The Financial Wellbeing Podcast

Episode 104 – Crack the Happiness Code with Set Point Theory All 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 OvationInterested 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 Tommo Featuring 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 Theory We 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-termHappy / 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 inherited10% from our circumstances40% 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 morewhat 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 Newcombe Chris 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 episodeWant 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 Fun Feels like the last day of term, time to break out some fun activities! Chris chooses ColditzProducer Tommo chooses ArticulateEditor 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 Newcombe Thrive – 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 narrativeRedemption 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 OvationWant to know more about the Institute for Financial Wellbeing? Come and take a look hereInterested 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-Nielsen Jan 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 guys Now 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 Tommo David 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! Permission We 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 planstick to the plan! The topic of ‘permission’ is very broad, and we want to hear from you email us; contact@financialwell-being.co.ukX (Twitter) @finwell-beingComment 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 seeing the guys in action? Link to YouTube for videosWant to work with Producer Tommo and a like minded team? Come and have a chat with Ovation Todays Topic No Shizzle Sherlock Happiness is a side effect of doing things that are meaningful to you Will Stanley #TightAssTommo Tommo’s financial wellbeing journey – finding the value in spending The original Tightasstommo story as told by David Lloyd Shout out to some of the best tips over the episodes, thank you: Chris Deams, Simon Reed, Chris Ankers and Alexander Riley Link to Married Person Allowance details Impulse purchases – Dave’s painting and who remembers Chris’ canoe! #tightasstommotipoftheweek – play the long game Wellbeing Words Ikigai (ee-kee-guy) – episode 25 Tartle – episode 28 kalsarikännit (cal-sar-y-cuhn-eet) – episode 24 How a link with cancer charity Penny Brohn led to Chris Budd writing The Financial Wellbeing Book. Great guests on the Podcast; Miles Hilton-BarberNick ElstonMaria NedevaLeon TaylorNeil Bage What topics would you like us to return to or cover? Do you agree with David and universal income? Or Do you agree with Tommo, navigating finances with young kids? What guests would you like to hear from? Come and talk with us at – contact@financialwell-being.co.uk Financial Wellbeing Tips from others We spoke to the Ovation Finance Team and attendees at the 2023 IFW Conference for their top Financial Wellbeing tips Hello from Producer Tammy and her Financial Wellbeing Tip Conclusions from the guys

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 for wellbeing and possibly save you money in #tightasstommo Welcomes & Introductions Want to work with Producer Tommo and a like minded team? Come and have a chat with OvationChris updates us with his new vinyl venture! What’s on todays podcast? Chat with Olympic athlete and coach Leon Taylor about his experience around setting and achieving goals. No Shizzle Sherlock “Expect people to do well, then reinforce the positive rather than criticize the negative”Leon Taylor How Ovation use this in client meetings Tight Ass Tommo Mrs Mummypenny – Give yourself incentives to saveChristiaan Coolen, financial planner at Ovation – Park on my Drive.com Interview with Leon Taylor Whilst listening, imagine Leon is talking about our relationship with moneyWhat is the Olympic village like?Life goals & how it evolved over timeChanging behaviours for a committed decisionObsession to put up with the hard for for progressionWhat happened after winning the silver Olympic medal?Building good foundations for better habitsFocus on the enjoymentGoals are finite, work on where you areSet a goal, let go of it and concentrate on the processWhere can you start with small wins to go in a better direction?Mentoring Conclusions from the guys If you have self limiting beliefs around money, start with small changes to build up to a big difference A good financial planner can use coaching to help clients understand and enjoy the process of improving your relationship with money. Leon Taylor is a former British diver and won a silver medal at the Athens Olympics. He has been a mentor for many athletes and now speaks about mental wellness along with commentating on the diving for the BBC. Click here for more information on Leon’s book Mentor

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 & Introductions 100th 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 Sherlock Silly get rich quick tip – Go to bed early and wake up early, the early hours are good Jeff Bazos Tight Ass Tommo Come 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 selveswhat got Hal into the area of future self?how this led to writing his bookthe impact on decisions after a terminal diagnosisthe focus on spending time on what mattersusefulness 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 driventhe neuroscience behind thinking about our future selfwe are generally kind to each otherthe bigger the time gap, the harder it is to picture the futurelong-term thinking is harder during uncertainty around the future What can we do about this? implement techniques to bring our future selves emotionally closeracknowledge the difficulties in trade offs between present and futurestay on the path, commit Conclusions From the Guys connect with your future self and be a friend to help drive better decisionscommitment 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 @HalHershfieldFollow Hal on LinkedInpurchase 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 & Introductions No 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 doingBack to form and in no way endorsed – a money saving tip for free wifi! Today’s Topic Creating 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 admirea person you don’t know well but admiresomeone famous you admiredefine what you admire about these peoplewhittle 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? 3. 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 moneyTake 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 WellbeingCome and talk with the podcast’s sponsor Ovation FinanceChris 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 annuallyTalk to your providers, don’t just accept the auto renewal price – just asking can get you a discountUpgrade your train ticket to first class with seatfrog.com – thank you Rohan Sivajoti Interview with Reverend Richard Coles Relationship 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 @RevRichardColespurchase 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 & Introductions Featuring; 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 oneMelody 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 boxesHoliday cruisingBuy and sell through Vinted / sell books through Zaffit Interview with Paul Lewis A 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 crisisdelays in access to your moneywading 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 booklisten to the Money Box radio showfollow Paul on Twitter @Paullewismoney