235. Brian Miller — Addressing the Hidden Cost of Financial Stress With MoneyRight

In this episode, Pete Codella, managing director of business services at the Governor's Office of Economic Opportunity, talks with Brian Miller, founder and CEO of MoneyRight.

Miller's journey into personal finance began at age 11. Initially, a traditional financial advisor, he grew disillusioned with a system that benefits the wealthy. Miller focused on helping students and others develop basic financial skills, recognizing the link between money management and emotional and psychological health. He then created MoneyRight, a platform for employees to provide financial education and psychological insights for the company's benefit. Miller identified a significant need for this service, as financial stress impacts productivity, turnover, and absenteeism.

He explains that MoneyRight aims to become an employee's financial operating system. The program begins with a confidential financial stress assessment to identify a company's most significant issues. It then provides employees with a free portal, paid for by the employer, featuring monthly topics, videos, and tools tailored to their needs. The software teaches key financial concepts, like debt repayment strategies, and the importance of investing, while emphasizing a compassionate, non-judgmental approach.