The Financial Wellbeing Podcast: Recent Episodes
The Financial Wellbeing Podcast
Episode 120 – Money Stories with Dr Megan McCoy
In this episode, we chat with Dr. Megan McCoy a financial therapist about money stories—the beliefs we form about money based on childhood, family, and past experiences.
A warm and insightful conversation about why we behave the way we do with money, and how understanding those patterns can lead to better financial wellbeing.
Welcomes & IntroductionsWant to know more about Chris Budd’s The Financial Wellbeing Pulse? Have a listen to Episode 110 here.
Producer Tommo – Director and Chartered Financial Planner at the award winning, employee owned and B Corp certified Ovation Finance! Fancy a chat with Tom Morris and the team at Ovation? Contact details here
Producer Tommo – Director and Chartered Financial Planner at the award winning, employee owned and B Corp certified Ovation Finance! Fancy a chat with Tom Morris and the team at Ovation? Contact details here
What’s on Today’s Podcast?A chat with Dr Megan McCoy, a financial therapist about the relationship between money and happiness – financial wellbeing from a therapist direction.
Tight Ass TommoFeaturing cheap meals, good wellbeing investments that wont save you money and free travel on your birthday.
Thank you to Rich Ellis for his suggestion – if you live in the West of England, check out the Birthday Bus website here.
Interview with Dr Megan McCoyChris Budd and Dr Megan McCoy met at the Financial Therapy Association Conference in San Diego
What is Financial Therapy?
2008 Recession – therapists couldn’t help patients with financial related issues and financial advisers were seeing increased issues therapy could help with. There was a need to cross train and apply a holistic approach for someones individual and financial wellbeing.
How financial advisers can train around crisis help and increase their confidence in helping their clients.
Should financial advisers be approaching these areas?
We need to be there for the ‘human’ moment
Dr Megan McCoy
How to spend money for happiness – from Elizabeth Dunn to Desmond Tutu
Realigning Expectations – we often have a single Money Story and stick with it.
Money Genogram – explore your family tree
Start by asking:
- What’s your earliest memory of money?
- Who managed the finances in your childhood home?
- How did your family talk about wealth, debt, or spending?
- What money behaviours do you still mimic – or reject?
Share stories around money with family, consider your perceptions and influences around your financial behaviours.
Common issues Dr Megan McCoy comes across;
- Financial Infidelity
- Estate Settlements
- Money Insecurity
- Blended Families
Fairness in finances
When to refer;
- emotionally upset in meetings
- not focussed on finances in meetings
- thinking about clients outside of meetings
Conclusions from the Guys
Dr Megan McCoy is a Financial Therapist and Assistant Professor at Kansas State University. With over 10 years of experience in counseling and research Megan’s mission is to help people achieve financial freedom and happiness.
Megan’s first co-authored book “Financial Planning Counseling Skills” has just been released.
Want to know more – connect with Megan on LinkedIn
Episode 119 – 7 Tips on Investing for WellbeingIt’s taken us a while to get here, but we’re finally tackling that ever-mysterious (and often misunderstood) topic: investment management. But don’t worry—this isn’t a crash course in stock-picking or trying to “beat the market”. As always, we’re looking at money through the lens of wellbeing – whether you’re managing your own portfolio, working as a financial planner, or just curious about how investing can contribute to a greater sense of security and contentment – we have 7 practical and philosophical tips to help you manage your investments in a way that supports a happier, more fulfilling life.
Welcomes and IntroductionsChris shares his recent experiences in Marrakesh
Fancy a chat with Tom Morris and the team at Ovation? Contact details here
Whats on Today’s PodcastExploring investment management from a financial wellbeing perspective
Tight Ass TommoFeaturing more from Marrakesh and special guest Rohan Sivajoti shares his supermarket yellow sticker finds.
This episode: Why what you’re investing for matters more than what you’re investing in * The real value of a financial plan—and why it should come before any investment decisions * A powerful story about the cost of “more than enough” * What a roast dinner has to do with taking too much risk! * How to stop your investments from raising your heartbeat * What “financial pornography” is and why you should ignore it * And how one of Chris’s favourite psychological models (hello, Self-Determination Theory*) can help you feel more confident and in control of your investment journey
The 7 Investment Tips for Wellbeing:1. Invest according to your objectives – Different goals need different investment pots. A holiday fund shouldn’t be in crypto. 2. Build your investments around a financial plan – Understanding “how much is enough” is key to knowing what you’re working towards. 3. Know how much risk you need to take – Not everyone needs to chase high returns. 4. Don’t invest in a way that raises your heartbeat – If it keeps you up at night, it’s not worth it. 5. Manage your emotional response to market fluctuations – Avoid panic (or euphoria) by staying focused on your long-term plan. 6. Set clear investment rules – Having a process gives you a sense of control, even in unpredictable markets. 7. Boost your knowledge—or get help – If you’re not confident, seek guidance from a financial planner (ideally one who also does cashflow forecasting!).
Conclusions From The GuysCome and get involved!
We want to hear your Messages From the Future. Record a short 30-second message sharing a decision you’re glad you made (or one you regret) to help others make better choices. Send your voice clips to marketing@ovationfinance.co.uk—and join the conversation.
Episode 118 – Kindness with Dennis Harhalakis
Money isn’t just about numbers – it’s about emotions, habits, and the way we treat ourselves and others. In this episode the guys welcome Dennis Harhalakis, an experienced money coach, to explore the connection between kindness and financial wellbeing. Of course we have another round of Tight Ass Tommo tips as ever. This episode is packed with wisdom, humour and practical takeaways to help you bring more kindness into your financial life. Hit play and let’s dive in!
Welcomes & IntroductionsWant to know more about Chris Budd’s The Financial Wellbeing Pulse? Take a look here
Producer Tommo – Director and Chartered Financial Planner at the award winning, employee owned and B Corp certified Ovation Finance! Fancy a chat with Tom Morris and the team at Ovation? Contact details here
Chris Budd – founder of the Institute for Financial Wellbeing. Gearing up to play at the 2025 IFW conference.
What’s on Today’s Podcast?A chat with Dennis Harhalakis, exploring money coaching and kindness in connection with our finances.
Tight Ass TommoFeaturing some rather morally grey money saving tips around umbrellas and kids meals!
Interview with Dennis HarhalakisWhat is money coaching?
You can’t understand how to manage your money, until you understand your behaviour
Dennis Harhalakis
Common things Dennis has seen when exploring finances with couples
Internal self worth is better for long-term wellbeing – so what bring internal self worth? Kindness!
- What is kindness?
- The importance of being kind to yourself
- How kindness is good for you
- Money and kindness
Why do those with more money often give less to charitable causes?
Compersion, the opposite of schadenfreude
Conclusions from the Guys
Dennis Harhalakis has over 30 years experience in financial services. As a money coach he set up Cambridge Money Coaching – helping people understand and manage the money in their lives.
Want to know more – connect with Dennis on LinkedIn
Episode 117 – The End Of History Illusion
In this episode we’re diving into a fascinating psychological concept that influences the way we make decisions — The End of History Illusion, which in short, is the idea that people believe they have reached their final form and will not change much in the future. The guys explore how our personality, values, and needs continue to change throughout our lives—and why we often underestimate these changes. They’ll also discuss the effect this illusion has on our financial decisions, from planning for retirement to making career choices, and share practical ways to connect with your future self.
Oh, and don’t miss Tight-Ass Tommo’s latest round of quirky money-saving tips — they’re as entertaining as they are thrifty!
Welcomes & IntroductionsWant to know more about Chris Budd’s The Financial Wellbeing Pulse? Take a look here
Fancy a chat with Tom Morris and the team at Ovation? Contact details here
Whats on Today’s PodcastLearn about the fascinating psychological concept of The End of History Illusion and how it affects our decision-making. Discover why we assume we won’t change much in the future, even though our past tells a different story.
Tight Ass Tommo* Save your 2024 calendar to reuse in 2052! * Meal prep—but don’t overload your freezer. * Over 50? Stop warming your plates to save energy!
How Underestimating Personal Future Change Effects Your Financial Decisions TodayWhy we get it wrong.
Why we underestimate how much we’ll change in the future—and how this impacts our finances.
How this impacts your finances.
From career paths to retirement plans, find out how our mistaken beliefs about the future can lead to financial regrets.
Practical tips for better decisions.
Hear strategies to connect with your future self and make smarter, more proactive choices today.
Conclusions From The GuysCome and get involved!
We want to hear your Messages From the Future. Record a short 30-second message sharing a decision you’re glad you made (or one you regret) to help others make better choices. Send your voice clips to marketing@ovationfinance.co.uk—and join the conversation.
Episode 116 – Behavioural Finance with Greg Davies
In today’s show, we have another fascinating conversation with Greg Davies, as he comes back to chat with us for a third time! Greg dives into the concept of behavioural vulnerabilities and the importance of anxiety-reducing returns when making money choices. He also shares insights on how we can identify and adapt to our behavioural traits to make better financial decisions. If you’ve enjoyed Greg’s previous appearances on the podcast, you won’t want to miss this insightful follow-up conversation. Let’s get started!
Welcomes & Introductions Want to know more about Chris Budd’s The Financial Wellbeing Pulse? Take a look here
Fancy a chat with Tom Morris and the team at Ovation? Contact details here
What’s on Today’s Podcast?We have another chat with Greg Davies, head of Behavioural Innovation at Oxford Risk – exploring how our behaviours effect our financial relationships.
Catch up on previous conversations with Greg Davies in Episode 25 – Behavioural Economics and Episode 38 – Keeping it Fuzzy
Tight Ass TommoChris’s tip – saving up for a big ticket item? Us mental accounting to help – set up a new account and give it a specific name related to what you are saving for. You are more likely to reach that savings goal!
TATTOTW – As electric vehicles become more popular, Tom shares his tips for keeping costs down, including having a smart meter, going onto dual/evening tariffs and consideration around when you charge your car.
Interview with Greg DaviesWhat has Greg been up to in between interviews on The Financial Wellbeing Podcast?
Working in applied behavioural finances – building ideas into technology to help people make better financial decisions.
How do we know what ‘better’ is?
We should be chasing anxiety reducing returns
What do we mean by Financial Personality?
We are bad at assessing our reaction to stressful situations when we are not in stressful situations!
Attitudes to risk
Behavioural vulnerability
There is no right place to be, you are where you are
A few examples of behavioural vulnerabilities;
- Financial – I don’t have enough
- Knowledge Based – I don’t know what I am doing
- Health – cognitive issues
- Impulsive –
- Over confidence – doing the wrong thing in the moment
- Under confidence – leads to loss of returns over time
Can all be detrimental to making better money decisions
Misalignment of values
How do we identify our behavioural vulnerabilities?
How do I get the emotional comfort I need at the lowest cost way to my financial returns?
How to use the knowledge around your behavioural vulnerability?
Changing our environment to suit our behavioural vulnerability
Conclusions from the Guys
Greg Davies founded the first behavioural finance team at Barclays Bank in 2006 and is a specialist in behavioural finance and decision science. He now works at Oxford Risk building tools to improve financial decisions.
Want to know more – connect with Greg on LinkedIn
In this episode the guys take a playful dive into what moderate success could look like for you. Chris shares ten practical tips for balancing ambition and wellbeing. With a dash of humour, but lots of actionable insights, this episode will help you define your personal version of success and build a life of financial and personal wellbeing. Ready to redefine success? Tune in now!
Welcomes & IntroductionsDavid – he asks the questions listeners are undoubtably shouting!
Chris Budd – a vinyl record hoarder
Producer Tommo – financial planner at Ovation Finance
2024 UK Autumn Budget – a note on speculation v information
Want to work with calm financial planners? Have a chat with the Ovation Team
Whats on Todays Podcast?A light hearted look at financial tips to be moderately successful – a tongue in cheek exploration
Tight Ass TommoFeaturing David’s multi-vehicle insurance (add others to your policy and you may see changes in your premiums) and Producer Tommo’s regular reminder to look for free kids meals during school holidays.
Tip of the week – Go and watch tribute bands. All the songs you know, just as good, but a fraction of the price.
The Main EventWhat does Chris mean by ‘moderately’?
1 – Own your successDefine what it is and when you will achieve it
2 – Say ‘yes’ to everythingFor a period of time, give it attention to see if you like it.
3 – Take a nap4 – Don’t have a plan!Sometimes, going with the flow can be liberating. If all your time is planned, you will not be able to look at something interesting that pops up.
5 – Be a problem finder6 – Be lucky!Remember the role luck plays in success
7 – Don’t have BIG goals8 – Celebrate the boring9 – Don’t believe all you hear10 – Always follow your passion . . . or don’t!(cover image; Photo by Maxim Makarov on Unsplash)
Episode 114 – Preparing your Finances for Parenthood with Katie Dow
In this special episode, Producer Tommo makes his interviewer debut as he sits down with Katie Dow, a holistic wealth manager from Aspen Capital Management. Katie shares her insights on preparing finances for parenthood, exploring the most common financial stresses young families face and how to address them with proactive planning. Tune in for thoughtful guidance on easing financial worries before the little one arrives – and of course some top #tightasstommo money saving tips!
Welcomes & IntroductionsWant to know more about Chris Budd’s The Financial Wellbeing Pulse? Take a look here
Fancy a chat with Tom Morris and the team at Ovation? Contact details here
What’s on Today’s Podcast?Following a meeting with Chris at a financial conference in San Diego, Katie Dow chats about financial planning for young and busy families.
Katie is a holistic wealth manager at Aspen Capital Management in Boise, Idaho.
Interview with Katie DowKatie’s background and how she got into Holistic Wealth Management
Common stresses on finances when baby is on the way
A Checklist to explore and consider when baby is on the way
Link to Episode 65 – talking with Amy Florian on grief and loss during transitions
The Bowen’s Family Systems Theory
Differentiation of self
Explore your family’s money stories
Drill down into your financial behaviours
Money personalities
- Security
- Freedom
- Power
- Love
How the money personalities interact together – opposites/same
Talking about finances as a couple and with a financial planner
Katie’s #tightasstommotip – on a date night, save alcoholic drinks for when you get home to save money, cost of taxi and babysitter!
Conclusions from the GuysLink to Episode 113 – Malsow, Money and Happiness
Tight Ass TommoAdam Harrison – GWR Delay & repay, claim money back on delayed train journeys. Not travelling in the south west? Check to see if your service offers a similar scheme!
Katie Dow is an advisor at Aspen Capital Management. She helps alleviate financial stress for her clients and guides them by facilitating thoughtful planning and goal-setting for both the near and long term. While the future is important, she recognizes the voyage matters, too.
Connect with Katie on LinkedIn here
Episode 113 – Maslow, Money and HappinessWe’re diving into Maslow’s famous hierarchy of needs – you know, the pyramid that breaks down what humans need to be happy, starting from food and shelter all the way up to self-actualization. But here’s the twist: we’re throwing money into the mix! Does having more cash help us climb the pyramid, or can it sometimes hold us back? We’ll explore each level and look at real-world examples of how finances play a role in finding happiness. Get ready for an insightful, practical, and fun conversation on how money fits into the bigger picture of living well. Along with some cracking Tightasstommo money saving tips you do not want to miss. . .
Welcomes & IntroductionsHaven’t read Chris Budd’s Financial Wellbeing books? Take a look here
Want to have a chat with Tom Morris and the team at Ovation? Contact details here
Whats on Todays Podcast?The psychological model of Maslow’s Hierarchy of Needs and how it connects with our money and happiness for a link with financial wellbeing.
Tight Ass TommoFeaturing Chris’s scaffolders dodgy washing up tips and David’s new shopping habits.
Tip of the week – Producer Tommo has a money saving tip for kids lunches in the summer holiday, just in time for back to school!
The Main EventUnderstanding Maslow’s Hierarchy of Needs
Breaking down Maslow’s model and its relevance today.
The Role of Money in Fulfilling Basic Needs
How finances impact our survival and safety.
Money and Self-Esteem: Striking the Right Balance
Can wealth boost self-worth, or does it sometimes get in the way?
Achieving Self-Actualization: Does Money Help?
Finding fulfillment and purpose—what role does financial security play?
Maslow’s Hierarchy: Is It Still Relevant?
A look at exceptions and updates to the original theory.
How Financial Planners Can Guide Wellbeing
The role of advisors in helping clients balance wealth and life satisfaction.
Universal Income and Basic Needs
A case study on how income support can improve lives and productivity.
Why Focusing on the Essentials First Matters for Happiness
How to decided the right financial and emotional needs for long-term wellbeing.
(cover image created by Dall E)
Episode 112 – 100 Year Life with Dr Tom Mathar
Join us for another insightful episode of The Financial Wellbeing Podcast. We dive deep into the challenges of financial planning in a world where we’re living longer than ever. Dr Tom Mathar from Aegon’s behavioral research department chats with the guys – exploring strategies for balancing today’s financial needs with the demands of a longer future whilst achieving financial wellbeing throughout. As ever TightAssTommo shares some tongue in cheek money saving tips, this time involving Norway and pizza!
Welcomes & IntroductionsWant to read Chris Budd’s Financial Wellbeing books? Take a look here
Fancy a chat with Tom Morris and the team at Ovation? Contact details here
What’s on Today’s Podcast?Following on from our previous episode on life longevity in Blue Zones, a chat with Dr Tom Mathar of the behavioural research department at Aegon. Aegon are big supporters of the Institute for Financial Wellbeing.
Tight Ass TommoWhere to buy alcohol in Norway
What to do with pizza leftovers
Interview with Dr Tom MatharEpisode 36 – Understanding our Attitude to Risk with Neil Bage
We are living longer and facing a withdrawal from the state along with a rise in AI changing the working environment faster than ever.
Life planning and financial planning are harder than ever before
We are living longer, but not earning longer – the challenge of funding longer lives
The trade off between financial security now v financial security in the future
Connecting with our future selves – Episode 98 – Your Future Self with Hal Hershfield
Long term mental time horizon
The trade offs to consider
Episode 32 – Getting Out of Debt with Maria Nedeva
The differences between financial wellbeing v financial independence
Visit the Aegon website for further information
Conclusions from the GuysThe worry of care home fees (a topic we have covered at Ovation Finance, click here to read The Emotional Journey of Caring for Elderly Parents pt 1)
Performance and wellness maximiser
Internationally experienced customer and behaviour researcher. Currently leading initiatives of Aegon’s Centre for Behavioural Research where we identify tools, techniques, rules-of-thumb and other interventions that help people make better long-term decisions – considering money and mindset.
Connect with Dr Tom on LinkedIn here
Diving into the intriguing secrets of life longevity in global Blue Zones – regions identified by National Geographic journalist Dan Buettner where people have extended lifespans. We’ll discuss the lifestyles and habits that contribute to their extended lifespans and how these insights can enhance our relationship with money for financial wellbeing. Curious about global longevity hotspots or seeking financial wisdom, this episode will inspire positive change!
Welcomes & IntroductionsHaven’t read Chris Budd’s Financial Wellbeing books? Take a look here
Want to have a chat with Tom Morris and the team at Ovation? Contact details here
Whats on Todays Podcast?Exploring the places in the world where people live the longest – how they live and how it can inform our relationship with money
Tight Ass TommoFeaturing shaving your beard in the garden and leaving the hairdressers with more hair than you started with
Tip of the week – exploit a family member or friend with excellent DIY skills to just spend on materials cost and a steady supply of tea
Blue ZonesDan Buettner, a National Geographic journalist tasked with finding world mysteries found places around the globe where people lived considerably longer than average and asked why.
The 5 areas people live the longest
- Nuoro Province, Sardinia, Italy
- Icaria, Aegean Island, Greece
- Nicoya Peninsula, Costa Rica
- Loma Linda, California, USA
- Okinawa Prefecture, Japan
The triangle of good old age;
- Living a long time
- Without disability
- Dying quickly
Is it the geography? Yes, the hilly features and self propelled mobility mean they exercise through daily movement. The environment in which they live leads to a better outcome when it comes to keeping fit.
Factors common to the Blue Zones
- Moving naturally
- Diet, less meat more pulses & beans
- Alcohol, 1-2 glasses of wine a day with friends
- Faith with regular meetings
- Keeping close knit as families
- Sense of purpose
- Downshifting each day, slow down and reflect to reduce stress
- Finding the right tribe, being around others who follow the same lifestyle
The Institute for Financial Wellbeing is a like minded community for financial planners
The Blue Zone project – applying the principles found in these communities in other cities around the world. By changing the environment where people live to help them succeed through making better choices.
Finding purpose – consider the following to help find options for your purpose
- What do I enjoy?
- What am I good at?
- What are my values?
- Who can I help?
The importance of social interactions
It’s not about changing habits for a happier life. It’s about creating an environment in which we live so good choices can happen naturally.
5 Tips to create an environment for a better relationship with money* Find what gives you purpose and enjoyment * Analyse your spending, find what works for you * Automate savings * Mute adverts * Mute stock market news, your money should work for you, not stress you out!
Want to know more?* Dan Buettner Books * Live to 100 on Netflix
Episode 110 – The Financial Wellbeing Pulse with Chris Budd
Taking a slightly difference approach in this episode, we sit down with Chris Budd to delve into the exciting launch of The Financial Wellbeing Pulse, a groundbreaking tool designed to help individuals measure their relationship with money. Chris shares insights into how the tool was developed, its key features, and the impact it can have on improving financial wellbeing. Whether you’re looking to gain better control over your finances or simply curious about innovative financial tools, tune in to discover how The Financial Wellbeing Pulse can make a difference in your life.
The big secret about napping!
The Financial Wellbeing Pulse – a way to measure our relationship with money
Young Chris Budd, how his Dad’s bankruptcy shaped his relationship with money.
The choices Chris made when creating his own financial planning company Ovation Finance
Where did Financial Wellbeing come from and what is it?
The link with cancer charity Penny Brohn – the aim was to reduce stress with money and led to writing The Financial Wellbeing Book
What has happened since writing the book in 2015?
What is The Financial Wellbeing Pulse?
Link to Episode 89 – Interview with Liz Zeidler on The Financial Wellbeing Podcast
How were the Pulse questions created?
How to show impact of advice for clients?
What problem does The Financial Wellbeing Pulse solve?
Currently for the financial planning community, if you are interested, ask your financial planner to sign up
Next steps for financial planners – head over to website for further information or to sign-up
Ovation will be using the Pulse, if you want to work with them Come and have a chat with Ovation Finance
Episode 109 – Reclaiming Philanthropy with Emma Beeston
Join us for a candid discussion around philanthropy with Emma Beeston. We dissect the reclaiming of philanthropy as a social duty, no matter the size of the contribution. Whether your a seasoned giver or just starting the conversation, this episode offers practical advice and a fresh perspective on the power of giving for you wellbeing.
Welcomes & IntroductionsBear with us and the record delivery interruption!
Link to Episode 64 – The Financial Wellbeing Junkie
Link to join the IFW
Want to work with Producer Tommo and a like minded team? Come and have a chat with Ovation Finance
What’s on Today’s Podcast?An interview with Emma Beeston exploring philanthropy. It’s a topic many don’t like to talk about, but how can you give to maximise wellbeing?
Tight Ass TommoEpisode recorded during Masters Golf – so a timely golf tip from Producer Tommo.
Always loosing your golf balls? Try www.lakeballs.com for cheap replacements.
Interview with Emma BeestonWhat do we mean by Philanthropy?
The 5 T’s –
- Treasure
- Time
- Talent
- Testimonial
- Ties
How to structure giving to maximise wellbieng?
Different ways of giving?
What happens when giving does not align with values?
Giving in ways that can cause problems for the charities
Focus on one area or spread money around?
The charities perspective
The head or the heart approach
Advisors starting the conversations
Conclusion from the GuysPhilanthropy as a social duty and an important contribution to society
Link to 500 Reasons – making a small amount of money go further with a bigger group
Key takeaway; clients probably want to talk about philanthropy, but may not want to be the first to mention it.
Reclaiming philanthropy – it’s not about the big boys, it’s relative and something everyone can approach
Emma Beeston is a philanthropy advisor who facilitates conversations with philanthropists, families and foundations on creating and implementing giving plans.
Emma’s book (with co-author Beth Breeze) Advising Philanthropists: Principles and Practice is available here.
Want to work with Emma and bring her into the chat with clients? Take a look at her website for further information and contact details here.
Episode 108 – Mind the Perception GapThe team explore the impact of perception on our finances and wellbeing. From understanding how perceptions shape decisions and how to challenge flawed realties connected to money. As ever some great money saving tips from #tightasstommo and a through provoking exploration that might just reshape your financial perspective.
Welcomes & Introductions* Is David still a writer? * Want to work with Producer Tommo and a like minded team? Come and have a chat with Ovation Finance * The Financial Wellbeing Pulse link
What’s on Todays Podcast?The topic of perception and how it relates to our financial wellbeing
Tight Ass TommoChris’ Mum, Meany Maureen using Mental Accounting to squirrel away jam jars of money for various reasons and how you can do the same digitally.
Practical tip from Colin Lowe – use easysim.global for cheap mobile data when travelling
Do you have a #tightasstommo money saving tip you would like to share with our listeners? If so, let us know by going to Twitter @Finwellbeing or email – contact@financialwell-being.co.uk
Mind the Perception GapProducer Tammy came across the following and felt it needed a closer look:
Truth and perception become fused in the mind leaving no difference between the two
The 22 Immutable Laws of Marketing
What does perception mean?
What we think of as reality may not be correct, our perceptions can be flawed.
How might they be flawed?
- Relying on only one source of information
- Relying on previous experiences and making assumptions
- Focus of our attention – inattentional blindness
The perception gap is not always a bad thing
Link to Episode 104 – Crack the Happiness Code with Set Point Theory
How our perception gap with finances can be changed
How a financial planner can help challenge our assumptions
Link to Episode 107 – Making Decisions with Nick Elston
Behavioural Biases and our perceptions
Conclusions from the Guys
Episode 107 – Making Decisions with Nick Elston
In this episode we have the pleasure of welcoming back Nick Elston for the third time! The guys delve into the topic of anxiety surrounding big decisions, particularly those related to finances. Nick, drawing from his own lived experiences with anxiety, offers invaluable insights into navigating these challenges. The money saving tips have a slight twist with a dedication to Chris’ expert money saving mum. As ever a conversation you won’t want to miss!
IntroductionsChris Budd – author of the original Financial Wellbeing Books, you can view all three here
Producer Tommo – chartered financial planner at podcast sponsors Ovation Finance
What’s on Todays Podcast?The guys chat with regular guest Nick Elston! This time exploring the anxiety we often have when making important decisions.
Meany Maureen(This time we have dedicated Tight Ass Tommo to Chris’ Mum and her lifetime of money saving tips)
Featuring no spending, making the most of tap water and a tip to spend money in a positive way.
Tip of the week – Premier Inn early check in. Perfect for those early big city starts
Interview with Nick ElstonMaking decisions around money
The anxiety we may feel
- Compulsion
- Comparison
- Choice
Nick’s lived experience
Our legacy
Exploring fear in decision making
How do we get our of the spiral?
- Dr Emma Treby
- Acceptance
- Resilience
Nick handing his house keys back to bank
Walking in to decisions, is it your decision?
Getting help, the role of a third party
- Samaritans number – 116 123
- BACP Website
- IFW website
Conclusions from the GuysWhat drives our decisions and the part fear and social media plays
The role of third party help – Want to work with Producer Tommo and a like minded team? Come and have a chat with Ovation
A challenge to fellow financial planners – how often do you talk to clients about ensuring their spending is aligned with their values?
We have a great back catalogue, if you enjoyed this episode, you might appreciate Episode 55 Overcoming Anxiety with Nick Elston
Nick Elston is an award winning mental health speaker and speaking coach. Founder of Forging People helping others overcome anxiety to unleash their voices.
Come and connect with Nick Elston on LinkedIn for more information.
Episode 106 – Does More Money Equal More Happiness?
The guys dive into the age-old question: Does more money equal more happiness? Join them as they navigate contrasting findings of renowned academics Daniel Kahneman and Matthew Killingsworth. Get ready to challenge conventional wisdom and discover the key question we should all be asking in the pursuit of true financial wellbeing. As ever a thought provoking episode with a light-hearted #tightasstommo money saving tip.
Welcomes & Introductions* The Financial Wellbeing Book has been updated and re-issued * Want to work with Producer Tommo and a like minded team? Come and have a chat with Ovation
What’s on Todays Podcast?Exploring the age old question, does more money make you more happy?
Tight Ass TommoA recap of the #tightasstommo origin story
Featuring a grocery theme with the avoidance of brands, the world food aisle in supermarkets and shopping around.
Top tip – Check out Your Prime on Amazon, for exclusive offers
Does more money make you more happy?Research by Daniel Kahneman states – after a certain level, more money doesn’t make you more happy. However, research by Matthew Killingsworth says – people with more money did report being more happy.
Daniel Kahneman
- Professor at Princeton University, Nobel laureate and Co-authored “Thinking, Fast And Slow.”
- Conducted a 2010 study with Angus Deaton titled “Does Money Buy Happiness?” surveying 450,000 individuals. Aimed to offer a definitive answer on money’s relationship with happiness.
- Identified two wellbeing types: Experienced and evaluated.
- Low income associates with low wellbeing.
- Evaluated wellbeing rises with income, peaking at $75,000.
- Conclusion: High income correlates with life satisfaction, not happiness.
Matthew Killingsworth
- University of Pennsylvania researcher.
- Conducted a study based on data from over 1 million reports by 34,000 employed US adults.
- Criticized previous studies for not collecting real-time data on experienced wellbeing.
- Used smartphones to gather genuinely in-the-moment responses.
- Results aligned partially with previous studies:
- Evaluated wellbeing increases with income.
- Conclusion: experienced wellbeing also rises with income, without limit.
Two respected academics, two surveys suggesting the opposite thing. What happens next?
Adversarial Collaboration – they focused on the disagreement in their findings
Their conclusion
They both had wrong assumptions. Turns out some people are always unhappy and some are always happy
Link to Episode 104 – Crack the Happiness Code with Set Point Theory
Conclusions From the GuysAsking does more money make us more happy is the wrong question. We should be asking what makes us happy first, and then seeing how our approach to money may help us achieve this.
Do you have any financial wellbeing questions you would like us to answer? Or do you have a #tightasstommo money saving tip you would like to share with our listeners?
If so, let us know by going to Twitter @Finwellbeing or email – contact@financialwell-being.co.uk
Episode 105 – Stress on our Finances with Sonya LutterIn this episode, we sit down with Financial Psychology expert Dr Sonya Lutter. Delving into the root causes of our financial decision-making, from the impact of societal expectations on our spending to the role of inner conflict and psychological stress on our financial choices. With some great exercises you can explore with your partner and yet another brilliant #tightasstommo money saving tip, this is an episode not to miss.
IntroductionsThe Financial Wellbeing Podcast has been going for 8 Years
Want to work with Producer Tommo and a like minded team? Come and have a chat with Ovation
What’s on Today’s Podcast?Interview with Financial Psychologist and founder of The Financial Therapy Association in the USA, Sonya Lutter
Tight Ass Tommo* Avoid the sneaky January price hikes with streaming services * Ring providers to get lower costs (from Episode 95 with Paul Lewis)
Interview with Sonya LutterBridging the gap between therapy, counselling, coaching and financial planning.
What is at the root of our bad money making decisions?
We act how others think we should – often in conflict with our own values.
Inner conflict and psychological stress
In fight or flight mode blood is not pumping through our brain to aid thinking – when stressed we are protecting ourselves in the moment, not thinking long term.
The disconnect between what we do, due to how we perceive others think we should act, versus acting on our own personal values.
Why it’s hard to be content with what you have
Your friends friends have more impact on your happiness than a salary increase. So pay attention to how your friends make you react.
Happiness doesn’t just happen, it takes effort
How joint bank accounts lead to better relationships – talking about money together
Exercise for couples – tell your partner about your earliest money memory
Suggestions for financial advisors to help make an impact in their clients lives
Conclusions from the guysGet past superficial thoughts and get deeper understanding of your core values
Another exercise for couples
- talk about your values individually
- compare each others values to find common ground and outliers
- compare common ground with current spending
Dr Sonya Lutter is Director of Financial Health and Wellness Director of Financial Health and Wellness at Texas Tech University School of Financial Planning and founded the ELITE academy to help bridge the gap between financial planning and mental health.
Come and connect with Dr Sonya Lutter on LinkedIn for more information.
Episode 104 – Crack the Happiness Code with Set Point TheoryAll the guys are back in this episode and exploring the Set Point Theory of happiness and its links to financial wellbeing. With the usual #tightasstommo money saving tips with a festive twist and genial waffle we have a lovely episode for you . . .
Welcomes & Introductions* Want to work with Producer Tommo and a like minded team? Come and have a chat with Ovation * Interested in reading Chris Budd’s books? They can be purchased here on Amazon.
What’s on Todays Podcast?Exploring our relationship with money thorough Set Point Theory
We have spoken about this before in Episode 39 – Theories Of Happiness
Tight Ass TommoFeaturing charitable donations, secret Santa’s, making gift’s double up and selling your parents vinyl records!
David is no longer writing scripts for long running TV series Doctors – leading to exploring the bereavement of loosing a sense of identity, a topic we spoke of in detail with the brilliant interview from Amy Florian in Episode 65
Set Point TheoryWe reach adult life with a set level of happiness, and whilst we can move around this level we return back to the set level.
Agreement of definitions;
- Wellbeing = long-term
- Happy / Sad = short-term
We get used to the feelings of happy/sad and return back to our set point
To get back to our set point we often spend money – as we found out in Episode 64 The Financial Wellbeing Junkie
What can we do for that short-term hit and avoid emotional spending?
The link to financial planning and working on our relationship with money.
Short term spending can prevent long-term happiness.
Where does our set level of happiness come from?
- 50% is inherited
- 10% from our circumstances
- 40% from our intentional activity
This 40% is the part we can influence by understanding ourselves –
- what is a healthy relationship with our finances, so we can do more
- what is a bad relationship with our finances for us so we can work on improving
Tips on how to purposefully improving our intentional activity.
Conclusions From the Guys
Do you have any financial wellbeing questions you would like us to answer? Or do you have a #tightasstommo money saving tip you would like to share with our listeners?
If so, let us know by going to Twitter @Finwellbeing or email – contact@financialwell-being.co.uk
Episode 103 – Money Stories with Sarah NewcombeChris and Producer Tommo are joined by Editor Tammy whilst David is away for just this one episode. They bring an insightful interview with psychologist Sarah Newcombe discussing money stories and the essential questions you need to ask to change the narrative. Join us for a transformative journey along with the usual #tightasstommotips.
Welcomes & Introductions* No David in this episode * Want to work with Producer Tommo and a like minded team? Come and have a chat with Ovation
What’s on todays podcast?An interview with psychologist Sarah Newcombe around recognising our money stories and how we can change the narrative for wellbeing and happiness.
Boardgame FunFeels like the last day of term, time to break out some fun activities!
- Chris chooses Colditz
- Producer Tommo chooses Articulate
- Editor Tammy chooses Ticket to Ride
What boardgame would you play? Let us know on X/Twitter!
Tight Ass Tommo* Check out the World food isle in your local supermarket, items are often cheaper than own supermarket own brands. * Looking for cheap kids meals out – Money Saving Central
Interview with Sarah NewcombeThrive – financial empowerment centre. Empowerment based financial education
What does Sarah mean by money stories?
Chris and his Dad’s money story
Understanding your financial narrative, money beliefs and how they shape us.
How can we go about understanding?
Narrative psychology
Going along just fine, BIG UGLY thing happens . . . what next?
- Contamination narrative
- Redemption narrative
Sarah’s money story
How can people recognise their own money stories?
Considering if money is good? Bad? Then dig deeper into your reasoning.
Link to Episode 78 – Interview with Dr Moira Somers
Understand what money stories are, understand our money stories that are OK and our money stories that make us unhappy so we can change the narrative.
Questions to ask of your money story
Embrace the power of the word “Yet”
Conclusions from the guys
Sarah Newcombe, PhD, is an applied behavioural scientist, turning the findings of academic research into practical planning tools for advisors and the investors they serve.
Sarah is the founder of Thrive Financial Empowerment where she helps people build lives they love with recourses they have and wrote the book Loaded exploring money accumulation without compromising your values.
Episode 102 – Exploring Purpose with Jan Bowen-Nielsen
In this episode the guys chat with coaching expert Jan Bowen-Nielsen to explore the essence of financial wellbeing – finding your purpose in life. With four questions you can answer to start your financial wellbeing journey.
Welcomes & Introductions* Want to work with Producer Tommo and a like minded team? Come and have a chat with Ovation * Want to know more about the Institute for Financial Wellbeing? Come and take a look here * Interested in reading Chris Budd’s books? They can be purchased here on Amazon.
What’s on todays podcast?An interview with Jan Bowen-Nielsen – mentor to Chris and taught him everything he knows about coaching! They discuss the differences between a goal and an objective.
Tight Ass Tommo* From Rich Ellis – cheap food can be found at Discount Dragon
Interview with Jan Bowen-NielsenJan trained Tom in his coaching skills and continues to work with the Ovation team.
The idea of purpose is bigger than finite goals and objectives
It can be really difficult to work out what our purpose is, don’t be to hard on yourself – it takes time.
Follow along with the exercise – go with the first thought / direction
- What gives you meaning in life?
- What gives you purpose in life?
- What are your goals in life?
- What do you enjoy doing?
Come from four different angles to explore what you want to do in life.
Advisors can be put off exploring this with clients if they have not had training and/or practice – The IFW and Quiver Management provide the Coaching Skills for Financial Planners course to help, click here for more details
Conclusions from the guysNow Financial Wellbeing has become well known, what feedback do we get from fellow advisors?
Advisors start with all the technical to become regulated and able to practice, but the financial wellbeing conversations give purpose, you see the impact on lives
Jan Bowen-Nielson is managing director at Quiver Management. European Quality Awarded and accredited coaching and mentoring training courses for leaders and professionals, giving them the mindset, skills and confidence to coach and mentor their team members, colleagues and clients to higher performance.
The guys are back and this time they are here to talk about the topic of ‘permission’ – they will explore what it is, who can give it and how it links to our financial plans. TightAssTommo has a cracker of a money saving tip, so come and have a listen to the latest episode . . .
Welcomes & Introductions
the most important and influential people in financial wellbeing
Producer Tommo and his freshly painted office in new home
Chris Budd and his red nose from attending a festival
The original Financial Wellbeing Book is being re-issued in paperback.
The new Four Cornerstones of Financial Wellbeing book is available now
David Lloyd has been acting in a short film – The Bristol Crocodile
What’s on today’s Podcast?All around the concept of permissions
Tight Ass TommoDavid Lloyd and his broken shower
Tip of the week – find a bar in Spain where you can order drinks and you get free tapas for the kids!
PermissionWe spoke about this topic with Joy Lere back in episode 93
Decisions are often based on others, but we should focus on ourselves
What does permission mean?
What is being given?
Respect of partners gives them permission over you
Very often the person we seek permission from is unaware of their authority
From whom do we seek permission when we want to spend money?
Whilst your financial planner doesn’t guard money, they are there for a sense check
Permission and it’s link to self-limiting beliefs
What could be a poor financial outcome?
Financial planners can often give permission with their chartered status and cold hard facts working together to give authority
Sometimes we need to give ourselves permission
A financial plan with a clear path to objectives gives us the permission to live a life with meaning and purpose
Enemies to financial wellbeing
Coaching and the IFW Certificate
Want to work with Producer Tommo and a like minded team? Come and have a chat with Ovation
Conclusion from Producer Tommo* get a financial plan * stick to the plan!
The topic of ‘permission’ is very broad, and we want to hear from you
- email us; contact@financialwell-being.co.uk
- X (Twitter) @finwell-being
- Comment on this post below
It's a milestone episode 🥳 Join the guys as they commemorate a remarkable journey in financial wellbeing. They share some favourite moments, highlight memorable guests and share some unbeatable #tightasstommotips and top financial wellbeing tips from you, our incredible listeners . . . Welcomes & Introductions how it all startedlink to the Financial Wellbeing Bookfancy [...]
Episode 99 - Beyond the Finish Line with Leon Taylor Bear with us - we promise there is a link between diving and financial wellbeing! Join us as we chat with Olympic medallist Leon Taylor about the importance of embracing the journey rather that fixating on specific outcomes. A conversation that will improve your perspective [...]
Episode 98 – Your Future Self with Hal Hershfield
Another brilliant special guest interview – this time the guys chat with UCLA Professor, Hal Hershfield. Join them as they delve into exploring practical strategies to help connect with your future self and help drive better financial decisions. Don’t miss this insightful conversation with Hal Hershfield along with a very fashionable #tightasstommo money saving tip!
Welcomes & Introductions100th episode is coming up in July!
Want to work with Producer Tommo and a like minded team? Come and have a chat with Ovation
Link to pre-order Chris Budd’s new book – The Four Cornerstones of Financial Wellbeing
What’s on todays podcast?Chat with Hal Hershfield around the connection to our future self’s and the effect on our current financial decisions
No Shizzle SherlockSilly get rich quick tip –
Go to bed early and wake up early, the early hours are good
Jeff Bazos
Tight Ass TommoCome and find out more about the Financial Wellbeing Certificate at The Institute for Financial Wellbeing
Go to the back of the wardrobe and dig out those old clothes, wear them again and say you are into vintage clothing! – David Owen, Open Work Partnership
Tesco clubcard reductions and vouchers add up – consider being a little more selective in supermarket choices
Tip of the Week – Recycled tip for recycled cups at sporting event from episode 31. Always return your refundable cup, along with any others you can find along the way!
Interview with Hal Hershfield* connecting with our future selves * what got Hal into the area of future self? * how this led to writing his book * the impact on decisions after a terminal diagnosis * the focus on spending time on what matters * usefulness in explore / exploit relationships
Future self
- why do we find it so difficult to connect to our future self?
- saving for the future is a new concept, can’t we just adapt?
- we are impulse driven
- the neuroscience behind thinking about our future self
- we are generally kind to each other
- the bigger the time gap, the harder it is to picture the future
- long-term thinking is harder during uncertainty around the future
What can we do about this?
- implement techniques to bring our future selves emotionally closer
- acknowledge the difficulties in trade offs between present and future
- stay on the path, commit
Conclusions From the Guys
- connect with your future self and be a friend to help drive better decisions
- commitment devices to automate doing the right thing & create good habits
Hal Hershfield is a Professor of Marketing, Behavioural Decision Making, and Psychology at UCLA’s Anderson School of Management.
His research, which sits at the intersection of psychology and economics, examines the ways we can improve our long-term decisions.
- Follow Hal on Twitter @HalHershfield
- Follow Hal on LinkedIn
- purchase a copy of his book – Your Future Self: How to Make Tomorrow Better Today
Another brilliant episode with an interactive twist. The guys will be exploring 4 steps to consider when creating a financial wellbeing plan with some tasks and challenges you can use to see how your finances can work for your happiness. Will No Shizzle Sherlock uncover an obvious yet overlooked financial truth? Will Producer Tommo bring a slightly unsuitable tip in #tightasstommo? Grab a pen and paper and join in on the fun!
Welcomes & IntroductionsNo Shizzle Sherlock
I don’t look to jump over seven foot bars. I look around for one foot bars I can step across’
Warren Buffet
Link to episode 85 – The Good Ancestor with Stephanie Brobbey
tightasstommo* Taking time to think about what you are doing
- Back to form and in no way endorsed – a money saving tip for free wifi!
Today’s TopicCreating a financial wellbeing plan alongside your financial plan.
Interactive Exercises:
- Where are we headed?
An exercise to help define what success looks like for us. Consider:
- a person you know well and admire
- a person you don’t know well but admire
- someone famous you admire
- define what you admire about these people
- whittle list down to 5 attributes you admire
2. Reflecting on financial relationship
-
does your spending help you live a life which focusses on the attributes listed above?
-
Be specific about the future
-
Do the values identified point to anything specific in your future?
- Finding the right balance between what we spend today and what we save to bring that desired future to fruition
4. Permissions
- For a period of time, be conscious about attitudes towards money
- Take the time to review those thoughts, anything preventing that desired future?
Conclusions from the guys
Chris Budd’s new book – The Four Cornerstones of Financial Wellbeing is available for pre-order now
Episode 96 – Interview with Reverend Richard Coles
The guys sit down with Reverend Richard Coles, a musician, writer, broadcaster and Anglican priest. Exploring his relationship with money, Richard shares his insights and experiences in a candid and thought-provoking interview. Come and enjoy this excellent episode . . .
Welcomes & Introductions* The origins of Financial Wellbeing * Come and talk with the podcast’s sponsor Ovation Finance * Chris Budd’s new vinyl business!
What’s on todays podcast?The Reverend Richard Coles talks about his own relationship with money, what it was like to come into lots of money when young and what Christianity has to say about our relationship between money and happiness
No shizzle Sherlock
Don’t look for the needle in the haystack, just buy the haystack.
Jack Bogle of Vanguard
An explanation of index funds from Chartered Financial Planner Tom Morris to back this quote up.
TightAssTommo Pay for gym membership yearly – thank you Vivian Webster*. Pay annually for something you are going to use annually
- Talk to your providers, don’t just accept the auto renewal price – just asking can get you a discount
- Upgrade your train ticket to first class with seatfrog.com – thank you Rohan Sivajoti
Interview with Reverend Richard ColesRelationship with money when young
How downscaling at a young age shaped attitude to money
It’s better not to feel want
Enjoying the finer things in life
Money has always been in the pocket to buy stuff with – attitude is now changing due to age, experience and religion
Mirror of his fathers experience
Unifying principles around money in religions around the world?
Money has a limited effectiveness in what is can do for us
The nourishment of flying business class and how we need to be careful of this!
You never see an unhappy Buddhist monk
Tricked in paying into pension
Its not the owning of the money, its what you do with it that matters
What are the positive lessons we can take from Christianity
We don’t own stuff, we are custodians
Conclusions from the guys
Reverend Richard Coles is a former Church of England parish priest, broadcaster famous for BBC Radio 4’s Saturday Live and a best-selling author.
- Follow Richard on Twitter @RevRichardColes
- purchase a copy of his latest book – Murder Before Evensong
Episode 95 -Mastering Your Money with Paul Lewis
We talk with special guest, financial journalist and presenter of BBC Radio 4’s Money Box, Paul Lewis. In this episode, we delve into Paul’s new book “Money Box” and he provides some top personal finance tips. So sit back, relax, and enjoy this fascinating conversation with one of the most respected financial experts in the country.
Welcomes & IntroductionsFeaturing; garden birds / a shameless plug to Ovation Finance / an update on Chris Budd’s new book
What is todays podcast all about?Talking to BBC Money Box presenter Paul Lewis about practical money tips we can all use. With over 30 years of experience in the industry, Paul has become a leading voice in personal finance, providing valuable insights and advice to millions of people across the UK.
No Shizzle Sherlock
The biggest risk of all is not taking one
Melody Hobson
Whilst the guys may be sitting on the fence with this No Shizzle Sherlock, you can have a listen to a previous chat about risk with Neil Bage in episode 36 of the podcast
TightAssTommo* Party wine boxes
- Holiday cruising
- Buy and sell through Vinted / sell books through Zaffit
Interview with Paul LewisA chat about his new book Money Box, with practical tips you can use
What can we do when we are not feeling ‘in control of our daily finances?’
- look at your finances, even if you don’t want to
What are the biggest questions around finances right now?
- cost of living crisis
- delays in access to your money
- wading through treacle to get issues sorted
Connections between money and happiness
Does Paul Lewis use a financial planner?
- what can a financial planner help Paul Lewis with?
- what makes a good financial planner?
What did Paul Lewis learn when writing the book?
Dying Tidily
Conclusions from the guys
Paul Lewis is financial journalist best known for his 30 years presenting BBC Radio 4’s Money Box show. Paul’s new book, Money Box is out now – full of top practical tips to take control of your money for everyone.
- purchase a copy of the Money Box book
- listen to the Money Box radio show
- follow Paul on Twitter @Paullewismoney
Episode 94 – Why Wealth is Bad for your Health
Can wealth actually have a detrimental effect on our health? The guys explore what makes money so unhealthy, along with sharing some ideas to help create a better relationship with our finances. In addition to the No Shizzle Sherlock and #tightasstommo tips, we also have a little birthday flashback for Producer Tommo!
Welcomes & Introductions* Washing fox poop off Luna the westie * New year fitness challenge * Birthday flashbacks * Update on Chris’ latest book
No Shizzle Sherlock
“The only thing we know for certain about our plan for the future, is that it is going to be wrong”
Carl Richards
Link to episode 15 – Redefining Goals with Carl Richards
Link to episode 19 – Financial Entertainment with Carl Richards
TightAssTommoA tribute to Paul Etheridge, from Clive Waller – “agree to give a talk on an unfamiliar subject six months ahead and you will become an expert when you come to do the talk!”
Paying annually or monthly for items such as insurance? Try and pay the annual lump sum as it will be cheaper than paying monthly over the 12 month period.
Today’s Topic – Stress is bad for our health: money is stressful. Ergo, money is bad for our healthWhy is stress bad for our health?
- Integrative medicine
- The parallel between western medicine and most financial advisers
- Link to watch the Killer T Cell video
Why is money so stressful?
- The question ‘how much is enough’
- How cash flow planning helps
- Comparison theory
- The history of personal finance
- Our brains inability to picture our future selves
What can we do about money being bad for our health?
- Take the time to think about your relationship to money
- Get the help of a financial planner, one who at the very least does cashflow forecasting
- Plug alert – have they undertaken the Financial Wellbeing Certificate from the Institute of Financial Wellbeing
Conclusions from the guysGetting a better relationship with money therefore, should involve talking to an expert: understanding what makes you happy; if you have behaviours working against you; any self-limiting beliefs to create a financial plan to make you happier not just wealthier.
If you would like to purchase a copy of The Financial Wellbeing Book please click on this link to visit Penny Brohn UK shop
If you would like to get in touch with Ovation, click here to visit the website email enquiries@ovationfinance.co.uk or call on 0117 942 4333
Do you have any financial wellbeing questions you would like us to answer? Or do you have a #tightasstommo money saving tip you would like to share with our listeners?
If so, let us know by going to Twitter @Finwellbeing or email – contact@financialwell-being.co.uk
Episode 93 – Permission with Joy Lere
Welcomes & Introductions
Featuring:
- Ovation Finance – click here if you would like to talk to Ovation Finance about your financial plan
- Another golf recap
- The IFW – click here for more information about the Institute for Financial Wellbeing
- FWB books – click here to purchase your copy of The Financial Wellbeing Book and support the charity Penny Brohn
What is todays podcast all about?
The guys have a chat with clinical psychologist Joy Lere, about the the role of permission when it comes to our happiness
No Shizzle Sherlock
Time is your friend, impulse is your enemy
Jack Bogle
#TightAssTommo
Don’t purchase without a price tag – but you will end up with a comfy tush!
Tip of the week – navy wash, wash your clothes whilst you have a shower/bath
Interview with Joy Lere
Introduction, who is Joy and what does she do in her role as clinical psychologist?
Talking about money is still a taboo
Shaping Wealth – Providing training for financial advisers to leverage behavioural finance
Elaborating on Money is psychology
The knowing/doing gap – people run financials with more than just the numbers
What does adaptive mean when it comes to finances?
What it means for different people in different situations
What life are you giving permission to yourself to have?
How much time do you spend looking to others to give you permission
Not being aware you need permission
Mute the outside world and consider what we want, what do I really believe I deserve
Self-sabotage
Be aware that everyone else lives a story we know nothing about
What can someone do to create better financial decisions around permission
How do I know what I deserve?
Let struggle and pain live alongside joy.
Conclusions from the guys
Dr. Joy Lere is a licensed clinical psychologist and co-founder of Shaping Wealth. She has held research and clinical positions at Penn Medicine Princeton Health, Children’s National Medical Center, and the Department of Defense and has served as an Assistant Clinical Professor in Clinical Psychology at George Washington University. She earned her Psy.D. at George Washington University.
Links:
Substack:https://joylere.substack.com/
Twitter:@joylerepsyd
LinkedIn: Joy Lere, Psy.D. – https://www.linkedin.com/in/joy-lere-psy-d/
ShapingWealth: www.shapingwealth.com
Website:www.joylere.com
The guys are here to explore the concept of Framing Bias. Sharing tips around awareness so we won't be led, but use Framing Bias to drive actions that lead to wiser decisions for our financial wellbeing. Come and have a listen, with the usual No Shizzle Sherlock and some scraping of the barrel #TightAssTommo tips . . . .
Join the guys as they have a 'live' chat around ESG and investments. ESG is a nuanced topic - so we have the award winning expert Clémence Chatelin to help make sense of it all. Now, break out your crystal balls for No Shizzle Sherlock and enjoy a cheeky #tightasstommo money saving tip in the latest episode . . .
Episode 90 - Why Are We So Rubbish With Money? The guys explore why our brains are just not wired to deal with our finances. So . . . what can we do about this? Have no fear, they also have some helpful tips alongside numerous #tightasstommo money saving tips! How many do you already [...]
It's been long overdue, but the guys finally have a chat with Liz Zeidler from The Centre for Thriving Places and explore the links between wellbeing and our finances. No Shizzle Sherlock has some no nonsense words from Producer Tommo and there is an update from a previous #tightasstommo money saving tip. Come and enjoy a great episode . . .
This episode is all about convincing you that giving to others will make you happy - the wellbeing behind philanthropy! We want to hear your thoughts on the No Shizzle Sherlock topic and as ever, #TightAssTommo has some questionable money saving tips to help you beat the cost of living crisis.
A brilliant chat this episode with the lovely Stephanie Brobby from the Good Ancestor Movement. Taking a look at motivations behind philanthropy for wellbeing and wealth distribution for a healthier economy. Along with the guys tackling Warren Buffett in No Shizzle Sherlock and some tongue-in-cheek #tightasstommo money saving tips. Come and have a listen now . . .
Episode 86 - The Big Quit Is the grass greener on the other side? The guys explore what you should consider about job roles and your wellbeing before handing in your notice. With blindfolded monkeys in No Shizzle Sherlock and #tightasstommo tips to wow you - this episode is packed with podcasting gold! Welcomes & [...]
The guys have a great chat with special guest Martin Stepek exploring mindfulness. Whilst mindfulness is a bit of a buzzword right now, this episode takes a deeper dive into how it can help with our relationship towards money. Will you guess the No Shizzle Sherlock Test before David? Or do you already apply the #tightasstommo money saving tip? Come and have a listen . . .
After 84 episodes, we should all know a thing or two about wellbeing and our finances - now it all comes together as the guys share THE, not actually that secret, way we can align our financial plan with lasting happiness! With the usual No Shizzle Sherlock and #tightasstommo features, along with the three steps you can follow for happiness - don't delay, dive right into this episode now:
He's back, for a third time! Neil Bage has a brilliant discussion around what social comparison means and the effects it can have on our financial wellbeing, both positive and negative. With great tips on how to curate your social media experiences, the most dodgy money saving tip to date in #tightasstommo and the usual banter form the guys - this is an episode not to miss.
Episode 82 - What Determines Your Self-Worth? Where does self-worth come from and how can we link this to our financial plan? Whilst The Financial Wellbeing Podcast is not about psychology, the guys are exploring the relationship between self-worth and your money with personal examples and some great advice from the Dalai Lama. A poignant [...]
The guys are going global in this episode of The Financial Wellbeing Podcast as they chat with 'Beyond Your Hammock' founder Eric Roberge from Boston in America. They explore what a financial plan looks like and the process to create one, along with a great #tightasstommo tip if you are ever in Boston for a night out. Along with regular money saving tips and the no shizzle sherlock test, come and enjoy a brilliant episode.
In this episode the guys think about turning back time to consider sage financial tips they wish they understood when they were 18, you know, way way back in the day! With another No Shizzle Sherlock test and the perennial favourite #tightasstommo we have a great episode for you.
In this special episode for Financial Planning Week 2021, the guys have a chat about the questions you should ask when trying to find the financial adviser for you. Whilst slightly controversial in places, there are plenty of top tips for you to use in your hunt for the right adviser. Joining the classic #tightasstommo there is a new feature - tell us what you think of The No Shizzle Sherlock Test!
In this episode Olivia talks with Andrew Shaw the Debt Advice Policy Officer at Step Change, and they discuss dealing with debt. They discuss what the options are for someone struggling with debt, the next steps and when you should consider going into a debt management plan.
Episode 78 - Interview with Dr Moira Somers Join the guys as they chat with guest Dr Moira Somers, exploring the psychology behind what stops people from thinking in a proactive way and taking advice? With a special return of wellbeing words from around the world and a tip of gigantic proportions from #tightasstommo we [...]
We have mentioned them in almost every episode so far, but what is a credit union? Olivia chats with Deputy CEO at Transave, Ken Dunn, to explain.
They chat banks vs credit unions, the benefits & how you can start saving today!
Episode 77 - Self-Determination Theory The guys have a great chat about Self-Determination Theory in this episode – don’t worry, whilst the inspiration for this episode is academic, they take the general principles and how you can apply them to financial decisions. With great examples to illustrate the tricky bits and brilliant take-aways you can [...]
Episode 76 - Financial Coaching with Catherine Morgan What is financial coaching? How is it different to a financial advice? The guys chat with Catherine Morgan, a financial coach, to discuss the difference. Along with exploring how we can improve our relationship with our finances by addressing 6 anxieties. With a great Bage's Bias that [...]
In this episode we discuss budget planning! Olivia is joined by Jenny Wright Regional Partnerships Manager for Money & Pensions service; they discuss organising your finances & how to make budgeting cool again! For further information visit www.maps.org.uk.
Members of the public can get free guidance about their money and pensions via: https://www.moneyhelper.org.uk/
www.moneyadviceservice.org.uk
www.pensionsadvisoryservice.org.uk
www.pensionwise.gov.uk
If you are finding it difficult to access affordable credit, then one reason could be that your credit score is holding you back! In this episode, Olivia chats with Kelli Fielding the Managing Director, Consumer Interactive at TransUnion in the UK. They discuss the misunderstandings around credit scores and TransUnion have even produced a consumer guide about getting to grips with your credit score, read it here:
https://www.transunion.co.uk/resources/tu-uk/doc/consumer/resources/tu-uk-consumer-guide-2020.pdf
Welcome to the financial well-being masterclass! In the first episode, Olivia chats with Matt Bland the CEO of the Co-operative Credit union about the dangers of pay day lenders. They discuss what is a pay day loan, why they are so popular & what other options there are!
For free and confidential debt advice visit:
https://www.transaveuk.co.uk/help-centre/dealing-with-debt/
www.stepchange.org
www.adviceguide.org.uk
Episode 75 - The Financial Wellbeing Audit Join the guys as they explore the the five pillars of financial wellbeing so you can ask the important questions and review your finances via a financial wellbeing audit. Along with Bage's Behavioural Biases and some classic #tightasstommo tips. Have a listen to find out if you are [...]
Episode 74 - Interview with Ash Phillips Whilst it is easier than ever to become and entrepreneur, there are still barriers to creating a successful business. The guys chat with special guest Ash Phillips, founder of Dffrnt, and explore how to find the right investors for your vision. With the brilliant Bage's Biases and #TightAssTommo [...]
Episode 73 - Don't Be A Creep As we earn more income, we spend more money. Is that inevitable? Maybe not . . the guys take a practical look at how we can all avoid lifestyle creep. Along with Bage's Biases and #tightasstommo money saving tips, come and have a listen to find out how [...]
Why does talking about money cause such anxiety? Special guest Anne Abbeness takes a look at the psychology behind what is happening in our brains when we are dealing with our finances. With a great Bage's Behavioural Bias and some questionable #tightasstommo money saving tips, we have plenty of takeaways to help you make better financial decisions in this episode. . .
What gets you out of bed in the mornings? Join the guys as they discuss how we can structure our finances to create and keep the balance between pleasure and purpose for long term wellbeing and fulfilment. With another Bage's Behavioural Bias and #tightasstommo's money saving tips we have a pleasurable podcast for you . [...]
A special guest interview with Tony Watts OBE, director at EngAgeNet and author of The Midlife Review Book. Tony is an advocate for the elderly from producing many publications to directly informing the government on their issues. In this episode the guys chat about what retirement can mean, finding purpose in later life and how employers can work with employees for a smooth transition. As ever we have a brilliant Bages Behavioural Bias and a terrific #tightasstommo money saving tip for you in this practically perfect podcast!
Episode 69 - Finding Financial Planners with Kate Holmes How do you go about finding a financial advisor to help you with financial wellbeing? We have a great chat with Kate Holmes for you in this episode. Kate is a big advocate of financial planning and helps advisors in America to deliver financial planning rather [...]
What are personal values and how do they effect our behaviour? When do these values conflict with each other? What does any of this have to do with financial wellbeing?! Come and have a listen to the guys as they take a deep dive into, previous podcast guest, Tim Kasser's principle " the idea that a person who holds financial success as one of their primary values will be less happy than they might otherwise be." With Bage's Biases and the money saving staple #tightasstommo, the guys have an interesting episode for you . . .
What is your personal brand? If you are the "something" person, what is that "something?" How has this brand shaped your life and wellbeing? Chris, David and Producer Tommo have a chat with the happiness doctor Elia Gourgouris about the positives and negatives of personal brands and their connections to money. With Bage's Biases, Tight Ass Tommo's money saving tips and the thought of Chris practicing Yoga, the guys have a fascinating episode for you . . .
Episode 66 - The Biology of Happiness Can we increase our wellbeing through a biology lesson? In this episode Chris, David and Producer Tommo explore the science behind the chemicals in our brains responsible for happiness. With plenty of takeaways on sensible ways to increase our wellbeing, a Bage's Bias and a special little guest [...]
Episode 65 - Amy Florian on Grief, Loss & Transitions We all struggle with grief, loss and moments of transition in our lives. Grief can come from many areas, whether that be from the death of a loved one or a change in life that leads to something being left behind. Chris talks to a [...]
The guys are back and may have found the secret meaning of life in this episode! They take a look at two key theories of wellbeing - Set Point Happiness and the Hedonic Treadmill - what really makes us happy and can we increase our wellbeing? There is the classic #TightAssTommo and the NEW Bages' Biases, for a great episode well worth your time.
Episode 63 - Interview with Will Carmichael from Rooster Money The guys are still here for the latest episode of the Financial Wellbeing Podcast. Join Chris, David and Producer Tommo as they chat with Will Carmichael, founder of Rooster Money. Now, Rooster Money may be an app to help teach kids great money habits with [...]
Episode 62 – Time to Reflect In this episode Chris, David and Producer Tommo share some ideas to think about during lockdown, given what we know about money and happiness. The guys share how they have been spending their time and not their money. They take a look at what we can do right now [...]
Episode 61 - Coping With Anxiety During Lockdown with Nick Elston We have a very special interim podcast for you. Special guest Nick Elston is back for a chat with Chris Budd to talk about anxiety and our well-being during the pandemic lockdown. The two talk about what you can do when stuck at home [...]
Episode 60 - Interview with The Financial Healer, Mark Bristow How damaging can our relationship with money be? Chris, David and Producer Tommo have a chat with Mark Bristow, The Financial Healer, about how we can uncover and challenge our self-limiting beliefs. From great #tightasstommotips to David's excessive use of Bristol Rovers player names this [...]
Join Chris, David and Producer Tommo as they explore how all the areas of wellbeing support each other. In this episode the spotlight is on social prescribing, digging a little deeper past the initial problem and looking at more preventative solutions. With updates from the IFW, Ovation Client Questions on life assurance and plenty of sheds in the Tight Ass Tommo tip of the week have a listen to another great Financial Wellbeing Podcast.
Episode 58 - Interview with Anthony 'Tas' Tasgal David and his co-conspirators Chris and Producer Tommo have a chat with author and strategist Anthony 'Tas' Tasgal about our behaviours and how we make decisions. Tas looks at changes that can be made for better money decisions with some fun exercises. Be sure to play along! [...]
Episode 57 - A Christmas Special It's that time of year again - The guys have a festive episode of the podcast for you, featuring real dice and sketchy crackers! Join Chris, David and Producer Tommo as they pull a few crackers and play a few games with a financial twist. Ho Ho Ho - [...]
Episode 56 - Community Wellbeing Chris, David and Producer Tommo delve deeper into one of the 5 main pillars of wellbeing - community wellbeing. They explore ideas to think about and act upon to engage in your community. A brilliant podcast dedicated to a brilliant man who exemplified community spirit - cheers digger Welcomes and [...]
After a book, 50+ episodes of the podcast and a brilliant conference the Financial Wellbeing message is spreading. In this episode we are happy to announce the creation of the Initiative for Financial Wellbeing. Financial advisers, planners, paraplanners, practice managers, anyone in the financial planning industry and beyond, take note - this will be a [...]
In this episode Chris, David and Producer Tommo share a chat with inspirational Nick Elston. Following on from his spellbinding talk at the Financial Wellbeing Conference, Nick talks about his personal experiences with anxiety and how this led to becoming a professional speaker. With top tips on what you can do to overcome money anxiety, planting trees with #tightasstommo and a very topical Ovation Client Question, this is an episode not to miss.
Episode 54 - Mental Wellbeing & Money The guys take a canter around the subject of mental health in this episode of the Financial Wellbeing Podcast. Although Chris, David and Producer Tommo are not experts in mental health, they are in money. They stick to how financial issues effect mental wellbeing along with signposting for more [...]
Episode 53 - The Financial Wellbeing Conference 2019 We have a bumper hour long episode for you from the Financial Wellbeing Conference. Chris, David and Producer Tommo, along with special guests, delivered a great message to fellow financial planners under the iconic wings of Concorde. The event was a fantastic way to share with others [...]
Join Chris, David and Producer Tommo as they have a chat with Jason Butler about the importance of financial education. Jason explains why he went from being a financial planner to an educator and how you can get your own Financial Fitness Score to see how you're doing. This is an episode filled to the brim with money saving tips not only from the legend that is #tightasstommo, but Jason as well.
The terrific triumvirate are back, join Chris, David and Producer Tommo for the third and final podcast in the series on retirement. In this episode the guys take a look at applying wellbeing to retirement and how to maximise happiness when you no longer need to work for money. There are yet more practical ideas from a chartered financial planner, Ovation client questions and of course #tightasstommo money saving tips.
Look at us, 50 episodes strong! Come and party with the guys, Chris, David and Producer Tommo as they celebrate in this very special episode of The Financial Wellbeing Podcast. We have a interview with Amanda Prowse, author of 21 best selling books. Amanda shares her inspirational story of how she became a writer along with how her changing financial situation has impacted life over the years.
Episode 49 - Pt 2 Planning a Happy Retirement The second of our 3 part series looking at retirement. Chris, David and Producer Tommo explore the practical and technical issues for those on the verge of retirement. The guys look at a financial plan to explore the process and look at the principles of happiness [...]
In this episode we have a special guest interview with Warren Shute. Chris talks to Warren about his new book The Money Plan, a brilliant resource for those who want to take control of their finances. Chris, David and Producer Tommo take a look at listeners questions and some radical #tightasstommo tips in an episode [...]
In the first of a 3 part retirement series Chris, David and Producer Tommo look at building the foundations for a happy retirement. This involves some practical ideas around how to plan financially for this, but more importantly explores the idea of 'know thyself' and how this can help provide a sense of purpose. With a canoe update and a top Tight Ass Tommo tip for foodies, we have an excellent episode for you.
Join Chris, David and Producer Tommo for part 2 of our interview with Professor Tim Kasser. This time the focus is on practical ideas for financial wellbeing through consuming less. They also have the added bonus of helping to save the environment! With listeners questions and a serious tip not to be missed in #tightasstommo we have a very interesting episode for you.
The guys have a fun filled festive podcast for you this Christmas! Listen to some cracking money saving tips from Producer Tommo, play along and beat David at 'Sound Charades' then enjoy Chris' interview with singer/songwriter Tim Elsenburg from the Mercury Prize nominated band Sweet Billy Pilgrim. So grab a glass of eggnog, put your feet up and have a giggle.
We have a special guest interview in this episode - the legend of financial planning and all round good egg, Pete Matthew. In the interview Pete talks to Chris about his new book The Meaningful Money Handbook. They explore being intentional in your approach to money, top budgeting tips and how to spend your money meaningfully. With great #tightasstommo money saving tips we have an action packed episode for you to enjoy.
Episode 43 - Financial Wellbeing for Talk Money Week We're here this Talk Money Week to get more people talking about money and help improve money management. Chris, David & Producer Tommo take a close look at the five areas that create Financial Wellbeing. With great tips and links to previous episodes, this podcast focuses [...]
In this episode Chris chats to Professor Tim Kasser about his book Hyper Capitalism. They explore the difference between buying and consuming, the negative effects that materialism has on our long term wellbeing and marketing in our consumer society. If spending money on materialistic values doesn't make us happy, what we can do to increase our wellbeing?
What doesn't necessarily motivate us to work harder? Money! Chris, David and Producer Tommo look at the theory behind what will motivate us and how it might change how we look at money. They take a practical look at the areas of financial well-being that link back to motivation and fulfilment in life. We also have listeners questions and the ever popular #tightasstommo tip.
Longtime listeners will be aware that proceeds from the Financial Wellbeing book go to the charity Penny Brohn. In this podcast episode Chris, David and Producer Tommo find out what fantastic work Penny Brohn does to help people live well with cancer. We hear from Dr Catherine Zollman on how our bodies are hardwired to heal, the different ways people deal with money after a cancer diagnosis and how the work they do at Penny Brohn inspired Chris to write the book.
What is happiness? Chris, David and Producer Tommo take a look at the Know Thyself principle from the Financail Wellbeing book, exploring four different theories of happiness. Have no fear, the podcast is not going highbrow! Just looking at what makes us happy, how money fits into this and how we can change our behaviour for the better. With listeners questions and some great #tightasstommo money saving tips, this episode is sure to make you smile.
"Doing what you like is freedom. Liking what you do is happiness" Frank Tyger
Episode 38 - Keeping it Fuzzy with Greg Davies Join Chris, David and Producer Tommo for part 2 of the behavioural finance interview with Greg Davies. We are almost hardwired to make bad money decisions and perhaps being comfortably fuzzy with our financial plans can help. In this episode Greg looks at what we can [...]
Join Chris, David and Producer Tommo as they explore Employee Ownership - a great option when a business owner wants to step away and the employees want to step up. They discuss what drives people at work and how employee ownership relates to financial well-being. This podcast shares some great insights into the sale of Ovation Finance to an Employee Ownership Trust. The legend that is Tight Ass Tommo also shares great money saving tips and we answer listeners questions.
The third episode in our three part series on investments. Chris, Dave and Producer Tommo answer listeners questions, offer great money saving #tightasstommo tips and we have another interview with Neil Bage. The interview looks at risk profiling and understanding our approach to investment risk in order to make better investment decisions.
This is the second podcast of our three part series on investments. With financial well-being in mind, Chris, David and Producer Tommo provide some practical ideas and thoughts around investment planning. As ever we have a giggle with a #tightasstommo anecdote and Chris has a big announcement to make.
Chris, Dave and Producer Tommo take a look at investments in this first of a three part series. Chris interviews psychologist and behavioural finance expert Dr Daniel Crosby. They chat about how we can modify our natural behaviours to increase our chances of investment success and more importantly enjoy our investment journey. There are some great takeaways about positive behaviours we can apply to increase our financial wellbeing. We have some great money saving tips from #tightasstommo the man who never knowingly overspends and plenty of laughs throughout this longer than usual bumper packed episode.
This week Chris, David & Producer Tommo discuss The Pleasure from Delaying Consumption and how planning and waiting for experiences and purchases can increase our well-being.
As always we have our #tightasstommo tip, which by his own admission is arguable the most middle class one we've had thus far.
This episode of The Financial Wellbeing Podcast looks at the tricky subject of debt. Chris has a chat with University of Manchester Professor Maria Nedeva, who overcame her own debts in an unusual and uncompromising fashion. Maria now shares her own experiences to help others learn how to pay loans back quickly.
As always Chris will be joined by David and Producer Tommo who will be sharing his latest Tight Ass Tommo Tip.
In this episode we finally take a look at one of the five basic principles of Financial Wellbeing - dealing with financial shocks. Join Chris, David and producer Tommo as they discuss how the ability to deal with financial shock creates wellbeing and the various financial shocks we may face in life. With practical ideas and some great tips from #tightasstommo this is a podcast not to miss.
In this episode Chris has a chat with the founder of the Young Money Blog, Iona Bain. They discuss financial education, challenges younger people face and the importance of establishing saving habits. They also take a look at the pressures on young people from social media and society based expectations, such as keeping up with others and the work/life balance.
Put your feet up and nibble some left over Christmas chocolate whilst relaxing with the Financial Wellbeing Podcast. Join Chris, David and Producer Tommo in this festive Christmas special. We have lighthearted games, music, Christmas crackers and a special interview with Icelandic singer/songwriter Hafdis Huld.
This podcast is all about the "fascinating" subject of transfers from Defined Benefit (aka Final Salary) Pension Schemes. Perhaps not usually the most riveting of subjects, however, in all seriousness it's a hot topic at the moment with plenty of pitfalls and a big issue for those with this type of pension. Even if you don't have one of these pensions we recommend you listen to hear about what good practice should look like when it comes to financial advice. Join Chris, David and Producer Tommo as they go through the pros, cons and things to look out for with transfers from DB Schemes.
Join Chris, David and Producer Tommo in this much anticipated podcast! They talk to Guardian journalist and author of Chris' favorite non fiction book The Antidote, Oliver Burkeman. Oliver talks about the alternatives to motivational seminars and the power of negative thinking.
In this podcast we take a look at the often misunderstood area in personal finance - attitude to risk. Join Chris, David and Producer Tommo as they discuss the problems with traditional risk assessment tools and an over reliance on the results they produce. They also offer some practical tips to takeaway - from the best practice to expect from a financial adviser to understanding your own attitude to your money and risk. As ever we have some #tightasstommo tips, any tips you have for a future episode let us know on twitter through @finwellbeing.
In this episode Chris, David and Producer Tommo are joined by behavioural economist Greg Davies who talks about how our emotions effect our decision making process and how we can become more comfortable when making financial choices.
We have Tight Ass Tommo's #tipoftheweek along with money saving tips from our podcast listeners.
Join Chris, David and Producer Tommo as they discuss the common types of financial fraud and how you can spot them to avoid being scammed.
Join Chris, David & Tommo as they talk with personal finance journalist Simon Read from Moneywise.co.uk and Right On The Money about engaging with your money - from saving odd pennies for a bigger treat to swapping energy suppliers to save pounds and lots in between.We also have some great tips from #tightasstommo for you to enjoy!
In this episode join Chris and David as they round up previous podcasts and explain what a financial plan is. They then look at the main steps that should be taken to get the most out of your financial planning. We also enjoy some more tips from #tightasstommo.
Episode 21: Financial Capability with Neil Bage As always Chris is also joined by David, where they talk what they have been up to since the last episode, and discuss a new feature with Tip Of The Week from Tommo. Neil Bage talks about financial capability, looking at our behaviour and how it relates to [...]
Inflation can have a big impact on your financial plans, but what is it and how has it changed over the years?
In this episode, join Chris and David as they discuss the differences between investing and speculating, as well as how we can be guilty of “confirmation bias” and how this impacts our decisions.
The Financial Wellbeing Podcast and Book is aimed at helping people to create their own financial plan, but where else can you get help with your finances?
Our relationship with and our emotions towards money have a big impact. Whether that be our stress levels, how we live our lives and the options that are available to us. This is an area we delved in to in Episode 10 “Financial Options in Life” and is discussed further in this episode with our guest Simonne Gnessen.
Every long journey starts with a small step but in what direction? This can be a daunting thought. How about breaking this down and making the direction you want to head in easier to work out and understand.
In this episode, join Chris, David and Tommo as they discuss objectives. A crucial stage of Financial Wellbeing is "A Clear Path To Identifiable Objectives.", in Episode 4 we zoomed in on "A Clear Path", and in this episode we zoom in on "Identifiable Objectives.".
We're here to challenge some standard ideas about money. In this episode, Chris and David are joined by Producer and Chartered Financial Planner Tom Morris. Adding to the (already palpable) excitement, this episode was recorded on the due date of Tom's first child. At 06:45, he receives a call from his wife...
In our last episode, we looked at some of the principles behind Philanthropy. Today, we delve further into the world of giving by examining how Charities apply these principles practically. We are joined by two respective experts: Edward Thomas of Oxfam and Julian Withers of Jessie May.
In Episode 4 & 5 we talked about how to work out our “Disposable Income” and ways in which we could spend it to enhance our wellbeing. One of the ways we can spend our money to make us happier is by giving it to causes that our close to our heart or people who are in more need of it than ourselves.
Community Wellbeing is one of the Five Elements of Wellbeing which, according to research conducted by Gallup, makes up our overall Wellbeing. We sat down with former Mayor of Bristol George Ferguson to have a chat about Community Wellbeing and how it relates to happiness. As always, we share the Industry Insights tweeted to us @FinWellbeing, giving you tips and advice from Financial Services Professionals. Chris' talk with George, who in 2012 became Bristol's first democratically elected Mayor, starts at 8:15 into the Podcast. The meeting was held in George's flat above the Tobacco Factory, a creative hub which he hopes will inspire more of its kind across the city, making Bristol a more polycentric place.
"Nothing outside of your own mind can be truly said to be positive or negative."
Financial Options is one of the five strands of Financial Wellbeing. One way to increase Financial Options in life is to simply have more money, but in this Podcast Chris and David explain what to do when having more money isn't an option for you.
Ever wondered why mods ride Vespas and Lambrettas? Wonder no more...
In this episode, we're joined again by Ian 'Mod' Moore for the second half of his enlightening interview about money, happiness and mod culture. Ian discusses mod attitude toward fashion, finance and tolerance. You'll learn Einstein's no. 1 money-tip, the secret to super-effective piggybanks and much, much more.
Ian 'Mod' Moore is a comedian, author and mod (believe it or not) currently living in France. In this first episode of two, he and Chris discuss how his decision to move to France has affected his relationship with money, and developed his own Wellbeing.
If money really does buy happiness, Michelle McGagh ought to be utterly miserable. In this episode, Chris and David are joined by the freelance financial journalist who has decided to only spend money on food for all of 2016
In this episode, Chris and David are joined by The Mail on Sunday Personal Finance Editor Jeff Prestridge. Jeff is something of a legend in the field of personal finance, and he shares...
In this episode, David and Chris talk about the various ways you can choose to spend your disposable income. From philanthropy to mortgages, you are invited to consider how to utilise your money to gain Wellbeing.
One of the five elements of Financial Wellbeing is having a clear path to identifiable objectives. In this episode, Chris and David discuss the concept of a clear path and look at practical ways to achieve more focus and clarity.
In this episode, gain a clearer understanding of Financial Wellbeing as Chris and David introduce you to The Five Steps.
Episode 2: The Wellbeing From Stuff In this episode, Chris and David talk about the Wellbeing that can be derived from possessions versus experiences. They talk about the relationship between money and Wellbeing, and how to use one to achieve the other. 1:26 – What’s Your Relationship To Money, Twitter @FinWellbeing. @JDLConsultants, @CashQuestions, @DoYouPunctuate, @SJTanton, @100_joanne, [...]
In this episode, you'll learn what Financial Wellbeing is and how it relates to Wellbeing generally. You will meet Chris Budd, author of The Financial Wellbeing Book as he talks with actor and writer David Lloyd. You'll hear a bit of background behind the book, and why Chris has decided to donate all the proceeds to the Penny Brohn UK Cancer Centre.