The Art of Mindful Money Management: Cultivating Presence with Your Money
In our fast-paced world, it's easy to get caught up in the hustle and bustle of daily life, often overlooking one crucial aspect — our relationship with money. In a recent class I taught about the importance of being mindful and present with your finances we explored, shedding light on the transformative power of incorporating mindfulness into our money management practices. Debt often keeps us stuck in the past, paying for decisions we made months or years prior. Financial worry often comes from feeling uncertain about the future. A financial plan can provide you directional guidance. There is relief when you have a plan even if that plan needs a few adjustments along the way. Clearing debt and creating a financial plan allows us to be fully present with our money.
Understanding Mindful Money Management
Mindful money management goes beyond budgeting and saving; it's about developing a conscious and...
Cultivating Clean Generosity: A Guide to Giving Without Strings Attached
In the season of gratitude and giving, it's crucial to navigate the fine line between generosity and unintentional relationship issues. The concept of clean generosity is about giving without imposing expectations or creating a manual on how the gift should be received. This delicate balance ensures that both the giver and the receiver experience the true essence of generosity without the burden of strings attached.
The Giving Manual: Lessons from Personal Experience
A poignant example of the giving manual surfaced in my own. I come from a farming family. When my grandfather passed in 1994 he left his 30-acre farm to his four children with strict instructions to never sell. Nine years later when my father passed, my sister and I inherited his quarter share. After a devastating flood, a change in market conditions and no family member able to farm the land, the farm became a burden, financially and emotionally....
2024 Mindful Money Book Club for Women Reading List
JANUARY: The Next Millionaire Next Door: Enduring Strategies for Building Wealth by Sarah Stanley Fallaw
FEBRUARY: The Big Leap by Gay Hendricks
MARCH: Super Attractor by Gabrielle Bernstein
APRIL: The Compound Effect by Darren Hardy
MAY: The Book of Boundaries: Set the Limits That Will Set You Free by Melissa Urban
JUNE: Cues: Master the Secret Language of Charismatic Communication by Vanessa Van Edwards
JULY: How Money Works for Women: Take Control or Lose It by Sharon Lechter & Kim Scouller
AUGUST: Abundance: The Inner Path to Wealth by Deepak Chopra
SEPTEMBER: The Gap and The Gain by Dan Sullivan and Dr. Benjamin Hardy
OCTOBER: Mindset by Carol S. Dweck, Ph.D.
NOVEMBER: Homecoming: Overcome Fear and Trauma to Reclaim Your Whole Authentic Self by Thema Bryant Ph.D.
DECEMBER: We Need to Talk: A Memoir About Wealth by Jennifer Risher OR Braiding Sweetgrass by Robin...
The 2023 Mindful Money Book Club for Women Reading List
JANUARY: Get Good with Money by Tiffany Aliche
FEBRUARY: You Are a Badass by Jen Sincero
MARCH: From Clutter to Clarity by Kerri Richardson
APRIL: No Sweat: Lifetime of Focus by Michelle Segar
MAY: Rich Dad, Poor Dad by Robert T. Kiyosaki
JUNE: Worth It by Amanda Steinberg
JULY: We Should All Be Millionaires by Rachel Rodgers
AUGUST: Embrace Abundance by Danette Mays
SEPTEMBER: Killing Comparison by Nona Jones
OCTOBER: Stop Overthinking by Nick Trenton
NOVEMBER: 90 Seconds to a Life You Love by Dr. Joan Rosenberg
DECEMBER: You Can Heal Your Life by Louise Hay
Be on the lookout for used books or set a reminder to request from your library ahead of time. We'll discuss the last Monday of the month at 5 PM PT via Zoom.
4 Reasons Your Sales Manager Make a Horrible Coach...and it's not their fault.
Like athletes, salespeople are experiencing the benefits of one-one, individualized coaching. When employees are heard, attitudes improve, efficiencies gain, and results soar, goals accomplished. Just about every influencer, personal growth author or high performing individual talks about and/or attributes their success to the coaching they received. There is no doubt coaching performance works, on and off the field.
Coaching requires holding space, diving into limiting beliefs and exploring growth opportunities, encouraging shifts in tactics and mindset.
Is this how your manager shows up to your regular one-one meetings? I didn’t think so. From my experience managers are often harried and/or distracted, ill-equipped to hold space.
And then there are these four other issues:
As a Financial Life Coach, I am often surprised how challenging it is for women to verbalize what they want from their money. Is it because we have so many options? Fifty years ago, our options and paths were fairly linear: go to school, get a job, work for a few years, get married, have a couple kids, quit job to maintain the home and family unit. Today, there is no clear path. We have so many options to explore. Here are a few possible options:
One thing for certain is all choices require money.
Helping my clients discover “what is” rather than “what if” has proven a helpful exercise. When we explore what is true today, we have a starting point for “what could be” true in the future.
Here are two areas where you can discover what is true today:
In order to manage your money mindfully, awareness is the first step. With my style of financial coaching for women awareness comes in two forms: your numbers and your mindset. I teach proven financial practices along with how to manage your mind around money: earning it, spending it and saving it.
So often clients are fearful about addressing their numbers but when we rip the bandage off to expose the wound (one of my client’s words) it feels so much better. We bring air and light to suffering and darkness. The stories and numbers we make up in our mind are often worse than reality.
“We suffer more in our imagination than reality.” - Seneca
One of my clients described her financial worry as a committee meeting that takes place in her mind when she’s trying to fall asleep. The committee members are made up of all the people who feel they should have a “say” in her personal finances. Have you ever experienced an unwanted committee meeting? I...
When selecting a side hustle, I recommend you make sure your choice is in alignment of your core values (what matters most to you) AND your desires (your financial goal). The key word is AND. How can you accomplish two goals?
Before Seinfeld’s famous episode on “double dipping” a chip in a dip, double dipping was about money. It’s when you accept income from two mutually exclusive sources for the same resource, usually time. Since time is a limited resource, using the concept of double dipping your time is a great way to choose your side hustle. Let me give you some examples.
You value physical activity AND you want to increase your income. You could look at side hustles that provide exercise like:
You love caregiving of pets AND you realize you aren’t financially ready to...
2022 Mindful Money Book Club Reading List
JANUARY: The Psychology of Money by Morgan Housel
FEBRUARY: What to Say When You Talk to Yourself by Shad Helmstetter PhD
MARCH: Get Rich, Lucky Bitch by Denise Duffield-Thomas
APRIL: The High 5 Habit by Mel Robbins
MAY: Boundaries by Drs. Henry Cloud & John Townsend
JUNE: Captivate by Vanessa van Edwards
JULY: Set for Life by Scott Trench
AUGUST: It's Not Your Money by Tosha Silver
SEPTEMBER: Feel the Fear and Do It Anyway by Susan Jeffers PhD
OCTOBER: The Four Agreements by don Miguel Ruiz
NOVEMBER: Feeding the Soul by Tabitha Brown
DECEMBER: Finding Your Own North Star by Martha Beck
How to avoid feeling deprived on a budget
By Liz Carroll, Financial Life Coach
Are you feeling resistance to budgeting? Do you think budgets are punitive or you will feel deprived living on a budget? I used to think this too until I realized I was the one making the choices on the budget.
In fact, I made all the choices – past, present and future. Every mandatory expense I had on my monthly must pay list was a choice I made at some point.
A budget, often referred to as a Cash Flow or Spending Plan, is really a guideline for your money choices. Some items on the budget are for choices you made previously (ex: car loan payment). You know exactly how much your reoccurring monthly loan payment is. That is an easy item to plug into a spending plan since it is the same...