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061: Carol Graham - The Power of Hope

061: Carol Graham - The Power of Hope

FromMindful Money


061: Carol Graham - The Power of Hope

FromMindful Money

ratings:
Length:
58 minutes
Released:
Jun 9, 2023
Format:
Podcast episode

Description

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-bootcampCarol Graham is interim Vice President and Director of the Economic Studies program at Brookings, College Park Professor at the University of Maryland, and a Senior Scientist at Gallup. Her books include: The Power of Hope: How Wellbeing Science Can Save us from Despair , The Pursuit of Happiness: An Economy of Well-Being , and Happiness Around the World: The Paradox of Happy Peasants and Miserable Millionaires , among others. Today, she joins the show to expound on her passion for helping to improve the lives of others, the power of mentorship and the connection between hope and life satisfaction.? Watch on YouTubehttps://youtu.be/YAERSEnN6CAKey Takeaways00:54 – Jonathan introduces today’s guest, Carol Graham, who joins the show to discuss her background as an immigrant from Peru, why America is no longer the land of opportunity, and her passion for helping to improve lives and end poverty15:41 – Measuring hope and life satisfaction22:20 – Why hope matters31:36 – The power of mentorship36:27 – How do we manage for hope42:47 – The impact of technology and social media on despair51:04 – One thing Carol would change about the system54:20 – One thing Carol would like others to know about her and the one question she would want to know the answer to56:24 – Jonathan thanks Carol for joining the show and lets listeners know where to connect with herTweetable Quotes“More recently, I would say what has been eroding our democracy in part is that erosion of our shared cohesiveness as a society and the shared belief that people used to have that they could get ahead, that this was the land of opportunity. And it’s really not.” (06:14) (Carol)“Less happy people care more about money. Happy people care more about learning and creativity.” (14:26) (Carol)“Hope is really linked to better future outcomes for people. People who have hope for the future end up doing better in life. It’s not rocket science. If you believe you have a future, you’re more likely to invest in it.” (22:35) (Carol)“Despair actually takes people’s agency away. And it isn’t just their income or their employment. It’s their ability to conceive of a different future and to do something about it.” (34:42) (Carol)“People with low levels of well-being have worse outcomes in life. And part of it is because low levels of well-being affect your behavior.” (38:53) (Carol)“To get people out of their isolated, desperate shells and back into the community is a first step. It’s the first step towards restoring meaning and purpose in life which, again, starts to restore hope.” (49:24) (Carol)Guest ResourcesCarol’s LinkedIn: https://www.linkedin.com/in/carol-graham-45a2a82a/Carol’s Profile on
Released:
Jun 9, 2023
Format:
Podcast episode

Titles in the series (100)

Do you struggle with money? You’re not alone. Money is a means, not an end. It’s a necessity of life for sure, but more money does not always guarantee a “good life”. Money enables many aspects of modern life, but as a dominant consideration it becomes destructive.  The paradox is that more time and energy spent on personal finance does NOT create better outcomes. Unlike many other parts of life, we can’t create better outcomes by being smarter, spending more time, or putting in more effort. Join Mindful Money author and experienced 40-year investor Jonathan DeYoe as he shares stories from artists, authors, entrepreneurs, and other advisors about how they mindfully minimize their need to think about money and get more out of life. If you aren’t happy with your finances, feel like money takes more time that it should, or want to place your financial decisions into the broader context of your life, this show is for you.  Each episode will draw the line between the “enough” activities that the academics tell us are additive to family outcomes, and those “little bit more” efforts that take time and sap energy, but do NOT improve outcomes. This podcast uses the following third-party services for analysis: Chartable - https://chartable.com/privacy