In the first ever episode of Modern Financial Wellness I talked with Derek Hagen about mindfulness and how to apply a mindfulness practice to our financial lives.
Derek is a certified mindfulness/meditation instructor, a certified financial planner and financial psychology expert. So he was really a great resource for the topic and after an hour long conversation I felt like we had just scratched the surface.
If you prefer to listen to it, here it is on Spotify:
- Mindfulness is all about practicing how to be more aware and conscious of the decisions we make.
- It can be helpful in allowing us to be more thoughtful when we respond to people or situations, rather than emotionally reacting to our environment.
- Mindfulness can help us accept our financial situation so we don't ruminate on the challenges we face but instead towards a path forward and take action to improving things.
- Practicing mindfulness can help us better manage our impulses and not give in to them right away, putting distance between impulse and action.
- Whether it's making better decisions about how we spend our money or just being more mentally and emotionally prepared to deal with the ups and downs of the stock market, Mindfulness can be an extremely useful tool in improving our Financial Wellbeing.
FUN STUFF YOU'LL LEARN ABOUT:
- What mindfulness IS and ISN'T.
- How our brains are like monkeys and elephants.
- There is a place somewhere called "Social Comparison Mountain"?
- Budgeting is actually a form of mindfulness!
- Rules Rule!
- "There are no such thing as money or financial goals, just life goals with a price tag."
READ+LISTEN+LEARN - THINGS DEREK RECOMMENDS:
DEREKS FAVORITE WELLBEING PRACTICE:
- EXERCISE - Derek said it was helpful to find something that doesn't feel like work, something fun that you don't mind doing. He likes squash, the "racquetball like" game not the vegetable.
CHECK OUT DEREK @: