Episode 113 – Maslow, Money and Happiness

The Financial Wellbeing Podcast

Episode 113 – Maslow, Money and Happiness

We’re diving into Maslow’s famous hierarchy of needs – you know, the pyramid that breaks down what humans need to be happy, starting from food and shelter all the way up to self-actualization. But here’s the twist: we’re throwing money into the mix! Does having more cash help us climb the pyramid, or can it sometimes hold us back? We’ll explore each level and look at real-world examples of how finances play a role in finding happiness. Get ready for an insightful, practical, and fun conversation on how money fits into the bigger picture of living well. Along with some cracking Tightasstommo money saving tips you do not want to miss. . .

Welcomes & Introductions

Haven’t read Chris Budd’s Financial Wellbeing books? Take a look here

Want to have a chat with Tom Morris and the team at Ovation? Contact details here

Whats on Todays Podcast?

The psychological model of Maslow’s Hierarchy of Needs and how it connects with our money and happiness for a link with financial wellbeing.

Tight Ass Tommo

Featuring Chris’s scaffolders dodgy washing up tips and David’s new shopping habits.

Tip of the week – Producer Tommo has a money saving tip for kids lunches in the summer holiday, just in time for back to school!

The Main Event

Understanding Maslow’s Hierarchy of Needs
Breaking down Maslow’s model and its relevance today.

The Role of Money in Fulfilling Basic Needs
How finances impact our survival and safety.

Money and Self-Esteem: Striking the Right Balance
Can wealth boost self-worth, or does it sometimes get in the way?

Achieving Self-Actualization: Does Money Help?
Finding fulfillment and purpose—what role does financial security play?

Maslow’s Hierarchy: Is It Still Relevant?
A look at exceptions and updates to the original theory.

How Financial Planners Can Guide Wellbeing
The role of advisors in helping clients balance wealth and life satisfaction.

Universal Income and Basic Needs
A case study on how income support can improve lives and productivity.

Why Focusing on the Essentials First Matters for Happiness
How to decided the right financial and emotional needs for long-term wellbeing.

(cover image created by Dall E)