According to the Pulse® 2022 U.S. Trends Report, financial health declined for the first time since 2018 –by 31%.
There’s no denying that the statistics are scary — the pandemic certainly increased overall financial illness. But with financial health being one of the keys to overall wellness, innovative solutions like Eric Blue’s company, Nevly, are more important than ever.
Nevly, a personal finance app designed with consumers in mind, aids people in their journey to financial health and freedom. Its founder, Eric Blue, is passionate about making financial assistance accessible.
Financial Health is the Ticket to Overall Wellness
Financial health is integral to overall wellness – and it’s not necessarily about money.
Financial health is the relationship between a person’s financial and economic resources and the individual’s mental, physical, and social well-being.
Types of financial resources include
- savings
- retirement funds
- debt-to-income ratio
- ability to earn money
- spending
Detriments to health if financially unstable
- headaches and migraines
- a weakened immune system
- high blood pressure
- issues with digestive system
- muscle tension
- heart arrhythmia
- sleep problems
These facets determine financial health, which ultimately affects overall well-being, when financially healthy, your physical health follows.
The Deeper Meaning of Financial Health
From giving individuals the ability to reach their goals to affording people the gift of flexibility and taking advantage of opportunities, financial health is one way to gain freedom and life satisfaction. And financial literacy is the underpinning virtue.
Achieving Financial Health is Easier with the Right Support
According to Forbes, obtaining financial literacy is the only way to achieve financial health. Financial literacy means understanding the following:
- the crucial nature of saving early to reach short- and long-term goals
- the difference between good and bad debt
- how to avoid high-interest credit cards
- how to live within your means, spend responsibly, and stick to budgets
- how to invest and make smart money decisions
With the above, people can avoid overspending and feeling ensnared in debt, and ultimately increase their savings for future expenses. And even though nobody is immune to economic stressors, those without financial literacy may suffer more.
At first glance, obtaining such literacy to improve financial health may feel unachievable unless you have a formal education through a university. But Blue makes it easy and accessible.
Nevly Makes Improving Financial Health a Breeze
The hotshot whiz-kid, Eric Blue, believes everyone’s dreams matter, and the team inspires members to achieve them by doing money differently. Those involved with the Nevly app benefit from this mindset, and access to exclusive benefits like automated budget planning to aid their journey to excellent financial health.
With the tagline “start by changing your tomorrow, today,” Nevly takes an accessible approach to help people understand the convoluted financial world. The consumer-centric company offers the following services to ensure its clients get everything they want out of life through intelligent monetary decisions:
Financial Planning with Personalized Advice
Blue’s Nevly app offers financial planning based on personal situations. There’s no one-size-fits-all approach. But the company’s planning services allow members to:
- save for the future
- learn the necessity of having (and sticking to) a budget
- establish goals
- improve credit scores
- borrow with good debt
- make smart investments
With a technology-based, consumer-centric method, Blue crafts financial plans perfect for Nevly’s members.
Rewards and Loyalty Programs Benefit All Members
The Nevly card is another tool offered by Nevly that allows people to improve the health of their finances and allows them to start doing money differently. Members can save as they spend, increasing their emergency funds to secure future financial health and limit hardships.
The rewards program provides cashback and discounts on the nation’s favorite brands, allowing people to shop smart while sticking to companies they know and love.
Asset Growth Programs
Blue is focused on building better financial tomorrows, making the asset growth program one of Nevly’s specialties. Members receive rewards for ‘doing money differently,’ through Nevly’s services; helping them join the right path to financial literacy and health.
Sharing is undoubtedly caring, as Nevly gives tips they receive back to individuals through wise investments.
Nevly Brain Trust
The Nevly Brain Trust lets members grow and engage with the community. Qualified individuals will earn access rewards and perks like cash bonuses and limited edition swag while representing the company, ensuring they have an impact on the app by providing feedback and receiving early access to new features designed to enhance their financial health.
Eric Blue: The Brain Behind Nevly
So, who began this innovative company that gives people access to otherwise untapped financial health? Eric Blue is an esteemed member of the fintech industry with years of experience and a passion for accessible financial literacy as part of overall well-being.
Blue began his career at Lehman Brothers as an investment banker, moving into a corporate attorney position at a different company after almost three years. From there, he climbed the ladder, eventually becoming the CEO and chief investment officer at Valler Holdings Corp., where he stayed until founding his fintech company, Nevly.
His experience served him well as he started Nevly to help everybody obtain financial health. The company has already aided many people on their quest for financial freedom and aims to continue its incredible journey.