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60: Using Money To Accumulate Happiness Rather Than Wealth with Chris Budd

60: Using Money To Accumulate Happiness Rather Than Wealth with Chris Budd

FromThe Human Side of Money


60: Using Money To Accumulate Happiness Rather Than Wealth with Chris Budd

FromThe Human Side of Money

ratings:
Length:
87 minutes
Released:
Sep 28, 2022
Format:
Podcast episode

Description

Money and happiness will forever be intertwined, specifically the relationship between the two. While money may not be able to buy happiness, it can certainly influence it. And, when you're working with people and their money, you have the opportunity to help them use their money in a way that accumulates happiness rather than just simply accumulating wealth. Of course, that first requires a deeper understanding of happiness. Not only what it is, but the components that contribute to happiness, and how money can either increase or decrease it. Fortunately, Chris Budd runs an organization focused on helping advisors and planners understand what clients actually want from their money. And, he explains what advisors need to know in order to help clients become happier and more fulfilled, not just wealthier. In this episode, we discuss: Why the worst first question is: "What does money mean to you?" The "un-training" every advisors needs to improve relationships When he realized clients didn't actually want to talk about money The "financial wellbeing junkie" conversation to have with every client The ways to spend money that create long-term happiness   *The featured partner for this episode is Knudge, an automated system to help clients actually follow through on their tasks and reach their financial goals. *For more resources discussed in this episode, check out www.wiredplanning.com/episode60. *For more resources and insights on mastering the human side of advice, go to www.wiredplanning.com. *Follow Brendan for insights on mastering the human side of advice: Twitter LinkedIn
Released:
Sep 28, 2022
Format:
Podcast episode

Titles in the series (100)

The Human Side of Money delivers actionable ideas and strategies to equip financial advisors with the skill set they need to master the human side of money. Whether you've been providing financial advice for 40 days or 40 years, it's evident that technology is shifting your value away from simply picking investments and providing financial plans. The future of advice will hinge on your ability to guide clients through the process, unearth their values and emotions around money, and ultimately, change their behavior for the better. Join your host, Brendan Frazier, as he interviews fellow financial advisors, industry consultants, and experts in the fields of behavioral finance, psychology and communication as they share everything you need to know to master the human side of money!