Today’s guest believes that its core, financial planning is about building futures, protecting families, creating legacies, and encouraging clients to pursue their passions. Jonathan DeYoe, is the best-selling author of Mindful Money: Simple Practices for Reaching Your Financial Goals and Increasing Your Happiness Dividend. He started as a Financial Advisor in a Wall Street firm then transitioned to starting his own business, DeYoe Wealth Management in 2001 to simplify personal finance and help busy people live meaningful lives. He writes and speaks about passion for the intersection between love and money.
I can’t wait to just dive in and learn more from Jonathan about how mindfulness and money work together hand in hand.
Things you will learn in this episode:
[00:01 – 06:48] Opening Segment
- Sponsored ad
- I introduce today’s guest, Jonathan DeYoe
- Financial planner and author of Mindful Money
- Head over to travischappell.com/makemypodcast and let us make your show
- Jonathan gives some background around his early life
- Grew up in Financial struggle
- Supportive family
- Studying finance
- How Jonathan instills drive in his children
- Making his children work and do chores
[06:49 – 16:56] Learning the Path to Money Mindfulness
- Jonathan talks about his transition out of studying finances
- Studying Business as a kid
- Bored with the content
- Moving into comparative religion
- Learning mindfulness from Buddhist philosophy
- How Jonathan began in his work
- Becoming good at communicating with people
- Advised to carve out a niche
- Creating Mindful Money
- Misconceptions about money and mindfulness coinciding
- Teaching people in prison about money
- Similarities with rich people
- Knowing your trade-offs
- Focussing on your own values
- A word from our sponsor
[16:57 – 24:38] Practical Uses of Money Mindfulness
- Practical ways you can learn to be steadfast during harder times
- Develop faith in the future
- The Shirt example
- Recognize markets generally improve over time
- Financial planning should disregard zig-zags in markets
- Resources and strategies to use
- Read Warren Buffet’s annual report
- Robin Hood
- Buy, Hold, and Trust
[24:39 – 28:51] Closing Segment
- Who you know or What you know?
- Who you know
- Every good thing comes from relationships
- The RaNdoM RoUnd
- How to connect with Jonathan
- Links below
- Remember to upload and tag us on Instagram!
- Final words
Tweetable Quotes:
“If we just admit for a second that we don’t know what the future holds, yet we do what we can to take care of that… I have to know what my trade-offs are.” – Jonathan DeYoe
“If you have a lot of money, if you have a little money, you can’t do everything, but if you start with your own values, the things that are important to you, and you focus on those things, you can actually have those things.” – Jonathan DeYoe
Resources Mentioned:
- Mindful Money: Simple Practices for Reaching Your Financial Goals and Increasing Your Happiness Dividend
- Unshakeable
- Abnormal Returns Blog
You can connect with Jonathan on LinkedIn and Twitter. Go to https://mindful.money to learn more.
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