Share this
by James Robert Lay on January 27, 2022
Brief Summary of Episode #161
Money doesn’t buy happiness… but mental health and finances are so tightly woven they may as well be part of the same cloth.
Financial uncertainty is one of the biggest stressors in our lives today, but overcoming most of our financial woes often comes down to one thing: mindset.
The right mindset and attitude when tackling finances is everything, and it’s high time that everybody worked on their mental wealth.
Joyce Marter, Author of The Financial Mindset Fix: A Mental Fitness Program for an Abundant Life, is our guest today to discuss how psychology and finance intertwine.
There’s a huge connection between your “wallet well being” and your “financial well being”.
Joyce’s research has led to 12 mindsets that lead to improved happiness and financial success.
One of them is related to ego - which we all have in some fashion - and Joyce defines the healthiest position on the ego spectrum as “half way between diva and doormat.”
Keeping our ego in check and inhabiting the healthy zone between the two extremes above, we can start to see the success that healthy relationships and healthy amounts of self esteem generate.
And we know success in business is ALL about relationships.
Being aligned with your authentic self is a surefire way to begin being more at peace with not only your purpose in this world, but the financial aspects of your own life and those around you.
Joyce’s advice and research is tremendously eye opening no matter what phase of your financial journey you are on.
Key Insights and Takeaways
- The connection between financial well-being and mental health
- Why the taboos around money make it hard to address the interplay between the two
- The 12 mindsets you can cultivate to boost your mental wealth