The Financial Wellbeing Podcast

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 on how to use your money to make you happier not just wealthier. As ever we have Listeners Questions and some great money saving tips from #tightasstommo for this bumper filled episode not to be missed.   Welcomes & Introductions Click here to purchase a copy of the Financial Wellbeing Book Economics of Happiness Conference What is this podcast all about – An overview of Financial Wellbeing for Talk Money Week – www.fincap.org.uk   Listeners questions – Is now a good time to invest in the stock market? Episode 25 with Greg Davies Episode 36 with Neil bage   Tight Ass Tommo Printer ink and recycling groomsmen Do you have any wedding themed Tight Ass Tommo Tips? Let us know through Twitter @Finwellbeing or email – contact@financialwell-being.co.uk and they could feature in special future episode   Talk Money Week – A focus on how to use your money to make you happier not just wealthier Episode 32 with Maria Nedeva episode link Know Thyself, whats give you wellbeing   The five parts to creating Financial Wellbeing  A clear path to identifiable objectives Control of daily finances Know that we can cope with financial shocks Financial options Clarity & security for those we leave behind   Working out what makes you happy Episode 15 with Carl Richards Social interaction Harvard Study of happiness TED talk Put time aside to connect with friends and family Be present Listen Be listened to Recognise unhealthy relationships Episode 22 – What Does A Financial Plan Look Like?   Taking control of daily finances – Where your money actually goes The Money Hub app   Coping with Shocks – Investments risks ‘don’t play any shot that will make your heart beat increase’ – Paul Casey Episode 25 with Greg Davies Episode 36 with Neil bage Episode 34 with Dr Daniel Crosby   Getting things in order – Perspective in life Episode 40 with Dr Catherine Zollman   Having financial options Money can make you happier to a point Working out how much is enough Changing what makes us happy Episode 42 with Tim Kasser The Origins of Happiness book   Conclusions For more information on Talk Money Week at www.fincap.org.uk   Do you have any financial wellbeing questions you would like us to answer?  Do you have a #tightasstommo money saving tip you would like to share with our listeners? Let us know and they could feature on a future episode. Contact us via Twitter @Finwellbeing or email – contact@financialwell-being.co.uk   If you would like to purchase a copy of The Financial Wellbeing Book please click on this link to visit Penny Brohn UK shop

Episode 42 – Hyper Capitalism with Professor Tim Kasser 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? Join Chris, David and Producer Tommo as they answer listeners questions and the ever popular #tightasstommo money saving tips.   Welcomes & Introductions What is this podcast all about? – The relationship between wellbeing and ‘stuff’ Listeners Questions – What is income drawdown? Tight Ass Tommo Many thanks to Simone Gnessen, Chris Tilly and Joe Bloom for their tips on spending habits, digital banking and ‘saving’ change in a jar Episode 17 – Simonne Gnessen #Tip of the week – Money for old electrical products Mazuma Mobile Who is Tim Kasser? Hyper Capitalism book How Tim researches materialism and consumerism and its effects on wellbeing Aligning values – the more people focus on materialistic values the more unhappy they are Goals and wellbeing What does intrinsic and extrinsic mean? Extrinsic values. External and materialistic – money, image, status. The focus is on external reward or praise from others Intrinsic values. Internal and essential – personal growth, connection to loved ones, physical health, community feeling. They are satisfying to pursue and meet psychological needs Using money to increase intrinsic wellbeing Financial behaviour Marketing in our consumer society – what effect does advertising have on our wellbeing? ‘don’t use money to solve a problem that does not need money to solve it’ Children and advertising Materialistic values and a destructive attitude to the environment What do people care about vs the behaviour they display The difference between buying and consuming – consuming is often mindless, buying in contrast has the potential to be mindful What can we do differently to beat hyper-capitalism and increase wellbeing? Timebanks – using time instead of money for exchange of services   Do you have any financial wellbeing questions you would like us to answer?  Do you have a #tightasstommo money saving tip you would like to share with our listeners? If so, let us know and they could feature on a future episode. Contact us via Twitter @Finwellbeing or email – contact@financialwell-being.co.uk   If you would like to purchase a copy of The Financial Wellbeing Book please click on this link to visit Penny Brohn UK shop  

Episode 41 – Motivation & Money 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.   Welcomes & introductions Tip for creative listeners This episode – what motivates us? Wellbeing recap A clear path to identifiable objectives Control of daily finances Know that we can cope with financial shocks Financial options Clarity & security for those we leave behind Financial Questions answered -the difference between yield and return #tightasstommo Charity shop shenanigans & watercress Tip of the week – Who needs a cleaner? What motivates us in life and how it connects to wellbeing What can we do to motivate ourselves? The effect money as an incentive has on wellbeing Daniel Pink – Drive Where does the carrot and stick approach come from? Algorithmic jobs – oil refineries, administration and mince meat The incentive was to work harder and get paid more to buy more stuff. Why is this old system flawed? Heuristic jobs – problem solving Fulfilment is the incentive for problem solving work. Voluntary work, when paid makes it feel like work and spoils it. Saving a pot of money versus a vision of the future to save for Have a picture of what you are saving for. The Eternal Business  Find a company that shares the same values as you to feel at home. We work harder when the reward offers fulfillment     Do you have any financial wellbeing questions you would like us to answer?  Do you have a #tightasstommo money saving tip you would like to share with our listeners? If so, let us know and they could feature on a future episode. Contact us via Twitter @Finwellbeing or email – contact@financialwell-being.co.uk   If you would like to purchase a copy of The Financial Wellbeing Book please click on this link to visit Penny Brohn UK shop

Episode 40 – Dr Catherine Zollman and Living Well with Cancer Longtime listeners will know that proceeds from the Financial Wellbeing book go to the charity Penny Brohn. In this podcast episode Chris, David and Producer Tommo find out about the 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.   0:12 – Welcomes and introductions 2:00 – The topic of this podcast An interview with Catherine Zollman and the fantastic work of Penny Brohn 2:50 – Tight Ass Tommo Oversized clothes from school blazers to sports kits A thank you to our superfan @ankers43 Tip of the Week – online voucher codes 6:38 – Interview with Dr Catherine Zollman and living well with cancer What does living well with cancer mean and how does it apply to our finances? 7:25 – Overview of what Penny Brohn does 10:10 – Building resilience 10:50 – Crisis in Chinese = danger & opportunity 11:50 – Supporting conventional treatment 12:23 – Working out what you want from life 13:03 – Ensure others are looked after financially in order to focus on yourself 13:19 – Prepare for the worst, hope for the best 13:44 – Does the approach to money change with diagnosis? 15:19 – Wellbeing increases with diagnosis as people can focus on what is important in life 16:39 – Hardwired to heal 16:20 – Small changes to feel much better 20:10 – Spending time in the right place 23:08 – How Penny Brohn help people live the life they want with cancer 26:50 – Takeaways about this interview from the guys Don’t wait until it goes pear shaped, do it now!   Do you have any financial wellbeing questions you would like us to answer?  Do you have a #tightasstommo money saving tip you would like to share with our listeners? If so, let us know and they could feature on a future episode. Contact us via Twitter @Finwellbeing or email – contact@financialwell-being.co.uk   If you would like to purchase a copy of The Financial Wellbeing Book please click on this link to visit Penny Brohn UK shop