The "philosophical counseling" and "philosophical counseling movement" developed in the late twentieth century are influencing people as an emerging discipline in the age of globalization. In short, philosophical counseling is that "through philosophical methods like using philosophical texts, concepts, theories, as well as philosophers or philosophical methodology, a trained man of philosophy helps individuals overcome the obstacles they might be confronted with during the process of growing up before they can make the best development of his capabilities." In this paper, we first make it clear that philosophy is a therapy for the soul, and philosophical counseling, distinguished from psychological counseling and psychiatry, is a psychological therapy in a broad sense. Secondly, philosophical counseling is identified as a practical philosophy, and its establishment, methodology and the five steps of "PEACE" are summarized. Thirdly, "dialogue" is analyzed as the basic component or methodology of philosophical counseling, and with the "open dialogue" and "client-centered dialogue" in mind, the ultimate goal is to make one "become his or her own philosophical counselor;" with Thomas Aquinas's philosophical texts as a model, the text therapy (counseling) is recommended as a way for a man of philosophy to counsel himself. Finally, philosophical counseling is affirmed as an approach of the practice of contemporary philosophy to lead the philosopher himself, the clients as individuals or groups, and children or adults to the path to a wholesome life.