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On our latest episode of The Inner Edison Podcast, we spoke to George Grombacher.
He is a sought-after financial advisor and financial wellness expert. In 2019, he earned a spot on Investopedia’s Top 100 Financial Advisors List.
George helps individuals and companies succeed by teaching financial wellness strategies.
His mission is to repair the broken practices of financial advising. He believes financial advisors have a duty to educate the public. That’s why he educates his clients on how to invest using trusted strategies.
During our conversation, he spoke about a term called the self-determination theory.
George explained the three key aspects and how it applies to his business model. Here are some insights we learned during the podcast.
Competency
In order for people to have a stake in their financial future, they need to feel competent. George argues that the current role of financial advising isn’t designed for that. Rather, it’s designed to sell financial products.
He doesn’t blame the big financial institutions. Rather, he sees it as a hole in the traditional financial advisor role.
George adds that what’s lacking is education. People need to understand their investments to have real financial wellness. It is this philosophy that is at the core of what George teaches.
He helps businesses and their employees master the concepts of financial wellness. People learn financial wellness strategies through his platform Money Alignment Academy.
After people learn the skills of financial wellness, they then apply them to their life.
Autonomy
Once a person has taken a course within Money Alignment Academy, they must then apply it. During this stage of the process, the client may go back to the resources for guidance. Nonetheless, they’ll work through solving the problem on their own.
That helps establish autonomy. Some clients may be working on getting out of debt. Others may be learning to save and invest their money.
Once students use the concepts from the course, they build autonomy. It’s a crucial step towards learning to problem-solve and build on their knowledge.
Community
The last phase is community. It’s where clients can problem-solve together and keep each other accountable. When clients come out of one of our core programs, they already have something in common. That helps to build a community.
That helps people open up and learn from one another. They can lean on each other for guidance and offer tips and tricks that they have learned.
It expands their competency and autonomy to a level of interdependence. Instead of having one mind to figure out a solution, there might be ten or twenty.
What Is Money Alignment Academy
Money Alignment Academy is a collection of on-demand online courses. It also offers community resources on financial wellness.
People can log in and take a course at their own pace. Businesses can also use community resources. Companies use resources to help educate their employees on financial wellness.
To enhance the community, he offers office hours for questions. Additionally, he holds monthly live webinars. He also runs special promotions throughout the year.
Are You Ready to Level Up Your Financial Wellness?
Are you struggling to maintain a budget? Perplexed about saving for retirement or getting out of debt? Money Alignment Academy can help change your financial future.
Our collection of online courses and community engagement will move you from clueless to clued-in in no time.
For more information, please head over to Money Alignment Academy.
Looking for more great content on business, entrepreneurship, and more? Head over to The Inner Edison Podcast on Audible. We’re always interviewing fascinating figures who have interesting information to share.
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