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  • Writer's pictureFitPros Workplace Wellbeing

Money Matters: Navigating the World of Personal Finance




Personal finance is critically important and unfortunately complicated.


For most of us, the lives we want demand a working knowledge of key aspects like

saving and investing, budgeting and planning, and credit and debt management.

Currently, we’re falling short.

The Symptoms

77% of Americans report being anxious about their financial situation, almost two-

thirds are living paycheck-to-paycheck, and carry an average of $6,000 in credit

card debt.

The Problem

Financial literacy training/advice is commonly delivered by the provider of the

financial product or service. For example, our employees learn about retirement

planning from a representative of our 401(k) provider.


You wouldn’t take diet advice from a McDonalds employee (please don’t do that),

and while that’s an extreme example, you get the idea.


People Need Help

People need more help than they’re getting. It’s our belief that there’s value in an

independent perspective. We know that providing employees with a comfortable

environment where they can learn, ask and get their questions answered, is really

important.


When someone asks a specific question about money, it’s because they’re looking

for an answer. We believe they should get one, not some vague response.

Our approach:

We deliver complicated information in an everyday and easy-to-understand manner. In service of helping employees achieve financial security, we’ve developed a series of workshops.


Financial Wellbeing Series


1 - Be Your Own CFO: A Businesslike Approach to Your Personal Finances

Being your own CFO means running your financial life like a business. Two-thirds of

Americans are living paycheck-to-paycheck, and the majority are burdened by

consumer debt. By applying the best practices of a CFO, we can find financial

security and get on the path to prosperity.

Learning objectives:

  • Learn the 5 key financial strategies CFOs rely on and how to apply them in

  • your life.

  • Learn the 5 step process for determining and setting your most important

  • financial goals and priorities.

  • Learn the specific questions to ask to identify and eliminate limiting

  • financial beliefs and the 5 step process to replace them with beneficial

  • habits.


2 - Understanding Budgeting, Cash Flow, Credit, and Debt Management

Understand your current cash flow, develop and maintain a personal budget, be a

good steward of your credit, and avoid credit card debt.


In this webinar you will:

  • Create a practical budget and a plan for maintaining it

  • Get a handle on your current cash flow

  • Understand the key drivers behind credit scores and how to improve yours

  • Develop a plan for getting out and staying out of credit card debt


3 - Saving and Investing

Get comfortable saving and investing money. Becoming a personal investor means

understanding the various types of investments, learning about the different

accounts you can utilize, setting goals, and putting a plan in place.


In this talk you will learn:

  • How to create an appropriate emergency fund

  • How to determine your risk tolerance and asset allocation

  • How to set time and tax-appropriate goals

  • How to put a plan in place in order to reach those goals


4 - Estate Planning

Understand the process of Estate Planning, who should be doing it, and when to

get started. Estate planning is the preparation and completion of tasks required to

manage one's assets during incapacitation or at death.


In this talk you will learn:

  • Who should be thinking about and doing estate planning

  • What are the essential components of an estate plan are

  • When you should get started with this process

  • Who can help you ensure its successful completion


5 - Get on the Same $ Page with Your Partner

Financial success is challenging for individuals and puts even more pressure for

couples. Each of us has a history, perspective, and our own beliefs about money. The

key to long-term financial bliss in a relationship is to establish transparent

communication, and ensure everyone feels heard and understood.


In this talk, you will:

  • Learn how to do a deep dive into your history with money and your finances

  • Learn how to get a clear picture of your current money situation and know-

  • how

  • Learn how to work together to map out your desired financial future with your

  • partner


6 - Ready for Retirement

Learn how to successfully accumulate enough assets during your working years so

you have sufficient income during your retirement years. Being ready for retirement

means understanding how much to save, where to invest, how to design income

that will last as long as you need it to, as well as clarify how you'll spend your

retirement years.


In this talk you will learn:

  • How much income you'll need when you retire

  • How much do you need to be saving today

  • What vehicles you'll use to create your retirement income

  • How you will spend your time once you're retired

Additional option for parents

Kids and Money

This workshop is designed to help parents teach their kids positive money habits.

Raising financially responsible children is a priority for parents, but knowing where

and when to start can be a mystery - a lot like raising kids in general.


In this webinar you will learn:

  • How to teach your children positive money habits like saving, spending and

  • giving

  • How to set a great example and demonstrate successful financial behaviors

  • How to implement practical and sustainable weekly activities

  • How to teach your children to set financial goals



Additional options that primarily impact people living in the U.S.

Understanding Taxes

Understand the different taxes Americans pay and how they apply to our individual

situations. Understanding taxes means learning about what tax revenue pays for,

how our system works and if and when we are subject to the different types of taxes.


In this talk you will learn:

  • The history of our tax system

  • How income, capital gains, sales, property, and estate taxes work

  • How our progressive tax system work

  • How to calculate and understand your tax liability



The Right Coverages

Understand insurance coverages and how they fit into your financial life. Insurance

plays an essential role in your finance function, yet too few people understand policy

types and the proper amount of coverage to own.


In this talk you will learn:

  • The different types of life insurance and how to determine the right coverage

  • amount

  • How to evaluate disability insurance

  • The right time and method for addressing long-term care needs

  • How to know if you have the right property and casualty insurance



It’s essential to make this content as fun and entertaining as possible. The goal is to get employees as fully engaged as possible. The idea is to help people get good with money so they can get out of credit card debt, stop living paycheck-to-paycheck, and be less anxious.


There’s a business and human case for this. Everyone wants employees engaged at work, and at home. Financial security and peace of mind can help make that desire a reality.

Written By: George Grombacher George is a financial wellness advisor, podcaster and speaker, working to help people get better at money so they can live how they want. Read More... Check out George's Money Alignment Academy HERE!


Contact us today to schedule one or more of these sessions to support your employee's financial wellbeing!


 

FitPros is a turn-key wellness provider empowering people to take charge of their personal health.



Contact FitPros to diversify your company’s wellbeing offerings and help employees meet their health & fitness goals.

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