SUMMARY
———————————
Adam Carroll has spent the last decade studying human behavior, particularly as it relates to leadership and personal finance. He’s an internationally recognized financial literacy expert, a two-time TEDx speaker, and the author of four Amazon best-sellers.
Today, Adam joins the show to share his passion for helping people create financial freedom through unconventional financial strategies. Jonathan and Adam discuss how our relationship with money has changed over the last two decades, what it takes to change financial habits, and the importance of architecting the life you want to live.
TAKEAWAYS
———————————
01:03 – Jonathan takes a moment to read a five-star review and encourages listeners to leave their own reviews
01:52 – Jonathan introduces today’s guest, Adam Carroll, who joins the show to share his first entrepreneurial memory and what he learned about financial fights from an early age
07:52 – The importance of being on the same financial page as your spouse
12:03 – Adam’s journey to teaching financial literacy
19:05 – How to improve financial literacy through behavioral change
22:19 – Why money is such a difficult subject here in the United States
23:55 – Architecting the life you want to live
26:48 – How our relationship with money has changed in the last twenty years
31:29 – The Shred Method
37:08 – One piece of financial advice to focus on and one thing to absolutely ignore
41:07 – The last thing Adam changed his mind about and one thing he would like others to know about him
QUOTES
———————————
“I remember very distinctly thinking, ‘Well, if I want to make money, I just have to create something of value and that will be how I make money.’ And that’s kinda how I’ve existed over the past couple of decades.” (05:09) (Adam)
“In conversations with some of our clients, when we’re doing money coaching and relationship to money coaching - we’ll often say to people, ‘How much money do you need to feel safe and secure?’ And one partner will give a number and the other one will say, ‘That’s not true. There’s no amount of money that will make you feel safe and” (10:53) (Adam)
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 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
———————————
Adam’s Website: https://www.adamspeaks.com/
Adam’s LinkedIn: https://www.linkedin.com/in/adamcarrollspeaks/
Mastery of Money: https://www.masteryofmoney.com/
The Shred Method: https://www.theshredmethod.com/
Link to Adam’s Documentary ‘Broke Busted & Disgusted’: https://www.masteryofmoney.com/bbd/
Adam’s Books:
Mastery of Money for Students: https://www.amazon.com/Mastery-Money-Students-Adam-Carroll/dp/194730500X/
The Build a Bigger Life Manifesto: https://www.amazon.com/Build-Bigger-Life-Manifesto/dp/1947305131/
Winning the Money Game: https://www.amazon.com/Winning-Money-Game-Achieving-Financial/dp/0976792400/
30 Days to $1K: https://www.amazon.com/30-Days-1K-Financial-Contentment/dp/0990557812/
Other Books Mentioned:
Smart Couple Finish Rich: https://www.amazon.com/Smart-Couples-Finish-Revised-Updated/dp/0525572937/
Debt Free & Prosperous Living: https://www.amazon.com/Debt-Free-Prosperous-Living-Basic-Course/dp/1883113105/
Think & Grow Rich: https://www.amazon.com/Think-Grow-Rich-Publication-Foundation-ebook/dp/B07P896HSJ/
MINDFUL MONEY RESOURCES
———————————
Jonathan’s Book – https://www.amazon.com/Mindful-Money-Practices-Financial-Increasing/dp/1608684369
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 - https://www.youtube.com/c/MindfulMoney🎙️
Podcast Production by FullCast: https://fullcast.co/sn