Episode description

If you're looking to achieve long-term financial wellness, you need to make sure all four of its key components are in check! In this episode of Money Talk With Tiff, expert guest Steven M. Hughes discusses each one and provides helpful tips for getting on track. Don't miss it!

About Our Guest

Steven M. Hughes is a Financial Therapist, Reiki Master Teacher, and professional speaker who helps 1-on-1 clients and corporate teams move their finances--and lives--forward. He has served as a financial expert for Google, Airbnb, Tiffany & Co., and more to help audiences reduce their stress around money and achieve lasting financial wellness. Steven is also the founder of the non-profit Know Money®, which exists to help Black college students avoid financial pitfalls and build healthy money mindsets and behaviors.

Connect With Steven

Twitter: @knowmoneysteve

Instagram: @stevenmhughes

Facebook: knowmoneysteve

Key Takeaways

• Stephen M. Hughes and Tiffany discussed the four components of financial wellness: Awareness, Education, Action, and Mindfulness.
• Awareness is being in the right frame of mind to make conscious decisions about money.
• Education is a greater understanding of financial concepts beyond the basics, such as budgeting and savings. It includes more complex topics like insurance, estate planning, investment strategies, etc.
• Action involves taking steps to improve one's own financial situation through research or professional guidance; it is considered the most critical step in financial wellness by the speaker.
• Mindfulness is an understanding that our emotions are intertwined with money matters; it contributes to overall well-being and should be considered when making decisions about finances.