Giving for Your Wellbeing

This episode is all about convincing you that giving to others will make you happy – the wellbeing behind philanthropy! We want to hear your thoughts on the No Shizzle Sherlock topic and as ever, #TightAssTommo has some questionable money saving tips to help you beat the cost of living crisis.

Welcomes & Introductions

Featuring a bad bout of hay fever, a happy westie called Luna who did something fishy and Tom – would like to remind all listeners of his golfing success – again!

What is todays podcast all about?

Taking a look at philanthropy – that giving is not just for the super rich, we can all do something. Giving is good for you, and the guys explain how it can lead to better overall wellbeing.

The No Shizzle Sherlock Test

Every episode they guys will take a look at a questionable financial tip – will it be insightful and meaningful advice, or from the land of the bleeding obvious!

This time the spotlight is on Elon Musk –

I thought to myself, what are some of the other problems that are likely to most effect the future of humanity? I invested not from the perspective of what’s the best way to make money.

Elon Musk

Dear listeners – what are your thoughts on this one? Does it sound like good advice, a No Shizzle Sherlock/Obvious. Or is this a A Load of Shizzle Sherlock/Terrible. What problems do you think Elon should invest in next? Follow the link and let us know on Twitter – @finwellbeing

#TightAssTommo

• Try misspelling item wanted on auction sites like Ebay – you can find cheap items, especially electricals, with no other bidders
• With the cost of living crisis and high inflation – extend the 5 second rule to 10 seconds! (from Tammy)

Todays Topic –

A surprising look at how much the ultra-high net-worth people give to charity each year?

Producer Tommo’s bountiful homework on giving trends – from how much is donated to who has been donating. Buckle up, he has a lot of stats for you!

Considering why people don’t give to charity?

Alternatively what are some good reasons to give to charity?

Exploring the three principles of giving to enhance our wellbeing –

• planned giving
• personal connection
• see the impact

Have a read of two great articles from Kim Bendall on the Initiative for Financial Wellbeing website:

The Butterfly Effect – pt1 | The Butterfly Effect – pt2

Click here for further information about the IFW

Book link – The Book of Joy (a firm favourite of Chris’ and well worth a read as you delve deeper into Financial Wellbeing and wellbeing in general)

Conclusions from the guys

Want to know more about philanthropy and what giving might mean for you? Ideas to help you consider where you might want to go next;

• Talk to your financial planner about building a philanthropy plan into your cashflow forecast (make sure you have the right financial planner for you)
• Book link – Giving is Good For You, why Britain should be bothered and give more – John Nickson

If you would like to purchase a copy of The Financial Wellbeing Book please click on this link to visit Penny Brohn UK shop

If you would like to get in touch with Ovation, click here to visit the website email enquiries@ovationfinance.co.uk or call on 0117 942 4333

Do you have any financial wellbeing questions you would like us to answer? Or do you have a #tightasstommo tongue-in-cheek money saving tip you would like to share with our listeners?

If so, we want to hear from you – let us know by going to Twitter @Finwellbeing or email – contact@financialwell-being.co.uk

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