SUMMARY
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Manisha Thakor has worked in financial services for over thirty years, with an emphasis on women’s economic empowerment and financial well-being. She’s been featured everywhere, including The Wall Street Journal , The New York Times , NPR, PBS, CNN, CNBC, Real Simple & Women’s Health. Her work focused on helping individuals of all ages balance financial health and emotional wealth.
Today, Manisha joins the show to talk about seeking wealth, counterfeit financial culture, and the difference between money problems and money worries.
TAKEAWAYS
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00:59 – Jonathan introduces today’s guest, Manisha Thakor, who joins the show to talk about positive financial lessons she learned from both her mother and father
09:14 – Seeking wealth
13:36 – The feeling of ‘Enough’ and how gender influences it
16:51 – Money problems vs money worries
20:05 – The differences between the social infrastructures of the U.S. and Nordic countries
26:07 – Counterfeit Financial Culture and Hungry Ghosts, explained
32:50 – Financial Health plus Emotional Wealth equals Money Zen
36:57 – One thing we can do to increase personal and financial success and one thing to completely ignore
45:00 – One thing people don’t know about Manisha that she would like them to know, and one piece of advice she would give to her younger self
48:41 – Jonathan thanks Manisha for joining the show, encourages the audience to leave a review on her book on Amazon, and lets listeners know where to connect with her
QUOTES
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“My mom is a hippie. She always - back before it was cool - had me playing with gender neutral toys and told me that money gives women voices and choices. And so I had very positive money influences growing up.” (04:47) (Manisha)
“And so, a set of behaviors that helped protect me as a young child ended up as a runaway trait, a subconscious way of moving through the world. And, in the world of finance, when you work like a maniac and you’re trying to earn a lot of money, that’s called being a good employee.” (10:57) (Manisha)
“A money problem is something that can be solved with a series of factual, tactical action steps. For example, how much house can I really afford? What is a reasonable, sustainable rate of withdrawal if I’m headed into retirement? My credit score is in the crapper. How do I improve it? Money problems.” (17:06) (Manisha)
“Money worries are things that have emotional components to their solution, versus purely factual, tactical.” (18:35) (Manisha)
“When we meet someone in the U.S. what is one of the first three questions we ask them? ‘What do you do?’ Overseas, in most countries,” (21:00) (Manisha)
ABOUT MINDFUL MONEY
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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 that 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.
GUEST RESOURCES
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Manisha’s LinkedIn: https://www.linkedin.com/in/manishathakor/
Manisha’s Website: https://moneyzen.com/
Manisha’s Instagram: https://www.instagram.com/manishathakor/
Manisha’s Facebook: https://www.facebook.com/ManishaThakor
Manisha’s YouTube: https://www.youtube.com/user/ManishaThakor
Manisha’s Twitter: https://twitter.com/manishathakor
Manisha’s Book: https://www.amazon.com/MoneyZen-Secret-Finding-Your-Enough/dp/0063247968
Books Mentioned:
A Room Of One's Own: https://www.amazon.com/Room-Ones-Own- Annotated/dp/0156030411/
MINDFUL MONEY RESOURCES
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Monthly Coaching Membership: https://courses.mindful.money/mindful...
Jonathan’s Book – https://www.amazon.com/Mindful-Money-...
Website - https://mindful.money/
Jonathan DeYoe on LinkedIn - http://linkedin.com/in/jonathandeyoe
Mindful Money on Twitter - https://twitter.com/MindfulMoney_Ed
Mindful Money on Facebook - http://facebook.com/MindfulMoneyPlan
Mindful Money on Instagram - http://instagram.com/mindfulmoneyplan
Mindful Money on YouTube -
/ mindfulmoney🎙️
Podcast Production by FullCast: https://fullcast.co/sn