In this episode: The mindful money method, overcoming a scarcity mindset, using bridge thoughts, envisioning our future selves, living debt-free, and the power generosity on the journey to FI with Liz Carroll, the mindful money coach.
On today’s episode,I am joined by my new friend, Liz Carroll, who shared her journey towards financial independence. Liz was inspired to become financially independent after reading Financial Peace by Dave Ramsey, when she was 30 and working for AT&T. Her plan to become financially independent within 20 years included college educating their children and creating enough passive income.
Liz introduced us to the Mindful Money Method, which is all about awareness, clarity, and vision to create a spending plan that aligns with our values and desires. She also talked about overcoming scarcity mindset and the importance of envisioning our future selves.
Guest Bio
Liz Carroll is a mindful financial coach and founder of The Mindful Money Method. She is passionate about empowering women to take control of their finances and achieve financial independence. She has helped countless women realize their financial goals through her Mindful Money Method, which focuses on awareness, clarity, and vision to create a plan that aligns with their values and desires.
Resources & Books Mentioned
- Financial Peace by Dave Ramsey
Connect with Liz Carroll
- Website: https://www.mindfulmoneymethod.com/
- LinkedIn: https://www.linkedin.com/in/money-coach
- Instagram: @mindfulmoneycoaches
Key Takeaways
- The Mindful Money Method is all about awareness, clarity, and vision to create a spending plan, a safety net, and aligning our finances with our values and desires.
- Overcoming scarcity mindset is key to achieving financial independence. Liz recommends completing sentences like "Rich people are..." to uncover hidden beliefs and emotions around money.
- Envisioning our future selves can help us make better financial decisions in the present.
- Being debt-free allows us to
Join the Mindful FIRE Legends community at MindfulFIRE.org/join.
PS: Introducing the… 🔥 FIRE Starter Group Coaching Program
You did the “money” part. You saved, invested, and built real options. But if you’re being honest… FU money alone isn’t enough—and you might still feel stuck in “one more year syndrome,” unclear on what you actually want next.
In 10 weeks or less, we’ll help you get clear on what you want—and start living it now—using envisioning, mindfulness, and practical mini-experiments (not endless overthinking).
Interested? Let’s chat: https://mindfulfire.org/chat
🔥 WHO I’m creating this for
This is for you if you’re at or near FI (Coast FI or full FIRE) and:
- You feel stuck after “doing everything right,” but you’re not sure what you’re optimizing for anymore.
- You’re caught between freedom and overwhelm (“I could do anything… so I do nothing”).
- You want clarity and momentum—but you don’t want someone to tell you what to do.
🔥 WHAT we’ll do together (over 10 weeks)
In a small group (mastermind-style), you’ll:
- Get clear on what you actually want (beyond expectations, comparison, and “shoulds”).
- Create a big, meaningful vision for your next chapter—one that fits who you are now.
- Learn the brain science behind envisioning (why it works, and how to use it).
- Turn yo...