Advice Amplified Podcast with Pete Ridlington - Guest: Cameron Waldron on Evidence-Based Advice and Financial Wellbeing

Release Date: 06/02/2024|Season: 1|Episode: 11

Cameron Waldron

Evidence-Based Advice: The Science Supporting Financial Wellbeing: Cameron Waldron

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Delve into the intersection of science, research, and financial wellbeing with Cameron, owner of New England Financial Solutions. With his rich background in psychology and finance, he offers a unique perspective on how empirical evidence and scientific methodologies can transform our approach to financial advice. Drawing from his extensive research and practical experience, he shares insights into effectively providing financial wellbeing. Join us as Cameron Waldron unravels the complexities of financial advice, education and wellbeing through a critical lens.

In this episode, Cameron and Pete discuss:

  • 00:00 Introducing Cameron Waldron
  • 01:32 Financial wellbeing definitions
  • 03:37 The Financial Wellbeing Lab
  • 08:38 Building conversations • Emergency funds
  • 11:42 Financial skills vs financial literacy
  • 15:08 The advice gap doesn’t exist
  • 18:30 Different needs of urban and rural communities
  • 26:53 Intergenerational wealth transfer
  • 31:25 Misuses of science in the financial industry
  • 39:19 Critically evaluating research • Books are useless