A therapeutic hand-held exercise device includes a pair of movable members that each define a handle portion and an end effector portion. The movable members are pivotably connected for relative pivotal movement between a first position and a second position. The handle portion of one of the movable members defines at least one flexible member engaging post. The end effector portion of the other movable member defines at least one flexible member engaging post such that the flexible member engaging posts can receive a common flexible member. The flexible member engaging posts are joined via a first common flexible member and other flexible member engaging posts are joined via a second common flexible member. The common flexible members may each exhibit a tensile strength that provides resistance to movement which either differs from or is equal to the tensile strength of the other common flexible member.