In this episode special guest, Spencer Sherman, a celebrated financial advisor, author, and co-founder of Abacus Wealth Partners, shares his insights on integrating mindfulness into money management. Spencer explains that practicing gratitude can help with decision-making by reducing the tendency to ruminate over negative experiences. He discusses human survival wiring, which naturally directs attention to potential threats, leading people to dwell on negatives like critical emails or market losses.
Throughout the discussion, various practical examples of incorporating mindfulness are provided. The concept of "microdosing" mindfulness is introduced as a way to build a more consistent practice. The conversation also highlights the need to recognize and sit with challenging emotions rather than trying to immediately fix them. The episode concludes with a gratitude meditation led by Sherman, focusing on appreciating current abilities and relationships while recognizing that others may feel grateful for us as well. Join us today and hear how you can practice mindfulness in your life!
For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.
What You'll Learn in this Episode:
- Why humans are naturally wired to focus on the negative and how we can rewire that thought process
- The importance of practicing gratitude in our daily lives
- How to use mindfulness to shift your thinking around finances
- The best way to approach gratitude, and it shouldn't be on a To-Do list
- The reason those little moments of mindfulness can be the most impactful
- Why it is critical to recognize gratitude within your community and how that can foster interconnectedness
- A better approach to handling negative emotions
- How to shift your thinking from desires to appreciation (and the positive impact that can have on your life)
- An impactful way of breaking negative patterns to open new possibilities
- An understanding of how to realistically view your problems and how to reduce overreactions to negative events
Resources:
- Explore more of Spencer's mindfulness-based approach to money via his free resources, book, the Your Inner Compass finance course, or his in-person appearances and events.
Stay Connected:
- Visit Spencer's website to learn more about Fearless Finance and connect with Spencer on Facebook, Twitter, Instagram, and LinkedIn or at Spencer@AbacusWealth.com
- Connect with Mary Beth on Twitter, Instagram, and on LinkedIn
- Connect with Neela on Twitter, Instagram, and on LinkedIn
- Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn
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