10% Happier with Dan Harris

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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ANECDOTE

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.
INSIGHT

The Iceberg Metaphor

  • Awareness of underlying beliefs about money is crucial for changing one's financial behavior.
  • These beliefs are often subconscious and inherited.
ADVICE

Mindful Spending

  • Practice mindfulness of your emotions and thoughts during financial interactions.
  • Notice your reactions to spending, saving, and investing decisions.
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