526: Jonathan DeYoe | How Money and Mindfulness Work Together

Jan 11, 2021

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Today’s guest believes that its core, financial planning is about building futures, protecting families, creating legacies, and encouraging clients to pursue their passions. Jonathan DeYoe, is the best-selling author of Mindful Money: Simple Practices for Reaching Your Financial Goals and Increasing Your Happiness Dividend. He started as a Financial Advisor in a Wall Street firm then transitioned to starting his own business, DeYoe Wealth Management in 2001 to simplify personal finance and help busy people live meaningful lives. He writes and speaks about passion for the intersection between love and money.

I can’t wait to just dive in and learn more from Jonathan about how mindfulness and money work together hand in hand.

Things you will learn in this episode:

[00:01 - 06:48] Opening Segment

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I introduce today’s guest, Jonathan DeYoe
Financial planner and author of Mindful Money
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Jonathan gives some background around his early life
Grew up in Financial struggle
Supportive family
Studying finance
How Jonathan instills drive in his children
Making his children work and do chores

[06:49 - 16:56] Learning the Path to Money Mindfulness

Jonathan talks about his transition out of studying finances
Studying Business as a kid
Bored with the content
Moving into comparative religion
Learning mindfulness from Buddhist philosophy
How Jonathan began in his work
Becoming good at communicating with people
Advised to carve out a niche
Creating Mindful Money
Misconceptions about money and mindfulness coinciding
Teaching people in prison about money
Similarities with rich people
Knowing your trade-offs
Focussing on your own values
A word from our sponsor

[16:57 - 24:38] Practical Uses of Money Mindfulness

Practical ways you can learn to be steadfast during harder times
Develop faith in the future
The Shirt example
Recognize markets generally improve over time
Financial planning should disregard zig-zags in markets
Resources and strategies to use
Read Warren Buffet’s annual report
Robin Hood
Buy, Hold, and Trust

[24:39 - 28:51] Closing Segment

Who you know or What you know?
Who you know
Every good thing comes from relationships
The RaNdoM RoUnd
How to connect with Jonathan
Links below
Remember to upload and tag us on Instagram!
Final words

Tweetable Quotes:

“If we just admit for a second that we don’t know what the future holds, yet we do what we can to take care of that… I have to know what my trade-offs are.” - Jonathan DeYoe

“If you have a lot of money, if you have a little money, you can’t do everything, but if you start with your own values, the things that are important to you, and you focus on those things, you can actually have those things.” - Jonathan DeYoe

Resources Mentioned:

You can connect with Jonathan on LinkedIn and Twitter. Go to https://mindful.money to learn more.

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