Welcome back to the Financial Therapy podcast, I’m Jane Monica-Jones. Your host and your personal Financial Therapist.

In recent years we have heard a lot about financial wellbeing or financial wellness. But what does it really mean?

When we think of financial wellbeing we might think we need more financial education on strategies such as how to invest, diversify and accumulate. And if you head over to our favourite bookstores, for years there has plenty of books, like that there.

But interestingly, research shows financial knowledge and experience only makes up about 9% of what make us better at managing and multiplying our money.

A lot of research is now saying that psychological and behavioural factors make up the majority of us being better with money at around 61%. Having self-control, feeling confidence in money management skills, good modelling when we were growing up and the like. So it’s not surprising we are seeing more Financial Psychotherapists or Financial Psychologists that can help.

I am inserting some flagrant self promotion here…that’s why I wrote my book The Billionaire Buddha, which repairs the psychological and behavioural issues we have with money. But enough about me, let’s talk about women. What does the research say about how women manage and relate to money in the context of having many structural barriers against them. Such as earning less, having less superannuation because of time out of the workforce for child rearing or caring for elderly parents. How is money integrated into their lives and are there any differences to the way men relate to money.

To give us a lot more clarity we are speaking with expert Financial Wellbeing & Financial Capability Researcher Professor Roslyn Russell from the School of Economics, Finance and Marketing at RMIT University. 

DISCOVER FINANCIAL WELLBEING PROGRAMS , check out the Financial Wellbeing website ... financialwellbeing.co

HOST - Jane Monica-Jones, Financial Therapist & Author of The Billionaire Buddha

Financial Therapy - financialtherapy.org
Jane Monica-Jones - janemonicajones.com
Financial Wellbeing Courses - financialwellbeing.co
The Billionaire Buddha on Amazon - https://amzn.to/3kGlBv3

GUEST - Roslyn Russell is a Professor (Research) in the School of Economics, Finance and Marketing, RMIT University.  Roslyn has been researching financial capabilities and financial wellbeing in Australia for more than 15 years. Roslyn works closely with the finance, government and community sectors and serves on several industry reference groups and advisory boards. 

RESOURCES
Smart Money - moneysmart.gov.au
Women Talk Money - womentalkmoney.org.au
Women NSW - women.nsw.gov.au/resources/womens-financial-toolkit
Smith Family Financial Programs - thesmithfamily.com.au/programs/financial
National Debt Helpline - ndh.org.au
No Interest Loans - nils.com.au

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