088: Elizabeth Ralph - Building Wealth Through the Power of Spirituality & Investing
Mindful Money
The Risk of Procrastination and Fear in Investing
The speakers explore how fear and self-judgment contribute to procrastination in investing and the long-term costs of avoiding investment decisions. They emphasize the importance of overcoming fear and taking action to make informed investment choices.
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-bootcamp
Elizabeth Ralph is a wealth strategist and intuitive investor who retired at the age of 39 to help others reach financial freedom in non-traditional ways. She was a financial executive and an energy trader until in 2012 she had an epiphany while feeding Cheetos to a kangaroo on a beach in Australia. She realized her purpose was saving unwanted horses and committed to a strategy to achieve financial freedom within ten years.
Today, Elizabeth joins the show to discuss her philosophy on money and spirituality, the myth of freedom and the risk of procrastination.
📺 Watch on YouTube
Key Takeaways
00:57 – Jonathan introduces today’s guest, Elizabeth Ralph, who joins the show to discuss her personal approach to money and why her mindset is her most powerful asset
07:01 – How Elizabeth works with clients who won’t get off the water hose
08:47 – Elizabeth’s definition of ‘retirement’ and ‘financial freedom’
15:50 – The Spiritual Investor framework
21:46 – The myth of freedom
24:19 – The risk of procrastination
27:09 – One piece of financial advice to heed and one to completely ignore
32:46 – The last thing Elizabeth changed her mind about and what would constitute a perfect day for her
34:35 – Jonathan thanks Elizabeth for joining the show and lets listeners know where to connect with her
Tweetable Quotes
“I do feel like I inhabit a specific frequency with money that allows me to be more open. It allows me to listen and really get in there with people.” (04:26) (Elizabeth)
“I feel like I have a pretty good filtering system with people coming into my world. They’re gonna go through the podcast, the program, something where they’re at least open to, ‘Ok, money is energy and I’m interested. I want to learn more about this.’ So, it does help in that regard. But yes, I have worked with people and done experiments where I’ve taken people off the streets and said, ‘Let me work with you.’” (07:18) (Elizabeth)
“Wealth is constantly changing and evolving just like we’re constantly changing and evolving.” (12:38) (Elizabeth)
“I think people are so sick of rules, especially when it comes to finance and money.” (16:14) (Elizabeth)
“I want people to be closer to their money because then it becomes part of their story. And when it becomes part of their story, then it becomes one and they’re not separate from it anymore.” (17:49) (Elizabeth)
“It's the cost of sitting on the sidelines. Once you really get that, you can no longer wait. And I think if you can get people to no longer wait, that is as valuable as giving them the best piece of financial advice out there.” (24:57) (Elizabeth)
Guest Resources
Mindful Money Resources
For all the free stuff at Mindful Money: https://mindful.money/resources
To buy Jonathan’s first book - Mindful Money: https://www.amazon.com/Mindful-Money-Practices-Financial-Increasing/dp/1608684369
To buy Jonathan’s second book – Mindful Investing: https://www.amazon.com/Mindful-Investing-Outcome-Greater-Well-Being/dp/1608688763
Subscribe to Jonathan’s Weekly Newsletter: https://courses.mindful.money/email-opt-in
Capture the most important benefit of an advisor – behavioral support – without the 1% fee: https://courses.mindful.money/membership
For more complex, one on one financial planning and investing support with Jonathan or a member of Jonathan’s team: https://www.epwealth.com/our-team/berkeley/jonathan-deyoe/
Website: https://mindful.money
Jonathan on LinkedIn: https://www.linkedin.com/in/jonathandeyoe
🎙️
Podcast Production & Marketing by FullCast
Remember Everything You Learn from Podcasts
