Wealth and Well-Being: The Wela Way

Nancy Phillips worked in sports medicine and the international corporate medical world for more than 25 years. Today, she is a financial health author and speaker who helps others lead meaningful, happy and successful lives. Nancy combined her global research, personal experience, and desire for simplicity and relevance to develop effective methods for helping people create lives of meaning and financial well-being. Her programs are simple and comprehensive, encompassing personal values, success concepts and basic financial skills.

Nancy’s Wela Way resources for adults and youth, as well as her Steps to Success guides for young adults and parents, have been successfully reviewed by the Financial Industry Regulatory Authority (FINRA). Her series of financial storybooks, Zela Wela Kids, has also been piloted with more than 1,900 elementary school children. Nancy believes early financial education should be accessible to all families, which fuels her to create resources that have a positive impact. According to Nancy, the “Wela Way” means helping people bring together information to create abundant, happy lives with meaning, love and well-being.

After surviving a life-changing accident when she was young, Nancy’s desire to contribute to the world was intensified. From the physical and emotional pain she experienced from her injury to the struggles she faced during her divorce and the faltering economy, Nancy is able to recognize the gifts and awareness these challenges brought to her life.

On the latest episode of The Everyday Millionaire, Nancy discusses her upbringing and the experiences that led her on the path to financial education, why she was inspired to create her own life skill resources that are accessible to everyone, and she describes how pre-marital financial courses can change a couple’s life. She also discusses the issue of detachment from tangible money and the psychology of spending with plastic vs. handling real currency.