HOST: Todd Huettner – Huettner Capital
Financial Flossing – Why people fail with basic personal finance tasks mistakes and how you can improve your financial wellness.
Most people know they should floss their teeth, how to floss their teeth, and it only takes a few minutes a day, yet most of us don’t do it every day. Why not? Because it is boring, and the results are delayed – we don’t pay the price for not doing it or realize the benefits of doing it until decades later. The same is true of saving for retirement. We may do a little brushing with matching 401k contributions, but that is where most of us stop. I call it financial flossing. Add a little self-shaming about past mistakes and the result is a lot of unhealthy stress.
To truly make an improvement in your financial wellness, you must supplement the traditional financial literacy topics with practical information and tactics you can implement tomorrow to solve a problem from today and see results tomorrow. When you have the tools to attack your current pain points and see an immediate benefit, you can quickly reduce your stress and increase your motivation. This is where the rubber meets the road for your personal finances.
1. Understand why traditional financial literacy is simply not enough.
2. Learn how to easily transform your financial wellness.
3. Find ways to make these changes at little or no cost.
Come participate in a round table conversation facilitated by a 4BR member with the topic of conversation based on the facilitator’s experience, knowledge and expertise on the topic being discussed.