Episode 78: Money Mindset

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 

 

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