Thank you, Vince! It was really great chatting with you. I had a lot of fun reflecting on my personal journey and how Mindful Money was born. I look forward to connecting with you again soon.
Jonathan DeYoe has spent the majority of his adult life following what Buddhists call “the middle path.” By applying this belief system – which is both simple and challenging – to financial planning, we will find our way to financial sanity and earn what he calls “our happiness dividend” —the joy and satisfaction that comes from a life well lived.
Jonathan is the author of Mindful Money: Simple Practices for Reaching Your Financial Goals and Increasing Your Happiness Dividend. He runs a private wealth management firm (DeYoe Wealth Management, Inc.) and a digital advisor. Before financial services, he was a student of philosophy, comparative religion, and Buddhist Phenomenology at the Graduate Theological Union in Berkeley, CA.
As a speaker, Jonathan applies insights at the “intersection of financial success and relentless happiness.” He wants investors to embrace the freedom that financial outcomes are largely the result of simple choices they make. Better yet, that planning for tomorrow can bring hope and joy to the present moment, which is the truest happiness dividend.
Jonathan lives in the Berkeley Hills with his wife of 15 years and 2 incredible kids, and can still be found twice a week playing soccer!
Three Key Points:
We are multidimensional creatures. We have emotional, physical, and mental dimensions where having fullness in all of our dimensions affect our lives and our ability to attract abundance.
There are so many people in the world with gifts and talents that are afraid to share them because they’re worried about what other people are going to think. When you are the true you, you’re going to attract people into your life that are important in your journey because of the way you are.
What is it that brings the life you want to you. What’s important to you. Start here, then figure out the numbers and how to get there. You have a lot of time, but start with step one to figure out where you are. You can’t get from point A to point B without first figuring out where you’re starting from.
3:45 — Falling in love with economics and money at the age of 9, Jonathan DeYoe has tried many different ways to invest over the years. He learned a lot through the mistakes he’s made.
5:30 — Our culture is blindly market focused, performance driven. These efforts fail time and time again. Switching up to becoming mindful and goal focused is the full proof way to invest.
7:00 — Investors who make the mistake of being market focused can not accurately predict the outcome of their investment. Today is a perfect example, where investors are vested in their money as a market driven focus, yet a global pandemic of coronavirus instantly put them in a place of uncertainty and loss.
9:30 — A wakeup call for Jonathan where he felt like he was going through hell, became a huge turning point for his life. He describes the torment he went through, and how it all got turned around into a fulfilling and prosperous life.
13:00 — When we work out, we’re strengthening a particular muscle and loosing fat in that area. Jonathan DeYoe discovered that there’s a mindful muscle that needs to be worked out as well.
15:30 — A belief in the future is the most important muscle to workout as far as mindfulness for financial success.
18:10 — The first important thing that Jonathan does is provide critical communication. Providing an outlet for people to learn, ask questions, and communicate is important.
21:00 — Meditation is a powerful way to deal with cognitive biases and limiting factors that hold us back from financial success.
23:00 — Mindfulness isn’t for everybody. Some people believe that mindful money is too soft of a concept, others are fully on board with the idea. Whether you support the belief or not, the fact is that cognitive biases will negatively impact your ability to achieve financial success.
25:45 — Everything starts with understanding you. We get pulled towards other people’s hopes and expectations of us that we never spend the time to figure out what’s important to us.