Real Life Money: Building Financially Capable Employees
Why do your employees need Real Life Money?
Chances are high that your employees, like millions of Canadians, are facing one of the harshest economic realities of their lifetime.
72% of working Canadians spend part of their workday dealing with, or thinking about their personal finances.
Grocery prices are soaring. It’s been the fastest climb in over 40 years. Interest rates have pushed mortgage payments up, and gas and basic necessities all cost more. And many employees are still making the same money.
A 3% to 4% cost-of-living raise isn’t going to cut it. The reality is, organizations can’t afford to keep pace with the kinds of salary increases required to fill the gap.
Here’s how we can help.
We know and do to go from financially fretful to financially capable, and in control of their own finances, not the other way around.
When your employees are more financially capable at home, they are more focused, more productive and thrive at work. And Financial wellness can impact overall wellness and employee mental health.
While it’s perfectly normal to have gaps in financial knowledge, we know many people feel ashamed about those blind spots. We have seen smart and successful people with significant incomes lacking the financial knowledge and experience to make the most of that income.
We also optimize the value and potential for employees to maximize the pension benefits YOU already pay for by providing education and tools that support existing resources. (We call that throwing good money after good.) 😊
Understanding Your Money Mindset
According to Dalbar’s 2021 annual Quantitative Analysis of Investor Behaviour report, investment results are more dependent on investor behaviour than on fund performance. Our Money Mindset can have a significant impact on our financial decisions. Unfortunately, many things trigger behaviours that we may be unaware of. One opportunity to support and educate our own financial health is to help us understand the things that unconsciously drive our decisions.
Understanding our Money Mindset can make managing our finances easier. Join us to learn about the seven Money Mindsets and how each of them impact our behaviour when it comes to investing, spending, saving and borrowing. Uncover strategies to keep each mindset on track with our financial goals.
✔️ How to uncover your Money Mindset
✔️ Behavioural tendencies and how they affect each of the seven Money Mindsets
✔️ The biggest areas of risk for each of the mindsets
✔️ Strategies to help us use our Money Mindset to our advantage
✔️ The relationship between you and your partners, or family members Money Mindsets