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Financial Wellness Use of a Financial Coach | Mark A. LoGiudice | TEDxWilmingtonSalon


three hundred billion dollars I’ll say

three hundred billion dollars I’ll say that again over here

that again over here

that again over here in here 300 billion dollars no that’s

in here 300 billion dollars no that’s

in here 300 billion dollars no that’s not what agitprop me to do the talk

not what agitprop me to do the talk

not what agitprop me to do the talk it’s the estimated annual loss to US

it’s the estimated annual loss to US

it’s the estimated annual loss to US companies because of stress

companies because of stress

companies because of stress we’re gonna talk about that stress today

we’re gonna talk about that stress today

we’re gonna talk about that stress today and we’re gonna talk about financial

and we’re gonna talk about financial

and we’re gonna talk about financial stress being a big part of it we’re

stress being a big part of it we’re

stress being a big part of it we’re stressed out we’ve come from typewriters

stressed out we’ve come from typewriters

stressed out we’ve come from typewriters phones on the wall the u.s. mail is

phones on the wall the u.s. mail is

phones on the wall the u.s. mail is anybody with me on that we’ve gone to

anybody with me on that we’ve gone to

anybody with me on that we’ve gone to faxes overnight delivery email where are

faxes overnight delivery email where are

faxes overnight delivery email where are we now we read I am in texting and

we now we read I am in texting and

we now we read I am in texting and selfies and there’s probably drones

selfies and there’s probably drones

selfies and there’s probably drones watching us do this we’re stressed out

watching us do this we’re stressed out

watching us do this we’re stressed out but I’m living the American dream

but I’m living the American dream

but I’m living the American dream come on we’re all living the dream

come on we’re all living the dream

come on we’re all living the dream houses cars kids vacations there’s a

houses cars kids vacations there’s a

houses cars kids vacations there’s a downside mortgages car loans daycare

downside mortgages car loans daycare

downside mortgages car loans daycare expenses high credit card bills that’s

expenses high credit card bills that’s

expenses high credit card bills that’s the financial stress that we’ve got to

the financial stress that we’ve got to

the financial stress that we’ve got to be careful about I represent a large

be careful about I represent a large

be careful about I represent a large healthcare provider we employ a lot of

healthcare provider we employ a lot of

healthcare provider we employ a lot of nurses so I want to tell a story I’m

nurses so I want to tell a story I’m

nurses so I want to tell a story I’m gonna tell you this story about one of

gonna tell you this story about one of

gonna tell you this story about one of our nurses she’s me she’s you she’s all

our nurses she’s me she’s you she’s all

our nurses she’s me she’s you she’s all of us Nancy nurse Nancy nurse is living

of us Nancy nurse Nancy nurse is living

of us Nancy nurse Nancy nurse is living the dream she’s got a mortgage she’s got

the dream she’s got a mortgage she’s got

the dream she’s got a mortgage she’s got daycare expenses

daycare expenses

daycare expenses she’s got heavy credit card debt and

she’s got heavy credit card debt and

she’s got heavy credit card debt and she’s got car loans and she fights it

she’s got car loans and she fights it

she’s got car loans and she fights it with her husband about money every day

with her husband about money every day

with her husband about money every day and it’s not getting any better

and it’s not getting any better

and it’s not getting any better she is so stressed out and her day

she is so stressed out and her day

she is so stressed out and her day hasn’t even started yet Nancy gets in

hasn’t even started yet Nancy gets in

hasn’t even started yet Nancy gets in her car

her car

her car and she drives to work and of course she

and she drives to work and of course she

and she drives to work and of course she shows up with a great big smile on her

shows up with a great big smile on her

shows up with a great big smile on her face now no not at all she’s rather

face now no not at all she’s rather

face now no not at all she’s rather emotionless expressionless and she goes

emotionless expressionless and she goes

emotionless expressionless and she goes about her job now that financial stress

about her job now that financial stress

about her job now that financial stress affects

affects

affects her performance her co-workers it

her performance her co-workers it

her performance her co-workers it affects how she treats the patients our

affects how she treats the patients our

affects how she treats the patients our patients our customers our business

patients our customers our business

patients our customers our business we’re too stressed out and we need

we’re too stressed out and we need

we’re too stressed out and we need something to do

something to do

something to do our people are wrecking themselves over

our people are wrecking themselves over

our people are wrecking themselves over the stress and it’s just piling on with

the stress and it’s just piling on with

the stress and it’s just piling on with the speed of life going crazy so

the speed of life going crazy so

the speed of life going crazy so something had to be done and we needed

something had to be done and we needed

something had to be done and we needed to find something fast we found it

to find something fast we found it

to find something fast we found it they found a program through the United

they found a program through the United

they found a program through the United Way in the state of Delaware stand by me

Way in the state of Delaware stand by me

Way in the state of Delaware stand by me stand by me offered us financial

stand by me offered us financial

stand by me offered us financial resources for our employees to use it

resources for our employees to use it

resources for our employees to use it offered us a coach more importantly to

offered us a coach more importantly to

offered us a coach more importantly to walk people through those resources and

walk people through those resources and

walk people through those resources and help them with the tools so we brought

help them with the tools so we brought

help them with the tools so we brought the coach on board we promoted them

the coach on board we promoted them

the coach on board we promoted them through our company magazine we put him

through our company magazine we put him

through our company magazine we put him in all of our benefits information we

in all of our benefits information we

in all of our benefits information we pushed him through all of our wellness

pushed him through all of our wellness

pushed him through all of our wellness outlets and we gave him some space we

outlets and we gave him some space we

outlets and we gave him some space we gave him a telephone number we gave him

gave him a telephone number we gave him

gave him a telephone number we gave him an email and we put him out there for

an email and we put him out there for

an email and we put him out there for all the employees to see and use you can

all the employees to see and use you can

all the employees to see and use you can imagine now how worried Nancy is what if

imagine now how worried Nancy is what if

imagine now how worried Nancy is what if my co-workers know what kind of

my co-workers know what kind of

my co-workers know what kind of financial difficulties I’m having she

financial difficulties I’m having she

financial difficulties I’m having she was embarrassed ashamed she was

was embarrassed ashamed she was

was embarrassed ashamed she was suffering in silence finally she took

suffering in silence finally she took

suffering in silence finally she took the step she took the step because there

the step she took the step because there

the step she took the step because there was a group meeting a group meeting that

was a group meeting a group meeting that

was a group meeting a group meeting that was going to talk about budget planning

was going to talk about budget planning

was going to talk about budget planning she went and she sat and she gathered

she went and she sat and she gathered

she went and she sat and she gathered some good information and she met the

some good information and she met the

some good information and she met the financial coach and then she decided to

financial coach and then she decided to

financial coach and then she decided to make that confidential individual

make that confidential individual

make that confidential individual appointment with that coach well it was

appointment with that coach well it was

appointment with that coach well it was during that time that the coach was able

during that time that the coach was able

during that time that the coach was able to work with her on her debt was able to

to work with her on her debt was able to

to work with her on her debt was able to sit down and talk about setting a budget

sit down and talk about setting a budget

sit down and talk about setting a budget living within your means

living within your means

living within your means refinancing loans right and working debt

refinancing loans right and working debt

refinancing loans right and working debt down he was also able to speak to her

down he was also able to speak to her

down he was also able to speak to her about some of our benefits at the

about some of our benefits at the

about some of our benefits at the company you know talk about how to maybe

company you know talk about how to maybe

company you know talk about how to maybe save on taxes for daycare through a

save on taxes for daycare through a

save on taxes for daycare through a benefit at the employer

benefit at the employer

benefit at the employer talk about our retirement plans and

talk about our retirement plans and

talk about our retirement plans and saving for the future and she was helped

saving for the future and she was helped

saving for the future and she was helped and she attended these meetings and it

and she attended these meetings and it

and she attended these meetings and it didn’t take that long and the results

didn’t take that long and the results

didn’t take that long and the results were there and she started to feel very

were there and she started to feel very

were there and she started to feel very well

well

well wellness is very important to all of us

wellness is very important to all of us

wellness is very important to all of us wellness is very important to the mind

wellness is very important to the mind

wellness is very important to the mind the body the spirit financial wellness

the body the spirit financial wellness

the body the spirit financial wellness is equally important and we’ve got

is equally important and we’ve got

is equally important and we’ve got walking trails

walking trails

walking trails I’ve got fitness centers I’ve got

I’ve got fitness centers I’ve got

I’ve got fitness centers I’ve got websites that track everything that you

websites that track everything that you

websites that track everything that you do

do

do I’ve got programs to teach you how to

I’ve got programs to teach you how to

I’ve got programs to teach you how to live with diabetes control cholesterol

live with diabetes control cholesterol

live with diabetes control cholesterol maintain weight and eat a proper diet we

maintain weight and eat a proper diet we

maintain weight and eat a proper diet we needed a program for the financial

needed a program for the financial

needed a program for the financial wellness and that’s what the coach gave

wellness and that’s what the coach gave

wellness and that’s what the coach gave us with these resources Nancy no longer

us with these resources Nancy no longer

us with these resources Nancy no longer fights with her husband every day well

fights with her husband every day well

fights with her husband every day well about money you know but you know she

about money you know but you know she

about money you know but you know she she yes she did get back on track and

she yes she did get back on track and

she yes she did get back on track and that’s good and our employees are all

that’s good and our employees are all

that’s good and our employees are all getting back on track so to close it out

getting back on track so to close it out

getting back on track so to close it out with the story Nancy now gets in her car

with the story Nancy now gets in her car

with the story Nancy now gets in her car she does drive to work and you know what

she does drive to work and you know what

she does drive to work and you know what she shows up with a smile on her face

she shows up with a smile on her face

she shows up with a smile on her face and that smile affects her performance

and that smile affects her performance

and that smile affects her performance and it affects her coworkers and it

and it affects her coworkers and it

and it affects her coworkers and it affects the way she treats the patients

affects the way she treats the patients

affects the way she treats the patients our patients our customers our business

”

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