Mindful Money

Kathryn Peyton is a certified financial advisor at Abacus Wealth. At an early age, Kathryn was impacted by her parents’ financial habits of care and caution around money. But then, something changed for Kathryn as she began to realize that successful investing is attainable for everyday people. Thus began a lifelong fascination with all things money- and economics- related.

Today, Jonathan and Kathryn talk about the work they both do as advisors in helping to set their clients up for financial success. Kathryn speaks to the joy she received when her clients see their financial future making sense and growing more secure. Kathryn discusses the importance of choosing a financial advisor based on the personality fit and the ability to truly be heard. She talks about two of the most basic, yet important, rules for a successful financial life and some of the financial resources she likes to consume.

Kathryn believes that the system for saving money and building wealth in this country is corrupt, overly complex and impossible to navigate for many folks. My job is to be a translator and a door opener, and to help people reach their dreams in a conscious, purposeful way.

https://youtu.be/BVDAgstZ7So

00:01 – Jonathan introduces today’s guest, Kathryn Peyton, who joins the show to share some of the

early lessons she learned about money growing up

04:51 – Shifting financial dynamics between men and women

07:29 – Kathryn’s journey to becoming a financial advisor

14:21 – Kathryn speaks to her role and how she manages her clients expectations

17:03 – The incredible value that advisors can provide

20:04 – Three critical questions to ask potential advisors

21:46 – Differentiating between what does and doesn’t work

25:48 – Resources that Kathryn reads on a regular basis

31:07 – Something Kathryn changed her mind about recently

32:01 – One thing that Kathryn wishes people knew about her

33:58 – Jonathan thanks Kathryn for joining the show and lets listeners know where to connect with her

“I would say that the most profound money lesson that I got was that money, or lack thereof, can change everything for a family in an instant.” (02:17)

“The reason I really got interested in investing was because my husband has always been the primary breadwinner and I always managed the financial side of life.” (08:49)

“Abacus has a very specific investment philosophy and outlook. And it works for a lot of people really well, but it doesn’t work for everybody.” (15:30)

“The most important question really is not a question at all; it’s a personality fit. You want to make sure that you feel comfortable talking to that person, that they listen to you, and that they hear what you’re saying and they don’t steer you in a specific direction.” (20:18)

“Those are probably the two most important things of a nitty gritty financial life. It’s living below your means and automating everything.” (23:22)

“I’m in this job for a purpose. There’s a reason that I’m here. It’s not just because I’m interested in a topic. It’s because I feel like it’s really hard to do this well. There are so many ways to get lost and to get tracked in the wrong direction. And it’s so hard to figure out what the right thing to do is. And I have seen that impact with my parents, with friends and with clients. I really do have a personal mission about doing this job.” (32:17)

Kathryn’s LinkedIn – https://www.linkedin.com/in/kathrynpeyton/

Kathryn’s Email – [email protected]

Link to Kiplinger Magazine – https://subscription.kiplinger.com/

Link to AARP Magazine – https://www.aarp.org/?_ga=2.267441230.1351018858.1649989667-1600706723.1649989667

Link to Barry Ritholtz’s Blog – https://ritholtz.com/

For all the free stuff at Mindful Money: https://mindful.money/resources

To buy Jonathan’s first book - Mindful Money: https://www.amazon.com/Mindful-Money-Practices-Financial-Increasing/dp/1608684369

To buy Jonathan’s second book – Mindful Investing: https://www.amazon.com/Mindful-Investing-Outcome-Greater-Well-Being/dp/1608688763

Subscribe to Jonathan’s Weekly Newsletter: https://courses.mindful.money/email-opt-in

Capture the most important benefit of an advisor – behavioral support – without the 1% fee: https://courses.mindful.money/membership

For more complex, one on one financial planning and investing support with Jonathan or a member of Jonathan’s team: https://www.epwealth.com/our-team/berkeley/jonathan-deyoe/

Website: https://mindful.money

Jonathan on LinkedIn: https://www.linkedin.com/in/jonathandeyoe

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Leisa Peterson is the Founder of The Wealth Clinic and author of the Amazon best-seller The Mindful Millionaire. Leisa is also the host of The Mindful Millionaire podcast, a show that features inspiring discussions, interviews and commentary aimed at teaching self-mastery and practical financial wisdom. Leisa is a mindfulness teacher and long-time finance-pro, who joins the show today to share her expertise. Today, Jonathan and Leisa touch on the topic of financial trauma and how it can have such a profound impact on a person’s financial future. Leisa provides her thoughts on the dangers of having a scarcity mindset and what affect it can have on your finances. They talk about the importance of teaching financial literacy, especially to young people, in order to foster financial success. Finally, Lesia speaks to the value of applying a mindful approach to money and highlights a bold move each of us can aspire to for a better financial future.

https://youtu.be/FwNGo9jNB_k

00:03 – Jonathan introduces today’s guest, Leisa Peterson, who joins the show to share some of the early lessons she learned about money growing up and discusses the concept of financial trauma

07:27 – Leisa provides examples of financial trauma she’s witnessed throughout her career

15:23 – Lesia reflects on her own career development

20:20 – How trauma affects financial success

25:35 – The dangers of having a scarcity mindset

26:53 – The importance of teaching young people financial literacy

32:02 – The Less Than Fifty Percent Rule

36:15 – Questioning the assumptions of what you value

39:08 – Something Leisa changed her mind about recently

41:13 – One thing that Leisa wishes people knew about her

42:53 – Jonathan thanks Leisa for joining the show and lets listeners know where to learn more about her

“You have to control your destiny because your destiny is not going to just deliver itself on your front porch.” (05:45)

“What I think is first and foremost the most important thing is that you can’t just tell yourself affirmations or read a book to change how you feel about yourself. What I have seen is you actually need to be in the presence of a mentor and a group of people who are shifting that at the same time. You have to be an example of it on a regular basis.” (08:28)

“I am in a ‘Take Out More’ space because I am enough, because I see the value that I’m creating in the world. And that starts to create feedback loops because the business, or the money, starts to come in but it’s fueled by this sense of self that is not prideful but fully enveloping the life and the care and the compassion and the love that we bring into what we’re doing. It’s a much fuller experience than most people give themselves permission to live.” (14:19)

“It’s helpful to show people their patterns, such as, ‘This is what it feels like to be stuck in scarcity and let me show you what it looks like on the other side because I want you to be able to do this for yourself in the future.’ And I’ll start to show them the possibilities that they’re not even aware.” (26:12)

“The idea that you could have all of your necessity expenses at less than fifty percent of the income coming into your home is a game changer.” (33:13)

Leisa’s Websites –  https://www.wealthclinic.com/ 

https://www.mindfulmillionairebook.com/ 

Leisa’s Podcast – 

https://podcasts.apple.com/us/podcast/mindful-millionaire-with-leisa-peterson/id1507801376 

Leisa’s Book: 

The Mindful Millionaire – 

https://www.amazon.com/Mindful-Millionaire-Overcome-Experience-Prosperity/dp/1250261910/ref=asc_df_1250261910/?tag=hyprod-20&linkCode=df0&hvadid=509245866633&hvpos=&hvnetw=g&hvrand=15624224005950802587&hvpone=&hvptwo=&hvqmt=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9004216&hvtargid=pla-923685320075&psc=1

For all the free stuff at Mindful Money: https://mindful.money/resources

To buy Jonathan’s first book - Mindful Money: https://www.amazon.com/Mindful-Money-Practices-Financial-Increasing/dp/1608684369

To buy Jonathan’s second book – Mindful Investing: https://www.amazon.com/Mindful-Investing-Outcome-Greater-Well-Being/dp/1608688763

Subscribe to Jonathan’s Weekly Newsletter: https://courses.mindful.money/email-opt-in

Capture the most important benefit of an advisor – behavioral support – without the 1% fee: https://courses.mindful.money/membership

For more complex, one on one financial planning and investing support with Jonathan or a member of Jonathan’s team: https://www.epwealth.com/our-team/berkeley/jonathan-deyoe/

Website: https://mindful.money

Jonathan on LinkedIn: https://www.linkedin.com/in/jonathandeyoe

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George Kinder is the Founder of The Kinder Institute of Life Planning and the author of multiple bestsellers, including The Seven Stages of Money Maturity and Life Planning for You. He has revolutionized financial advice for more than 35 years by training over 4,000 professionals in 30 countries in the field of financial Life Planning. George has won many awards in the financial planning industry, and was named one of the thirty-five most influential people in financial services. 

Today, Jonathan and George talk about the psychology of money and where George’s unique perspective on money originated. George expounds on The Three Domains of Freedom and why he believes that life outcomes are more important than financial ones. Finally, George talks about his current project, Reflections on Spectacle Pond, which is being released serially (for free) via email.

https://youtu.be/ShrEFj27Ubg

00:43 – Jonathan introduces today’s guest, George Kinder who joins the show to share some of the early lessons he learned about money growing up 

05:32 – George expounds on his views on money 

07:48 – Where George’s unique perspective on money originated 

10:52 – Why life outcomes are more important than financial outcomes 

12:10 – The Three Domains of Freedom 

16:13 – The transition from financial advisor to training financial advisors 

22:31 – The psychology of money 

25:45 – Financial tips and best practices 

30:35 – What people should ignore when it comes to finances 

31:50 – The art of inner listening 

35:37 – Jonathan thanks George for joining the show and asks a couple of closing inquiries 

“As I’ve grown older and explored more, I think that the lessons were deeper, and earlier, and richer, and went back even before money was a conscious thing for me.” (03:39)

“Money is an abstraction. What’s important is life, each of our lives, and the freedom we feel in life.” (04:57) 

“I want to live with my writing, with my spirit, with my graphics, with my art. I want to live like an artist. I want to live completely free in that world so that what I bring into the world is pure, and unusual, and intriguing, and not governed by financial forces.” (11:27) 

“I think the Dalai Lama said this, but I completely concur. I think it’s an enormous moral failure in America, and in the West, that three men own as much as half of the American population own.” (15:36) 

“Saving is really valuable. The more you can save, the better. And the more early on you can save and put it to use so it compounds, it’s just amazing.” (26:58) 

“When I think about what I would love as a tombstone - what people might say about me - is that he encouraged us to be more of who we are. He encouraged us to be more ourselves.” (37:07) 

George’s Websites – https://www.kinderinstitute.com/george-kinder/

https://www.georgekinder.com/

Reflections on Spectacle Pond: The Weekly Edition

George’s Books: 

Seven Stages of Money Maturity – 

https://www.amazon.com/gp/product/B006V3E2YU/ref=dbs_a_def_rwt_bibl_vppi_i0  

Life Planning for You – 

https://www.amazon.com/gp/product/B00KOEXZIQ/ref=dbs_a_def_rwt_bibl_vppi_i2

Transforming Suffering Into Listening – 

https://www.amazon.com/Transforming-Suffering-into-Wisdom-Mindfulness/dp/0979174333 

For all the free stuff at Mindful Money: https://mindful.money/resources

To buy Jonathan’s first book - Mindful Money: https://www.amazon.com/Mindful-Money-Practices-Financial-Increasing/dp/1608684369

To buy Jonathan’s second book – Mindful Investing: https://www.amazon.com/Mindful-Investing-Outcome-Greater-Well-Being/dp/1608688763

Subscribe to Jonathan’s Weekly Newsletter: https://courses.mindful.money/email-opt-in

Capture the most important benefit of an advisor – behavioral support – without the 1% fee: https://courses.mindful.money/membership

For more complex, one on one financial planning and investing support with Jonathan or a member of Jonathan’s team: https://www.epwealth.com/our-team/berkeley/jonathan-deyoe/

Website: https://mindful.money

Jonathan on LinkedIn: https://www.linkedin.com/in/jonathandeyoe

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Podcast Production & Marketing by FullCast

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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.

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