What is Financial Health?

SMPL Money

Hosts: John and David Thompson

Hosts: John and David Thompson

Episode Summary:
In this episode of SMPL Money, John and David explore the concept of financial health and what it means to different generations. They discuss the importance of having an emergency fund, understanding personal cash flow, and setting financial goals. They also share practical tips and tools to help listeners achieve financial well-being.

What You'll Learn:

• The definition of financial health from different perspectives.
• The importance of having an emergency fund and how much you might need.
• Setting financial goals and the impact on financial health.
• The significance of understanding your personal cash flow.
• Awareness and habits that contribute to financial health.
• The role of education and seeking advice in maintaining financial health.
• Introduction to the Savology tool for financial planning.

Timestamps:

• [00:00] Introduction to the episode and hosts
• [01:00] David’s perspective on financial health
• [02:00] The importance of an emergency fund
• [03:00] John’s insights on financial health and reducing stress
• [04:00] Setting financial goals and habits
• [05:00] Understanding and managing personal cash flow
• [07:00] The role of awareness in financial habits
• [08:00] Recognizing financial triggers and influences
• [09:00] Sources of financial information and education
• [11:00] Seeking advice and different perspectives on finance
• [12:00] Managing risks and being prepared for financial setbacks
• [13:00] Introduction to Savology and its benefits
• [13:30] The Four Steps to Financial Freedom
• [14:00] Conclusion and final thoughts

Resources Mentioned:

• Savology

Connect with Us:
Reach out to John and David with your questions or feedback. SMPL Mortgage

Follow us on social media for updates and more insights. @smplmortgage

If you enjoyed this episode, please like, share, and subscribe to SMPL Money for more insightful discussions. Stay tuned for our next episode where we continue to unravel the complexities of finance in our lives.