Nov 29 2023
084: Manisha Thakor - Balancing Financial Health & Emotional Wealth
Upcoming Event!How Can Mindfulness Help You Reach Financial Independence?Do you want to reduce money anxiety, but don’t know who to trust?Would you like to learn how to set up and manage your own retirement plan?Do you want to know how we create a passive income stream you can’t outlive?If yes, join us and learn how to answer the 4 critical financial independence questions:Am I on track for financial independence?What do I need to do to get on track?How do I design a mindful investing portfolio?How do I manage that portfolio and my income over time through changing markets?Learn more: https://courses.mindful.money/financial-independence-bootcampManisha Thakor has worked in financial services for over thirty years, with an emphasis on women's economic empowerment and financial well-being. She is the author of MoneyZen: The Secret to Finding Your "Enough," and has been featured everywhere including The Wall Street Journal, The New York Times, NPR, PBS, CNN, CNBC, Real Simple & Women's Health. Her work focused on helping individuals of all ages balance financial health and emotional wealth.Today, Manisha joins the show to talk about seeking wealth, counterfeit financial culture, and the difference between money problems and money worries.📺 Watch on YouTubehttps://youtu.be/tCQxxcAEwh4?si=Hijunx2kqk9VYsNpKey Takeaways00:59 – Jonathan introduces today’s guest, Manisha Thakor, who joins the show to talk about positive financial lessons she learned from both her mother and father09:14 – Seeking wealth13:36 – The feeling of ‘Enough’ and how gender influences it16:51 – Money problems vs money worries20:05 – The differences between the social infrastructures of the U.S. and Nordic countries26:07 – Counterfeit Financial Culture and Hungry Ghosts, explained32:50 – Financial Health plus Emotional Wealth equals Money Zen36:57 – One thing we can do to increase personal and financial success and one thing to completely ignore45:00 – One thing people don’t know about Manisha that she would like them to know, and one piece of advice she would give to her younger self48:41 – Jonathan thanks Manisha for joining the show, encourages the audience to leave a review on her book on Amazon, and lets listeners know where to connect with herTweetable Quotes“My mom is a hippie. She always - back before it was cool - had me playing with gender neutral toys and told me that money gives women voices and choices. And so I had very positive money influences growing up.” (04:47) (Manisha) “And so, a set of behaviors that helped protect me as a young child ended up as a runaway trait, a subconscious way of moving through the world. And, in the world of finance, when you work like a maniac and you’re trying to earn a lot of money, that’s called being a good employee.” (10:57) (Manisha) “A money problem is something that can be solved with a series of factual, tactical action steps. For example, how much house can I really afford? What is a reasonable, sustainable rate of withdrawal if I’m headed into retirement? My credit score is in the crapper. How do I improve it? Money problems.” (17:06) (Manisha) “Money worries are things that have emotional components to their solution, versus purely factual, tactical.” (18:35) (Manisha) “When we meet someone in the U.S. what is one of the first three questions we ask them? ‘What do you do?’ Overseas, in most countries, that is not the case. But we ask that question and we...