Join us on Average Joe Finances as our guest Doug Lynam, a former Benedictine monk turned financial advisor and author, shares his unique life story, detailing his upbringing in an affluent family with financial struggles, joining the Marine Corps, and eventually spending 20 years in a monastery where he had to navigate its financial crisis. Through this journey, Doug developed a keen interest in finance, ultimately leading to a successful career as a financial advisor. He discusses his views on effective money management and introduces his latest book 'Taming Your Money Monster,' which combines the Enneagram personality system with financial behavior analysis.
In this episode:
- Discover how understanding your personality can expose hidden financial habits and help tame your "money monsters."
- Explore why true service and generosity begin with achieving personal financial stability.
- Unlock the power of aligning earning, saving, investing, and giving for long-term financial success.
- Understand how financial literacy is rooted in continuous self-awareness and personal growth.
- And so much more!
Key Moments:
00:00 Introduction and Guest Welcome
00:33 Doug Leham's Early Life and Family Dynamics
01:29 Journey to the Marine Corps and Monastery
02:14 Financial Awakening and Monastery Bankruptcy
04:32 Building a Financial Advisory Firm
08:06 The Enneagram and Money Monsters
11:27 The Four Pillars of Financial Success
13:36 Understanding the Enneagram Types
19:21 Transitioning Between Achiever Categories
19:48 The Value of a Good Enneagram Test
20:48 Understanding Money Relationships
22:05 Doug's Journey from Monk to Financial Advisor
23:11 The Final Round: Doug's Financial Insights
28:26 Doug's Recommended Reads
31:14 Where to Find More About Doug
32:58 Final Thoughts and Farewell
Find Douglas Lynam:
https://www.douglynam.com/
https://www.instagram.com/douglynam/
https://www.linkedin.com/in/doug-lynam/
Average Joe Finances®
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About Mike: https://mikecavaggioni.com
About Tawnya: https://www.themoneylifecoach.com/
Show Notes add-on continued here: https://averagejoefinances.com/show-notes/
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See our full episode transcripts here: https://podcast.averagejoefinances.com/episodes
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