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084: Manisha Thakor - Balancing Financial Health & Emotional Wealth

084: Manisha Thakor - Balancing Financial Health & Emotional Wealth

FromMindful Money


084: Manisha Thakor - Balancing Financial Health & Emotional Wealth

FromMindful Money

ratings:
Length:
50 minutes
Released:
Nov 29, 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-bootcampManisha Thakor has worked in financial services for over thirty years, with an emphasis onwomen’s economic empowerment and financial well-being. She’s been featured everywhere,includingThe Wall Street Journal,The New York Times, NPR, PBS, CNN, CNBC, Real Simple& Women’s Health. Her work focused on helping individuals of all ages balance financial healthand emotional wealth. Today, Manisha joins the show to talk about seeking wealth, counterfeitfinancial culture, and the difference between money problems and money worries.? Watch on YouTubehttps://youtu.be/tCQxxcAEwh4?si=Hijunx2kqk9VYsNpKey Takeaways00:59 – Jonathan introduces today’s guest, Manisha Thakor, who joins the show to talk about positive financial lessons she learned from both her mother and father09:14 – Seeking wealth13:36 – The feeling of ‘Enough’ and how gender influences it16:51 – Money problems vs money worries20:05 – The differences between the social infrastructures of the U.S. and Nordic countries26:07 – Counterfeit Financial Culture and Hungry Ghosts, explained32:50 – Financial Health plus Emotional Wealth equals Money Zen36:57 – One thing we can do to increase personal and financial success and one thing to completely ignore45:00 – One thing people don’t know about Manisha that she would like them to know, and one piece of advice she would give to her younger self48:41 – Jonathan thanks Manisha for joining the show, encourages the audience to leave a review on her book on Amazon, and lets listeners know where to connect with herTweetable Quotes“My mom is a hippie. She always - back before it was cool - had me playing with gender neutral toys and told me that money gives women voices and choices. And so I had very positive money influences growing up.” (04:47) (Manisha) “And so, a set of behaviors that helped protect me as a young child ended up as a runaway trait, a subconscious way of moving through the world. And, in the world of finance, when you work like a maniac and you’re trying to earn a lot of money, that’s called being a good employee.” (10:57) (Manisha) “A money problem is something that can be solved with a series of factual, tactical action steps. For example, how much house can I really afford? What is a reasonable, sustainable rate of withdrawal if I’m headed into retirement? My credit score is in the crapper. How do I improve it? Money problems.” (17:06) (Manisha) “Money worries are things that have emotional components to their solution, versus purely factual, tactical.” (18:35) (Manisha) “When we meet someone in the U.S. what is one of the first three questions we ask them? ‘What do you do?’ Overseas, in most countries, that is not the case. But we ask that question and we judge the person’s answer. Therefore, we are placing a value on ourselves and...
Released:
Nov 29, 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