Episode 51: Money and Happiness

tFor more than a generation, people were taught to set money goals as cornerstone of managing financial wellbeing. What if there were a better way? Chris Budd, Founder and Chairman of the Initiative for Financial Wellbeing and author of The Financial Wellbeing Book, offers an alternate approach for financial planning and how we think about the role of money in our lives. In this conversation, we discuss the how purpose and values inform financial planning, how setting financial goals can create a vicious cycle, financial education in the workplace, retirement planning and the changing role of financial advisors.

Episode Highlights


The real purpose of money


The role of financial advisors if the true purpose of money is not wealth accumulation


Where financial education is needed most


Should people be thinking of a prospective employers’ financial wellness program when interviewing?


Advice for people who are behind on meeting their financial targets for retirement

What “working with humans” means to Chis

“…working with your employees to help them to match their purpose with a purpose of the business, which is not a simple thing to do.”


Follow: Chris on his websites: Financial Wellbeing and The Eternal Business Consultancy
Read: 2021 PwC Employee Financial Wellness Survey
Read: Why employee financial wellbeing matters
Read: Happiness, income satiation and turning points around the world
Listen: The Financial Wellbeing Podcast

Michael Glazer is the creator and host of Humans At Work. His purpose in life is to make well-being at work a globally-accepted, basic human right. Learn more about Michael here.