2 MIN READ
Anyone else feeling like there’s just too much to tackle these days?
With the ripples of the pandemic, social upheaval, and inflation continuing to rock our daily life, and the lives of clients, it's a prime time to re:imagine and re:define the way you support wealth and well-being in your work.
Sarah Newcomb, Ph.D., the final keynote at #XYPNLIVE 2022, is a behavioral economist who serves as the Director of Financial Psychology at Morningstar and authors a new weekly column, Human Capital: Exploring the Intersection of Psychology and Finance. An interdisciplinary scholar, Sarah has expertise in consumer psychology, economic decision-making, personal money management, and cognitive and social psychology.
Sarah is driven by a desire to help others to tap into an empowering mindset, dream big, and then employ their resources in pursuit of a life they will love. She became a financial psychologist after discovering that her own issues with money had nothing to do with numbers and everything to do with the attitudes and beliefs she held about money itself. Now, her goal is to teach people how to use money well so they can live their best life—even well before they reach their long-term financial goals.
Sound familiar? At XYPN, we’re all about helping advisors, and their clients, live their great lives, and Sarah is excited to share frameworks and strategies to help you do that in the uncertainties of our current environment.
Financial Health, Wealth, and Well-Being
One side effect of crisis is that we re-evaluate our well-being. From the workplace and finances to personal priorities and relationships, over the last two years, that reevaluation has happened on many different fronts. As financial advisors, you are on the front lines, helping clients build financial well-being in the face of great uncertainty.
In March of this year, the new CFP® Knowledge Domain, Psychology of Financial Planning, was officially added to the CFP® exam, formally recognizing that an understanding of human behavior and psychology are inextricably linked to providing good financial advice. Sarah captured this connection beautifully in a recent column on wealth and well-being, “Financial well-being is not only about numbers. It’s also about the stories we tell ourselves because of those numbers.”
In this keynote, Sarah will share insights from her 2021 research into the multidimensional nature of financial health. Financial health has at least two dimensions: economic stability and psychological well-being. Whether your clients fit into the worried wealthy (who have wealth without well-being) or the carefree (who have well-being without stability), neither are considered to be in good financial health.
As we re:imagine our future, Sarah believes we drive change by making the complex simple, and teaching people to see things differently. Once we change our thoughts, our behaviors automatically change. She’ll outline the habits of mind that contribute to good or ill health, and share ways to work with clients to improve the mental habits that may be unconsciously sabotaging their financial well-being.
You won't want to miss this one, so grab your pass for #XYPNLIVE 2022 here.
Learn more about Sarah Newcomb:
LinkedIn | Twitter | Morningstar
Loaded: Money, Psychology, and How to Get Ahead without Leaving Your Values Behind
About Kori Lennon
Kori Lennon is XYPN's Managing Director of Business Solutions. She loves working alongside her dynamic team to support XYPN members with the solutions they need as they make the entrepreneurial leap. Kori thinks working with good people who care about what they do and want to make life better for others is pretty awesome—and she's not wrong! Her favorite things to do in her free time are cooking and eating, making her a gardener and traveler who plans trips around the food. Kori also loves hiking and spending time with her Cocker Spaniel/King Charles Cavalier mutt, affectionately called Toad.