Tiny Leaps, Big Changes 502 - The Role of Mindfulness in Finances
Mar 3, 2020
11:38
In this episode, we look at the role that mindfulness plays in our personal finances.
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"Mindfulness and healthy finances create a virtuous cycle, where 1) mindfulness improves your finances, and 2) improved finances gives you more freedom to pursue a more mindful, compassionate, and fulfilling life."
- Being mindful with your finances allows you to improve your finances
- Improving your finances gives you freedom to be more mindful
Definition of Mindfulness: The quality or state of being conscious or aware of something
Questions to Ask Yourself:
- How much do you spend
- How much do you make
- When are your bills due
- How much debt do you have
- What is that debt costing you monthly?
- What is your APR?
- What is your plan?
Resources:
https://www.mindfullyinvesting.com/ride-the-virtuous-cycle-of-mindful-personal-finances/