In episode 102 of “The JoyPowered® Workspace Podcast,” JoDee and Susan discuss financial health with USA Today columnist, author, radio host, and CEO Peter Dunn, AKA “Pete the Planner.”
The term “financial health” describes the state of one’s personal monetary affairs, including the amount of savings you have, how much you’re putting away for retirement, and how much of your income you’re spending on fixed or non-discretionary expenses. Financial health (or the lack thereof) can have a significant impact on the well-being and stress of your employees.
Peter Dunn, better known as Pete the Planner, calls in to help JoDee and Susan explore the topic of financial health. Pete describes three groups of Americans created by the COVID-19 pandemic and recession: those who have been greatly impacted financially, those who haven’t been impacted but don’t have financial stability, and those who haven’t been impacted and do have financial stability. Don’t confuse comfort and stability – stability means you can withstand trouble.
Many people’s finances have actually been affected positively as the impacts of COVID-19 have led to more savings and fewer expenses. Whatever the state of your finances, Pete encourages extending yourself grace; it’s okay to say that things are hard and to recognize this time as an emergency. He also suggests that it’s okay to press reset on who you are and how you live, even when times are hard.
In this episode’s listener question, a listener wonders whether it’s important to have reference checks for entry-level talent and graduating seniors. In the news, JoDee and Susan discuss an article encouraging readers to integrate positive habits developed during quarantine when returning to the office.
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