Chris Budd: What isn't financial wellbeing?

Relationship between money and happiness

clock • 3 min read

In this month’s column for Professional Adviser, Chris Budd looks at some of the uses of the term as it becomes increasingly popular…

Since writing The Financial Wellbeing Book in 2015 (proceeds to charity), the term ‘financial wellbeing' has become use more and more widely. In the previous 29 of these monthly columns for PA, I've been seeking to explain the concept. I define it in its broadest terms as being the topic of our relationship between money and happiness. Sometimes, however, you need to define a topic by what it isn't. This was brought home to me in a recent Twitter discussion with a lifestyle financial planner, who claimed that financial wellbeing is the natural outcome of his work. That is not finan...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

IFAs and clients 'misaligned' on value of financial advice

IFAs and clients 'misaligned' on value of financial advice

Adviser-client misalignment found when it comes to investment performance

Sahar Nazir
clock 19 November 2024 • 2 min read
ValidPath CEO on redefining independence in financial advice

ValidPath CEO on redefining independence in financial advice

‘True independence means being free from any ties’

Isabel Baxter
clock 19 November 2024 • 3 min read
PFS writes to members to seek reasons behind AGM rebel vote down

PFS writes to members to seek reasons behind AGM rebel vote down

Board intends to consider feedback ahead of 4 December meeting

Isabel Baxter
clock 18 November 2024 • 2 min read