SUMMARY
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Leisa Peterson is the Founder of The Wealth Clinic and author of the Amazon best-seller The Mindful Millionaire. Leisa is also the host of The Mindful Millionaire podcast, a show that features inspiring discussions, interviews and commentary aimed at teaching self-mastery and practical financial wisdom. Leisa is a mindfulness teacher and long-time finance-pro, who joins the show today to share her expertise. Today, Jonathan and Leisa touch on the topic of financial trauma and how it can have such a profound impact on a person’s financial future. Leisa provides her thoughts on the dangers of having a scarcity mindset and what affect it can have on your finances. They talk about the importance of teaching financial literacy, especially to young people, in order to foster financial success. Finally, Lesia speaks to the value of applying a mindful approach to money and highlights a bold move each of us can aspire to for a better financial future.
TAKEAWAYS
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00:03 – Jonathan introduces today’s guest, Leisa Peterson, who joins the show to share some of the early lessons she learned about money growing up and discusses the concept of financial trauma
07:27 – Leisa provides examples of financial trauma she’s witnessed throughout her career
15:23 – Lesia reflects on her own career development
20:20 – How trauma affects financial success
25:35 – The dangers of having a scarcity mindset
26:53 – The importance of teaching young people financial literacy
32:02 – The Less Than Fifty Percent Rule
36:15 – Questioning the assumptions of what you value
39:08 – Something Leisa changed her mind about recently
41:13 – One thing that Leisa wishes people knew about her
42:53 – Jonathan thanks Leisa for joining the show and lets listeners know where to learn more about her
QUOTES
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“You have to control your destiny because your destiny is not going to just deliver itself on your front porch.” (05:45)
“What I think is first and foremost the most important thing is that you can’t just tell yourself affirmations or read a book to change how you feel about yourself...” (08:28)
“I am in a ‘Take Out More’ space because I am enough, because I see the value that I’m creating in the world...” (14:19)
“It’s helpful to show people their patterns, such as, ‘This is what it feels like to be stuck in scarcity and let me show you what it looks like on the other side because I want you to be able to do this for yourself in the future.’ And I’ll start to show them the possibilities that they’re not even aware.” (26:12)
“The idea that you could have all of your necessity expenses at less than fifty percent of the income coming into your home is a game changer.” (33:13)
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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Leisa’s Websites – https://www.wealthclinic.com/
https://www.mindfulmillionairebook.com/
Leisa’s Podcast –
https://podcasts.apple.com/us/podcast/mindful-millionaire-with-leisa-peterson/id1507801376
Leisa’s Book:
MINDFUL MONEY RESOURCES
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Website - https://mindful.money/
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Podcast Production by FullCast: https://fullcast.co/sn
