Your financial wellbeing matters with Wealth Health Co

Nurse & Midwife Support Podcast

https://www.nmsupport.org.au/news/podcast-your-financial-wellbeing-matters In 2022 Beyond Blue released research showing that financial challenges and mental health problems are common issues that frequently go hand-in-hand. Find out more in the report: Money and Mental Health. There is substantial evidence that financial wellbeing and mental health are linked. Analysis of HILDA data shows 14% of Australian adults experienced both financial hardship and mental health symptoms at any time over the five years from 2014 to 2019. Recent economic disruption such as rising rent, interest rates and cost of living has led to many Australians feeling increasing levels of financial stress and elevated risk to mental health. At Nurse & Midwife Support, we’re committed to supporting your health and wellbeing, but we’re not financial experts and providing financial support is not our core business. However, we often hear from nurses, midwives and students who are experiencing financial anxiety. When a registered midwife, Sophie, reached out to let us know about her journey to improve her financial wellbeing, we saw an opportunity to invite her and her financial coaching team onto the podcast to discuss financial management for healthcare workers such as nurses and midwives. Sophie was able to turn her financial wellbeing around by seeking the financial advice of experts, and wanted to share what she has learned with our listeners. Sophie and Wealth Health Co’s Ben and Steve share practical information about what to consider when you are planning your financial future, why it’s important to have goals, a plan and active engagement in pursuing financial wellbeing. We also discuss what to do if you experience financial difficulties. Ben has also written two blogs to support your financial wellbeing: > A financial advisor’s tips to support your financial wellbeing at any life stage https://www.nmsupport.org.au/news/financial-advisor-tips > Your financial wellbeing matters: 4 tips to build a financial foundation https://www.nmsupport.org.au/news/tips-build-financial-foundation It may be that you are already an exceptional manager of your finances and have some tips to share with fellow nurses and midwives. We would love to hear from you. Email us at [email protected]. We hope this podcast and blogs are useful. We know your financial wellbeing matters. If your mental health has been affected by your financial situation, please reach out to Nurse & Midwife Support. Call us 24/7 on 1800 667 877 or email us.