In this episode of Mindful Money, we'll talk about the first step in the modular financial planning process. Contrary to common advice, financial planning should begin with understanding what is worth seeking in life. It's important to go through a process of self-discovery and introspection before setting financial goals. We'll explore the eight pillars of happiness and how they form the foundation for lasting happiness and effective financial planning. Join me as we learn how to align our financial decisions with what truly matters, ultimately leading to a fulfilling and satisfying life.

In this episode:
(00:00) - Intro
(01:08) - Life lessons from my father
(01:53) - Challenging materialism
(02:49) - The importance of self-discovery
(06:11) - Eight pillars of happiness
(06:15) - Health: The foundation of happiness
(07:21) - Engagement: Active participation in life
(08:15) - Relationships: The key to happiness
(10:56) - Meaning: Finding purpose in life
(12:09) - Accountability: Staying true to yourself
(13:16) - Generosity: The joy of giving
(15:55) - Optimism: The power of positive thinking
(17:15) - Gratitude: Appreciating what you have
(18:52) - Conclusion and next steps

Get full show notes and links at https://mindful.money.

ABOUT MINDFUL MONEY:
Do you struggle with money? You’re not alone.

Money is a means, not an end. It’s a necessity of life for sure, but more money does not always guarantee a “good life”. Money enables many aspects of modern life, but as a dominant consideration, it becomes destructive.

The paradox is that more time and energy spent on personal finance does NOT create better outcomes. Unlike many other parts of life, we can’t create better outcomes by being smarter, spending more time, or putting in more effort.

Join Mindful Money author and experienced 40-year investor Jonathan DeYoe as he shares stories from artists, authors, entrepreneurs, and other advisors about how they mindfully minimize their need to think about money and get more out of life.

If you aren’t happy with your finances, feel like money takes more time than it should, or want to place your financial decisions into the broader context of your life, this show is for you.

Each episode will draw the line between the “enough” activities that the academics tell us are additive to family outcomes, and those “little bit more” efforts that take time and sap energy but do NOT improve outcomes.

MINDFUL MONEY RESOURCES:
Website: https://mindful.money
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🎙️Podcast Production by Turncast: https://turncast.com.