Video by Brent Hines transcribed below. So why did we choose to get inside of the retirement community, if you will, as a marketplace? Well, the easiest answer is it's being underserved. The folks that are in that space right now tend to either be financial services, just trying to advance their career or build their book of clientele as good hearted as they may be, you just can't change the fact that they're showing up with their firm name on their shirt It's difficult to remove that non solicitous, unbiased, no endorsement whatsoever approach that we take. Because we're a nonprofit, we can ..read more

Hiring new employees is a complicated process. Have you ever stopped to contemplate all of the steps it takes from the time you initially determine it’s time to hire someone until they complete their first day of work? Depending on the position to be filled, you may conduct a simultaneous internal and external search. The search involves advertising, recruiting, resume reviewing, initial candidate screening, in-person interviewing, offer generating, and acceptance gathering. In some cases you become involved in relocation arrangements. Assuming your preferred candidate says yes, resigns their ..read more

I never realized how much admiration I have for sixth-grade band teachers until the other night. A neighbor invited my wife and me to his son’s end-of-year, sixth-grade band concert at school. We went and were treated to songs about spring, patriotism, and school spirit. In between numbers, the teacher reminded us that the students in front of us were completing their first year as full-fledged musicians. Students at this school are allowed to participate in band for the first time as sixth graders. At the beginning of the school year, these students had no concept of playing together as a sin ..read more

When I played basketball back in high school, my coach frequently talked about two kinds of errors: errors of commission and errors of omission. Errors of commission usually showed up in the box score and included things like committing a foul while going for a rebound, making a bad pass while trying to get the ball to an open teammate, and missing a shot while trying to beat the clock at the end of a quarter. Coach said that these kinds of errors were forgivable because they occurred while trying to make something positive happen. Errors of omission on the other hand transpired as a result of ..read more

As a kid I remember turning the dial on our TV that received three stations. I was fascinated by weather and always tried to catch the forecasts on each channel. The graphics, satellite images, and radars were primitive by today’s standards. Frankly, I don’t remember much about any of the broadcasts, but I do remember that one channel had a meteorologist that had the “NWA Seal of Approval,” and another channel had one with the “AMS Seal of Approval.” Before each broadcast, an authoritative voice would say, “Stan had earned the AMS Seal of Approval” or “Bob had achieved the NWA Seal of Approval ..read more

As I’ve grown older, I’ve learned many lessons from both my own life and observing the behaviors of others. It’s hard to function on two hours of sleep. Drinking alcohol to excess will lead to regrettable behaviors, not to mention a massive headache the next morning. A constant diet of fast food will lead to weight gain and other issues that will leave a doctor frowning during a physical examination.   Your employees know about each of the lessons I’ve described. Even though most people know about the adverse results, they continue the behavior ..read more

Many people confuse financial wellness and financial education. Though they sound very similar, financial education is merely a subset of financial wellness. Financial wellness consists not only of financial knowledge (education) but also of healthy behaviors and empowering beliefs. Some of your employees have the head or book knowledge required to be financially well but lack the behaviors and beliefs to make it a reality. Others lack the knowledge necessary to take action to create lasting financial health that is one pillar of a fulfilling life.   The term “wel ..read more

Investing is an important but intimidating topic especially to those with limited experience. Many of your employees know that they should be investing for their futures but have no idea where to start.  I recall a story a friend of mine once told me about his first brush with investment advice. Steve had just graduated from college and really wanted to buy a new car. While starting work at his new job, he was filling out all the forms (this was still in the paper-form era) when the Human Resources Manager asked him about his plans for retirement ..read more

Video by Brent Hines transcribed below. Hi there. I'm Brent Hines, Cofounder and Chief Development Officer for the educational nonprofit, Foundation for Financial Wellness. The Foundation is a 501(c)(3). We're headquartered here in the Denver, Colorado, area. We have been delivering our classes, our counseling, and our coaching literally across planet Earth for over ten years now. So you might ask, well, what is financial wellness, exactly? What does that mean? Financial wellness is not a financial product. It is not a financial service. Financial wellbeing is a journey literally through our ..read more

Video by Brent Hines transcribed below. Well, the reason for this conversation today is this set of programs that we are building and will be rolling out in the very near future that are intended for the needs of people living in retirement communities and their loved ones. From the start, the Foundation's purpose has been to improve life skills, and oh yeah, that includes money skills! As we said prior in our conversation that the six dimensions of wellness, there's no getting away from money. There's no getting away from- If we're talking about financial, wellbeing, that cannot live in a va ..read more