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Encouraging individuals to embrace their true selves and minimize the mental space occupied by financial concerns is a central theme discussed in the podcast episode. George Kinder, known for his pioneering work in the financial planning industry, emphasizes the importance of striving for personal authenticity and reducing the focus on monetary matters to lead a more fulfilling life. Emphasizing the value of saving early and consistently, living simply, and adopting a passive investment approach to achieve financial peace, Kinder highlights the significance of aligning financial decisions with personal values and life aspirations.
George Kinder advocates for the integration of mindfulness practices in financial planning to enhance client-advisor interactions and foster a deeper understanding of individual financial goals. Drawing from his extensive experience and dedication to mindfulness, Kinder underscores the importance of active listening, empathy, and emotional intelligence in financial advisory roles. By incorporating mindfulness techniques, advisors can create a supportive and compassionate environment that prioritizes clients' life aspirations over monetary gains, ultimately enriching the financial planning experience.
George Kinder's profound insights emphasize the significance of life planning as a transformative tool for individuals to articulate and pursue their deepest aspirations and dreams. Championing the concept of financial freedom as a means to unlock personal fulfillment, Kinder stresses the value of aligning financial decisions with life goals and values. Through the lens of his extensive career in financial services, Kinder advocates for a holistic approach that prioritizes clients' emotional well-being, financial security, and pursuit of a meaningful and liberated life.
George Kinder's approach prioritizes personal freedom and advocates for simple and meaningful financial practices that empower individuals to lead purposeful lives. Encouraging individuals to focus on saving diligently, living simply, and investing wisely, Kinder emphasizes the importance of aligning financial choices with broader life objectives. By disregarding market fluctuations and unwarranted anxieties about financial performance, individuals can embrace a more balanced and mindful approach to financial planning that nurtures personal growth and fulfillment.
George Kinder is the Founder of The Kinder Institute of Life Planning and the author of multiple bestsellers, including The Seven Stages of Money Maturity and Life Planning for You. He has revolutionized financial advice for more than 35 years by training over 4,000 professionals in 30 countries in the field of financial Life Planning. George has won many awards in the financial planning industry, and was named one of the thirty-five most influential people in financial services.
Today, Jonathan and George talk about the psychology of money and where George’s unique perspective on money originated. George expounds on The Three Domains of Freedom and why he believes that life outcomes are more important than financial ones. Finally, George talks about his current project, Reflections on Spectacle Pond, which is being released serially (for free) via email.
00:43 – Jonathan introduces today’s guest, George Kinder who joins the show to share some of the early lessons he learned about money growing up
05:32 – George expounds on his views on money
07:48 – Where George’s unique perspective on money originated
10:52 – Why life outcomes are more important than financial outcomes
12:10 – The Three Domains of Freedom
16:13 – The transition from financial advisor to training financial advisors
22:31 – The psychology of money
25:45 – Financial tips and best practices
30:35 – What people should ignore when it comes to finances
31:50 – The art of inner listening
35:37 – Jonathan thanks George for joining the show and asks a couple of closing inquiries
“As I’ve grown older and explored more, I think that the lessons were deeper, and earlier, and richer, and went back even before money was a conscious thing for me.” (03:39)
“Money is an abstraction. What’s important is life, each of our lives, and the freedom we feel in life.” (04:57)
“I want to live with my writing, with my spirit, with my graphics, with my art. I want to live like an artist. I want to live completely free in that world so that what I bring into the world is pure, and unusual, and intriguing, and not governed by financial forces.” (11:27)
“I think the Dalai Lama said this, but I completely concur. I think it’s an enormous moral failure in America, and in the West, that three men own as much as half of the American population own.” (15:36)
“Saving is really valuable. The more you can save, the better. And the more early on you can save and put it to use so it compounds, it’s just amazing.” (26:58)
“When I think about what I would love as a tombstone - what people might say about me - is that he encouraged us to be more of who we are. He encouraged us to be more ourselves.” (37:07)
George’s Websites – https://www.kinderinstitute.com/george-kinder/
Reflections on Spectacle Pond: The Weekly Edition
George’s Books:
Seven Stages of Money Maturity –
https://www.amazon.com/gp/product/B006V3E2YU/ref=dbs_a_def_rwt_bibl_vppi_i0
https://www.amazon.com/gp/product/B00KOEXZIQ/ref=dbs_a_def_rwt_bibl_vppi_i2
Transforming Suffering Into Listening –
https://www.amazon.com/Transforming-Suffering-into-Wisdom-Mindfulness/dp/0979174333
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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