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.

• 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

• 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.
  

• 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

Today’s episode dives into the financial aspirations and strategies for the next ten years as both hosts reflect on reaching the milestone age of 40. They explore the importance of investing in community and relationships beyond family ties, the excitement of aging with close friends, and nurturing valuable relationships despite busy schedules. They also address common financial anxieties, the concept of feeling behind financially, and provide practical tips on financial planning. Join Mary Beth and Neela as they blend thoughtful financial advice with personal anecdotes, offering a look into the financial landscape of their 40s and beyond.

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

• The importance of have long-term meaningful friendships
• How to face the idea of feeling financially behind
• The first step you can take if you’re feeling financially behind
• Why you need an emergency fund and how much you should be stashing away
• How the debt cycle can negatively impact you
• The reason you shouldn’t put all your financial eggs in one basket
• Understanding how to get compound interest to work for your investments
• A few items to focus on as you cruise through your 40s
• Why accountability is essential to improve personal and financial health
• How to find the balance between financial discipline and enjoying life

• 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

In today's episode Mary Beth and Neela dive into the unique financial and societal challenges that young men face today. From the significance of developing strong social and emotional skills to understanding the difference between investing and gambling, this episode offers actionable insights and personal anecdotes. The hosts discuss societal pressures on young men during their "grind years," emphasizing the value of patience and face-to-face social interactions. They share personal stories from their own experiences raising children, highlighting the importance of early financial education and emotional awareness. The conversation also touches on gender-specific financial teachings, the balance between societal expectations and personal values, and the importance of open communication in relationships. Tune in to learn how to cultivate these skills in your children, and how to help them grow up to be well-rounded and financially savvy individuals.

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

• Some of the social and emotional challenges that young men face today
• Why those face-to-face interactions are so crucial in developing social skills
• Comparing communication skills and regular exercise
• The importance of teaching children about emotional awareness at a young age
• Some societal norms that impact how men respond in relationships and around money
• Understanding the financial aspect when choosing your life partner
• Comparing and contrasting gambling and long-term investing
• The one thing most people need when it comes to their finances in this fast-paced world
• How your financial behaviors can impact and influence your children’s financial behaviors
• Why it is critical to understand privilege and how to use it positively
• How a lesson on gratitude can benefit your little ones

• Behind Many Powerful Women on Wall Street: A Doting ‘Househusband’ By Miriam Gottfried in The Wall Street Journal
• Episode 55: Money Lessons for Our Daughters
• Episode 56: Navigating Parents’ Aging & Financial Care: Lessons from A Personal Journey with Kathryn Peyton

• 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