This is what we're about.


Since 1988, the Financial Recovery Institute has been a pioneer in the field of financial recovery, working with individuals and couples, and training professional counselors in a holistic approach to money management that is truly transformational.

This approach and proven system is the only financial program that enables people to understand where they are, how they got there, how to change their financial circumstances and maintain a healthy relationship with money for the rest of their lives.

Founded by Karen McCall, who developed the Financial Recovery process during her 30 years of private practice as a financial counselor, the Financial Recovery Institute teaches its counselors how to help clients identify, understand and eliminate self-defeating money patterns once and for all.

It also provides specific money management tools that empower people to create spending and savings plans that meet their unique needs and fully support their individual dreams and goals.

The mission of the Financial Recovery Institute, which has been acknowledged and embraced by financial experts and mental health professions, is two-fold:


To provide education and counseling to individuals, couples, and business owners who want to heal self-defeating money behaviors, improve their financial situation, and transform their relationship with money in a profound and permanent way.


To provide professionals who are already working as financial advisors, counselors or therapists with the tools that they need to transform their clients’ relationship with money.


Our mission is to help people form new, healthy relationships to money and build financial lives that are stable and secure.


About Karen McCall

My approach to helping others is rooted in my own experience. Years ago, my financial life was in shambles. On the outside, I looked every bit the part of a successful career professional: I had the prestigious address, the designer wardrobe, the late model sports car, and a corner office in a landmark skyscraper in San Francisco’s financial district.

But behind that impressive façade lay a dirty little secret:

“I had all the trappings of success, but the truth was, I was flat broke.”

Instead of saving, I was living paycheck to paycheck. I was driving with an expired license and my car registration was past due. I was behind in my rent and car payments.

Bill collectors were hounding me. And things were steadily getting worse. I was racking up credit card debt at an exorbitant rate, unable to discern between the things I wanted and the things I needed.

In short, I was in a financial mess. And to make matters worse, I was too proud to admit I didn’t know how to manage my money—and too ashamed to ask for help.

When I finally hit rock bottom, I realized that there was more involved than my lack of financial skills. There were deep-seated emotional issues that were undermining my ability to succeed with money.


“I never imagined that my own seemingly insurmountable money problems would lead me to a deeply satisfying and financially lucrative career.”


“But there were no services for people like me.”

I looked for answers in books, and while I found plenty of financial advice, there was nothing on the shelves that addressed the root causes that lead to money problems.

Neither did the expertise of financial advisors and accountants. They knew a lot about saving, spending and investing but not about the self-defeating money patterns that were ruining my life. I sought out therapy, which helped me process my pain, shame, fear and sense of deprivation.

But I could feel that the roots of my problem hadn’t been touched. They were still buried deep within me.

Like so many others, I had been living in what I call “a money coma” — utterly unconscious of my relationship to money — and that relationship was exactly what I needed to understand. And change.

No wonder there was no quick fix! This was an issue that needed to be addressed on practical, emotional and spiritual levels. Clearly, a lasting solution would require an integrated approach. It was that realization that finally enabled me to build a new and healthy financial life for myself.

I started taking simple steps that were amazingly powerful. I created a set of simple worksheets and easy money-tracking tools unlike any I’d found. I quickly began to see results, experiencing not only more financial stability, but also a greater sense of well-being.


“The vision of a future beyond my immediate state of devastation started to come into focus.
It was an image of the life I actually wanted to live.”


At some point, I realized I was developing a personal recovery process—Financial Recovery.

As I began sharing this system with others, I became more and more excited by the results. People from all walks of life and all income levels were able to immediately transform their self-defeating behaviors and, over time, change their entire financial lives.

In 1988, I started my Financial Recovery practice and laid the groundwork for the Financial Recovery Institute.

"Everyone can learn to break self-defeating money patterns.”

It’s been more than 30 years since I transformed my own relationship with money. In that time, I’ve helped thousands of others do the same.

This work has been the most compelling and gratifying work of my life. Now my desire is to offer like-minded professionals the same opportunity I’ve had. I want to provide them with all the tools and training necessary to help others create stable, satisfying, sustainable relationships to money.

I cannot imagine a more satisfying career or life purpose.


"Today my business is thriving! I live the life I want to live, not beholden to a corporation for my livelihood."

Lisa Gould
World Class Money Coach Training member

Financial Recovery

Karen shares in her book, "FINANCIAL RECOVERY: Developing a Healthy Relationship with Money," her complete story and the powerful tools, systems and processes she developed.

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