Mindful Money

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

Emily Laura Derr is the Founder of Grassroots Impact Creative Coach, where she helps creative people break through resistance and coaches creative businesses to craft messaging and build community.

Today, Emily joins the show to discuss the concept of resistance, where it comes from, and best practices on how to overcome it both as an artist and a businessperson. Emily touches on the proclivity artists tend to have to devalue their work and what they can do to address that. She talks about the power of process over outcome and provides advice on how artists can identify their ideal customers.

https://youtu.be/UqCeANGz7aU

00:56 – Jonathan introduces today’s guest, Emily Derr, who joins the show to discuss how early lessons about money impacted her relationships, and how she got on a path to working with Creatives

10:03 – Emily speaks to the types of Creatives she works with

12:41 – Defining ‘Resistance’ and navigating an artist’s fears

17:59 – Tips and best practices for breaking through the resistance

22:02 – Process over outcome

24:49 – Knowing your worth and pricing your rates accordingly

27:53 – The difference between ‘fine art’ and ‘art’ and finding your ideal customer as an artist

33:59 – One piece of financial advice to heed as an artist and one thing to completely ignore

36:30 – One thing Emily wishes others knew about her and one place Emily visited that had a profound impact on her

38:28 – Jonathan thanks Emily for joining the show today and lets listeners know where to connect with her

“Sometimes you wonder - or I wonder - what would it have been if I had pursued that? Would I have been better off financially by letting in the help and the opportunities? You never know that and you can’t look back on that.” (05:47) (Emily)

“Well, you have to find out what they really want for their business and personally in working with them, and also helping them keep focus. That’s why I became certified in ‘The Infinite Breath Method,’ started by Greg Mannion, a former street performer and a recovering alcoholic who created this. I added it to my artistic programs because it’s not just about the business and the outreach, but also real-world techniques that you can use to ground yourself in tough situations and how to deal with the resistance.” (16:31) (Emily)

“Taking care of yourself and having a ritual may sound silly, but consuming content that’s good and positive - whether that be meditation, or reading, or doing an exercise class - just having those moments on a daily basis can get your day going on the right track.” (19:59) (Emily)

“Even if it’s not a finished product, just get something down. In some situations, ‘good enough and done’ is better than waiting for that perfection. The procrastination will eat away at you and you could miss that window. Of course, it’s a learning experience. If you don’t submit something, you’re not gonna learn what you can do better because you never took the jump.” (22:50) (Emily)

“Go outside the ‘art world.’ Don’t limit yourself to the art world. The worst thing people can say is, ‘No.’ If you’re polite and direct in what you want in partnerships, the worst thing they can say is, ‘No.’ And, a lot of times that ‘No’ is maybe a ‘No, not now.’” (34:10) (Emily)

Emily’s Website

Emily’s LinkedIn

Emily’s Instagram

Emily’s Facebook

Grassroots Impact Creative Coaching Facebook

Link to Beth Weinstein’s Mastermind

Link to The Abundant Artist

Books Mentioned:

Art Money Success

Real Artists Don’t Starve

The War of Art

Positive Intelligence

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

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

Aja Evans is a board-certified therapist, speaker, and writer who is focused on financial well being. After ten years in a mental health practice, she noticed the emotional impact of how people interact with their money, especially black people. She saw reflections of her own journey to financial literacy and her own reckoning with her relationship with money and sought additional training.

Today, Aja joins the show to share how she has made assisting people at the intersection of mental health and money a pillar of her work.

https://youtu.be/KKtqSn-42jI

00:58 – Jonathan introduces today’s guest, Aja Evans, who joins the show to discuss her earliest memories of money and entrepreneurship and her path to becoming a financial therapist

09:42 – Accumulating debt versus not saving money

13:56 – Unfortunate financial statistics surrounding the black community

25:34 – Aja speaks to how she works with financial advisors

29:07 – Financial anxiety

32:24 – Money, guilt, shame, and secrecy

35:52 – Generational wealth

39:25 – How Aja works with her clients on their financial stress

43:42 – One piece of financial advice to heed and one thing to completely ignore

47:13 – Aja talks about her upcoming book

47:53 – The last thing Aja changed her mind about and the one question that Aja would want to know the answer to

50:32 – Jonathan thanks Aja for joining the show today and lets listeners know where to connect with her

“I was going into debt and feeling really awful about myself and awful about my money because I just did not understand how I could be making what I felt like was so much money, and not be able to afford my lifestyle. And that was the first time that I really had to have a financial reckoning with lifestyle versus how much income you have and what does that look like and where does it come from.” (08:04) (Aja)

“I didn’t really have any direction, I think is the best way to put it, in terms of what I was trying to do. It was a lot of looking at how people were paying off debt, whether that was debt snowball or avalanche, it was just the stories of people. So, it wasn’t necessarily, ‘Hey, here are each of the steps.’ It was the stories that people were paying off debt and how interesting that was. And I just realized that people weren’t talking about it and felt really bad about it.” (13:04) (Aja)

“When it comes to the black community, historically there haven't been as many opportunities to create wealth. And, because of that, that means that there isn’t as much wealth to be passed on. That is not to say that there are not black people who are extremely wealthy; there are. But, as an overall collective as a population, we have less wealth than our white counterparts.” (15:37) (Aja)

“What I have found is that people want to be making more money. They want to grow their wealth. It is either a matter of they don’t know how to, or they aren’t getting the opportunity to get some of the jobs that might allow them to get to that point.” (21:09) (Aja)

“We are not navigating money as if it’s something that we all have to navigate. That taboo, that secrecy, the potential jealousy of deciding who somebody else is because they do or do not have money. Deciding what value they have because they do or don’t have money. I think people have assigned a lot of meaning to money when money doesn’t care. Money has no feelings about us.” (31:11) (Aja)

“Figure out what you need to feel [financially] stable. I say that because a lot of times what people don’t realize is that what they’re looking for is a sense of stability and they don’t know how to get it.” (44:01) (Aja)

Aja’s Website

Aja’s Instagram

Aja’s LinkedIn

Aja’s TikTok

Aja’s Email

Link to ET the Hip Hop Preacher ‘You Matter’ Video

Books Mentioned:

Strangers in Paradise

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

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

Fiona Valentine is a business coach and the creator of Business School for Artists, a program for aspiring artists who want to paint for fun and for profit, even if they’ve never sold any of their work before. Fiona has over 30 years of teaching, painting and business under her belt that includes her own transition from an admin manager and painting hobbyist into a profitable business owner and passionate artist. Now, she helps others do the same.

Today, she joins the show to talk about early impactful financial lessons she learned, the important role that faith plays in her life, and the difference between artistry and creativity.

https://youtu.be/wfnbqUlhmtU

00:49 – Jonathan introduces today’s guest, Fiona Valentine, who joins the show to discuss her earliest memories of entrepreneurship, breaking the cycle of financial trauma, and raising children to be responsible with money

08:09 – Faith and money

11:52 – Fiona’s career arc and what led her to help artists

17:55 – Fiona’s program: Business School for Artists

22:30 – How an artist finds their niche

26:08 – Artistry and creativity

30:11 – Bringing creativity to the forefront

32:43 – The impact of AI (Artificial Intelligence) on human creativity

35:36 – One piece of advice to heed as an artist and one thing to completely ignore

39:01 – One thing Fiona would like others to know about her and Fiona’s idea of a perfect day

40:59 – Jonathan thanks Fiona for joining the show today and lets listeners know where to connect with her

“So those [financial trauma] lessons in a man who decides, ‘That’s it. I am not doing that to my wife and children,’ and they’re prepared to work hard, and do whatever it takes to provide. That’s a powerful thing to be the generation that grows up blessed with a loving, balanced, responsible parent and spouse.” (03:58) (Fiona)

“In Australia, you’ve got to be fifteen to go to work and draw a salary. So, once we had part time jobs that were drawing a salary, that was the guideline. As long as we lived in the house, we contributed to the house. And so that taught us to be really careful about making sure that there was something to give, something to save, something to spend, and something to contribute to the household.” (06:56) (Fiona)

“It takes a significant amount of connection, and messaging, and pricing, and getting all of those things to come together so that the right people - your ideal collectors who are people who love what you do, they can’t wait to buy it, and they can afford it - making sure that they know who you are, they know when and where your work is available and there’s been enough connection to build that trust so that they’re ready to hit ‘Buy.’” (17:03) (Fiona)

“So if you spent all your time working on the skills of drawing, painting, observing, contemplating your view of the world and how you bring that to life, unless you actually have a job on the side or you’ve done a double degree, or something like that. If you haven’t been exposed to the business world, through family or training, you probably do not have those skills.” (20:45) (Fiona)

“I do believe that everybody is creative. And, I think the thing with creativity is to follow your interest. If you have no interest in becoming an artist, then don’t worry about it. If you’re really excited about becoming an artist, don’t worry about whether you have enough talent. You have more than enough talent and creativity. What you need are skills. You’re creative because you are human.” (26:34) (Fiona)

“Art is a wonderful way to prove to yourself that it’s not just about talent, it’s about skill. And your creativity is able to be developed.” (31:22) (Fiona)

Fiona’s Website

Fiona’s Instagram

Fiona’s LinkedIn

Fiona’s Facebook

Fiona’s Email

Link to Fiona’s Book

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

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

Charles Hudson is the Founder and Managing Partner of Precursor Ventures, and early-stage venture capital firm focused on investing in the first institutional round of investments for the most promising software and hardware companies.

Today, Charles joins the show to discuss the work he does as a venture capital investor, his philosophy of investing in diverse founders with a variety of ideas, and traits he looks for in an attractive investment. Charles explains the landscape of venture capital, shares the value that Precursor Ventures provides to founders, and discusses his passion for helping entrepreneurs scale and grow their businesses.

https://youtu.be/d4gb_hypxVQ

00:49 – Jonathan introduces today’s guest, Charles Hudson, who joins the show to share early jobs he had as a kid, where he caught the entrepreneurial bug and

08:41 – Building wealth through building a business

11:40 – Charles’ career arc

14:35 – The importance of finding impactful mentors in our increasingly remote society

17:59 – Charles explains the landscape of venture capital

21:38 – Traits of a great venture capital investment

23:36 – The importance of investing in diverse founders and what it means to Charles

29:29 – The value that Precursor Ventures provides to founders

33:41 – Providing resources to the ‘forgotten founder’ and the question Charles asks himself when considering an investment

42:27 – One piece of entrepreneurial advice to heed and one thing to completely ignore when seeking funding

46:12 – One thing Charles would like others to know about him and one place Charles has visited that had a profound impact on him

49:13 – Jonathan thanks Charles for joining the show today and lets listeners know where to connect with him

“My mom owned her own law practice. For her, I think it was more about flexibility. She would say, ‘I get to set my own hours. They’re long, but I get to set them. I get to choose my own clients. I get to set my own rate.’ And, I think for her, it was really important to have that level of control. For me, the big ‘Ah-Ha’ was that I met business owners and realized, ‘Oh, so that’s how you do it.’” (09:31) (Charles)

“After five years I realized, in the end, the thing that really got me excited was not investing big checks into companies that had really experienced management teams and repeat founders. The thing that got me excited was really working with less experienced, first-time founders where the money and advice really made a difference. This is a harder way to make money, but it’s way more satisfying and way more engaging for me. And if I’m gonna do something professionally, I want it to meet my needs in that dimension.” (13:56) (Charles)

“I think we will eventually get to a place where remote and distributed culture is well understood and the norms and practices of including people are better. But right now we’re not there, in my opinion.” (16:42) (Charles)

“So, I would say - at broad strokes - the job of a venture capitalist is to find really good private companies, invest money, provide some level of support, and help those companies grow and scale.” (18:09) (Charles)

“One big thing I’ve learned is the easiest thing to do in venture capital is to simply invest in your friends, the people that you know well. It’s a low regrets framework. Presumably, if you’ve been successful, your friends have also been successful too.” (24:04) (Charles)

“A significant value in what we do for founders is not telling them what to do or giving them advice, but connecting them with peers who have solved that problem recently.” (30:04) (Charles)

“If you don’t have the right level of competitive dynamic around your investment, work harder to create that environment as opposed to lying.” (45:40) (Charles)

Precursor Ventures’ Website

Precursor Ventures’ Twitter

Precursor Ventures’ LinkedIn

Charles’ Email

Charles’ LinkedIn

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

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

Jason Scott Montoya is a lifelong entrepreneur, not surprising as he’s come from four previous generations of entrepreneurs. Jason grows their online influence & program sales for people development-oriented organizations. He is guided by his values of love, mindfulness, mastery, dependability, and openness.

Today, Jason joins the show to discuss his journey from entrepreneurship to freelancing, the importance of meeting people where they are, and the incredible value that entrepreneurship can bring to your life. Jason and Jonathan talk about cutting out the noise, what Jason misses the most about running a team, and what the transition was like going from running a business to becoming a full-time freelancer.

https://youtu.be/nEhV_v5sxw0

00:51 – Jonathan introduces today’s guest, Jason Montoya, who joins the show to share his experience as a fifth generation entrepreneur and being open about discussing money

09:11 – Early financial lessons imparted on Jason

15:08 – Jason’s career arc

18:38 – The importance of fully committing

21:44 – Defining ‘freelancing’ and the transition from business owner to freelancing

31:20 – Considering entrepreneurship as a path

36:52 – The Jump: a letter to Jason’s younger self

40:07 – What Jason misses about running a team

43:04 – One piece of business advice to heed and one thing to completely ignore

46:20 – The last thing Jason changed his mind about and the one question Jason would like to know the answer to

49:52 – Jonathan thanks Jason for joining the show today and lets listeners know where to connect with him

“Entrepreneurialism was always something in me, and just my personality of being highly extroverted and ambitious, and just having a safe and loving home, community, family, and church life. It just gave me that safe space to dream big and go after it.” (04:38) (Jason)

“Money is a vehicle for some destination. And I think, for many people, they lose sight of that and make it about the money itself.” (12:48) (Jason)

“If I’m gonna do this - and I’m gonna do it right, and I’m gonna steward this business well - it’s gonna be really hard. And so, if I’m going to do something really hard like that, I gotta be fully committed to it.” (18:38) (Jason)

“One of the things I ask freelancers to try to figure out if they are fully committed - and it’s a key question that you need to ask yourself - ‘if your bank account was empty, and you didn’t have any work in front of you, is your first thought: ‘Where am I gonna get my next project?’ or is it, ‘I need to get a job?’ Because if you’re fully committed, you’re looking for next project.” (20:03) (Jason)

“As a freelancer, there’s benefits and downsides to being independent. We have the freedom to be independent, but the downside is we’re in the fire. We are the firefighter. And so, we have to be resilient to deal with the heat.” (28:19) (Jason)

“In a lot of ways the book is also a letter to the clients I work with. I work with clients to help them grow their sales and influence. I use different digital marketing strategies and tactics. But, my Trojan Horse is really how do I help them become the type of person that runs these types of systems to make their business better, and to be a better boss, and be a better leader and a better fulfiller.” (39:31) (Jason)

“We are distracted when we don’t know the finish line. But when we know the finish line, we know if something is or is not a distraction because it is either contributing to us moving towards the finish line or it is detracting from it.” (45:25) (Jason)

Jason’s Website

Jason’s Facebook

Jason’s Twitter

Jason’s LinkedIn

Jason’s Instagram

Jason’s Books:

Path of the Freelancer

The Jump

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

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

Paul Montoy-Wilson is an entrepreneur with a vision of helping people with their relationship to money and their personal money mindsets. Paul developed and launched Allo, a financial wellness app that focuses on mindful money practices.

Today, Paul joins the show to discuss his personal and financial values, the relationship between spending and happiness and the importance of becoming aware of how we spend and save our money. Paul and Jonathan talk about the psychology of money as well as how the Allo app is helping others improve their financial well-being.

https://youtu.be/ouojnn7Sa_Y

00:54 – Jonathan introduces today’s guest, Paul Montoy-Wilson, who joins the show to talk about his personal and financial values, what he learned about entrepreneurship at a young age, and what inspired him to launch Allo

11:31 – How Paul shifted his own money mindset

13:05 – The relationship between spending and happiness

15:52 – Becoming aware of our values

21:03 – How Allo works

26:14 – Money in relationships

29:41 – Paul speculates on the future of Allo and exciting new tools he would like to pursue

31:49 – One piece of investment advice to heed and one thing to completely ignore

35:48 – The last thing Paul changed his mind about and Paul’s idea of a ‘perfect’ day

39:04 – Jonathan thanks Paul for joining the show today and lets listeners know where to connect with him

“What apps can do, which is great, is they make things much more accessible to a lot more people, and they help build habits. And so, I think that’s what we’re excited about with Allo. We’re trying to help people build a positive habit around their financial well being.” (10:31) (Paul)

“When you have money to spend - when you’re able to use it in a way in accordance with your values - you’re happier. And it’s one way in our capitalist culture that you’re able to articulate what your values are. And so, one of those ways is being generous. When you give money to others, you feel great. And that’s true in my own life. But there’s a hesitancy, I think in general, when you feel like you don’t have enough to give.” (14:08) (Paul)

“The point of the app is to effectively look at these different areas of your life asking yourself, ‘What’s important to me in each of these areas?’ And then, sort of a secondary question is, ‘How is my spending reflected in these values and can I make a change in how I’m spending my money to be more congruent with these different values?’” (17:12) (Paul)

“The core of the app is really around awareness. The point is not to optimize your net worth. The point is not to tag everything. The point is not to flag everything, it’s just to be aware.” (22:15) (Paul)

“The majority stressor, for the majority of us, is our finances.” (24:17) (Paul)

“One of the value categories that we have in Allo is called ‘future.’ It’s becoming who you want to be.” (28:51) (Paul)

“Every week or every month open up your bank app of choice, take a look at how you’re spending and saving your money, and reflect. Appreciate the ways you’re able to use your money and notice anything you want to make changes for.” (32:46) (Paul)

Paul’s LinkedIn

Paul’s Email

Allo’s Website

Allo’s App

Link to Paul’s Custom Invite to Allo

Books Mentioned:

Happy Money

Psychology of Money

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

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

Gil Baumgarten is a disruptive wealth management pioneer. After battling UBS in defense of 100% ETF portfolios, a direct assault on the firm’s fee-rich mutual fund business, he was on the original beta-test team of six advisors permitted to run discretionary ETF portfolios in 2002. He has since been named one of the “Top-20 ETF Thought Leaders in the U.S.” by Barron’s and The Wall Street Journal . Gil’s fee-only fiduciary firm, Segment Wealth Management, is a top-15 firm in Houston as ranked by the Houston Business Journal . Gil is perennially named a top-50 advisor in Texas by Barron’s , out of the state’s estimated 26,002 registrants. Gil is also the best- selling author of FOOLISH: How Investors Get Worked Up and Worked Over by the System.

Today, Gil joins the show to discuss his background in the financial services industry, the difference between fiduciary and non-fiduciary standards, and the psychology behind investing.

https://youtu.be/WJ-c7TCG-TU

00:57 – Jonathan introduces today’s guest, Gil Baumgarten, who joins the show to talk about financial trauma, share his experience in the financial services industry, and why he decided to pivot

08:39 – Leaving to start his own firm

10:50 – Gil talks about his book, FOOLISH:How Investors Get Worked Up and Worked Over by the System

13:10 – The Slaughterhouse Example

16:29 – Breaking into the brokerage industry and the major players out there

23:41 – The fiduciary and non-fiduciary standards and recent legislation

27:18 – Performance and return on investment

35:01 – Investor psychology and ‘cognitive bias’

42:29 – One piece of investment advice to heed and one thing to completely ignore

50:07 – The last thing Gil changed his mind about and the one question he would like to know the answer to

51:37 – Jonathan thanks Gil for joining the show today and lets listeners know where to connect with him

“They say that you’ll stay in a situation until the pain of leaving is less than the pain of staying. And, so I kinda reached that point with touch-point after touch-point that I was getting in conflict over some issue with the firm. It was always about what was best for the client. And I just had enough and decided I wasn’t going to do it anymore.” (08:50) (Gil)

“When you start to dissect the brokerage industry, they understand how sticky the relationship is between the advisor and the client. And they will position themselves in such a way to monetize that. They will sell information. They will sell order flow. They know that you’re going to stick with a mutual fund for a certain period of time. They also know that clients like for fees to be hidden from them. They like to understand that people in the brokerage industry are getting paid; they just don’t want to see it.” (13:52) (Gil)

“Anybody in the world can give you investment advice. Not everybody can charge for it. If you’re charging for it, you have to have registration.” (20:32) (Gil)

“Many people say the brokerage industry should be regulated out of existence and only SEC- registered fiduciaries - or a fiduciary standard - should apply to all brokerages. I say, ‘no way!’ There’s a lot of reasons why somebody would not want to do business on a platform like mine.” (26:37) (Gil)

“The purest form of beta would normally be an index fund and would have very little taxes associated with it and would have very little fees attached to it. And over a very long time period, you’re going to end up outrunning everybody who is pursuing Alpha, most often because people hop at the wrong time. They don’t buy the lowest performer off the list; they buy the highest performer. And when the market flips around and changes, they’re gonna end up buying high, selling low, buying high, selling low. Rinse and repeat.” (29:01) (Gil)

“Warren Buffet says that, ‘Minimal securities prices come with maximum uncertainty, and maximum securities prices come with minimum uncertainty.’” (36:06) (Gil)

Gil’s LinkedIn

Gil’s Website

Gil’s Book, FOOLISH

Gil’s Musings

Segment Wealth Management Website

Important Disclosure

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

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

Rocky Lalvani serves as Chief Profitability Officer (CPO) for business owners. He helps small business owners maximize their business’ profit so that they have time and freedom to do what they love. He does this by changing the mental accounting formula from ‘Sales minus Expenses equals Profits’ to ‘Sales minus Profits equals Expenses.’ The point is to make sure that profits come first.

Today, Jonathan and Rocky discuss the Profit First method, why there aren’t more wealthy people, and the misconception small business owners have about growth.

https://youtu.be/Sj-2nXN-bZ4

00:49 – Jonathan introduces today’s guest, Rocky Lalvani, who joins the show to share how to get value for your money and other financial lessons that were critical to his success

07:02 – Rocky’s first paper route to his current role as CPO

13:56 – Why there aren’t more wealthy people

17:29 – Statistics on small businesses

19:55 – The two equations of Revenue, Profit, & Expenses

24:55 – The fallacy of ‘Growth’

27:26 – The Profit First system

31:55 – One piece of financial advice to heed and one thing to completely ignore

35:22 – The last thing Rocky changed his mind about and one thing Rocky would like others to know about him

37:44 – Jonathan thanks Rocky for joining the show today and lets listeners know where to connect with him

“I think the biggest lesson coming out of it all is you can live an abundant life on a pauper’s budget. I think, too often, people just overspend money and they don’t get value for it.” (05:14) (Rocky)

“I can look at a set of numbers and they tell me a story. I can look at data and I can pick out the anomalies. I know how to make the buck work. In small business, understanding numbers and stretching your bucks is what makes you successful.” (11:57) (Rocky)

“So there’s all these different money messages that are going into people’s heads, and if they never question them then that’s a problem.” (15:06) (Rocky)

“If nobody wants what you have to sell, or they aren’t willing to pay for it, then it doesn’t matter. I think that’s a big part of it. The other thing is understanding the business-to-business, understanding how to systematize, how to build processes, how to lay stuff out and get stuff done.” (18:57) (Rocky)

“Too often, I think [business owners] are focused on the wrong metrics, which is what’s the topline? The question, at the end of the day, is how much do you get to keep, how much do you get to take home, and how much is for you?” (25:57) (Rocky)

“Our first step is to sit down with the business owner, and the first question is, ‘Tell me about how you grew up and learned about money.’ Because whatever those money mindsets and habits are, I need to know how they are affecting you today, what the programming is, and what your core beliefs are and how are you thinking.” (30:59) (Rocky)

“Number one, you have to know where you’re going. If you have no idea where you’re going, how are you going to get there?” (32:30) (Rocky)

Rocky’s LinkedIn

Rocky’s Website

Rocky’s Podcast

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

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

Alice Shikina is an international speaker, negotiation coach, and divorce mediator. She’s the author of the book, Negotiating with Your Kids. Alice is passionate about helping people out of conflict and moving forward with their lives.

Today, Jonathan and Alice talk all about marriage, divorce, and navigating the difficult topic of finances throughout the two. Alice talks about the importance of acknowledgement and communication, and provides insights on how to approach your marriage as a business partnership.

https://youtu.be/A_KQCKMnP0Y

00:48 – Jonathan introduces today’s guest, Alice Shikina, who joins the show to share her unique experience being shielded from money at an early age

08:33 – Alice’s career trajectory, from theatre to divorce mediation

13:01 – Statistics on divorce

17:07 – Why financial literacy is a critical skill to have in a relationship

20:38 – Joint vs. separate accounts

26:39 – How to prepare yourself for the ‘business partnership’ of a marriage

30:52 – Prenups, postnups, and other strategies for cultivating a healthy ‘business partnership’

34:34 – The power of acknowledgement

37:42 – Approaching money as a team

44:54 – Alice’s 8-week negotiating and communication course

48:24 – One piece of financial advice for couples to heed and one thing to completely ignore

51:07 – Alice’s latest course, Design Your Own Divorce

52:51 – The last thing Alice changed her mind about and the most impactful place Alice ever visited

55:08 – Jonathan thanks Alice for joining the show today and lets listeners know where to connect with her

“For those people who don’t know the difference between arbitration and mediation, arbitration is basically a private trial. So, you don’t go into the public court system. You hire a private judge, who is the arbitrator, and you do everything privately.” (11:53) (Alice)

“It is very interesting to note that if I’m mediating alimony from a husband to a wife, usually they want to be fair and talk about it. Usually when I mediate alimony from a wife to a husband, everyone is bitter.” (15:18) (Alice)

“If there is a partner who is not as financially literate, it would be extremely beneficial for them to get a financial coach so that they can at least feel somewhat comfortable looking at a spreadsheet. And the other thing is budget! So many people do not create a family budget.” (19:37) (Alice)

“I have noticed that when people come from marriages where they only have a joint account and they only had a joint account for several decades, there’s a lot of fear about splitting it up and opening a brand new account. Of course they do it, but I can tell it feels very uncomfortable for people.” (22:17) (Alice)

“Communication is a huge reason why people get divorced. I see it all the time. And they come to me and say, ‘Yeah, we’re getting a divorce because our communication is terrible.’” (34:02) (Alice)

“What happens is that either people aren’t listening to one another or they haven’t learned how to acknowledge what the other person is saying. We’re all humans walking around the planet wishing to be acknowledged, and it doesn’t happen as much as it should. If you can acknowledge what your spouse is saying to you, even if it’s contentious, you will go a long, long way to saving your marriage.” (34:34) (Alice)

“I feel like having that premarital mediation is critical because it’s not about how we’re going to split the assets if we get a divorce. It’s about how do we as a family think about money? Where do our values lie? Are our values in alignment? And then you can talk about that and it will really cement your relationship because you want to make sure that you’re putting yourselves on the same path.” (48:47) (Alice)

“If you have two strong negotiators, you are more likely to get to a ‘win-win’ than if you have two weak negotiators. Strong negotiators understand it is about getting to the ‘win-win.’ It is about getting to a deal that everyone is happy with.” (52:02) (Alice)

Alice’s LinkedIn

Alice’s Website

Alice’s Facebook

Alice’s YouTube

Design Your Own Divorce

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

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

Dr. Mary Martin is a trauma sensitive mindfulness educator, a futures thinker, and the author of Mindfulness for Financial Advisors: Practicing A New Way of Being . She’s certified by Brown University to teach mindfulness-based stress reduction and has a PhD from NYU’s School of Culture, Education & Human Development.

Dr. Mary has worked in financial services for over two decades, has been teaching mindful awareness to advisors since 2015, and today she joins the show to share the work she does as a mindfulness educator, and why mindfulness is so critical in the field of financial advice.

https://youtu.be/L6SCuYdq2Gc

00:51 – Jonathan introduces today’s guest, Mary Martin, who joins the show to share the first financial lessons she learned, the early expectations she set for her life, and how she got into ghost writing

07:42 – Everything Dr. Mary learned about entrepreneurship she learned from her neighbors

13:31 – An independent mindset

19:05 – An awakening and the inspiration to teach financial advisors about mindfulness

31:17 – The absence of mindfulness in financial advisement

38:09 – How to identify which financial advisors are mindful

46:08 – The danger of falling into a trap of accumulation, consumption, and materialism

50:10 – A message of love

56:30 – One thing Dr. Mary would like others to know about her and the one question she would like to know the answer to

57:51 – Jonathan thanks Dr. Mary for joining the show today and lets listeners know where to connect with her

“What I always managed to do is find people who had wonderful things to teach me - theseamazing mentors - and work with fantastic, fun colleagues. And I was always making moremoney than anybody else my age .”(05:25) (Mary)

“Everything I learned about entrepreneurship I learned from my neighbors.” (07:47) (Mary)

“With this contemplative practice all of these years, I somehow failed to recognize that I had a body. I was this brain walking around in a meat suit. What I was doing with my body was all superficial.” (21:25) (Mary)

“Whenever I define mindfulness for people I say, ‘Notice you didn’t hear the word ‘calm’ in there. And you didn’t hear the word ‘relaxation’ in there. And you didn’t hear the word ‘bliss’ in there. And you didn’t hear the words ‘clearing your mind’ or ‘stopping your thoughts.’” (24:07) (Mary)

“Your superpower should not be super. Your superpower is that you’re a human being and you understand how you operate. And, when you understand how you operate - and your own suffering and where that comes from and what that feels like, and your own regret, and your own shame, and your own pain - you don’t understand someone else through and through, but you are able to empathize. Your own pain is a bridge to somebody else.” (30:17) (Mary)

“You have a way of being no matter what. Whenever you walk into a room, you have a way of being, so what is it? Do you even know? Do you have a way of exploring that with yourself in a compassionate way? And do you have a way of being with and working with your own moment- to-moment experience?” (41:32) (Mary)

Mary’s LinkedIn

Mary’s Website

Mary’s Instagram

Mary’s Facebook

Mary’s Twitter

Mary’s Book

Link to The Future of Financial Advice

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