The Financial Wellbeing Podcast

Episode 27: The Power of Negativity with Oliver Burkeman Join Chris, David and Producer Tommo in this much anticipated podcast! They talk to Guardian journalist and author of Chris’ favorite non-fiction book The Antidote, Oliver Burkeman. Oliver talks about the alternatives to motivational seminars and the power of negative thinking.   0:12 – Welcome & Introductions 0:56 – The Money Charity 2:60 – Wellbeing Word from around the world Norway – Koselig 4:05 – Tight Ass Tommo Great tips including posting clothes and gate crashing weddings! #tipoftheweek – Cashback | Top Cashback 7:50 – Introduction to Guardian journalist Oliver Burkeman 8:55 – Oliver explains his book, The Antidote, an alternative to motivational seminars and the power of positive thinking. 11:40 – The problem with ‘clear goals’ thinking 13:45 – The philosopher and stoicism It is not the event, it is our beliefs about events that make us distressed 16:05 – Understanding yourself and knowing the limits of understanding yourself 17.50 – Non Attachment (from Buddhism) 18:50 – What can people do to insulate themselves from the noise of self-help? 19:34 – Just do something! (Simmone Gnessen podcast) 20:00 – Negative visualisation, what is actually is the real worst thing that could happen? 21:45 – Capacity for Loss 22:20 – Effectuation 26:28 – Acceptance, to reconcile happiness and achievement 30:40 – Fatherhood changing views 32:42 – Chris and David talk over the topics discussed in the interview 34:42 – Do not wait for that perfect moment, just do something (Carl Richards podcast) 35:00 – Dame Kelly Holmes on making mistakes   WIN a copy of Oliver Burkeman’s book The Antidote – We have 5 copies of the book to give away. Click here to visit our Twitter page and find out more. Competition will run from Thursday 30th November until Thursday 7th December 2017. Winners will be drawn at random from eligible entries and announced on Friday 8th December 2017.  

Episode 26: Risky Business In this podcast we take a look at the often misunderstood area in personal finance – attitude to risk. Join Chris, David and Producer Tommo as they discuss the problems with traditional risk assessment tools and an over reliance on the results they produce. They also offer some practical tips to takeaway – from the best practice to expect from a financial adviser to understanding your own attitude to your money and risk. As ever we have some #tightasstommo tips, any tips you have for a future episode let us know on twitter through @finwellbeing.   0:50 – What has Chris been up to? 1:45 – Wellbeing Word from around the world Netherlands – Gezellig (heh-SELL-ick) 2:40 – Tight Ass Tommo We talk date night, toothfairy and reusable water bottles #tipoftheweek – The Sharing Economy and recycling old magazines 6:00 – Introduction to the podcast topic,  understanding our approach to risk 8:00 – ATR, attitude to risk. A questionnaire that should just be the start of discussions about risk 10:00 – The level of risk you are happy with translates to how your money is managed 11:00 – This ATR test leads to people having a higher level of risk than their actions would show they are comfortable with. 13:00 – Many regulators have come to the same conclusion 13:50 – Why are we making this statement? 14:00 – Framing of questions 15:50 – Unable to predict our future 17:10 – Present Bias and an example 19:00 – How do we react to positive and negative situations 19:50 – Loss Aversion, we react more strongly to loss compared to gains 21:00 – Questions are open to interpretation 22:00 – We need to be wary of the results from this ATR questionnaire, so what can we do to work out what our attitude to risk should be? 21:00 – Know Thyself 22:40 – Understand your capacity for loss 24.30 – Cashflow Forecast 25:10 – Practical tips to take away 27:20 – Understanding the way the markets work, your attitude to risk and the relationship needed with your financial adviser. Click to Tweet – What can we do to work out what our attitude to financial risk should be?

Episode 25: Behavioural Economics with Greg Davies In this episode Chris, David and Producer Tommo are joined by behavioural economist Greg Davies who talks about how our emotions effect our decision making process and how we can become more comfortable when making financial choices. We have Tight Ass Tommo’s #tipoftheweek along with money saving tips from our podcast listeners.   0:20 – Introductions and who is Greg Davies 2:35 – Wellbeing words and their meaning from around the world Japan – Ikigai (ee-kee-guy) 4:00 – Tight Ass Tommo The highs and lows of haircuts and charity shops. #tipoftheweek – Too good to go app 7:20 – Intrinsic motivation & money decisions 10:10 – Interview with Greg Davies How he got into applied decision science 12:30 – What is Behavioural Economics? When making financial decisons we are often purchasing emotional comfort at the cost of long term returns. So how can we do this efficiently without shutting off our emotions? 18:30 – How to apply behavioural economics to real financial issuse we face? 20:30 – Creating comfort in the financial decision making process 25:50 – Chris and David discuss and summerise the interview   If you have any tips for Tight Ass Tommo’s #tipoftheweek please do email us or teet @finwellbeing along with any thoughts on this podcast.