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

'Dinosaurs go extinct': Former Progeny CTO warns platforms must evolve or die

'Dinosaurs go extinct': Former Progeny CTO warns platforms must evolve or die

Tim Thompson Rye warns advice platforms must embrace digital transformation

Sahar Nazir
clock 31 January 2025 • 2 min read
Advice firms called to 'create tech team' to fully embrace AI

Advice firms called to 'create tech team' to fully embrace AI

‘A tech team can look at the most important problems your firm needs to solve’

Sahar Nazir
clock 31 January 2025 • 2 min read
Feel Good Friday: CISI gives nearly £250,000 to financial education charities

Feel Good Friday: CISI gives nearly £250,000 to financial education charities

Providing support to Get Set Girls, RedSTART Educate, and Crosslight Advice

Professional Adviser
clock 31 January 2025 • 1 min read