Episode 118

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Published on:

31st Jul 2024

118: Darla Bishop — From Scarcity to Abundance: Transforming Financial Mindsets with Darla Bishop

Dr. Darla Bishop, affectionately known as the FinanSis, is the Founder of Finansis LLC, a boutique consulting firm based in Lansing, Michigan, and the author of How To Afford Everything. Motivated by her own challenging childhood in Detroit, Dr. Bishop’s unique gift lies in her ability to motivate individuals to transcend limiting beliefs about wealth and cultivate a positive financial mindset. She firmly believes that empowering individuals with financial knowledge is pivotal in creating prosperous and resilient communities.

In this episode, I talk with Darla about her journey to becoming a renowned financial coach and professor. We discuss essential steps for financial awareness, the importance of mindset in managing money, and practical approaches to budgeting, debt management, and building multiple income streams. Darla also shares actionable tips on tracking expenses, changing financial mindsets, and achieving financial freedom through incremental wins.

In this episode:

  • [00:00] - Intro
  • [01:03] - Meet Darla Bishop
  • [02:48] - What Darla learned about money management growing up
  • [05:24] - The impact of financial advice from family
  • [07:10] - Darla's journey to financial literacy
  • [11:22] - Writing a book on personal finance
  • [14:27] - The importance of mindset in financial success
  • [15:13] - Identifying and changing unhelpful financial mindsets
  • [20:40] - Practical budgeting tips
  • [23:41] - Tackling debt
  • [28:57] - Multiple income streams
  • [33:49] - How to change your finances today
  • [35:11] - Redefining success
  • [37:14] - Travel and personal growth


Get full show notes and links at https://mindful.money

Watch the episode on YouTube: https://www.youtube.com/@MindfulMoney.



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About the Podcast

Mindful Money
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.

About your host

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Jonathan DeYoe

Jonathan DeYoe is a best-selling author, speaker, financial advisor and angel investor. He is a husband, father and a practicing Buddhist. His simple underlying message brings a welcomed sense of order to financial chaos and restores a calm center to your financial life.