Employee Financial Wellness Program
Deliver personalized financial wellness programs your employees want on our highly customizable ‘Done For You’ platform.
Limitations of the employee mindset
- Limited Income Potential
- Time and Effort Constraints
- Reliance on a Single Income Source
- Limited Control over Financial Growth
- Lack of Asset Accumulation
- Inflation and Cost of Living
- Tax Implications
BREAKING FREE FROM THE EMPLOYEE MINDSET:
Unlocking Your Path to Financial Empowerment
Prologue
Our mission is to advocate for the regular employees by providing them with the
education, tools and support in order to be confident and secure in handling their
finances on their own.
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The mindset shift from an employee to an entrepreneur is atransformative process that can have profound effects onpersonal and financial growth.…
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We are in the business of protecting individuals and families through the best financial strategies and life insurance products in the market today. Whether you are looking for an inventory free, business opportunity where you can run your business online and through the phone, or simply looking for ways to better position yourself and your family financially, we can help.
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Each question describes a particular aspect of the mentality of most employees. If you answered all yes to the questions, then you have an employee mindset. While having an employee mindset is not bad at all when you’re working, it is not a useful perspective when it comes to personal wealth building. Answering no, to any of the questions means you are on your way to developing the entrepreneur within you.
Explanation:
A person’s net worth is used to determine one’s wealth and is computed as the sum of all assets less the sum of all liabilities. To increase wealth, you must have the mentality of accumulating assets not increasing income. A common misconception of employees is that you have to have a high income to become wealthy. The truth is you can become wealthy even on a minimum wage salary if you use your income judiciously and consistently to accumulate assets.
One key difference between an employee and an entrepreneur is this. When an employee finds something they really want but couldn’t afford, they dismiss it as something that they don’t need. Although identifying one’s want and needs is important when doing a budget, a more useful characteristic of entrepreneurs is that when they find obstacles they try to creatively solve their problems instead of outright giving up. The investor’s default mindset is to try to get what they want in some other way or another and be persistent about it.
For the typical employee, the first impulse once they get their salary is to spend it. This is the paradox of immediate gratification. People want to build wealth but the moment they get hands on money they want to spend it. Entrepreneurs on the other hand prioritize saving and investing and practice delayed gratification.They strive to accumulate assets first then use their assets, not income, to pay for expenses.
The first step to personal wealth creation is awareness of habits that prevent one from attaining one’s financial goals. Having an employee mindset is one such habit. To increase your awareness, you must realize the disadvantages of having this mindset, the root cause of why one thinks this way, then discover the ways one can reframe one’ thinking and develop the necessary skills to counter this mindset. The book Breaking Free From Employee Mindset details exactly what you need to know and develop in order to break this habit. Invest in yourself and learn from its lessons.
I once asked an employee, Why are you working? And he answered, to earn an income. Why do you want to earn an income? So I can pay my expenses. This is the typical mindset of an employee. Being an employee definitely has advantages. It offers fulfillment, stability and valuable benefits. However from the viewpoint of personal wealth creation, it is somewhat limited. The employee mindset is short sighted, stagnant, and focused on immediate gratification. Contrast these answers from an employee with an entrepreneur mindset. Why are you working? To get an income. Why do you need an income? So I can buy assets. Why do you want to buy assets? So I can use them to pay my expenses. Because the more assets I accumulate, the more income i will get and therefore the more expenses I can afford. The investor mindset is a future oriented mindset, that emphasizes continuous growth through the use of delayed gratification.
Who We Are For & How We Work
We can help...
We built a platform customers want to use
Frequently Asked Questions
Yes! We sit down with each client to understand their preferred outcomes and then tailor the portal around those objectives. We build one-off, boutique portals branded to our clients that speak directly to their employees.
Our program has an exemplary track record of success and we would be happy to provide client references. Our portal is just one part of the equation; we will assign you one of our talented Client Success representatives to help you promote us to your employee base and maximize engagement and results.
No two financial wellness programs are alike. Enrich distinguishes itself from the competition in many ways: Unparalleled customization and configuration capabilities including benefits integration, best-in-class reporting, our unmatched (and ever-growing) library of content, proprietary algorithms to deliver the most compelling experience for your employees, and our tenured team of Client Success reps for support.
The ROI hinges on the desired outcomes you want from your financial wellness initiative. We will help you to identify these outcomes, and then we build the portal and reporting around these objectives.
You can relax! We will draw on our extensive experience working with hundreds of employers to build your portal - which you can then refine if/ as needed. After that, our Client Success team will identify promotion opportunities, and ensure engagement is high with monthly check-ins and results analysis, and continue to make changes and updates to the portal as needed.