About the Episode
Money cannot purchase happiness. Yes, it simplifies the other tasks by smoothing out some of the rough spots. However, it is not the determining factor of happiness. Instead, money influences many of our choices. We are all concerned with earning, spending, and saving money, regardless of our income level or spiritual beliefs. Yet few of us comprehend the fundamental essence of money. Today’s guest, Jonathan K. DeYoe, tells us how to save, invest, pay off debt, and fund our retirement and goals by creating a lifetime income stream and how to develop a unique financial plan based on our most cherished values.
Jonathan DeYoe is a best-selling author, public speaker, financial consultant, and angel investor. Moreover, he is a Buddhist practitioner. His basic underlying message restores order and tranquility to our financial life by bringing order to the economic chaos. He highlights in his book ‘Mindful Money’ that money is a tool that can be used to sustain your lifestyle, achieve your goals, and earn the “happiness dividend” that everyone deserves. Jonathan is always bridging the gap between money and life. He believes everyone can live a vibrant and financially successful life by adopting a few essential principles and basic behaviors. Also, he teaches these attitudes and behaviors most effectively in places where love and money intersect.
In today’s conversation, Jonathan explains how Buddhism can be applied to finance. He offers four fundamental aspects of mindful money that we must comprehend: understanding our money illusions, realizing what makes us happy, creating a strategy to obtain what makes us happy, and finally, sticking to the plan. In addition, while presenting three collections, he demonstrates how to overcome the illusion generated by intense competition and relentless marketing and why they trap individuals. Also, we discuss how individuals should plan for their future in broad strokes, beginning with their existing circumstances. Moreover, Jonathan points out the significance of health and relationships in determining a person’s happiness. Finally, Jonathan concludes by emphasizing the importance of investing straightforwardly through asset allocation, diversification, and rebalancing.