Archive for the 'Financial Education' Category

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The Data Invasion and Financial Health

Seems like a repeat question that keeps coming up in my financial wellness sessions is, “what was different about the Great Depression than what we are experiencing now?” How about for a start…communication and data!

On January 27th, 1927, two years before the US economy fell off a cliff, inventor Philo T. Farnsworth applied for a patent that is now considered the official birth date of the television. Because this medium was still in its infancy in 1929, radio and newspapers were the only tools with the ability to reach the masses. But as we know, all of these mediums are only good for moving information one way.

Facing the Fear Factor

In all my years of being hanging around with professionals that consider themselves to be financial experts, I’ve never found anyone who could provide a logical explanation for how and why markets move in one direction or another? But it seems that either a general climate of confidence or fear are certainly leading indicators.

For example, it is interesting that the markets pay close attention to a concept that is anything but logical or analytical. It’s called “consumer confidence.” Webster’s dictionary tells us that confidence is “a state of confident hopefulness that events will be favorable.”

GuideSpark’s Financial Wellness blog

GuideSpark has created the Financial Wellness blog to focus on the current financial issues and trends affecting today’s employees, corporations and organizations. This blog will not only provide thoughts and ideas for improving an individual’s financial well-being, but will also cover important topics for Human Resource professionals who are tasked with improving the overall wellness and productivity of employees.

In the past, corporations and organizations have primarily focused on health and mental wellness, but there has been an increasing trend to address employee financial wellness, which can be a major cause of productivity loss, stress and health issues. The move toward improving employee financial wellness is even more critical in today’s difficult economy.

Welcome to GuideSpark’s Financial Wellness Blog

Over the past 10 months we’ve been hard at work building out our new online learning service, so it’s great to publicly launch our new offering – a corporate solution for financial education and wellness. When we started the company earlier this year we didn’t realize how bad the economic situation would get, but our solution definitely comes at a time when financial issues and worries are top of mind for most US workers. We hope our solution provides people with the information and tools to put themselves on a solid financial path.