Welcome to the Rooted Mind Podcast!
Episode #78: Money Mindset
Your hosts: Jess and Shelby
[0:45] Intro and life updates
[7:32] Money is a top cause of stress
[8:06] Stress over finances has been associated with increased suicide rates and is a top cause of divorce
[8:30] Misconceptions surrounding debt
[8:55] Shelby’s opinions on debt
[14:01] Practicing gratitude can lead to less spending
[14:50] Jess: When I put myself on a budget, I realized how much I had been spending just to fill a void
[15:20] Being mindful of how you spend
[16:00] Getting to the root emotions that are driving us to buy things
[17:41] What can get us into a place of balance?
[18:20] When you practice gratitude, you become a grateful person
[18:35] Comparison leads to discontentment, no matter how much money you have
[19:20] Wealth doesn’t equal happiness
[22:12] The average American carries around $38,000 in consumer debt
[22:52] Shelby: Proactively saving can lead to a lot more contentment
[23:18] Shelby shares her three practical steps to financial stability
[26:50] Shelby shares resources her family uses to budget
[27:32] Our behavior drives our spending habits
[28:31] Jess: I’m happier now making less money than when I was making more money because I’m doing what I enjoy
[29:30] Shelby: One positive aspect of quarantine during this pandemic is that more people are saving money
[30:05] Shelby: Culturally, maybe we can shift to more gratitude instead of more instant gratification
[31:15] Importance of women becoming financially empowered
[32:07] More women are becoming business owners and finding ways to balance having a family and a career in a way that works for them
[33:07] Jess: There is so much more to life than the 9 to 5 job
[33:17] Outro
