Mindful Money

Jonathan DeYoe

Do you struggle with money? You’re not alone. Money is a means, not an end. It’s a necessity of life for sure, but more money does not always guarantee a “good life”. Money enables many aspects of modern life, but as a dominant consideration it becomes destructive. The paradox is that more time and energy spent on personal finance does NOT create better outcomes. Unlike many other parts of life, we can’t create better outcomes by being smarter, spending more time, or putting in more effort. Join Mindful Money author and experienced 40-year investor Jonathan DeYoe as he shares stories from artists, authors, entrepreneurs, and other advisors about how they mindfully minimize their need to think about money and get more out of life. If you aren’t happy with your finances, feel like money takes more time that it should, or want to place your financial decisions into the broader context of your life, this show is for you. Each episode will draw the line between the “enough” activities that the academics tell us are additive to family outcomes, and those “little bit more” efforts that take time and sap energy, but do NOT improve outcomes. read less
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Episodios

George Kinder — The Three Domains of Freedom: Redefining Life, Money, and Mindfulness with George Kinder
04-12-2024
George Kinder — The Three Domains of Freedom: Redefining Life, Money, and Mindfulness with George Kinder
George Kinder is an author and international thought leader. Known in the financial industry as the father of Life Planning, George authored three books on money as he revolutionized client-centered financial advice through experiential trainings for thousands of advisors from more than 30 countries across six continents. In this episode, I talk with George about his latest book, The Three Domains of Freedom, which explores achieving freedom through mindfulness, purposeful living, and societal change. We dive into the power of contemplative practices, the balance between financial necessity and personal growth, and the need for a fiduciary standard across all institutions to foster truth, democracy, and sustainability. George challenges us to embrace mindfulness as a tool for moment-to-moment mastery and discusses how intentional life planning can unlock true freedom. We also address systemic issues like economic inequality and environmental crises, offering hopeful solutions rooted in shared responsibility and ethical leadership.  In this episode: (00:00) - Intro (03:04) - George’s background and life journey (05:16) - The financialization of life and its impact (09:30) - The importance of mindfulness and contemplative practices (17:15) - The Three Domains of Freedom (21:43) - Reflecting on life’s final moments (22:34) - The importance of relationships and legacy (24:00) - Exploring the third domain of freedom (27:21) - The fiduciary concept and its impact (29:42) - Global standards and the prisoner’s dilemma (32:18) - Revolutionizing corporate responsibility (39:20) - Personal reflections and final thoughts Get full show notes and links at https://mindful.money.  Watch the episode on YouTube: https://www.youtube.com/@MindfulMoney.
Jordan Grumet — Breaking the Mirage: How to Find True Purpose Beyond Wealth with Jordan Grumet
20-11-2024
Jordan Grumet — Breaking the Mirage: How to Find True Purpose Beyond Wealth with Jordan Grumet
Jordan Grumet found the spark to become a doctor after a deeply personal event reshaped his life's trajectory. The unexpected loss of his father, an oncologist, ignited a passion within him to practice medicine and instilled a unique vantage point that later melded seamlessly with his financial expertise. This convergence of roles has spurred him to explore profound notions like wealth, abundance, and financial independence with a thoughtful and critical lens. In this episode, I talk with Jordan about the shift from chasing societal ideals to building true purpose. Jordan shares insights from his new book, The Purpose Code, emphasizing how embracing community and aligning with personal anchors of joy can lead to a fulfilling life. We also discuss the psychological impact of social media, generational trauma vs. generational growth, and the challenges of defining a moral and ethical life. In this episode: (00:00) - Intro (03:24) - Jordan's early life and career (07:44) - The mirage of wealth (12:06) - Purpose and community (13:55) - Lack of authenticity, purpose, and economics (15:28) - Little "p" purpose vs. big "P" purpose (20:34) - Purpose and impact (24:11) - Generational trauma vs generational growth (29:17) - Discovering Purpose Anchors (32:17) - How to engage in your chosen purpose (33:21) - Jordan's social media habits (37:11) - The ultimate question of morality (38:56) - Connect with Jordan Get 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
133: Brian Herriot - The Time Freedom Equation: Unlocking the Secret to Doing More of What You Love
13-11-2024
133: Brian Herriot - The Time Freedom Equation: Unlocking the Secret to Doing More of What You Love
Brian Herriot writes and speaks about the power of time freedom. As a financial coach and founder of Choosy Consultant, he helps mid-career professionals escape the corporate grind. His frameworks for personal growth and financial success all start with taking back control of our one truly limited resource: time. In this episode, I talk with Brian about finding freedom and balance in your career. Brian shares insights from his journey as a consultant and founder of Choosy Consultant, where he helps mid-career professionals design lives that prioritize time over money. Emphasizing the importance of self-reflection, Brian advocates for “lifestyle freedom”—the ability to define and pursue personal success without succumbing to conventional career pressures. We discuss strategies for avoiding burnout, reimagining financial goals, and aligning one’s career with core values. Brian also touches on “the smile curve” of happiness and how he restructured his life to enjoy summers at a lakeside cabin, inspiring others to envision work as a means to support meaningful living. In this episode: (00:00) - Intro (01:02) - Meet Brian Harriot (03:37) - The path to entrepreneurship (06:36) - The importance of time and lifestyle freedom (07:35) - Career arc and founding Choosy Consultant (10:57) - Balancing financial and professional freedom (17:49) - The Smile Curve: Understanding life’s happiness arc (21:50) - Navigating midlife transitions (24:55) - Creative financial solutions (25:45) - Breaking conventional thinking (28:04) - Understanding the corporate grind (30:05) - Balancing entrepreneurship and personal life (41:02) - Investment strategies (43:17) - Personal reflections Get 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
124: Modular Financial Planning 02: Defining What is Truly Worth Seeking
11-09-2024
124: Modular Financial Planning 02: Defining What is Truly Worth Seeking
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 steps Get 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
123: Modular Financial Planning 01: The Essentials of Financial Planning
04-09-2024
123: Modular Financial Planning 01: The Essentials of Financial Planning
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) - What’s in store for this series Get 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
122: Matt Wilkerson — Bridging the Gap Between Education and Employment with Externships
28-08-2024
122: Matt Wilkerson — Bridging the Gap Between Education and Employment with Externships
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 Extern’s model seeks to reimagine the pathway from education to employment.  In this episode: (00:00) - Introduction to Extern’s vision (01:05) - Meet Matt Wilkerson (01:49) - Matt’s 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 graduates Get 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
121: Mark Murphy — The Entrepreneur's Journey: Mark Murphy on Confidence, Wealth, and Purpose
21-08-2024
121: Mark Murphy — The Entrepreneur's Journey: Mark Murphy on Confidence, Wealth, and Purpose
Mark Murphy, CEO of Northeast Private Client Group, is an accomplished author, speaker, and motivator who’s 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 “Ikigai” framework for finding passion and purpose in one’s career. In this episode: (00:00) - Welcome to Mindful Money (00:59) - Meet Mark Murphy (01:55) - Mark’s 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) - Mark’s perfect day (23:52) - The last thing Mark changed his mind about Get 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
120: Scott Rick — Navigating Money and Relationships: Insights from Behavioral Decision Researcher Scott Rick
14-08-2024
120: Scott Rick — Navigating Money and Relationships: Insights from Behavioral Decision Researcher Scott Rick
Scott Rick is a marketing professor at the University of Michigan’s 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. Martin’s 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) - Scott’s 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 takeaways Get 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
119: Vicki Robin — Embracing Enoughness: Vicki Robin on Financial Independence and Sustainable Living
07-08-2024
119: Vicki Robin — Embracing Enoughness: Vicki Robin on Financial Independence and Sustainable Living
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 what’s 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 “enoughness” to financial independence. We explore Vicki’s 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) - Vicki’s 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 travel Get 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
118: Darla Bishop — From Scarcity to Abundance: Transforming Financial Mindsets with Darla Bishop
31-07-2024
118: Darla Bishop — From Scarcity to Abundance: Transforming Financial Mindsets with Darla Bishop
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. Bishop’s 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 growth Get 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
117: Jessica Perrone — A Guide to Financial Empowerment with Jessica Perrone
24-07-2024
117: Jessica Perrone — A Guide to Financial Empowerment with Jessica Perrone
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. Jessica’s 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 connect Get 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