

The Dharma of Money | Spencer Sherman
58 snips Jan 11, 2023
Spencer Sherman, the founding CEO of Abacus and certified mindfulness teacher, shares transformative insights on merging Buddhism with finance. He discusses the Four Brahma Viharas for healthier money relationships and introduces the RAIN technique to alleviate financial anxiety. Sherman emphasizes the 'Enough Practice' for achieving equanimity and how generosity fosters a sense of abundance. He also explores the potential for ethical investing guided by personal values, encouraging listeners to cultivate self-compassion and a mindful approach to money.
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The Fire Incident
- Spencer Sherman had a panic attack after a fire at his office building.
- He realized money wasn't as important as he thought.
The Iceberg Metaphor
- Awareness of underlying beliefs about money is crucial for changing one's financial behavior.
- These beliefs are often subconscious and inherited.
Mindful Spending
- Practice mindfulness of your emotions and thoughts during financial interactions.
- Notice your reactions to spending, saving, and investing decisions.