow up in a house and aspired for homeownership,” says Sabree, now 34. “To have it pooh-poohed was disheartening.”
Now, Sabree, along with a new wave of financial experts — many of whom have backgrounds in financial therapy and trauma-informed training — want to put a stop to online “financial shaming.”