Mindful Money

By Jonathan DeYoeBusiness Entrepreneurship Education Investing How To

Mindful Money episodes

July 03, 2024114: Kalani Leifer — The Economics of Higher Education and the Power of Peer Support
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 master’s 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 Stanford’s 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] - Kalani’s 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] - COOP’s 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 thoughts

Get full show notes and links at https://mindful.money.
Watch the episode on YouTube: https://www.youtube.com/@MindfulMoney.
52 min
June 26, 2024113: Aimée Eubanks Davis - From Hardship to Hope: Aimée Eubanks Davis' Astonishing Story
Upcoming Event!
How Can Mindfulness Help You Reach Financial Independence?
Do you want to reduce money anxiety, but don’t 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 can’t 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.
📺 Watch on YouTube
https://youtu.be/LB2aKFpxtXI
Key Takeaways
00:03:28: 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 Resources
Website - 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 - https://twitter.com/eubanksdavis
Mindful Money Resources
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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48 min
June 19, 2024112: TJ van Gerven - Millennials' Homeownership Secrets Unveiled
Upcoming Event!
How Can Mindfulness Help You Reach Financial Independence?
Do you want to reduce money anxiety, but don’t 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 can’t 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 influences—his 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; they’re 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.
📺 Watch on YouTube
https://youtu.be/ATG2dn18R4I
Key Takeaways
00:03:08: 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 frame."Guest Resources
Website - https://modernwealthbuilders.com
LinkedIn - https://www.linkedin.com/in/tjvangerven/
Facebook - https://www.facebook.com/modernwealthbuilders/
Instagram - https://www.instagram.com/modernwealthbuilders/?hl=en
Twitter - https://twitter.com/TJvanGerven
Mindful Money Resources
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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46 min
June 12, 2024111: Amy Schiller - Revolutionizing Philanthropy: Amy Schiller's Vision
Upcoming Event!
How Can Mindfulness Help You Reach Financial Independence?
Do you want to reduce money anxiety, but don’t 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 can’t 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 sense—beyond 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.
📺 Watch on YouTube
https://youtu.be/BguPrdoWVIU
Key Takeaways
00:04:08: 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 Resources
Website - https://www.amybessschiller.com/
LinkedIn - https://www.linkedin.com/in/amyschiller
Facebook - https://www.facebook.com/amytheschill
Instagram - https://www.instagram.com/amytheschill/
Twitter - https://twitter.com/AmyTheSchill
Book Mentioned
The Price of Humanity: How Philanthropy Went Wrong and How to Fix It - https://www.amazon.com/Price-Humanity-Philanthropy-Went-Wrong_And/dp/1685890229
Mindful Money Resources
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
🎙️
Podcast Production & Marketing by FullCast
Back to Podcast Homepage
34 min
June 05, 2024110: Miriam Castilla - From Broke to Six Figures: Miriam Castilla’s Journey of Financial Empowerment
Upcoming Event!
How Can Mindfulness Help You Reach Financial Independence?
Do you want to reduce money anxiety, but don’t 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 can’t 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.
📺 Watch on YouTube
https://youtu.be/z0pHrZ77cC8
Key Takeaways
02:40 - 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 Resources
Website - https://miriamcastilla.com
LinkedIn - https://au.linkedin.com/in/miriamcastilla
Facebook - https://www.facebook.com/miriamcastilla.author/
Instagram - https://www.instagram.com/miriam_castilla/
Twitter - https://twitter.com/miriam_castilla
Book Mentioned:
The (5min) Magnetic Money Management System: A Pocket Guide to Help You Manage Your Money with Confidence in Just 5min a Week - EVEN IF You Have Irregular Income! - https://www.amazon.com/5min-Magnetic-Money-Management-System/dp/B0C87M9S3Q
Mindful Money Resources
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
🎙️
Podcast Production & Marketing by FullCast
Back to Podcast Homepage
50 min
May 29, 2024109: John Crane - Mastering Cash Flow: Insights from Financial Advisor John Crane
Upcoming Event!
How Can Mindfulness Help You Reach Financial Independence?
Do you want to reduce money anxiety, but don’t 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 can’t 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. John’s 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. John’s 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.
📺 Watch on YouTube
https://youtu.be/i69QwBGZVNM
Key Takeaways
00:02:06: 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 Resources
Website - https://www.cranefinancial.com/
LinkedIn - https://www.linkedin.com/in/johncrane/
Book Mentioned
The One-Number Budget: Why Traditional Budgets Fail and What to Do About It - https://www.amazon.com/One-Number-Budget-Traditional-Budgets-About/dp/1544533659
Mindful Money Resources
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
🎙️
Podcast Production & Marketing by FullCast
Back to Podcast Homepage
Disclaimer
This podcast is intended for general public use. By providing this content, Park Avenue Securities LLC and your financial representative are not undertaking to provide investment advice or make a recommendation for a specific individual or situation, or to otherwise act in a fiduciary capacity. The Mindful Money Podcast is not affiliated with or endorsed by PAS, Guardian, or Crane Financial and opinions stated are their own.
John W. Crane, Registered Representative and Financial Advisor of Park Avenue Securities LLC (PAS). OSJ: 11350 McCormick Road, Executive Plaza III, Suite 202, Hunt Valley, MD, 21031, 667-318-0801. Securities products and advisory services offered through PAS, member FINRA, SIPC.
Financial Representative of The Guardian Life Insurance Company of America® (Guardian), New York, NY. PAS is a wholly owned subsidiary of Guardian. Crane Financial LLC is not an affiliate or subsidiary of PAS or Guardian. CA Insurance License Number - 0G79065.
Compliance # 2024-168593 , Exp 06/2025
39 min
May 22, 2024108: Mick Heyman - How Mick Heyman Stays Calm in Financial Storms
Upcoming Event!
How Can Mindfulness Help You Reach Financial Independence?
Do you want to reduce money anxiety, but don’t 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 can’t 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.
📺 Watch on YouTube
https://youtu.be/tPI4mJrWbZY
Key Takeaways
00:02:00: 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 Resources
Website - https://www.mellowyourmoney.com
LinkedIn - https://www.linkedin.com/in/michael-mick-heyman-cfa-b417bb16/
Book Mentioned
Mellow Your Money: How to Surf the Market and Build Wealth Without Stressing Yourself Out - https://www.amazon.com/Mellow-Your-Money-Stressing-Yourself/dp/B0CBL6YGB6
Mindful Money Resources
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
🎙️
Podcast Production & Marketing by FullCast
Back to Podcast Homepage
41 min
May 15, 2024107: Victor Haghani - True Costs of Trading and Investment Biases
Upcoming Event!
How Can Mindfulness Help You Reach Financial Independence?
Do you want to reduce money anxiety, but don’t 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 can’t 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.
📺 Watch on YouTube
https://youtu.be/jtRbUALvmcA
Key Takeaways
00:03:34: 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 Resources
Website - https://www.elmwealth.com
LinkedIn - https://www.linkedin.com/in/victorhaghani/
Book Mentioned:
The Missing Billionaires: A Guide to Better Financial Decisions -
https://www.amazon.com/Missing-Billionaires-Better-Financial-Decisions/dp/1119747910
Mindful Money Resources
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
🎙️
Podcast Production & Marketing by FullCast
Back to Podcast Homepage
39 min
May 08, 2024106: Jason Feifer - Moving From Fear to Opportunity and Turning Challenges Into Success
Upcoming Event!
How Can Mindfulness Help You Reach Financial Independence?
Do you want to reduce money anxiety, but don’t 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 can’t 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 Jason Feifer, the Editor-in-Chief of Entrepreneur magazine. We discuss the constant evolution of technology and its impact on society, a theme Jason explores deeply through his professional and personal experiences.
Jason shared insights on how historical technological advancements, like the telegraph, were perceived as transformative in their time, much like the internet and AI today. The conversation also covered the importance of adapting to change and the potential personal growth that can come from unexpected challenges.
Jason shared a personal anecdote about how a difficult lawsuit, which initially seemed like a career setback, inadvertently steered him towards a more stable and rewarding path. This experience underscored his message about the importance of resilience and adaptability in both personal and professional life.
Join us as we explore his perspective on viewing change as an opportunity rather than a threat. His approach to life and career challenges serves as a valuable lesson for anyone looking to navigate the complexities of modern work environments and technological advancements.
📺 Watch on YouTube
https://youtu.be/5RBYNRioMe0
Key Takeaways
00:05:32 - Transition from media to entrepreneurship
00:09:17 - Control your destiny through entrepreneurship
00:10:31 - Discussion on incremental vs. exponential growth
00:17:04 - Historical perspective on change and innovation
00:22:51 - Addressing fear and resistance to new technologies
00:30:31 - Advice on adapting to change and creating a personal mission statement
Tweetable Quotes"Life feels like it's changing because it's only relative to what we were familiar with growing up. But every time in modern history is a time of great change. Some of those times were more transformative than the ones we're going through now.""Develop a mission statement for yourself that is not anchored to something easily changeable. For example, instead of 'I am a magazine editor,' mine is 'I tell stories in my own voice.' This helps identify your transferable value and understand who you are in times of change.""Life is not linear; it's reactive. We often fear that a new thing will destroy us... Instead, what we do is react in ways that may not have made sense before whatever new input came along. This reaction can ping us in a completely different direction, potentially leading to new opportunities."Guest Resources
Website - https://jasonfeifer.com
Facebook - https://www.facebook.com/jasonfeifer
Instagram - https://instagram.com/heyfeifer
LinkedIn - https://www.linkedin.com/in/jasonfeifer/
Twitter - https://twitter.com/heyfeifer
Book Mentioned:
Build for Tomorrow: An Action Plan for Embracing Change, Adapting Fast, and Future-Proofing Your Career - https://www.amazon.com/Build-Tomorrow-Embracing-Adapting-Future-Proofing/dp/059323538X
Mindful Money Resources
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
🎙️
Podcast Production & Marketing by FullCast
Back to Podcast Homepage
34 min
May 01, 2024105: Heather and Douglas Boneparth - From Corporate to Co-Founders: The Journey to Financial Collaboration
Upcoming Event!
How Can Mindfulness Help You Reach Financial Independence?
Do you want to reduce money anxiety, but don’t 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 can’t 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 Douglas and Heather Boneparth. Douglas, a Seasoned Financial Advisor, and Heather, a Former Corporate Attorney, share their journey and insights on managing finances within a relationship. They discuss the evolution of their financial strategies, especially in light of the global pandemic and how it necessitated a shift in their approach to money and partnership.
They emphasize the complexities of merging finances in a relationship, emphasizing that it's not a one-time event but a continuous process. They highlight the importance of communication and understanding each other's financial backgrounds and perspectives.
They also touch on their upcoming book, "The Merge," which explores navigating financial power dynamics within relationships, aiming to provide couples with tools to manage their finances harmoniously. It covers the personal challenges they faced, such as the impact of career changes and the dynamics of working together professionally.
Join us as we explore the importance of ongoing dialogue and mutual understanding in managing finances as a couple, ensuring both partners feel valued and empowered.
📺 Watch on YouTube
https://youtu.be/GNwHFY0T4Ho
Key Takeaways
00:02:00 - Douglas and Heather's Early Career and Financial Struggles
00:11:02 - Shift in Career Dynamics and Financial Contributions
00:15:33 - The Importance of Communication in Financial Relationships
00:30:14 - Growth and Success in Their Business
00:40:14 - Advice for Couples Considering Marriage
00:41:57 - Importance of Communication Over Financial Mechanics
Tweetable Quotes"A global pandemic was not something we accounted for. Whatever we did to set up our financial life before then was no longer relevant to the world we live in now. It's a constant search for equity, balance, and communication to maintain a healthy relationship with money and each other.""I grew up watching my father and grandfather as entrepreneurs, which baked into my DNA the understanding of money as a tool. This contrasted with Heather's experience, where money was a source of anxiety and not feeling in control.""It's not just about how you merge your money the first time; it's about how you stay together over the decades. The real challenge is in how couples communicate about money, the autonomy they feel in spending, and how they value each other's contributions beyond financial earnings."Guest Resources
Website - https://www.bonefidewealth.com
Douglas LinkedIn - https://www.linkedin.com/in/douglasboneparth
Douglas Instagram - https://www.instagram.com/dougboneparth/
Douglas Twitter - https://twitter.com/dougboneparth
Heather's Instagram - https://www.instagram.com/averagejoelle/
Heather's Twitter- https://twitter.com/averagejoelle
Mindful Money Resources
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
🎙️
Podcast Production & Marketing by FullCast
Back to Podcast Homepage
47 min

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