Why money stress is a big worry

Author: Vanessa Stoykov
Category: Financial Freedom

It’s been a fantastic break and I’m happy to be in the saddle and kicking off the year. While January is not a break from the demands of everyday life, it is a much needed reset for us all. It was lovely to see less traffic, less busy and the joys of summer living.

There has been a lot of planning going on here at EMG HQ, and when you have someone like Lou Johnson running the company, the momentum doubles. Kicking off with the launch of our new financial wellbeing program for financial services companies and employers, we will have significant announcements in the coming months as our vision of inspiring millions of people that they can improve their financial wellbeing comes to life.

It seems our work has never been more needed. Cost of living pressures continue to bite, and I know collective anxiety is rising on how we are going to manage. More than 3 million Australians have cited they are in financial stress* and that number is only growing.

Which is where I come in.

More than ever it is time to come together and empower people to understand what financial wellness is, and how they can progress on their own journey.

I know firsthand the pressures of raising a family (we have three kids), running a business, (done that for 24 years) and maintaining a relationship (been together 19 years). I have also had my fair share of financial challenges and understand the mental strain and despair that can bring. I understand all too well the stress money can bring, and believe wholeheartedly that anyone can improve their financial position by learning valuable money concepts and skills.

These skills all start with important conversations about money. Whether that be with yourself to really think about where you are in life, to vital conversations with your family, work and friends. There is no shame in having money pressures. What we need is open dialogue on money and access to the tools and knowledge to improve financial wellbeing.

This year we will be working with leading super funds, employers and organisations who are committed to the financial wellbeing of their people. We are creating a group of well respected leaders from the finance industry to help solve the problems we face. Named the Nationbuilders Collective, we will be collaborating on leading edge content to spark financial empowerment across a number of categories, including providing access to content for financial advisers.

There are a variety of ways we roll our programs out, and you can read more about our updated services here. Whether it is coming into the workplace, or providing customised content for particular industries, we believe our methodology and approach will provide the spark for people to start on the path to financial empowerment.

More than ever it is time to come together and empower people to understand what financial wellness is, and how they can progress on their own journey. I look forward to meeting many of you out in the field this year, and will be sharing many of those important conversations on my social channels, so follow along and see what others are doing to improve their financial lives.

May we all become financially empowered in 2023 and beyond.

Until next time

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Each day I wake up excited to inspire everyday people to open up and take control of their money, regardless of their history, goals, or savings amount. About Vanessa >>

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Authors

Vanessa Stoykov

Vanessa has been passionate about writing and storytelling since her days of hiding under the doona with her torch to read after bedtime.
Kathy Skantzos

Kathy is a yoga-loving world traveller who also happens to moonlight as a business journalist and writer. She was the finance editor of news.com.au and the Managing Editor of CEO Magazine (Asia) before joining Vanessa and the evo squad.
Shayne Sommer

Shayne is second dan black belt in karate, and a budding romance writer with a difference. Why? Because she writes romance stories that always have a money lesson.
Antoinette Colbran

Specialising in stories for 50+ women, Antoinette draws from her own experiences to help other women avoid the pitfalls and see the benefits of understanding their money situation.
Michael Crooks

Michael Crooks is a more than 20 year writer and documentary maker who has worked with Time Inc and the BBC, who wants to expose the truth from real victims of financial crime to help others avoid their mistakes.
Kim Payne

Kim Payne has spent the past three decades as a speaker, trainer, business coach, and consultant in financial services. She has worked with and transformed hundreds of brilliant, educated, high achievers who are chronically under-living.
Rebecca Pritchard

Rebecca Pritchard is on a mission to help men and women achieve equality when growing a family.
Antony Perring

Ant is a writer, designer and business builder with a love of food, design and good living. He writes on food and money in an easy to do way.
Julie Hyde

Julie Hyde is a leader of leaders. A disruptor and a powerful people enabler who empowers leaders to make big things happen.
Joshua Pennell

As a Dad to four kids and a business owner, Josh is passionate about family and finances and is known as The Family Finance Guy.
Sid Lal

Sid is a serial entrepreneur who set up his first business when he was still in University. Since 2009 he has been heading Bruce Clay, first in India & more recently in Australia.
Lou Johnson

Lou Johnson believes in the power of sharing stories to build empathy, understanding and connection. Growing up surrounded by books and storytelling, alongside her drive to make a difference led her to a highly successful career in book publishing.
David Rae

Dave is a CERTIFIED FINANCIAL PLANNER® professional and has been a financial adviser since 2003. He works with a range of clients and has a strong focus on ethical and sustainable investing.
Natallia Smith

Natallia specializes in assisting pre-retiree single women—whether they are never married, widowed, separated, or divorced—understanding deeply the importance of financial stability during life's pivotal moments such as separation, divorce, retirement, and the loss of a loved one.
Mark Hoy

With over 15 years of experience in financial services, Mark established Wollemi Wealth Management in 2013. His business is built almost entirely on referrals and word of mouth — a testament to the trust, integrity, and long-term relationships he forms with his clients.
Derek Gascoigne

Derek Gascoigne is the State Manager for UniSuper Advice in Victoria and Tasmania. Derek has been with UniSuper for over 15 years, and his career in superannuation and financial services spans 27 years and counting.
Annika Bradley

Annika Bradley is Head of Advice Strategy, Research & Technical at UniSuper. She brings over 20 years of experience across investments and wealth management in both the public and private sectors.
Wayne Leggett

Wayne has been a recipient of numerous industry awards and was one of the first to qualify as a Certified Financial Planner (CFP). He has been heavily involved in industry affairs at the highest level, including serving as national president of the Association of Financial Advisers (now FAAA).
Conrad Francis

Conrad Francis is the Founding Director of Inspired Money, a Perth-based financial coaching and financial planning, mortgage broking and money coaching firm he established in 2011.
Andrew Beks

Andrew Beks is a Chartered Accountant and the founder of Simplified Business and Accounting.