Afleveringen
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In this episode of Mindful Money, weâre discussing the critical step of adopting a savings habit. Spending less than you earn, establishing healthy financial habits early, and taking advantage of compounding interest are crucial. Create a vision for your ideal life and align your financial priorities with that vision. These steps, along with automating your savings and making mindful spending choices, will help you build financial security, eventually leading to a comfortable retirement.
In this episode:
(00:00) - Intro(01:51) - The savings habit(02:22) - Spend less than you earn(03:38) - Two financial statements every business needs(05:14) - Empathizing with your future self(06:06) - Take advantage of compounding(07:48) - Ranking your priorities(09:44) - Automate your savings(10:59) - Re-Investing your savings(11:17) - Next stepsGet full show notes and links at https://mindful.money.
Watch the episode on YouTube: https://www.youtube.com/@MindfulMoney.
This podcast uses the following third-party services for analysis:
Chartable - https://chartable.com/privacy -
In this episode of Mindful Money, we dive into step two of the modular financial planning processâdeveloping a clear vision of your ideal life. Itâs critical to think through each step in creating this vision, such as identifying personal values, declaring a meaningful purpose, envisioning your perfect life, writing a professional mission statement, and setting actionable personal goals. Following these steps will help you create a written financial plan that reflects your deepest values and aspirations. Financial security is a journey that requires acceptance, self-reflection, planning, and hope.
In this episode:
(00:00) - Intro(01:13) - Understanding financial security(02:18) - Developing your ideal life vision(06:30) - Five essential elements of your vision(06:46) - Identifying personal values(07:45) - Stating your meaningful purpose(09:34) - Picturing your perfect life(11:04) - Creating a professional mission statement(11:56) - Setting personal goals(13:42) - Next stepsGet full show notes and links at https://mindful.money.
Watch the episode on YouTube: https://www.youtube.com/@MindfulMoney.
This podcast uses the following third-party services for analysis:
Chartable - https://chartable.com/privacy -
Zijn er afleveringen die ontbreken?
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In this episode of Mindful Money, we'll talk about the first step in the modular financial planning process. Contrary to common advice, financial planning should begin with understanding what is worth seeking in life. It's important to go through a process of self-discovery and introspection before setting financial goals. We'll explore the eight pillars of happiness and how they form the foundation for lasting happiness and effective financial planning. Join me as we learn how to align our financial decisions with what truly matters, ultimately leading to a fulfilling and satisfying life.
In this episode:
(00:00) - Intro(01:08) - Life lessons from my father(01:53) - Challenging materialism(02:49) - The importance of self-discovery(06:11) - Eight pillars of happiness(06:15) - Health: The foundation of happiness(07:21) - Engagement: Active participation in life(08:15) - Relationships: The key to happiness(10:56) - Meaning: Finding purpose in life(12:09) - Accountability: Staying true to yourself(13:16) - Generosity: The joy of giving(15:55) - Optimism: The power of positive thinking(17:15) - Gratitude: Appreciating what you have(18:52) - Conclusion and next stepsGet full show notes and links at https://mindful.money.
Watch the episode on YouTube: https://www.youtube.com/@MindfulMoney.
This podcast uses the following third-party services for analysis:
Chartable - https://chartable.com/privacy -
In this episode of Mindful Money, I'm introducing a new nine-part series about modular financial planning, and why I think it's the best approach for getting started. Specifically, we'll discuss the importance of having a financial plan, comparing the in-depth and all-encompassing nature of comprehensive plans to the simplified and focused approach of modular plans. A financial plan acts as a roadmap, helping to achieve long-term goals, optimize investments, manage debt, and even provide psychological benefits such as reduced anxiety. The next nine episodes will explore the modular financial planning process in detail, starting with understanding your values and priorities. Join me for this series as we aim to normalize the money conversation and use financial planning to build a life of stability, purpose, and joy.
In this episode:
(00:00) - Intro(00:55) - Exploring financial planning approaches(01:50) - Why having a financial plan is essential(04:25) - Setting long-term financial goals(05:51) - Coping with the psychological impacts of managing money(07:04) - Two approaches to creating a financial plan(07:16) - Comprehensive financial planning(09:22) - Modular financial planning(12:41) - The steps of a modular financial plan(14:29) - Adopting a savings habit(16:38) - Whatâs in store for this seriesGet full show notes and links at https://mindful.money.
Watch the episode on YouTube: https://www.youtube.com/@MindfulMoney.
This podcast uses the following third-party services for analysis:
Chartable - https://chartable.com/privacy -
Matt Wilkerson is the CEO and co-founder of Extern, a company on a mission to help anyone discover and launch their career through real professional experiences. Extern has created externships for leading companies such as AT&T, HSBC, Meta, PwC, Home Depot, and National Geographic, serving more than 35,000 students and career switchers.
In this episode, I talk with Matt about the externship model and its impact. Matt shares his journey from growing up in Atlanta, to attending MIT, and eventually founding Extern. He discusses the challenges students face in gaining practical work experience, particularly in the current landscape where traditional internships are becoming more scarce. We also discuss broader issues in higher education, such as the misalignment between academic training and real-world job requirements, and how Externâs model seeks to reimagine the pathway from education to employment.
In this episode:
(00:00) - Introduction to Externâs vision(01:05) - Meet Matt Wilkerson(01:49) - Mattâs early life and career aspirations(03:02) - Entrepreneurial beginnings(05:33) - The journey to MIT and beyond(09:15) - Founding Extern(15:15) - Challenges in higher education and employment(25:11) - Skills-based hiring(26:24) - Challenges in internship programs(29:30) - Introducing the externship model(30:36) - Scaling externships for broader impact(41:06) - Measuring success and future plans(45:38) - Final thoughts and advice for graduatesGet full show notes and links at https://mindful.money.
Watch the episode on YouTube: https://www.youtube.com/@MindfulMoney.
This podcast uses the following third-party services for analysis:
Chartable - https://chartable.com/privacy -
Mark Murphy, CEO of Northeast Private Client Group, is an accomplished author, speaker, and motivator whoâs revolutionizing the financial planning and wealth management industry. He helps entrepreneurs achieve multigenerational wealth through personalized strategies, leveraging his strategic planning and financial engineering expertise. Forbes has ranked him as the No. 1 financial security professional in NJ and #15 nationwide. Additionally, his book, The Ultimate Investment, is a No. 1 bestseller and new release on Amazon.
In this episode, I talk with Mark about his journey from financial adversity in his youth to a successful career in financial services. We discuss the importance of protecting entrepreneurial confidence, differentiating between owning a job and running a business, and the concept of transformational versus transactional investments. Mark also shares his philosophy of investing in oneself and shares his âIkigaiâ framework for finding passion and purpose in oneâs career.
In this episode:
(00:00) - Welcome to Mindful Money(00:59) - Meet Mark Murphy(01:55) - Markâs early life and lessons on money(04:02) - Career journey: From college to CEO(05:43) - Insights from The Ultimate Investment(06:26) - The difference between buying a job and running a business(08:45) - Entrepreneurial mindset and confidence(10:17) - Transformational vs. transactional investments(13:55) - The Ikigai test: Finding your path(19:43) - Advice for entrepreneurs(22:55) - Markâs perfect day(23:52) - The last thing Mark changed his mind aboutGet full show notes and links at https://mindful.money.
Watch the episode on YouTube: https://www.youtube.com/@MindfulMoney.
This podcast uses the following third-party services for analysis:
Chartable - https://chartable.com/privacy -
Scott Rick is a marketing professor at the University of Michiganâs Ross School of Business. He holds a PhD in Behavioral Decision Research from Carnegie Mellon University, where he was a National Science Foundation graduate research fellow. He has published research in premier journals spanning marketing, psychology, economics, and neuroscience. At the University of Michigan, he has won awards for both research and teaching. Rick's research has been covered extensively in outlets such as The New York Times, The Wall Street Journal, The Washington Post, and NPR. His first book, Tightwads and Spendthrifts: Navigating the Money Minefield in Real Relationships, was published in January 2024 by St. Martinâs Press.
In this episode, I talk with Scott about common financial advice myths, how money occupies more space in our lives than it should, and the psychological factors that shape our spending personalities. Scott shares his personal experiences growing up with financial disparities and how those experiences influenced his financial behavior. We also dive into the dynamics of finances in relationships, addressing how couples can navigate financial conflicts to foster healthier relationships.
In this episode:
(00:00) - Welcome to Mindful Money(01:05) - Meet Scott Rick: Behavioral decision researcher(02:04) - Scottâs early life and money lessons(04:57) - Teaching kids about money(06:30) - The story behind tightwads and spendthrifts(10:36) - Understanding tightwads and spendthrifts(13:02) - Psychological and neurological factors in spending(16:17) - Can financial personalities change?(17:43) - Navigating financial behaviors in relationships(20:48) - Opposites attract: Advice for financially mismatched couples(22:00) - Setting up joint and separate accounts(23:53) - Handling financial conflicts(29:04) - And one thing couples should stop doing(32:16) - Final thoughts and takeawaysGet full show notes and links at https://mindful.money.
Watch the episode on YouTube: https://www.youtube.com/@MindfulMoney.
This podcast uses the following third-party services for analysis:
Chartable - https://chartable.com/privacy -
Vicki Robin is a prolific social innovator, writer, and speaker. She is the co-author with Joe Dominguez of the international best-seller and classic, Your Money or Your Life: Transforming Your Relationship With Money and Achieving Financial Independence, and author of Blessing the Hands That Feed Us: Lessons from a 10-Mile Diet. She is the co-founder of Conversation Cafes and of the 10-Day Local Food Challenge, and hosts the podcast/YouTube interview series, What Could Possibly Go Right?, inviting cultural scouts to shine a light on whatâs emerging as the pandemic, climate, the economy, and polarization unravel the old normal. Currently, she blogs on aging on her Coming of Aging Substack.
In this episode, Vicki discusses her journey with frugality, consciousness in spending, and applying the concept of âenoughnessâ to financial independence. We explore Vickiâs life experiences, from growing up in Long Island to her time in various roles, including her innovative efforts in promoting sustainable living. She shares her insights on the current economic system, the importance of sufficiency over constant growth, and the evolving cultural awareness surrounding financial independence. We also discuss her reflections on aging, sustainability, and her efforts to adapt her home to address affordable housing challenges.
In this episode:
(00:00) - Intro(01:01) - Meet Vicki Robin(02:12) - Vickiâs early life and lessons on money(04:29) - The journey to writing Your Money or Your Life(09:20) - Cultural shifts and financial independence(15:32) - Reflections on social change and aging(23:52) - Embracing serenity and acceptance(26:44) - Resilience and adaptation in times of collapse(28:43) - Affordable housing solutions(33:50) - Rethinking retirement and work(38:42) - Personal reflections and impact of travelGet full show notes and links at https://mindful.money.
Watch the episode on YouTube: https://www.youtube.com/@MindfulMoney.
This podcast uses the following third-party services for analysis:
Chartable - https://chartable.com/privacy -
Dr. Darla Bishop, affectionately known as the FinanSis, is the Founder of Finansis LLC, a boutique consulting firm based in Lansing, Michigan, and the author of How To Afford Everything. Motivated by her own challenging childhood in Detroit, Dr. Bishopâs unique gift lies in her ability to motivate individuals to transcend limiting beliefs about wealth and cultivate a positive financial mindset. She firmly believes that empowering individuals with financial knowledge is pivotal in creating prosperous and resilient communities.
In this episode, I talk with Darla about her journey to becoming a renowned financial coach and professor. We discuss essential steps for financial awareness, the importance of mindset in managing money, and practical approaches to budgeting, debt management, and building multiple income streams. Darla also shares actionable tips on tracking expenses, changing financial mindsets, and achieving financial freedom through incremental wins.
In this episode:
[00:00] - Intro[01:03] - Meet Darla Bishop[02:48] - What Darla learned about money management growing up[05:24] - The impact of financial advice from family[07:10] - Darla's journey to financial literacy[11:22] - Writing a book on personal finance[14:27] - The importance of mindset in financial success[15:13] - Identifying and changing unhelpful financial mindsets[20:40] - Practical budgeting tips[23:41] - Tackling debt[28:57] - Multiple income streams[33:49] - How to change your finances today[35:11] - Redefining success[37:14] - Travel and personal growthGet full show notes and links at https://mindful.money.
Watch the episode on YouTube: https://www.youtube.com/@MindfulMoney.
This podcast uses the following third-party services for analysis:
Chartable - https://chartable.com/privacy -
Jessica Perrone is a seasoned finance expert with more than 16 years of experience. As a mom of three teenage girls and a passionate advocate for financial education, she is dedicated to empowering young people with knowledge about money and investing. Jessicaâs innovative and relatable approach has led her to develop a curriculum that makes finance approachable, fun, and relatable for teens of all backgrounds.
In this episode, I talk with Jessica about her passionate advocacy for financial literacy, especially among young women. Jessica shares her unique approach to smarter spending, emphasizing the importance of removing emotion from financial decisions. We dive into her personal upbringing and how it shaped her financial teaching methods, including how she educates her three teenage daughters about budgeting and work ethic. We cover crucial credit management strategies, generational differences in handling credit, and the role of credit scores in long-term financial health. Jessica and I also discuss empowering women in finance, challenging societal norms, and practical strategies for taking control of your financial destiny.
In this episode:
[00:00] - Intro[01:19] - Meet Jessica Perrone[01:50] - Jessica's background and family life[04:04] - Financial lessons learned from childhood[08:38] - The importance of credit scores[14:20] - Jessica's financial journey[20:39] - Three ways to invest[22:23] - The inspiration behind Her Financial IQ[23:20] - Empowering women through financial education[27:42] - Mindfulness in financial decisions[32:44] - Choosing the right financial advisor[39:11] - Advice for young women on financial success[42:06] - Final thoughts and how to connectGet full show notes and links at https://mindful.money.
Watch the episode on YouTube: https://www.youtube.com/@MindfulMoney.
This podcast uses the following third-party services for analysis:
Chartable - https://chartable.com/privacy -
Dr. Daniel Crosby is a psychologist and behavioral finance expert who helps organizations understand the intersection of mind and markets. Dr. Crosby's first book, Personal Benchmark: Integrating Behavioral Finance and Investment Management, was a New York Times bestseller. His second book, The Laws of Wealth, was named the best investment book of 2017 by the Axiom Business Book Awards and has been translated into 14 languages. His third book, The Behavioral Investor, was Axiom's best investment book of 2019 and is a comprehensive look at the neurology, physiology and psychology of sound financial decision-making. His latest book, The Soul of Wealth, will be published in October of 2024. When he's not decoding market psychology, Daniel is a father of three, a fanatical follower of the St. Louis Cardinals, an explorer of the American South, and an amateur hot sauce chef.
In this episode, I talk with Daniel about his fascinating journey from psychology to finance, the importance of understanding evolutionary biases in financial decision-making, and the real value that financial advisors bring beyond mere investment advice. Daniel shares insights from his books, particularly his forthcoming work, The Soul of Wealth, which focuses on finding meaning and happiness beyond monetary wealth.
In this episode:
[00:00] - Intro[03:06] - Daniel's early lessons on money and entrepreneurship[08:54] - The arc of Daniel's writing and research[14:11] - Understanding evolutionary influences on decision-making[24:09] - The four meta biases[29:50] - The real value of financial advice[33:17] - Defining true wealth[35:29] - The power of generosity[39:51] - How to build greater financial success[41:56] - One thing people should stop doing[44:03] - The last thing Daniel changed his mind aboutGet full show notes and links at https://mindful.money.
Watch the episode on YouTube: https://www.youtube.com/@MindfulMoney.
This podcast uses the following third-party services for analysis:
Chartable - https://chartable.com/privacy -
W. Ben Utley, CFPÂź, not only serves as the Service Team Leader at Physician Family Financial Advisors but also co-hosts their podcast of the same name. Well-recognized for his expertise, Ben has been featured in The New York Times and listed among the "150 Best Financial Advisors for Doctors" by Medical Economics Magazine. As a Certified Financial Planner, Ben provides physician clients with solutions that extend beyond achieving financial freedom, ensuring they also have the time to enjoy it.
In this episode, I talk with Ben about his journey from a chemistry background to becoming a renowned financial advisor. We discuss the harmful effects of hustle culture, identifying and preventing burnout, and establishing work-life balance. We also dive into the importance of core habits like reading, writing, exercising, cooking, and how mindfulness or faith can serve as a foundation for financial success. Ben emphasizes the value of knowing âhow much is enoughâ and shares insights into providing a positive impact through financial advising.
In this episode:
[00:00] - Intro[02:04] - Benâs early life and entrepreneurial journey[04:08] - Transition to financial advisory[10:55] - Balancing work and personal life[13:44] - Understanding burnout and workaholism[16:28] - Finding balance in a market economy[20:07] - The FIRE movement: A critical perspective[23:27] - Embracing career longevity[25:16] - Finding fulfillment in work[34:50] - Core habits for personal and financial success[35:47] - The importance of relationships and service[38:07] - Whatâs important to know about BenGet full show notes and links at https://mindful.money.
Watch the episode on YouTube: https://www.youtube.com/@MindfulMoney.
This podcast uses the following third-party services for analysis:
Chartable - https://chartable.com/privacy -
Kalani Leifer is the Founder and CEO of COOP Careers, a company aiming to overcome underemployment through digital skills and peer connections. Kalani began his career as a history teacher at Kappa International High School in the Bronx, NY (with Teach For America). Later, he worked as a consultant at McKinsey in Zurich and Dubai, and as a project leader at Google in California. Kalani grew up in the Bay Area, graduated from Stanford, and earned a masterâs in education from Lehman College, CUNY.
In this episode, I talk with Kalani about the profound impact of peer support and community in navigating career challenges. Kalani shares his unique perspective, shaped by his upbringing on Stanfordâs campus amidst the economic disparities of Palo Alto and East Palo Alto, and his early teaching experiences. We discuss the broken promise of higher education for first-generation college students, many of whom face unemployment or underemployment despite their degrees. Through Kalani's insights, we explore the crucial role of social networks in career advancement and how peer relationships can drive long-term career success and upward economic mobility.
In this episode:
[00:00] - Intro[02:06] - Kalaniâs background and early influences[07:36] - Navigating the challenges of higher education[12:27] - The reality for college graduates[18:35] - Why building and maintaining relationships is so important[26:22] - How COOP Careers works[27:34] - The struggles of job hunting for graduates[28:36] - COOPâs unique curriculum: head, heart, and hustle[31:34] - Challenges in workforce development[33:07] - Networking and the importance of relationships[37:12] - The need for federal and state investment[43:34] - Advice for recent graduates[48:01] - The future of COOP and final thoughtsGet full show notes and links at https://mindful.money.
Watch the episode on YouTube: https://www.youtube.com/@MindfulMoney.
This podcast uses the following third-party services for analysis:
Chartable - https://chartable.com/privacy -
Upcoming Event!
How Can Mindfulness Help You Reach Financial Independence?
Do you want to reduce money anxiety, but donât know who to trust?
Would you like to learn how to set up and manage your own retirement plan?
Do you want to know how we create a passive income stream you canât outlive?
If yes, join us and learn how to answer the 4 critical financial independence questions:
Am I on track for financial independence?What do I need to do to get on track?How do I design a mindful investing portfolio?How do I manage that portfolio and my income over time through changing markets?Learn more: https://courses.mindful.money/financial-independence-bootcamp
In this episode, I speak with Aimée Eubanks Davis, the inspiring Founder and CEO of Braven. Aimée shares her personal journey, from growing up in a hardworking family in Chicago to leading a national nonprofit that empowers first-generation, low-income, and underrepresented college students.
We dive into her experiences and the pivotal moments that shaped her understanding of economic mobility, systemic barriers, and the importance of education. Her passion for creating equitable opportunities shines through as she discusses the importance of internships, social capital, and long-term economic mobility.
Aimée's story is a testament to resilience and the transformative power of opportunity, making this conversation both heartfelt and enlightening. This episode is a must-listen for anyone interested in education, social justice, and the power of community support. Join us for an engaging and motivating discussion that highlights the incredible potential within every student.
đș Watch on YouTubehttps://youtu.be/LB2aKFpxtXI
Key Takeaways00:03:28: Starting and Growing a Family Business
00:10:28: Turning Point in Family's Financial Situation
00:12:24: Moving to the Suburbs and Realizing Economic Differences
00:17:45: Challenges Faced by First-Generation College Students
00:21:37: Introduction to Braven and Its Mission
00:26:01: Measuring Success and Impact of Braven
00:28:00: Unique Approach of Braven in Higher Education
00:31:41: Scaling Braven and Future Goals
00:34:39: Closing the Systematic Loop and Wealth Gap
00:38:23: Long-Term Impact and Wealth Gap Analysis
Tweetable Quotes"One thing that I often talk to people about is how many things are tied together, from education to healthcare to economic mobility.""I think in some ways, I got an accidental education in being an entrepreneur, but also in how systems can actually work against certain people being able to acquire money and wealth over time.""Who you know matters, but it's actually who knows you that matters more. And if you're not in certain networks, you have no idea that an internship matters."Guest ResourcesWebsite - https://braven.org/
LinkedIn - https://www.linkedin.com/in/aimee-eubanks-davis
Facebook - https://www.facebook.com/aimee.eubanksdavis/
Instagram - https://www.instagram.com/aimeeeubanksdavis
Twitter -
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Upcoming Event!
How Can Mindfulness Help You Reach Financial Independence?
Do you want to reduce money anxiety, but donât know who to trust?
Would you like to learn how to set up and manage your own retirement plan?
Do you want to know how we create a passive income stream you canât outlive?
If yes, join us and learn how to answer the 4 critical financial independence questions:
Am I on track for financial independence?What do I need to do to get on track?How do I design a mindful investing portfolio?How do I manage that portfolio and my income over time through changing markets?Learn more: https://courses.mindful.money/financial-independence-bootcamp
In this episode, I speak with TJ van Gerven, a Financial Planner and Founder of Modern Wealth Builders. TJ shares his journey from growing up with contrasting financial influencesâhis father, a self-employed plasterer with a scarcity mindset, and his mother, who came from a more affluent background. We dive into how these experiences shaped his approach to financial planning, particularly for millennials. TJ emphasizes the importance of understanding time horizons when buying a home and the true costs associated with real estate, challenging the common belief that homeownership is always the best investment.
We also explore TJ's innovative approach to financial planning, including his use of a subscription model to make financial advice more accessible to younger clients. He discusses the value of focusing on cash flow, tax planning, and the importance of having a disciplined, rules-based strategy. TJ's insights are not just about numbers; theyâre about helping people use their money as a tool to live better lives. Whether you're considering a sabbatical, navigating equity compensation, or just trying to get a handle on your finances, TJ's practical advice and genuine passion for helping others make this episode a must-listen.
đș Watch on YouTubehttps://youtu.be/ATG2dn18R4I
Key Takeaways00:03:08: Early Lessons on Money and Entrepreneurship
00:07:15: Family Dynamics and Financial Lessons
00:10:24: Career Path from Virginia Tech to Financial Planning
00:13:05: Choosing Financial Services and Early Career Challenges
00:17:29: Conference Experiences and Networking
00:21:07: Financial Advisor's Circle of Competence
00:29:14: Big Issues in Financial Planning: Real Estate and Stock Options
00:32:46: Planning for Sabbaticals and Financial Independence
00:34:48: Simplifying Financial Success for New Couples
00:43:21: Impactful Travel Experiences
Tweetable Quotes"Millennials think that buying a house is this natural progression, and what I try to educate them on is, number one, let's focus on time horizon. That is the biggest factor for a primary residence purchase, in my experience, is understanding how long do you plan to be in this house?""I think the value for advisors moving forward is going to be about making people's lives better in the sense that you're helping them use their money as a tool and not necessarily about maximizing performance, because we know that's kind of commoditized and there's a lot of good solutions for that already.""I just don't think people have the basic financial education around just the concept of compound interest. I think if people understand that with a reasonable expected return, you actually can achieve a meaningful amount of wealth if you have a disciplined saving strategy over a long time... -
Upcoming Event!
How Can Mindfulness Help You Reach Financial Independence?
Do you want to reduce money anxiety, but donât know who to trust?
Would you like to learn how to set up and manage your own retirement plan?
Do you want to know how we create a passive income stream you canât outlive?
If yes, join us and learn how to answer the 4 critical financial independence questions:
Am I on track for financial independence?What do I need to do to get on track?How do I design a mindful investing portfolio?How do I manage that portfolio and my income over time through changing markets?Learn more: https://courses.mindful.money/financial-independence-bootcamp
In this episode, I speak with Amy Schiller; a Writer and Political Philosopher who has spent over 15 years in major gift fundraising. Amy's insights into philanthropy are both profound and practical, as she explores how we can use our resources to truly enrich our communities. We dive into her new book, "The Price of Humanity: How Philanthropy Went Wrong and How to Fix It,"We also discuss the importance of loving humanity in its fullest senseâbeyond just survival, but also our ability to imagine, create, and connect. Amy's perspective is a refreshing take on how philanthropy can be more than just a transaction; it can be a meaningful extension of our values and a way to build a richer civic fabric.
Throughout our conversation, Amy shares her thoughts on the current trends in philanthropy, the pitfalls of a purely ROI-driven approach, and the unique role that philanthropy can play in our society. She highlights inspiring examples, like LeBron James' work in Akron, which beautifully illustrates how giving can be rooted in personal experience and community connection. Amy also touches on the balance between government responsibility and private giving, advocating for a more holistic approach to addressing societal needs. This episode is a must-listen for anyone interested in how we can make our giving more impactful and aligned with our deepest values.
đș Watch on YouTubehttps://youtu.be/BguPrdoWVIU
Key Takeaways00:04:08: Importance of Philanthropy
00:09:46: Cultural Shifts and Philanthropy
00:13:32: Historical Context of Philanthropy
00:16:22: LeBron James' Philanthropy Example
00:19:41: Philanthropy and Hierarchical Dynamics
00:20:42: Philanthropy in a Capitalist Structure
00:23:31: Government for Bread, Philanthropy for Roses
00:24:51: Advisors' Role in Shifting Philanthropy Conversations
00:27:41: Importance of Unrestricted Giving
00:28:48: Local vs. Broader Philanthropy
Tweetable Quotes"Philanthropy is this wonderful opportunity to engage with money as an expression of intrinsic value. Again, not just performance, but something that we feel is beautiful, has an evergreen significance, is important, is outside the utilitarian framework.""I want to make this feeling possible for kids, but it is theirs to absorb in their own autonomous way that I don't need to surveil or control in the future.""Philanthropy is not the right vehicle for meeting those needs. It only heightens the need for social policy and public spending to play that role because that's the only way people are able to access those necessities with a sense of dignity and with a sense of stature."Guest ResourcesWebsite -
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Upcoming Event!
How Can Mindfulness Help You Reach Financial Independence?
Do you want to reduce money anxiety, but donât know who to trust?
Would you like to learn how to set up and manage your own retirement plan?
Do you want to know how we create a passive income stream you canât outlive?
If yes, join us and learn how to answer the 4 critical financial independence questions:
Am I on track for financial independence?What do I need to do to get on track?How do I design a mindful investing portfolio?How do I manage that portfolio and my income over time through changing markets?Learn more: https://courses.mindful.money/financial-independence-bootcamp
In this episode, I speak with Miriam Castilla, a Money Mentor, Author, and Speaker who has a unique approach to financial well-being. Miriam's journey from a broke single mother to a successful business owner is nothing short of inspiring. She combines her background in engineering and finance with her expertise in hypnotherapy and metaphysics to help small business owners create a truly rich life. We dive into her philosophy of marrying the magical with the practical, and how our feelings about money can either attract or repel it. Miriam shares her personal story, including the contrasting money habits of her parents, and how those experiences shaped her understanding of financial success.
We also explore practical strategies for managing cash flow, attracting premium clients, and maintaining a wealth mindset. Miriam emphasizes the importance of having a clear plan for your finances and the power of mindset in achieving financial stability. She offers valuable insights into how business owners can smooth out their income fluctuations and focus on what truly matters. Whether you're struggling with financial stress or looking to take your business to the next level, Miriam's wisdom and practical advice will leave you feeling empowered and ready to make positive changes. Join us for a conversation that blends heartfelt personal stories with actionable financial strategies.
đș Watch on YouTubehttps://youtu.be/z0pHrZ77cC8
Key Takeaways02:40 - Early Lessons About Money
07:47 - Hypnotherapy and Law of Attraction
11:38 - Overcoming Societal Messages About Money
20:32 - Addressing Scarcity Mentality
23:33 - Hypnosis as a Tool for Change
34:27 - Smoothing Cash Flow for Business Owners
40:16 - Attracting Premium Clients
42:47 - Advice to Stop Listening to Others
43:52 - Trusting Yourself Despite Circumstances
46:23 - Personal Insights About Miriam
Tweetable Quotes"The way you feel about money will either make you magnetic to it or make you repel it unconsciously. If you feel uncomfortable asking to be paid or invoicing people, that will come through in your energy, and we all pick up on this unconsciously.""It's really got nothing to do with your level of income; it's got to do with your money habits. It's about being mindful about money and thinking about what you're actually doing with the money you have, not when the money will come that will suddenly change everything.""When you expect something to happen, it is so much more likely to happen. If you're out there discounting and pitching for really cheap hourly rates, you're going to attract people who don't value you. You need to become the person you want to attract."Guest ResourcesWebsite -
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Upcoming Event!
How Can Mindfulness Help You Reach Financial Independence?
Do you want to reduce money anxiety, but donât know who to trust?
Would you like to learn how to set up and manage your own retirement plan?
Do you want to know how we create a passive income stream you canât outlive?
If yes, join us and learn how to answer the 4 critical financial independence questions:
Am I on track for financial independence?What do I need to do to get on track?How do I design a mindful investing portfolio?How do I manage that portfolio and my income over time through changing markets?Learn more: https://courses.mindful.money/financial-independence-bootcamp
In this episode, I speak with John Crane, a Seasoned Financial Advisor with over two decades of experience. John has a unique approach to personal finance, especially when it comes to budgeting. He shares his journey from struggling with traditional budgeting methods to developing the "One Number Budget" system, which simplifies the process and makes it more manageable for his clients. We dive into his book, published in 2022, where he outlines this innovative approach. Johnâs passion for making a difference in people's lives is evident, and he aims to be the go-to person for his clients when they face significant financial decisions.
John also opens up about his personal experiences, from his early entrepreneurial endeavors as a teenager to his career shift from corporate America to financial advising. He emphasizes the importance of cash flow management and the psychological aspects of financial decisions. We discuss the challenges of traditional budgeting, the benefits of his one number budget, and the importance of being over-prepared for the future. Johnâs insights are practical and grounded, making this episode a must-listen for anyone looking to simplify their financial planning and achieve greater financial stability. Join us for an engaging conversation that blends personal stories with valuable financial wisdom.
đș Watch on YouTubehttps://youtu.be/i69QwBGZVNM
Key Takeaways00:02:06: Early Life and Career Beginnings
00:05:33: Family Background and Money Conversations
00:08:48: Realization and Career Change
00:17:20: Economic vs. Psychological Financial Decisions
00:20:17: Traditional Budgets and Their Failures
00:22:22: Budgeting Apps and Their Limitations
00:26:19: Over-Preparedness in Financial Planning
00:29:21: Importance of Cash Flow Management
00:33:24: Potential Future Book Topics
00:36:56: Impactful Travel Experience
Tweetable Quotes"I realized pretty quickly that if I had my own money, then I could make a lot of my own decisions. And I liked that.""Health and fitness are not the same thing. I was physically fit, but I wasn't really healthy. They require different disciplines.""Cash flow management is the single greatest determinant of financial success or failure. Your ability to manage cash flow will make the difference as to whether or not you're a success financially."Guest ResourcesWebsite - https://www.cranefinancial.com/
LinkedIn - https://www.linkedin.com/in/johncrane/
Book MentionedThe One-Number Budget: Why Traditional Budgets Fail and What to Do About It -
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Upcoming Event!
How Can Mindfulness Help You Reach Financial Independence?
Do you want to reduce money anxiety, but donât know who to trust?
Would you like to learn how to set up and manage your own retirement plan?
Do you want to know how we create a passive income stream you canât outlive?
If yes, join us and learn how to answer the 4 critical financial independence questions:
Am I on track for financial independence?What do I need to do to get on track?How do I design a mindful investing portfolio?How do I manage that portfolio and my income over time through changing markets?Learn more: https://courses.mindful.money/financial-independence-bootcamp
In this episode, I speak with Mick Heyman, a Seasoned Financial Analyst and Founder of Heyman Investment Counseling. With over 40 years in wealth management, Mick brings a unique perspective that blends formal education in economics with a deep understanding of human psychology and philosophy. We dive into his book; "Mellow Your Money: How to Surf the Market and Build Wealth Without Stressing Yourself Out," and explore how emotions drive market behavior. Mick shares his insights on the importance of understanding our own emotions to avoid making poor investment decisions. He explains how his interest in literature, particularly Dostoevsky and Tolstoy, has prepared him for a career on Wall Street better than any statistics course ever could.
Throughout our conversation, Mick's warmth and genuine appreciation for the wisdom he has gained over the years shines through. We discuss the concept of "benign neglect" in investing, the importance of mindfulness and meditation in managing stress. He also shares how to differentiate between real and perceived risks. Mick's stories, from his early career lessons to his personal experiences with meditation, offers valuable takeaways for anyone looking to improve their financial well-being. Whether you're a seasoned investor or just starting out, Mick's practical advice and relatable anecdotes will leave you feeling more confident and inspired to take control of your financial future.
Join us for an engaging and enlightening discussion that promises to change the way you think about money and investing.
đș Watch on YouTubehttps://youtu.be/tPI4mJrWbZY
Key Takeaways00:02:00: The Spirituality of Investing
00:15:43: Warren Buffett's Investment Advice
00:18:21: The Role of Emotions in Investing
00:19:48: Mindfulness and Meditation in Investing
00:30:22: Determining Risk Tolerance
00:38:01: A Question About the Future
Tweetable Quotes"If we don't understand ourselves and don't understand the emotions that drive us, we will make mistakes at the wrong time. The rules are simple, but it's not easy to follow them when the market's going down or way up.""For most of us, the strategy of benign neglect is what we should be doing most of the time. You don't want to sit and do nothing forever, but for the main part, having good quality companies and not doing much with your portfolio is often the best approach.""My daily meditation practice allowed me to accept uncertainty, live without having to be sure, and be more present and appreciative in the moment. It made me a better person and a better investor."Guest ResourcesWebsite - https://www.mellowyourmoney.com
LinkedIn -
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Upcoming Event!
How Can Mindfulness Help You Reach Financial Independence?
Do you want to reduce money anxiety, but donât know who to trust?
Would you like to learn how to set up and manage your own retirement plan?
Do you want to know how we create a passive income stream you canât outlive?
If yes, join us and learn how to answer the 4 critical financial independence questions:
Am I on track for financial independence?What do I need to do to get on track?How do I design a mindful investing portfolio?How do I manage that portfolio and my income over time through changing markets?Learn more: https://courses.mindful.money/financial-independence-bootcamp
In this episode, I speak with Victor Haghani, a Seasoned Financial Expert whose journey through the realms of high finance is nothing short of enlightening. Victor shares his rich history of Long-Term Capital Management. From his early days in New York and Iran to his pivotal roles at Salomon Brothers and finally to founding Elm Wealth. His insights into the evolution of his investment strategies, particularly his shift from high-stakes trading to a more sustainable, mindful approach to personal wealth management, are not just educational but deeply relatable. Victor's recent work, including his book "The Missing Billionaires," offers a fresh perspective on making sound financial decisions, which he discusses with a clarity that resonates well beyond the finance-savvy audience.
The conversation dives into the practicalities of investing, the common pitfalls of financial decision-making, and the psychological aspects that often trip up even the most astute investors. Victor's approach to simplifying complex financial concepts and his emphasis on learning from past investment outcomes make this discussion a must-listen for anyone looking to navigate the often turbulent waters of personal finance. His personal anecdotes, combined with a straightforward breakdown of investment principles, provide a roadmap that encourages a more thoughtful, disciplined approach to managing money.
Join us as we discuss actionable advice that promises to empower you to take control of your financial future with confidence and a newfound understanding.
đș Watch on YouTubehttps://youtu.be/jtRbUALvmcA
Key Takeaways00:03:34: Early Lessons About Money
00:07:50: Transition from LTCM to Personal Investing
00:11:39: The Story of 120,000 Missing Billionaires
00:15:14: Impact of Fees and Biases on Investment
00:23:19: Discussion on Mindfulness in Investing
00:32:23: Simplifying Investment Advice for Consumers
Tweetable Quotes"You can't get return without taking risk, but you can have risk without getting return. Realizing that if somebody turns up and says, 'Here's a 20% investment return with virtually no risk,' you should know that that clock is broken. That's not the way that markets work.""Humility for markets and respect for markets are essential. Every time you pick a stock or own a portfolio that's not the market portfolio, there's somebody saying they have the opposite belief to you, and that person is likely smarter or more informed than you are.""The recent past is not a guide to what's going to happen in the future. Return chasing, thinking that what has been hot will continue to be hot, often leads to poor investment decisions. It's important to look forward and not just rely on what has happened."Guest ResourcesWebsite -
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