Have you ever set out to accomplish a goal, and six months later, ended up not where you wanted to be? This can often happen with our financial goals. For example, maybe you set a goal of paying off your car loan by November of 2020. Along the way, you’ve had expensive car repairs, an influx of family weddings, and an unexpected trip to the hospital. If you’ve found yourself [...]
With the results from the most recent 2019 PwC survey, it’s no wonder that finances are causing a huge point of stress in the workplace. These are a handful of statistics we found impactful: ⅓ of employees are distracted by finances at work ⅕ employees admitted to skipping work to deal with a financial problem 49% who say they are distracted by finances admitted to spending more than three [...]
There have always been professionals supporting those at each end of the money spectrum: If you are in crisis mode, rehabilitating a bad credit history or facing bankruptcy, there are credit counseling agencies. They help with loan consolidation, debt payment plans, and basic legal advice. If you have expendable income, there are financial advisors. They assist with investing your money, purchasing annuities and protecting your nest egg with insurance products. [...]
I was born and raised in Milwaukee, Wisconsin. For several years it was my sister, me and my mom. She worked hard to provide for us and gave us what we needed. She and my dad remarried when I was about 11, my dad worked and she became a stay-at-home mom. We didn't have much money to do fun activities. I jokingly tell people that our trips to McDonald's (which [...]
We’re told growing up to make the right decisions when spending money. The chastising phrase “don’t waste your money on XYZ” is probably a familiar one. But I want to debunk the myth that there’s a wrong or right way to spend money—because there isn’t. There’s No Wrong or Right Way—Just a Cost Instead of spending money a wrong or right way, there’s simply an opportunity cost. If you’ve taken [...]
I grew up in a small paper mill town in Wisconsin with my parents and my brother and my sister. My dad was a mechanic at a local paper mill and my mom worked part-time in a grocery store deli when she wasn't home taking care of us kids. We always had the money to buy what we needed, but I wouldn't say we had much more than that. My [...]
I have never taught a workshop targeted towards helping parents teach their kids about money, but I am always excited when the topic is brought up in our financial wellness program. As the father of twelve-year-old twins and a ten-year-old, I’m eager to prepare their futures for success. We have approached teaching our kids financial education the same way we approach most of our parenting: a little bit of [...]
We thought it would be fun to share a handful of money tips and hacks collected from financial coaches all over the country (and Canada!) that they use to stay on top of their financial game. Workplace Money Coach has a network of trained financial coaches across the country ready to serve your employees on their journey to financial wellbeing. $$$ "Our family grocery shops Saturday morning at 9:30 because by then they [...]
I’ll bet you would be surprised by the simple money management habits that the majority of millionaire’s in America have lived by to achieve extreme financial success. And the great news is, you can easily start to develop these habits in your own life to reach your personal financial goals. Check out these five top habits of millionaires: 1. Millionaires Value Slow Growth Over Time Rich people that struck oil [...]
Steve is a busy man. He is a full-time wellness professional for an international law firm, president of the Wellness Council of Tampa Bay, a husband and a father. Yet, he still finds time to make killer cash on the side doing something he loves...keeping the party going. When I finished speaking with Steve about his venture as a DJ for hire, I could not help but think Steve had [...]
