Good Honest Talk

S2 E6 | Mindful Money: Building Financial Confidence & Breaking Limiting Beliefs


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Does talking about money make you uncomfortable? Do you feel overwhelmed by business finances or personal budgeting? You’re not alone.

In this episode, Claire O’Brien (Honest and Goodness) sits down with Shirley Dempsey, (Balanced by Shirley) a financial mentor and educator, to discuss the fears, misconceptions, and emotional roadblocks that hold many people back from financial confidence.

Shirley shares her personal journey from the corporate finance world to mindfulness-based financial mentorship, explaining why money isn’t just numbers - it’s deeply emotional. She discusses how limiting beliefs, cultural influences and financial literacy gaps shape our relationship with money, often leading to financial stress and avoidance.

This episode will help you feel more confident, in control, and mindful about your finances—whether in business or everyday life.

Key Topics Covered:

  • Bridging the gap between business owners and accountants

  • How financial stress impacts mental health and decision-making

  • Why financial literacy should be taught from an early age

  • Mindfulness and finance: How to shift from scarcity to abundance

  • Breaking limiting beliefs and reshaping your money mindset

  • Understanding debt: When it’s helpful vs. when it’s harmful

  • Intentional spending and how to avoid emotional financial pitfalls

  • Building an emergency fund and financial routine that works for you

Whether you're a business owner, struggling with personal finances, or just looking for a healthier relationship with money, this episode will give you practical strategies and a fresh perspective on financial success.

What You’ll Learn:

  • How fear and avoidance create financial roadblocks

  • Why your accountant works for you and how to communicate better

  • The biggest financial mistakes business owners make

  • How to teach kids about money without fear or scarcity thinking

  • Why savings is non-negotiable, even in uncertain times

  • How limiting beliefs shape your financial reality and how to shift them

    The importance of routine and tracking for long-term financial health

  • How to move from financial stress to financial empowerment

  • Chapters

  • 00:00 Introduction to Financial Mentorship

    02:53 Bridging the Gap: Business Owners and Accountants

    05:53 The Fear of Finances: Breaking the Stigma

    09:11 Personal Experiences: The Impact of Financial Stress

    12:06 Mindfulness and Finance: A New Approach

    14:58 Education and Financial Literacy: A Call to Action

    17:40 Cultural Influences on Money Mindset

    20:15 Parenting and Financial Education for Children

    26:21 Cultivating an Abundant Mindset

    28:23 Breaking Limiting Beliefs

    30:16 The Importance of Routine in Financial Health

    32:31 Understanding Personal and Business Finances

    36:34 Simplifying Financial Tracking

    38:08 Teaching Financial Literacy to the Next Generation

    39:47 Navigating Debt Wisely

    43:43 Building an Emergency Fund

    44:38 Intentional Spending and Emotional Spending

    45:46 Planning for Financial Success

    46:38 Connecting with Shirley Dempsey


    About Shirley Dempsey, Founder of Balanced by Shirley

    At Balanced by Shirley, we specialise in empowering entrepreneurs and business owners with the tools for growth, financial awareness, and clarity.

    As a finance educator and business mentor, I help you navigate the complexities of building and developing your business while ensuring mindfulness remains at the core of everything we do. My mission is to provide you with the knowledge and skills needed to grow your business with confidence and clear direction


    Website: https://balancedbyshirley.com/


    Instagram: https://www.instagram.com/balancedbyshirley?utm_source=qr&igsh=aWZmOTNoM3Y5eWs5


    Personal Finance Ebook: https://balancedbyshirley.com/product/ebook-mind-your-money/


    Get 10% off any product offered by Balanced by Shirley with the discount code Podcast10

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    Good Honest TalkBy Claire O'Brien