The Financial Wellbeing Podcast

Episode 127: Thinking Clearly About Money with John Dashfield In this episode, the guys are joined by financial coach John Dashfield for a thoughtful conversation about money, mindset and decision-making. John explains why our state of mind has such a powerful effect on the financial choices we make. When we are stressed, fearful or mentally busy, money can feel heavier than it needs to. But when the mind settles, we often find we are better able to make clear, thoughtful decisions. The episode also explores the difference between intellect and insight, why money worries are not always about the money itself, and how creating a little space in our lives can help improve financial wellbeing. Welcomes & Introductions Chris Budd – Founder of Ovation Finance, the Institute for Financial Wellbeing and author of the original Financial Wellbeing Books, you can view all three here Fancy a chat with Tom Morris, Chartered and award winning Financial Planner at Ovation? Contact details here What’s on Today’s Podcast? A chat with John Dashfield, a former financial adviser who now works as a financial coach and transformation coach. John’s work focuses on thinking, particularly how our thinking affects our experience of money. Tight Ass Tommo Light-hearted money saving tips, guaranteed to make you smile and think twice about your spending habits. This time we explore leaving items in your online shopping basket Interview with John Dashfield Challenging your own assumptions The role of thought in financial decisions Why money can feel so emotional Can we control our thoughts? Insight versus intellect Physics versus engineering Slowing down the busy mind Conclusions from the Guys Reflecting on the interview, David says his key takeaway is that we need to create space for the mind to relax. Tom reflects on the connection between John’s message and the recent conversation with George Kinder. Both point towards mindfulness, presence and the importance of giving the mind room to settle. Chris adds that happiness takes work. We do not simply wake up one day with life perfectly arranged around us. We need to be proactive, especially when it comes to money, because money worries are one of the biggest sources of stress. John Dashfield is a financial coach and transformation coach with a long background in financial services. After beginning his career in the 1980s, John worked as a financial adviser before selling his practice and moving into coaching. He now works with financial professionals, business owners and individuals, helping them understand their thinking, improve decision-making and develop a healthier relationship with money. Want to know more? Connect with John on LinkedIn

Episode 126 – Why Money Should Support Life with George Kinder This episode is a thoughtful look at financial wellbeing from a broader perspective. The guys are joined by George Kinder, one of the best-known names in financial life planning. They explore why good financial planning starts with listening, not just number-crunching, and discuss George’s well-known three questions that help people think more deeply about what matters most. Welcomes & Introductions Chris Budd – Founder of Ovation Finance, the Institute for Financial Wellbeing and author of the original Financial Wellbeing Books, you can view all three here Fancy a chat with Tom Morris, Chartered and award winning Financial Planner at Ovation? Contact details here What’s on Today’s Podcast? A chat with financial planning legend George Kinder – exploring why good financial planning starts with listening, not just number-crunching, and discuss George’s well-known three questions that help people think more deeply about what matters most. Tight Ass Tommo Light-hearted money saving tips, guaranteed to make you smile and think twice about your spending habits. This time gambling and and how to avoid being a good host when people visit! Interview with George Kinder Why listening matters so much in financial planning George explains that the quality of advice depends on the quality of the listening that comes before it. The real skill is not jumping straight to solutions, but taking the time to understand what matters most to someone. The three questions George Kinder is known for Chris asks George to share the famous three questions he uses to help people think more clearly about their lives. These questions move the focus away from money and towards meaning, priorities and what really matters. Why money should support life, not dictate it A central theme of the episode is that many people do not have a money problem as such. They have a clarity problem. They may be doing fine financially, but still not know what they want their money to help them do. Stories of life planning in action George shares examples of clients whose priorities became clearer through conversation. One client realised that what mattered most was not earning more, but having more time with his children. Another moved much sooner than expected towards a long-held dream. The dream of freedom George talks about what he means by freedom, not as a slogan, but as a way of describing a life that feels meaningful, aligned and true to what matters most. The link between mindfulness, coaching and financial planning The discussion also explores mindfulness, presence and emotional intelligence, and why these are more connected to financial planning than many people might think. Fiduciary in All Things George introduces his latest project, which argues that organisations should place truth, democracy, people and planet ahead of self-interest. It is a wider conversation about trust, responsibility and the kind of society we want to build. Conclusions from the guys Reflecting on the key themes from the interview: The challenge and value of active listening, especially in financial planning. How difficult many people find it to imagine what comes next, especially around retirement or life after selling a business. Retirement, free time and how identity and work can be more closely tied than we sometimes realise. George Kinder is widely recognised as the father of the life planning movement. Through his writing, teaching and the Kinder Institute of Life Planning, he has helped shape a more human approach to financial planning, one that puts people, purpose and meaning at the centre of the conversation. For further information, people can visit the Kinder Institute of Life Planning for his work on life planning and the well-known Three Questions

Universal Basic Income: Would It Make Us Happier? In this episode, David Lloyd is joined by Chris Budd and Tom Morris to explore this hotly debated idea, UBI, but through a financial wellbeing lens rather than a political one. Along the way, there’s community joy, reused tea bags, Maslow’s pyramid, behavioural psychology and what all of this might mean for parents supporting their children, as well as those approaching retirement. Welcomes and Introductions Chris Budd – Founder of Ovation Finance, author of The Four Cornerstones of Financial Wellbeing, trustee of a hospice and, as someone else once described him, the “grandfather of financial wellbeing.” Tom Morris – Managing Director of Ovation Finance. Award winning, Bristol-based, chartered, B-Corp certified and employee-owned. Fancy a chat with Tom Morris and the team at Ovation? Contact details here Tight Ass Tommo Tom’s money-saving tip this week involves former England cricketer Jack Russell. Rumour has it he would hang up his tea bags between uses and reuse them later. Whether for sustainability or savings, the lesson is clear: small habits can save money. (Although David points out his mum was doing this decades ago.) Chris’ Good News Before diving into economics, the team share their regular feature: Joy Baiting – the antidote to online “rage bait.” Tom shares a story from a local mini rugby festival: 500+ children aged 6–12, countless volunteers organising parking, food stalls, refereeing and coaching — all creating a joyful community event. This Episode So… What Is Universal Basic Income? In this episode we look at a non-political Exploration. Universal Basic Income (UBI) is the idea that every adult receives a fixed income from the government, regardless of their circumstances. It’s: Not means-tested Not dependent on employment The same amount for everyone Simple in theory to administer Importantly, the discussion here is not about politics or affordability – but about what UBI tells us about the relationship between money and happiness. For context, if the UK paid everyone roughly £400 per month, it would cost around £200 billion a year — more than the NHS budget. So yes, it’s expensive. But what about the wellbeing implications? Maslow’s Hierarchy and Financial Security Maslow’s hierarchy of needs suggests we must satisfy basic needs — food, shelter, safety — before we can pursue higher goals like belonging, esteem and creativity. If someone is anxious about survival, it’s extremely difficult for them to move “up the pyramid.” Financial planners see this constantly — particularly with people approaching retirement. Until clients feel secure, they struggle to explore purpose or joy. So the question becomes: Would guaranteeing a basic income help people move up Maslow’s pyramid – or make them lazy? Does Financial Stress Motivate — or Paralyse? There are two competing views: View 1: Financial pressure motivates people to work harder. View 2: Financial pressure creates anxiety that paralyses people. To explore this, Chris consulted behavioural finance expert Neil Bage, who pointed him to the Yerkes-Dodson Law. The Yerkes-Dodson Law A little anxiety improves performance. Too much anxiety harms performance. Financial stress often sits firmly in the “too much” category. When people are overwhelmed by money worries: Their mental capacity shrinks They focus only on short-term survival Decision-making deteriorates Research shows that when people worry about paying bills, cognitive performance drops significantly. Real-World Examples David shares two personal examples: As an actor, nerves enhanced performance. As a novice pianist recording an exam, anxiety completely undermines it. The difference? Confidence and perceived control. Similarly, financial anxiety can either sharpen focus – or overwhelm entirely. Chris recounts how severe financial stress led his father to stop opening bills altogether — anxiety became paralysing rather than motivating. What Does the Research Say About UBI? Several trials have been conducted: Canada (1970s) Reduced mental health diagnoses Very few people stopped working Those who did were mainly new mothers and teenagers choosing to study Finland (2017–2018) 2,000 unemployed people received ~£500 per month No obligation to work Improved wellbeing Reduced mental strain Some started businesses or provided family care Overall economic impact: minimal Ongoing UK and Welsh trials Still awaiting results. So… Does It Work? From a wellbeing perspective: yes. UBI appears to: Reduce anxiety Improve mental clarity Improve wellbeing Enable better decision-making From a purely economic perspective: There’s no strong evidence yet of significant economic growth benefits. Why Isn’t It Implemented? It’s politically divisive. It’s extremely expensive. It would require dismantling and rebuilding the welfare system. Some argue it should be means-tested rather than universal. But the economic arguments may be missing a key point: The wellbeing benefits are significant. A Lesson for Financial Planning Financial planners often help clients answer: “How much is enough?” But perhaps they should also help answer: “What’s the minimum we need to avoid falling into anxiety?” Final Thoughts Universal Basic Income may or may not be politically viable. But the psychology is clear: A guaranteed level of financial security reduces anxiety and increases wellbeing. And that principle applies whether you’re: Designing public policy Supporting your children Or planning your own financial future

Episode 124 – Money and Meaning with Daniel Crosby What is money really for? In this episode of the Financial Wellbeing Podcast, Chris Budd is joined once again by behavioural finance expert and author Daniel Crosby to explore the deeper relationship between money, happiness, and meaning. Daniel’s latest book, The Soul of Wealth, moves beyond traditional behavioural finance to ask how money can support a life that feels fulfilling, connected, and purposeful. Together, Chris and Daniel discuss comparison, gratitude, social influence, the role of luck, and why understanding people’s stories matters just as much as understanding their finances. This is a thoughtful and wide ranging conversation about using money well, not just managing it efficiently. Welcomes & Introductions Chris Budd – Founder of Ovation Finance, the Institute for Financial Wellbeing and author of the original Financial Wellbeing Books, you can view all three here Fancy a chat with Tom Morris, Chartered and award winning Financial Planner at Ovation? Contact details here What’s on Today’s Podcast? Why behavioural finance has evolved to include happiness and meaning The dangers of comparing yourself to others and how reference points affect satisfaction The power of social influence on money habits How simple gratitude practices can boost wellbeing Making your future self feel more real to support better decisions The role of luck and why acknowledging it can encourage generosity Tight Ass Tommo Lighthearted money saving tips, guaranteed to make you smile and think twice about your spending habits. Interview with Daniel Crosby The core conversation covers: The emotional story behind financial decisions and why empathy matters How money influences wellbeing beyond traditional financial outcomes Why your environment and role models are powerful predictors of behaviour Practical ways to build salience for your future goals Insights from The Soul of Wealth that people can apply in their daily lives Conclusions from the guys Reflecting on the key themes from the interview: Understanding money’s role in life requires looking beyond numbers Compassion and curiosity help uncover underlying financial motivations Small practices like gratitude and future visualisation can make a meaningful difference

What if the secret to financial wellbeing isn’t just in what you earn or spend, but in how you think? In this episode the guys are looking to see if we can do anything to improve our thinking and thereby improve our wellbeing. Along with the usual TightAssTommo money saving tips we have a thoughtful episode just for you! Welcomes and Introductions Fancy a chat with Tom Morris and the team at Ovation? Contact details here What’s on Today’s Podcast? Exploring the issue of thinking – is it something that just happens or do we have some control over it so we can improve our relationship with money and wellbeing? Tight Ass Tommo Go and watch women’s sport, a great way to see quality sport at a fraction of the cost. Chris’ Good News A new feature, do share your name ideas for future episodes in the comments below! This time, a sauna in Somerset that promotes social wellbeing. This Episode How do we think, what gets in the way and how can we think better? The Questions That Unlock Real Happiness Thinking well begins with asking the right questions. Try asking yourself: What really matters to me? What brings me joy and meaning? Whose expectations am I trying to meet? Will this decision make me happy in the long term? One of our advisers describes this as “daring to dream.” It is the courage to ask honest questions, even when the answers might challenge the path you are on. The right questions bring not confusion, but freedom. Thinking Tools That Make a Difference A few simple shifts in perspective can make a big difference. Look beyond first impressions. If something seems like the key to happiness, pause and ask, What happens next? Spot your zero. Notice one thing that could cancel out your progress — the habit or belief that quietly undermines your wellbeing. Focus on what is truly yours. Choose goals that reflect your own values, not those that rely on the approval of others. When your goals come from within, they lead to satisfaction that lasts. Conclusions From The Guys

Episode 122 – Money, Purpose and Community with Jonathan Ruffer In this episode of The Financial Wellbeing Podcast, the guys explore how wealth, when used with purpose, can create extraordinary change. They’re joined by philanthropist Jonathan Ruffer, who shares the remarkable story of how he has devoted his resources to revitalising the town of Bishop Auckland. Along the way, we reflect on the dangers of money without meaning, the importance of community, and how finding purpose can enrich every stage of life – especially when approaching retirement. Welcomes & Introductions Chris Budd – Founder of Ovation Finance, the Institute for Financial Wellbeing and author of the original Financial Wellbeing Books, you can view all three here Fancy a chat with Tom Morris, Chartered and award winning Financial Planner at Ovation? Contact details here What’s on Today’s Podcast? Our chat with Jonathan Ruffer around how he has used his wealth in an extraordinary way through The Auckland Project, helping to transform the community of Bishop Auckland. Jonathan talks about purpose, education, community spirit, and the lessons learned from putting money to work for the benefit of others. Tight Ass Tommo The Borrow Box app for free audio books from your library. Always check eligibility for rail cards – two together for couples you can get 1/3rd off rail fair if you travel together Interview with Jonathan Ruffer How Jonathan became involved in Bishop Auckland and the vision behind The Auckland Project. Why wealth can be dangerous when it lacks direction or purpose. Reflections on how money can both distort and enrich lives, and why defining your own purpose is essential to financial wellbeing. Education and community engagement were central to Jonathan Ruffer’s vision for The Auckland Project. The role of education in creating long-term change. The importance of engaging local people in community transformation. Conclusions from the guys Avoid the deadly retirement Come and speak to Ovation Finance, who want to talk with you about what you want your retirement to look like Retirement often comes with baggage and many people don’t like the word. Producer Tommo often finds people don’t like being pushed into retirement but pulled towards something else. Find Out More The Auckland Project is a remarkable initiative bringing new life, education, and opportunity to the town of Bishop Auckland. From restoring historic landmarks to enriching local schools and building a stronger community spirit, it’s a shining example of how purpose and philanthropy can create lasting change. To discover more about their work and how you can plan your visit, come and take a look – www.theaucklandproject.org.

Episode 121 – Financial Infidelity In this episode of The Financial Wellbeing Podcast, we’re lifting the lid on a tricky topic: financial infidelity. What does it really mean? How can it show up in everyday life? And most importantly – how can you spot it, talk about it, and navigate it with your partner? Whether you’re looking to strengthen financial trust, avoid money pitfalls, or just enjoy some honest money talk with a dash of humour, this episode is for you. Welcomes and Introductions Fancy a chat with Tom Morris and the team at Ovation? Contact details here Whats on Today’s Podcast Exploring what financial infidelity means and how to avoid or navigate it. Link to Episode 120 and our chat with Dr Megan McCoy Tight Ass Tommo Featuring the #tightasstommo origin story, a mobile phone loyalty trick from Chris Hull and odd rail card options. Come 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. This episode: What “financial infidelity” can mean, how to define it Everyday examples where it can happen Chris’s personal story of family bankruptcy Tom’s practical tip for guilt-free budgeting Tamzin Caine’s tips Smart Divorce Podcast link What ever the reason, hiding any aspect of your life from your partner is going to lead to issues in the relationship Tamzin Cane Arrange regular money dates with calm conversations Couples counselling Individual support Find support, such as The Brightside app / Surviving Economic Abuse Conclusions From The Guys

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 & Introductions Want 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 Tommo Featuring 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 McCoy Chris 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 Wellbeing It’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 Introductions Chris shares his recent experiences in Marrakesh Fancy a chat with Tom Morris and the team at Ovation? Contact details here Whats on Today’s Podcast Exploring investment management from a financial wellbeing perspective Tight Ass Tommo Featuring 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: Invest according to your objectives – Different goals need different investment pots. A holiday fund shouldn’t be in crypto. Build your investments around a financial plan – Understanding “how much is enough” is key to knowing what you’re working towards. Know how much risk you need to take – Not everyone needs to chase high returns. Don’t invest in a way that raises your heartbeat – If it keeps you up at night, it’s not worth it. Manage your emotional response to market fluctuations – Avoid panic (or euphoria) by staying focused on your long-term plan. Set clear investment rules – Having a process gives you a sense of control, even in unpredictable markets. 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 Guys Come 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 & Introductions Want 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 Tommo Featuring some rather morally grey money saving tips around umbrellas and kids meals! Interview with Dennis Harhalakis What 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 & 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 Whats on Today’s Podcast Learn 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 Today Why 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 Guys Come 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 Tommo Chris’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 Davies What 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 & Introductions David – 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 Tommo Featuring 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 Event What does Chris mean by ‘moderately’? 1 – Own your success Define what it is and when you will achieve it 2 – Say ‘yes’ to everything For a period of time, give it attention to see if you like it. 3 – Take a nap 4 – 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 finder 6 – Be lucky! Remember the role luck plays in success 7 – Don’t have BIG goals 8 – Celebrate the boring 9 – Don’t believe all you hear 10 – 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 & 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? 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 Dow Katie’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 Guys Link to Episode 113 – Malsow, Money and Happiness Tight Ass Tommo Adam 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 Happiness We’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 & Introductions Haven’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 Tommo Featuring 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 Event Understanding 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 & Introductions Want 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 Tommo Where to buy alcohol in Norway What to do with pizza leftovers Interview with Dr Tom Mathar Episode 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 Guys The 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 & Introductions Haven’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 Tommo Featuring 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 Zones Dan 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 & Introductions Bear 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 Tommo Episode 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 Beeston What 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 Guys Philanthropy 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 Gap The 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 Tommo Chris’ 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 Gap Producer 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