SUMMARY
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Kristen Wonch is a money coach who works with women to build a relationship with money that turns them on. She does this by teaching women how to earn more, hold onto more, and grow it more simply.
A self-proclaimed, ‘wealth ninja,’ Kristen joins the show today to discuss the impact our financial beliefs have on our success, the differences between masculine and feminine energy, and how to avoid the three fatal mistakes investors make.
TAKEAWAYS
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00:54 – Jonathan introduces today’s guest, Kristen Wonch, who joins the show to share her journey to financial planning and how she made an early association between money and goals
07:22 – Breaking down masculine and feminine energy
14:02 – Where Kristen gets her information and how she differentiates herself as a financial coach
20:09 – The impact of our beliefs
24:48 – Overcoming the hurdle of limiting beliefs
34:12 – How men and women approach finances differently
38:29 – The shift in society around equality and opportunity
40:49 – Three fatal mistakes that investors make
45:34 – One piece of advice Kristen would give to a woman looking to invest for the first time and one thing to completely avoid
49:34 – The last thing Kristen changed her mind about and one thing people don’t know about her that she would like them to know
52:52 – Jonathan thanks Kristen for joining the show and lets listeners know where to connect with her
QUOTES
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“What I grew up believing about money was that there wasn’t a lot of it. Money was a thing to be stressed about, it wasn’t to be overspent, and it wasn’t to be spent on things that were luxuries.” (02:48) (Kristen)
“In our society, we’re socialized to believe that the masculine energy is the way to make shit happen - it’s the way to make money, it’s the way to achieve, it’s the way to climb the corporate ladder. So, society doesn’t socialize us to value a lot of the feminine energy aspects, like building relationships, empathy, having emotional intelligence.” (12:34) (Kristen)
“We all have beliefs. All of the beliefs you have about money - all the beliefs you have about yourself and the beliefs you have about world - that drives every single one of your actions. And most of the beliefs that you’re holding you’re not even aware that you have; you actually think that it’s true.” (18:40) (Kristen)
“With the inequality conversation, believing that there are certain things, both structural and societal... ” (24:08) (Kristen)
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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Mindful Money’s Long-Term Cost of an Advisor calculator: https://courses.mindful.money/costofadvisor
100 Money Blocks Free Guide: https://bit.ly/3q9MmAr
Kristen’s LinkedIn: https://www.linkedin.com/in/kristenwonch/?originalSubdomain=cr
Kristen’s Website: https://www.kristenwonch.com/womens-money-mastery
Women’s Money Mastery: https://www.kristenwonch.com/womens-money-mastery
Kristen’s Podcast: https://podcasts.apple.com/us/podcast/the-wealth-equation/id1654353192
Kristen’s Email: hello@kristenwonch.com
Kristen’s Facebook: https://www.facebook.com/kristenwonch/
Kristen’s Instagram: https://www.instagram.com/kristenwonch.xox
MINDFUL MONEY RESOURCES
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Monthly Coaching Membership: https://courses.mindful.money/mindful-money-membership
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