Episode 104 – Crack the Happiness Code with Set Point Theory

All the guys are back in this episode and exploring the Set Point Theory of happiness and its links to financial wellbeing. With the usual #tightasstommo money saving tips with a festive twist and genial waffle we have a lovely episode for you . . .

Welcomes & Introductions

• Want to work with Producer Tommo and a like minded team? Come and have a chat with Ovation
• Interested in reading Chris Budd’s books? They can be purchased here on Amazon.

What’s on Todays Podcast?

Exploring our relationship with money thorough Set Point Theory

We have spoken about this before in Episode 39 – Theories Of Happiness

Tight Ass Tommo

Featuring charitable donations, secret Santa’s, making gift’s double up and selling your parents vinyl records!

David is no longer writing scripts for long running TV series Doctors – leading to exploring the bereavement of loosing a sense of identity, a topic we spoke of in detail with the brilliant interview from Amy Florian in Episode 65

Set Point Theory

We reach adult life with a set level of happiness, and whilst we can move around this level we return back to the set level.

Agreement of definitions;

• Wellbeing = long-term
• Happy / Sad = short-term

We get used to the feelings of happy/sad and return back to our set point

To get back to our set point we often spend money – as we found out in Episode 64 The Financial Wellbeing Junkie

What can we do for that short-term hit and avoid emotional spending?

The link to financial planning and working on our relationship with money.

Short term spending can prevent long-term happiness.

Where does our set level of happiness come from?

• 50% is inherited
• 10% from our circumstances
• 40% from our intentional activity

This 40% is the part we can influence by understanding ourselves –

• what is a healthy relationship with our finances, so we can do more
• what is a bad relationship with our finances for us so we can work on improving

Tips on how to purposefully improving our intentional activity.

Conclusions From the Guys

Do you have any financial wellbeing questions you would like us to answer? Or do you have a #tightasstommo money saving tip you would like to share with our listeners?

If so, let us know by going to Twitter @Finwellbeing or email – contact@financialwell-being.co.uk