P$yFi | Psychological Finance

Olivia has made the point that money can’t buy happiness, but another therapist reframes the discussion in how money can be used as a “tool” to move you towards a stronger sense of financial wellbeing. Just as we engage in financial planning, CarolynWhite, Licensed Clinical Social Worker with Redstone Arsenal’s Employee Assistance Program, shares how we can actually “plan” or “map out” our happine...

Olivia walks you through the practical steps of planning and preparing for a divorce financially, from protecting your credit to updating your designations of beneficiary. 2nd Annual Financial Symposium Information and Registration ARMY Common Military Training  (Financial Touchpoints) NAVY Financial Touchpoints USAF Financial Touchpoints

Olivia sits down with an Accredited Financial Counselor® candidate to review and challenge participants’ stated barriers in the class, Cover Your 6: Six Things to Know about Debt, Credit, Consolidation, and Settlement.  Army Teams members can view the recorded class at  P$yFi: Cover Your 6.

Olivia takes you back to positive childhood (and still adulthood) memories of thrifting, reminding you that you’re giving much more than your business. Olivia also provides tips of the thrifting scene, whether you’re looking to donate, host a yard sale, or patron a thrift shop.

Before you set financial resolutions this coming year, Olivia walks you through a paradigm shift to create a financial revolution.

Olivia helps you set the pace and create a sense of season by learning how to budget not only your money, but your time AND energy. Listen to how you can create a subordinate budget to spend on what you want most this Holiday Season…that doesn’t necessarily involve money.

Olivia discusses meal-planning with Redstone Arsenal’s Fox Army Clinic Dietician, providing two distinct but similar perspectives on meal-planning. We don’t even tell you to stop eating out!

Olivia sits down with an Accredited Financial Counselor® candidate to further discuss what financial wellbeing is and is not, reviewing observations of the financial wellbeing class hosted at Redstone Arsenal’s Wellness Summit. If you haven’t already, take the financial wellbeing assessment then listen to episodes 17 and 18.

Olivia continues to dissect the CFPB research on financial wellbeing, focusing on the sited opportunities to advance financial wellbeing. This includes increasing confidence and a multitude of actions that are not income-driven but BEHAVIORALLY driven. Listen to part one in Episode 17 first! To discover your score, and where you can target improvement, take the CFPB financial wellbeing assessment...

Olivia dives into the exciting CFPB research on Financial Wellbeing, defined as “a state of being wherein a person can fully meet current and ongoing financial obligations, can feel secure in their financial future and is able to make choices that allow them to enjoy life.” Key findings are processed, including the variables that impacted financial wellbeing scores most. Hint, hint, it’s not your...

Recapping August’s P$yFi class, Olivia highlights the larger discussion points on the multitude of steps in the home-buying process. Home-buying is a daunting one, so take it seriously. Learn as much as you can before you commit to purchasing a home! Wellness Summit registration link: https://forms.osi.apps.mil/r/D9M5JEbscB Join us for the next P$yFi class on 7 SEP 2023 at 11CST, Cover Your 6: Six...

A continuation of Episode 14, Dale Alexander breaks down the reasons for giving as well as saving. He shows his math of how someone making $12K per year or $36K per year can still have a very nice nest egg. He provides new math: 70 > 100.

Have you tried imparting wise financial advice to your children, but it falls on deaf ears? Do you not even know where to start the conversation about money with your kids? Dale Alexander, a Certified Financial Planner, speaks to the core of young adult children, having them ask the question, do you want money to control you or do you want to control money? He offers the one, life-altering decisio...

Do you ever ask yourself the question I was asked in a recent class, “Should I push my child to work or let him/her be a kid?” I provide my insights, as well as a Youth Development Study. To watch the 8 JUN class referenced in podcast, “A Cruel Summer? Lasting money habits for kids, teens, and adult children,” visit Meeting in General -20230608_110123-Meeting Recording.mp4

Marrying a recent financial class with an interesting article, Olivia discusses stats that will hopefully make you feel better about yourself while challenging your thinking that “average” is just not good enough. For Redstone Arsenal Employees: To access the Cash Flow Analysis mentioned in the podcast, contact Olivia at 256-876-6299.Consider attending Olivia’s P$yFi class series the 1st Thursday...

Ever feel like an ill-equipped parent? Discover what little it takes to make your kids both mentally AND financially strong. Of course, parenting is not for the faint of heart. Warning: it will involve saying “no.” Join Olivia on 8 JUN 2023, 1100 CST, for more financial parenting advice in “A Cruel Summer? Lasting Money Habits for Kids, Teens, Young Adults, & Adult Children. Join the class at:...

Just like any other task in life (e.g., work, household chores, parenting) we must learn what skills motivate us or burn us out. Learn how to assess your financial motivational skills so that you can do more of them, then identify your financial burnout skills so you can delegate to someone else, whether a spouse, child, lay professional, professional, etc. There is the potential for everyone to w...

YOU are the only one who controls your financial destiny. Let’s don our nerd glasses when we crunch the numbers and suit up when necessary to fight for our financial freedom. BAM! Examine the POWer-packing punches that will keep your portfolio fit: spend less than you earn, save for the future, invest, protect your assets, and pay down debt. WHAM! See the attached P$yFi schedule for upcoming hybri...

Discover the remaining 2 F.I.R.E. paths. Let’s not get burned out by inflation and poor exchange performance. This podcast reveals HOW to start catching fire NOW with a few calculations. April is Financial Capability Month—no fooling! Visit https://finred.usalearning.gov/ and choose a financial goal — or five! — that you can achieve

Did you know there's more than one way to retire? Many people tend to think of the long, arduous task of saving impeccably for 30+ years, remaining loyal to 1 or 2 employers. But wait, there's more! F.I.R.E. gives you hope. It has morphed over the years, realistically incorporating new ideas for achieving retirement goals, whether you’re focused more on financial independence, retiring early, or b...

In the previous episode, you discovered the fallacy in predicting feelings (affective forecasting). In this episode, complete a few future-self exercises to improve the connection with your current and future self. Closing this identity gap opens the floodgates for truly understanding your deepest desires. If you missed the Financial Symposium, never fear. We will kick off the next round of P$yFi...

Money really does not buy happiness, but we consistently overpredict that it will. “If only I could get that promotion, then I would be happier.” This is called affective (feeling) forecasting, in which we fail miserably each time. We even fail to predict what will make us unhappy. Listen in on how we tend to get our future selves mixed up with an unknown person. Discover how empathizing with your...

If you’ve already blown your financial New Year’s Resolution, don’t fret! Learn how to tie any financial goal with a “fresh start” date to increase motivation, movement, and maintenance of the goal. Don’t miss Redstone Arsenal’s FREE Financial Symposium on 9 MAR 2023 at the Overlook. This is an in-person event open to anyone with Redstone Arsenal access. FREE Lunch will be served in conjunction wi...

Explore your financial worldview and how it impacts your financial decision-making. What you think about money impacts how you feel about money, which ultimately influences how you behave with money. Live class recording link: P$yFi (Psychological Finance) Class Series_ Behavioral Tips for Financial Success-20221207_110010-Meeting Recording.mp4 FINRED Wellness Quiz: https://finred.usalearning.gov/...

Explore your financial worldview and how it impacts your financial decision-making. What you think about money impacts how you feel about money, which ultimately influences how you behave with money. Live class recording link: P$yFi (Psychological Finance) Class Series_ Behavioral Tips for Financial Success-20221207_110010-Meeting Recording.mp4 FINRED Wellness Quiz: https://finred.usalearning.gov/...