Colin Zizzi, CFP®, AIF®, CEPA®’s Post

As we look back at how we’ve matured over the years, how our tastes and interests have changed, and how what we see as important has shifted, it’s comforting to know that we’ve finally arrived at “who we are.” Not so fast! A study involving 19,000 people has uncovered that while we are pretty good at seeing how we’ve changed, we are terrible when it comes to predicting how we might change in the future. This is what’s been coined as the “end of history illusion”. While new tastes in food, music, or clothing may not drastically change the trajectory of your life, what about some more substantial possibilities:  • Have new kids or grandkids made you want to take a step back from work?  • Or maybe get a second home so that you can be closer to them?  • Has remote work made you want to relocate? Or #travel more? As your values and goals change over time, there will likely be financial aspects to consider:  • Can you afford to live on a reduced salary? Or none?  • What about the costs of a vacation house? Would you need to rent it out?  • Would you end up saving money by relocating? How much would these savings allow you to travel? A financial plan is not for telling you what you can and can’t do. It’s a tool to show you what steps you need to take to achieve what you value most. As those values change over time (yes, they will!), it’s important to regularly revisit your plan to see what adjustments need to be made. #financialplanning #personalfinance #wealthmanagement

**💼 When You Don’t Want to Go to Work but Need the Salary 💸** We’ve all been there—those days when you’d rather stay in bed, binge-watch your favorite series, or just do anything but work. Yet, reality hits, and the bills don’t pay themselves. Here’s how to navigate those tricky days when your motivation is low, but your need for that paycheck is high. 1. **Set Small, Achievable Goals 🎯** Break your day into manageable tasks. Accomplishing even small goals can boost your motivation. 2. **Remember Your Why 💭** Reflect on your financial goals—whether it's saving for a vacation, paying off debt, or building your dream future. This can reignite your drive. 3. **Incorporate Short Breaks ⏳** Allow yourself mini-breaks to recharge. A five-minute walk or a quick stretch can refresh your mind. 4. **Create a Reward System 🏆** Promise yourself a treat once you’ve completed your work—whether it’s a snack, a short nap, or some relaxation time. 5. **Find a Motivational Buddy 👯♂️** Connect with a coworker or friend who can encourage you to stay on track. Accountability can work wonders. 6. **Change Your Work Environment 🌱** If possible, switch up your workspace. A new setting can stimulate creativity and help you get into the zone. 7. **Focus on the Long-Term Benefits 📈** Visualize the long-term benefits of sticking it out. Every paycheck brings you one step closer to your financial goals. ### Hashtags: #WorkMotivation #PaycheckGoals #MondayBlues #StayFocused #HustleSmart #FinancialFreedom #DailyGrind

The holidays and end of the year can be a joyful time, but it can also be stressful. With financial stress on the rise, there are steps employers can take to help ease employee financial stress. These benefits and strategies can help. ▶️ Learn more: https://bit.ly/3ZW5WzO ◀️

Lost workdays due to financial worries cost UK employers £10.3 billion annually, a staggering rise from £6.2 billion just two years ago. Here’s 3 things you can do to tackle this. 💬 Open the dialogue: Foster a culture where financial stress is destigmatised, encouraging open discussions. You can offer resources like these to your employees to support them with starting the conversation: https://hubs.ly/Q02tCYRR0 💪 Choose a robust financial wellbeing offering: It's time to evolve financial support to include comprehensive financial education, debt management, and savings strategies tailored to different life stages. This support must be lead by qualified professionals, so the guidance given is accurate and safe. 🎓 Access to a qualified financial coach: Providing employees with access to professional financial guidance can help them make informed decisions about their finances, from debt management to retirement planning. At the end of the day, financial wellbeing is personal. Every situation is unique and requires a personalised approach. With the rising cost of financial stress on businesses, what proactive steps are you taking to foster financial wellness among employees? Would love to hear from you. #HRLeaders #FinancialWellbeing #StressAwarenessMonth #EmployeeBenefits

In a world full of temptations, are you struggling to balance your wants and needs? The consequences might surprise you. Personally, I’ve heard from HR or business owners that their staff would even leave their jobs for just a little bit more money. All this in hope it will solve their money problems. But does it really help? The real truth is, it’s not about how much you earn but how well you manage what you got. I've seen how important it is to balance what you earn with what you spend. I’ve helped companies take care of their employees’ financial and mental well-being through financial training focusing on money psychology. Let me tell you a story. There was an employee who decided to quit his job for another one that paid RM200 more. He thought that this extra money would fix his money worries. But soon, he realized that even with the extra cash, his financial problems didn’t go away. In fact, his stress got worse. Because of his stress levels, his medical bills and other health issues started to creep up on him. Living paycheck to paycheck, he barely can get by monthly without incurring credit card debt. Let alone afford a medical card. Instead of feeling better, he felt even more anxious and overwhelmed. Good employers understand that it’s not just about paying more money. It’s about helping employees manage their money and mental health. When employees are supported in these ways, they become happier, more focused, and better at their jobs. The lesson here is that more money doesn’t always mean less stress. Sometimes, what employees really need is support in managing their finances and mental health. Taking care of your employees’ well-being, both financially and mentally, is the key to a happier and more productive workplace. As HR professionals and business owners—what challenges have you faced in helping employees balance their finances and mental health? #paulineteohfinance #HR #mentalhealth #money

Lost workdays due to financial worries cost UK employers £10.3 billion annually, a staggering rise from £6.2 billion just two years ago. Here’s 3 things you can do to tackle this. 💬 Open the dialogue: Foster a culture where financial stress is destigmatised, encouraging open discussions. You can offer resources like these to your employees to support them with starting the conversation: https://hubs.ly/Q02sSgJG0 💪 Choose a robust financial wellbeing offering: It's time to evolve financial support to include comprehensive financial education, debt management, and savings strategies tailored to different life stages. This support must be lead by qualified professionals, so the guidance given is accurate and safe. 🎓 Access to a qualified financial coach: Providing employees with access to professional financial guidance can help them make informed decisions about their finances, from debt management to retirement planning. At the end of the day, financial wellbeing is personal. Every situation is unique and requires a personalised approach. With the rising cost of financial stress on businesses, what proactive steps are you taking to foster financial wellness among employees? Would love to hear from you. #HRLeaders #FinancialWellbeing #StressAwarenessMonth #EmployeeBenefits

Did you know that financial stress is now the leading cause of stress for Australians? 💳 💸 💲 Employment Hero’s 2024 Wellness at Work report found that 34% of respondents cited financial stress and the rising cost of living as their biggest cause of stress in the last three months, far outpacing other stressors like overwhelming professional workload (15%) and professional burnout (13%). As we begin tax season, do you know how well your employees are equipped to navigate the financial challenges ahead? At The Workshop Lab, we're offering tailored workshops designed to boost financial wellbeing. Our Financial Wellness: Personal Budgeting & Finance workshop provides practical strategies such as: 👉 The importance of financial wellness and the impact of financial stress 👉The four key pillars for achieving financial wellness 👉How to plan for the everyday, the unexpected and the future 👉How to audit spending habits 👉Tools, tips and strategies for managing money, including basic budgeting tools and techniques 👉The traps and roadblocks to financial wellness When employees manage their money better, it contributes to greater wellbeing, less stress, and higher retention rates. By fostering a culture of financial wellness and investing in their financial literacy, you're setting your organisation up for success. Limited spots available for July/ August - perfect timing for the new financial year! Contact us today at info@theworkshoplab.com to book your workshop or visit the link below to learn more. https://lnkd.in/gXji-Tp9 #FinancialWellness #WorkplaceTraining #EOFY #TaxSeason #EmployeeEmpowerment #BudgetingSkills

Bank Holidays are a much-loved tradition but while some businesses see them as an opportunity to tap into increased consumer spending, the Office for National Statistics estimates that each back holiday costs the UK economy £2.3 billion in lost productivity. So, are they worth it? Greater work-life balance, a chance to recharge and extra family time – you can’t put a price on that. #nobullagency #nobull #marketingagency #creativemarketing #marketingcomms #worklifebalance #bankholiday #bankholidaymonday #longweekend #employeewellbeing #employeewellness #employeewelfare

Amidst the rising tide of financial stress, the conventional fix of salary increases falls short. While tempting, raises alone don't always tackle the underlying issue. That's why fostering financial literacy is crucial. Explore the benefits of bringing financial education to your workplace and learn how to implement it… today. Author: Inès Maamcha #financialwellness #financialfreedom #financialpost #finmarie #financialliteracy #financialeducation

Big shoutout to our friends at Stride Health for their hot-off-the-press feature in Inc. Magazine! In their ongoing effort to illuminate the realities of independent workers, Stride’s latest study revealed that a majority of 1099ers are not planning to take summer time off due to increasing economic pressures. Faced with the trade-off between earning and relaxing, justifying vacation can be a tough call, even with the known mental and physical benefits it brings. That's where Stride comes into play—by providing cost savings on insurance and taxes, these workers can potentially fund a much-needed break. Check out our case study to dive deeper into the work we did together: https://lnkd.in/g2kmbCuk