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Saving with Steve, November 28, 2023

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Saving with Steve
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With Guest Natasha Bowman

Saving With Steve with Steve Sexton

With Guest, Natasha Bowman

Episode 157: The Workplace Doctor

Saving with Steve

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The Save With Steve Show, hosted by Steve Sexton will help you with ins and outs of money. We talk about financial issues that that could be costing you thousands of dollars and keeping you up at night.

We talk about “money”… tax reduction, saving more, how to spending less and get more, 401k’s, risk management, retirement, and everything under the sun that relates to you having a healthier happier relationship with money.

Weekly Show
Schedule Station
BBS Station 1
Schedule Broadcast Day
6:00 pm CT
6:55 pm CT
Show Transcript (automatic text 90% accurate)

everyone has their own unique views and needs when it comes to financial success if you'd like to leave your financial woes behind and live a life of Financial Freedom you've come to the right place welcome to the saving with Steve show hosted by Steve Sexton the show will help you with the ins and outs of money we talked about financial issues that could be costing you thousands of dollars and keeping you up at night we talked about money tax reduction saving more spending less 401K risk management retirement and everything under the sun that relates to you having a healthier happy relationship with money now here is your host of saving with Steve Steve Sexton blow welcome to the saving with Steve show we talk about the ins-and-outs of money pretty much everything clearly see you having a healthier happy relationship with money my name is Steve Saxon want to thank you for joining us today we're thankful for everybody here and we've exceeded over 600,000 listeners we just<br> she did another 50,000 listeners oversee to the show's expanding and we want to thank you for that many of the people emailed in today about a couple of our guests were thankful for that so if you have an idea you'd like to hear about something go to Muir at saving with Steve. USS viewer is saving with Steve. You owe us and let us know what you like to hear about what subjects would like to talk about today I can be talking about how to protect your money from inflation and next up you know what we're talking to their workplace doctor she 41% of the global Workforce is likely consider leaving their current employer within the next year because of the pandemic how and why America's work has completely changed his employees are now in search of a more flexible and happiness from their job, and his organizational framework no longer caps of the complex Dynamics in this new organization companies need to develop new approaches to maximize the potential as well as their other employees the wrist<br> whether you're a middle manager and executive a senior manager of a small business you work with people at church you want to stick around for this we have Natasha Bowman she doesn't work place Dr 20 years of Consulting experience for a performance renew she's worked to remodel America from the inside out I want to thank you for joining us today let me introduce you to the Tasha by walking to the show on a thank you for being here again we have the workplace dr. Joshua Blum and thanks again for being here thank you so much for having me had 20 years experience through your call Performance renew and you focus on companies where your reworking the workplace inside out now I always like to know how did you get started that business because you know that's a tough one to read work of culture from the inside out<br> early in my career you know what I don't want to be on the dark side of misconduct in the word play it's after if you know someone I would read through all of these kind of things with their bosses their culture you know to a point where now we're in court and I'm like I don't want to be these people here I want to see these people before this Behavior get started so that people can just come to work be able to be performed your values your respect that you know so they can engage and Thrive and so that's why I go with Dad in two organizations and you know identify the blind spots in the organization with people Brothers processing systems so that people can just come to work and just be positive and happy and Gage and thriving wonderful one of the big things that we're seeing is a lot of people are deciding I don't want to work here anymore I want to move off don't lie<br> my boss don't like this the mental state is not what it used to be what is the big Dynamic that is changed with the the pandemic and what are the crucial elements that people need to understand where they're working there in management leadership of the new hate to say this but it is a modern workplace now it stays so we help us understand that a lot of things especially employees in the workplace because he's essentially as you know almost 2 years ago you know we were on the drop of a dime pool for my physical workplaces into our homes and have been there for quite some time and do you know really was an epiphany moment for many people many people didn't even realize they were working and in such toxic work environment until they have the opportunity to be absent from them and they're like oh what's this feeling all of a sudden my mental health is better I'm spending more time with my family I have.<br> how to do some of the things that I enjoyed that I forgot that I enjoyed maybe I'm cooking more because I don't have my commute anymore or maybe I'm pursuing I have time now to pursue along with working full-time my entrepreneurship you know dreams and aspirations that I had so when employers started calling people back into the workplace last late last year what we saw people saying was thanks but no thanks you know they have enjoyed that kind of mental Clarity that they've had they'd enjoy the reconnecting with your family they're friends even if it's over doing right there really enjoying that and so they are essentially putting their Mental Health First for so long you know we have been taught especially in the United States to be very career-driven and we put our careers and profession before anything else in our lives and now we're seeing that kind of reverse<br> play my family first can you still have a career but it's not going to look like it did free pandemic and endemic she made that shift and she's looking to go back to school she wants to be a museum curator which is a a big shift in and she's just she's just like yeah I don't want that crazy grind that goes along with that anymore so you don't think that so many times do a one of these are we talking about that culture and I think impacting employees a lot of organizations never took the time to pause and determine our Define will what is our culture what do we need to do so that employees can, they can stay for a long time are they feel committed that you're loyal and what we have seen in the past year or so of orcas organizations only taking the time to do that to Define<br> their culture is defined what is an inclusive culture meaning that everyone can come to work and fill that sense of belonging sense of value when they get here what does it mean to develop employee so they're really what we have Reeses just a point of Reckoning we are organizations are going through because they just never paused to do that and like you said they were turning employees like robots like okay you're indispensable you're replaceable your dispensable sorry you're replaceable and that was kind of that mentality but what the grit what we are in now which is called the Great resignation that me know so many people leaving the workplace November record high number of people that left and we haven't even gotten the numbers for December and January so what we are what that has done as essentially you know guide organizations attention we need to pause right because now we got all of these open positions so that<br> take me to hold on to the people that we have we got to figure out where our retention efforts and then we've got to figure out how to get people to come back to work how do we re brand ourselves you know how do we reset our reputation and that Colter so that people will come back and they'll stay success coach is just flat out saying you know what there's a lot of people leaving because I have bad leadership and you know what what are Gorgon is what can organizations do to you know it's obvious you don't want to start Alex tressia the middle or senior-level but what can organizations do to redevelop those individuals so they could be better leaders more inspiring that type of thing where you just hit the nail on the head cuz you said we don't want to lose our star talent and that has been a challenge it's been oh I know I have this later then you're the jerk at work you know there are<br> leave your narcissist all of these things but they bring so much value to the organization are so much money are going to have his connection and we can't lose and we rather lose these people and then to lose this person so again what's cap to do is read the fine will what does it mean to be a high-performing leader and it got to add on to that list of just you know profit meeting organizational goals and add on you know are they of empathetic later are they are they a vulnerable leader what kind of are they going to exclusive leader right because without those elements I don't know if we can call them a star player and that's what we've got to sit back and read the five and what we see is eventually it catches up with you right we have seen Time After Time l b inmarsat of organization after there's a crisis after someone has gone to the media of the press and said this person has created a hostile work environment this person is sexually harassed me<br> what you see in the theme of all those stories is that wasn't new news to the organization do know if we knew all this time I was investigated by h.r. for three times because of my workplace behavior when that made it to the news and people start sharing their stories oh you got to go right so what we have to do is not wait for that right let's not wait for that big that whole media to get you you know it will come back to bite you you'll have to get rid of that later anyway then you got to go back and do a whole lot of reputation repair you know and build trust again with your employees why go through all of that once you have a leader that is determined that they don't want us are allowed to make mistakes were human right when you said this when you did this that was offensive or there was a different way you could have approached<br> a good leader takes that feedback they don't have emotional intelligence and you know it really reflect on their behavior and they approach things differently and those are the types of leaders that we need and organizations get your your organisation helps people develop those skills within themselves and Executive coaching you know so we are training with you know take the entire leadership team we you know the trimming what the culture is and we train them of what their behaviors their actions and their word should be reflective of the call for babe identify and then sometimes you need you have leaders that either one or need that additional coaching and so we go in and work with individual leaders as well to help them to gain those competencies that I just talked about<br> be right back with more McNutt Tasha Bowman to work place Stockton more expert advice for having a happier relationship with money still to come on the saving with Steve show<br> don't let your financial woes keep you up at night and prevent you from living a life of Financial and personal freedom hi I'm Steve Sexton post of the saving with Steve show where did he talk about the ins-and-outs of money does Financial issues that could be costing me thousands of dollars causing stress keeping you up at night we're going to talk about money tax reduction saving more spending on your investment risk management retirement and everything is so sweet with you having a healthier happy relationship with money soon as you've ever dreamed of living a life of Financial and personal freedom you owe it to yourself and your family to tune in to the saving with Steve show join me Steve sex and out of saving with Steve show as we talked about everything under the sun when it comes to money to learn more about the show visit saving with Steve. Us that's saving with Steve. Us saving with Steve. Us will see you soon<br> welcome back to the show that is here to help you achieve your financial goals it's the saving with Steve show now here's your host Steve Sexton you for joining us again we're talking about the ins-and-outs of money they all the replays are available at the shaving with Steve. Us if you're enjoying the stories of helpful information inside of saving with Steve they are not encouraged you to subscribe to your YouTube channel Spotify or Google Play Channel and so you never miss the show check out a few of our feelings that you can help radio CBS radio talk radio New York City e362 in Las Vegas TV networks all these networks are dedicated to empowering you solve problems uplift your spirit and live a life of personal financial Freedom now we're back with Natasha Bowman he's been given some Pearls of Wisdom when it comes to the workplace and redesigning this into a new modern workplace now I want to read this and it says how did succeed in creating workplaces truly works for mother's labor just Russian.<br> fortunately burdens working mothers highlights throughout the vital role to play in the American workplace show we have a tremendous amount of single mothers single fathers nowadays how do we what do we need to do to make it work for everybody it was determined to replace the most were working mother that had to leave the workplace and what that's going to do in the long run it's continue to contribute to the way to sparity Gap and equities and other places between males and females so what do we need to do about that why do we have to lose my working mothers and essentially that look at workplace policies you know in regards to flexibility excetera excetera they're just not there yet you know if we even look at you rest law and maybe people don't know that in the private sector there is no law that requires and<br> all yours to give one single day off meaning you can work 365 days a year 24 hours a day you don't answer as long as your pay correctly that's all we hear about in the private sector and then you have you know of course organization I don't know any of that do that you know they'll give you your holidays will give you a certain amount of vacation but he's centrally when you're taking those days you often feel guilty for taking it because you got so much work to come back to your being bothered while you're on vacation are off you know so again when we saw these the pandemic happened daycare shut down and so therefore working mothers you know not only had two you don't need Zoom calls but they have kids running around right and so you ask a question what can we do and it's really about resources looking at the resources that we provide two families and I don't want to say just mother's even though you know that it was impacted by mothers but I think families are created and in many many different ways but for any<br> parent you know to have resources so I know organizations that provide at daycare or if you could have a family member to stay with your child so that you can work they would reimburse you a certain amount per day for that to happen right those were the organist absolutely come sit with these kids so I can go to work maybe prepare a meal for them that's so helpful in my organization is reimbursing me for that types of things you can't be creative right we have traditionally defined as work-life balance it just hasn't been the case right so we've got a redefine what that looks like we've got to provide way more resources and examine what resources were providing I know so many organizations that pay companies and Jim's and all these places all this money and people utilize that is just this unused onion underutilized resource and they say<br> the whole bunch of money too so you know you got to assess your organization is it just ask him about the organization forget to just ask their employees what do you need to be successful ask them what resources would be beneficial to them you to retain them to keep them engaged and invest in those resources stop playing the guessing game. You know thinking that what hap what were yesterday's going to work tomorrow get to be flexible and agile and just have employees involved in the process that I save you a whole bunch of time and money if you just simply asked involved so what you're really saying is if we can find out from the employees what takes that family monkey off the back I can fully focused on total focus on what their work is and be more productive or happier to do in less time with less distraction distraction<br> is the impacted by the great resignation this is really like 86% of our listeners are female 45 265 some of them are listening right now and they're going you know what I work at a place how can I push change like this in my workplace do you have any recommendations for that mean you have a perfect background to say something<br> bacon one under the assumption that you know what I'm going to loud to speak up I'm not allowed to advocate for myself or for others and I don't believe that I have said in a c-suite and you know a lot of times we we do want to hear from you all the time and I know that when I was doing that decision making a cheer you know those were the ideas that helps me so it's about you I have a concept I did a TED Talk and I have an upcoming book called The Power of One leading with civility Candor and courage and when I say leading I mean using your individual power I'm not talking about you just haven't positional leadership but I believe that everyone in the organization can take a leadership Opportunity by saying hey going to your organization right and saying if you look around we have a problem you're losing people left and right or you have a disengage workplace let me share some ideas to write even if you're not impacted sometimes it's the people that are<br> what impact that may have the credibility to speak on behalf of others and say you know what I'm not a working mom or I don't have any kids I wasn't impacted by this is how I look around I've noticed some things and Cat just share with you what I say is Right speaking on behalf of others if we all collectively they called her back into her hands and stop waiting on leadership and initiative to budget and all these things that we have traditionally waited on to create culture and it just every individual right you know Lisa civility Lisa can do you know meaning given that date that you know it doesn't mean standing up and having a red cake it just means you know what I think I'm going to go knock on this door and say hey can I share something with you and it's just an idea the worst thing that can happen if they say thank you for sharing and they don't do anything they say thank you for sharing<br> that's right you know you've got to take that chance that's the only way we're going to see change we we can't wait for organizational leaders people in political power I mean that's done right just you know as an individual think about why is my power one was my gift that I can share to cultivate a Latasha I want to thank you for joining us today this is been wonderful I love your message because it said that the new world is about leadership does one way back when when I was in that world it was about doing what somebody told you and suck it up and grind it out and all that stuff and you know what this pandemic is made a lot of things change but it's really important that people step up and ask and contribute with their opinion to how to fix things to make them better because no one in my whole world the more people that I could help get to where they wanted to go do you know what I was a young executive it like 24 because of stuff like that in the things that you just said and I just want to thank you for sharing that I'm glad somebody<br> how to say in it besides me<br> again go to Amazon power Juan its performance Dash renew if you want to get in contact with Natasha Bowman and its Asha again I want to thank you for joining us today I hope you have a wonderful day stay safe and stay healthy or expert advice for having a happier relationship with money still to come on the saving with Steve show<br> don't let your financial woes keep you up at night and prevents you from living a life of Financial and personal freedom hi I'm Steve Sexton post of the saving with Steve show where did he talk about the ins-and-outs of money those financial issues that could be costing me thousands of dollars causing stress keeping you up at night we're going to talk about money tax reduction saving more spending your investment risk management retirement and everything is so sweet with you having a healthier happy relationship with money soon as you've ever dreamed of living a life of Financial and personal freedom you owe it to yourself and your family to tune in to the saving with Steve show join me Steve section of the saving with Steve show as we talked about everything under the sun when it comes to money to learn more about the show visit saving with Steve. Us that's saving with Steve. Us saving with Steve. Us will see you soon<br> welcome back to the show that is here to help you achieve your financial goals it's the saving with Steve show now here's your host Steve sex wasn't Natasha go to Amazon if you're looking to get her new book which is power of one if you're looking for the company go to Performance Dash next we're going to move into how to protect your money from inflation in 2022 if you've noticed with your Standard Hotel buying gas getting food it's all gone up and the reality is your witness the results of the latest inflation search well I like to tell people that gas isn't going to get any better in your money is just going to get worse all the prices and goods and services are the last months have been tributes the worldwide opening back up we don't know exactly how long this is going to last so financially speaking we need to start thinking about doing a few things the first thing we want to look at it as a how do we protect things well you could do that through chips with Stanford<br> treasury inflation-protected security chips are actually quite simple to understand it's our government bonds things of that nature they are based off the inflation and basically What's Happening Here is when inflation goes up so does the interest rate when the Flesh and goes down so does the interstate just can help balance out your fixed income or Bond portfolios as their place and chips are backed by the US federal government or they're one of the safest Investments for your money and effective way to diversify your Investments also supplementing your future retirement income because the price for chips go up and down with the Consumer Price Index that helps protect against these unexpected spike in inflation justify bar best inflation for the average investors so it's really important to take a look at that next a lot of people don't realize this but cash is often overlooked as an inflation hit while cash is in a growth asset is usually kept up with inflation and a nominal terms if inflation<br> the company by Rising short-term interest rate now with a pandemic just know how unpredictable the economy can be always keep something in high-yield savings money market CD you also going to have too much here because you really just want to look at 6 to 9 months of your income that you need for the household so and you want to look at it and in a short-term Insurance CD until we have a better understanding of the longer-term inflation Outlook now we have some good news here so let's talk about the best place for a high-yield account such as Marcus by Goldman Sachs highest yield online savings that you know no fees it's very accessible zero conditions people love it best money market accounts Ally Bank money market account 24/7 access ATM reimbursements best CDs you know what first of all you want to consider the length of time to type your money till look at 3 or 6 months so you can go to Brian b r i o direct hire a CD or four<br> smart I go baking high-yield CD for one year at CFG Community Bank 3-year First National Bank of America 5-year Ally Bank high-yield CD Now in short-term Bonds in a similar strategy is maintaining cash and a CD or savings account your money say something accessible here if Rising inflation leads to higher interest rates sure turned down for more resilient where long-term bombs will suffer loss this is a reason it's best to stick with short or intermediate intermediate turning white anything long-term when it comes to pain make sure your bonds for bond funds or short-term since they will be affected the last interest rates become to rise quickly okay now stocks can be a great long-term inflation hedge but can suffer in the short-term now especially if there's an inflation Spike if you're new to the investment world it's easier than ever to get started to do so you need open account for a brokerage and trading platform you want to look at all the different Brokers for the ones that offers Yoakam<br> trading specially if you're doing it yourself make sure you do your research if you invest keep in mind that current inflation issues may be transitory so be careful not to make your magic changes in your portfolio that met her performance of inflation also in a diversified portfolio Works whether we have Rising inflation or stable inflation next Real Estate traditionally does well during High inflation is the value of the property, which we've seen over the last year so I also need the landlord's can charge more for the rent which in turn increases their income so we can Pace up with inflation you can also invest in Real Estate Investment Trust real estate properties Delaware statutory trusts you can do things through mutual funds just want to make sure you talk with somebody to make sure it fits for you now why doesn't always protecting its Rising inflation in the short-term intends to keep up over the long-term now to take a look at the long-term back in the 70s gold was as little as $300 an ounce<br> for decades but the fluctuation might not work for you come on Friday prices for raw materials like oil metal agricultural products used to increase along with inflation and they're good hedge against it but the big but here you should note that Commodities could also be extremely risky the prices for Combined he's been largely on supply and demand which can be highly unpredictable this makes them a risky investment on top of investors taking on Leverage the chance of rewards are high but so are the risk of losses next cryptocurrency Bitcoin as the new digital goal theoretically should protect against inflation because it limited Supply but you know quite frankly everybody's view is still out whether or not it will be a good inflation hedge of a long-term and be very worried about Bitcoin because of the recent volatility K it's really difficult to incorporate your Diversified Diversified cryptocurrency in a diversified portfolio bottom line investors have option to protect<br> self against inflation for the safest bet is through chips otherwise any information search. It is a good time to review your overall investment performance allocation to make sure it's in line with your goals for the rallies this donate gimatic changes based off coronavirus in the market conditions since most of us are still want room investor but there's things you can do so I want to thank you for joining us pay have a great week we'll see you next time bye bye thank you for joining us for the saving with Steve show hosted by Steve Sexton to learn more about the show and how to become a guest or sponsor visit saving with Steve. Us that saving with Steve. Us join us again next time as we continue to talk about everything under the sun that relates to you having a healthier happier relationship with money this has been the saving with Steve show hosted by Steve Sexton<br>

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