Kathryn Peyton is a certified financial advisor at Abacus Wealth. At an early age, Kathryn was impacted by her parents’ financial habits of care and caution around money. But then, something changed for Kathryn as she began to realize that successful investing is attainable for everyday people. Thus began a lifelong fascination with all things money- and economics- related.

Today, Jonathan and Kathryn talk about the work they both do as advisors in helping to set their clients up for financial success. Kathryn speaks to the joy she received when her clients see their financial future making sense and growing more secure. Kathryn discusses the importance of choosing a financial advisor based on the personality fit and the ability to truly be heard. She talks about two of the most basic, yet important, rules for a successful financial life and some of the financial resources she likes to consume.

Kathryn believes that the system for saving money and building wealth in this country is corrupt, overly complex and impossible to navigate for many folks. My job is to be a translator and a door opener, and to help people reach their dreams in a conscious, purposeful way.

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Key Takeaways

00:01 – Jonathan introduces today’s guest, Kathryn Peyton, who joins the show to share some of the

early lessons she learned about money growing up

04:51 – Shifting financial dynamics between men and women

07:29 – Kathryn’s journey to becoming a financial advisor

14:21 – Kathryn speaks to her role and how she manages her clients expectations

17:03 – The incredible value that advisors can provide

20:04 – Three critical questions to ask potential advisors

21:46 – Differentiating between what does and doesn’t work

25:48 – Resources that Kathryn reads on a regular basis

31:07 – Something Kathryn changed her mind about recently

32:01 – One thing that Kathryn wishes people knew about her

33:58 – Jonathan thanks Kathryn for joining the show and lets listeners know where to connect with her

Tweetable Quotes

“I would say that the most profound money lesson that I got was that money, or lack thereof, can change everything for a family in an instant.” (02:17)

“The reason I really got interested in investing was because my husband has always been the primary breadwinner and I always managed the financial side of life.” (08:49)

“Abacus has a very specific investment philosophy and outlook. And it works for a lot of people really well, but it doesn’t work for everybody.” (15:30)

“The most important question really is not a question at all; it’s a personality fit. You want to make sure that you feel comfortable talking to that person, that they listen to you, and that they hear what you’re saying and they don’t steer you in a specific direction.” (20:18)

“Those are probably the two most important things of a nitty gritty financial life. It’s living below your means and automating everything.” (23:22)

“I’m in this job for a purpose. There’s a reason that I’m here. It’s not just because I’m interested in a topic. It’s because I feel like it’s really hard to do this well. There are so many ways to get lost and to get tracked in the wrong direction. And it’s so hard to figure out what the right thing to do is. And I have seen that impact with my parents, with friends and with clients. I really do have a personal mission about doing this job.” (32:17)

Guest Resources

Kathryn’s LinkedIn – https://www.linkedin.com/in/kathrynpeyton/

Kathryn’s Email – Kathryn@abacuswealth.com

Link to Kiplinger Magazine – https://subscription.kiplinger.com/

Link to AARP Magazine – https://www.aarp.org/?_ga=2.267441230.1351018858.1649989667-1600706723.1649989667

Link to Barry Ritholtz’s Blog – https://ritholtz.com/

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

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