SUMMARY
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Bari Tessler is a financial therapist, author and founder of The Art of Money. For over twenty years, Bari has worked with individuals, couples, and entrepreneurs to provide them with a more creative, mindful and deep approach to money. Today, Bari brings that knowledge and expertise to discuss her three phases of deep money work: Money Healing, Money Practices and Money Maps. Bari talks about self-compassion, understanding the emotions surrounding money and your money story, and how to overcome universal money challenges that can be overwhelming at times.
TAKEAWAYS
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00:52 – Bari Tessler discusses her upbringing and how it impacted her financial life moving forward
10:01– From psychology at Naropa University to bookkeeping to financial therapy
19:47 – Self-compassion and The Art of Money
21:56 – Becoming aware of your money story
25:50 – The importance of going on ‘Money Dates’
33:45 – Money Maps and making sound money decisions
37:24 – Universal money challenges that overwhelm most of us
42:07 – Two financial tips that can improve your financial well-being
46:46 – Top trends to ignore in the financial space
50:42 – How Bari is raising her son to think about money
55:05 – The last thing Bari changed her mind about
56:52 – Bari’s next big projects and where listeners can go to learn more
QUOTES
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“At the age of thirty-two, I decided to start my own work and that’s when I created my methodology. And my husband said, ‘Oh you’re doing financial therapy.’ He named it, so he’s always been my namer. And I thought, ‘Wow, that’s a great name.’” (17:57)
“Awareness is something that many of us don’t have, or we feel we have too much of, or we have a hyper-vigilance of. And so, how can we start welcoming in a practice like the Body Check-In before, during, and after.” (25:35)
“Money dates can be with yourself. They can be with your spouse or your partner. They can be with your family. Money dates can be five minutes a day at the beginning. It may just be going online to check your balances. Or going online and checking your balances to see the transactions to see if there’s anything funny.” (28:17)
“For me, most of my money decisions are based on time, money, energy, family and health.” (36:33)
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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Bari’s Website – https://baritessler.com/
Bari’s Facebook – https://www.facebook.com/baritessler
Bari’s Instagram – https://www.instagram.com/baritessler/
Bari’s Books:
The Art of Money: https://baritessler.com/art-of-money-book-2/
The Art of Money Workbook: https://baritessler.com/art-of-money-workbook/
MINDFUL MONEY RESOURCES
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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
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Podcast Production by FullCast: https://fullcast.co/sn