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

Today's episode features a special guest who brings a wealth of experience both professionally and personally. Kathryn Peyton, a CERTIFIED FINANCIAL PLANNER™ with Abacus Wealth Partners since 2016, joins us to share her invaluable insights on managing the role of an executor. We'll dive into Kathryn's personal journey, where she combines her professional expertise with real-life experiences, such as caring for her aging mother. Kathryn will discuss the significance of car rides and open conversations with elder family members, the financial and emotional investment of being an executor, and insights on how to prepare for and manage this crucial role. Join us to explore how to navigate the complex yet rewarding responsibilities of being an executor with our esteemed guest, Kathryn Peyton.

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

• The role of a geriatric care manager and the benefit it can have to your elder and you
• A few ideas on how to balance personal and caregiving roles
• How to foster open and meaningful conversations with your elders
• How to create space and opportunities for elders so you can learn more about them and their wishes
• The importance of having open communication when it comes to end-of-life desires and planning
• A few tips on how to alleviate stress on the elder and on you as the executor
• A few things you should keep in mind if you are named someone’s executor
• The importance of having accounts designated as “pay on death”
• The time commitment as an executor
• What you can do to make your work as an executor streamlined before the person’s passing

• Blogs written by Kathryn Peyton

• Find Kathryn on LinkedIn and learn more about her by reading her bio.
• 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 this episode, we discuss money lessons for our daughters and explore the crucial role of financial awareness, the importance of self-reliance, and the evolving financial roles of women in society. We'll share personal anecdotes, discuss historical contexts, and emphasize the importance of modeling positive financial behaviors for the next generation. We believe that money isn't just a tool for daily transactions—it's power. It's the key to independence, freedom, and making informed choices. Whether it's managing household finances, advocating for oneself, or navigating power dynamics in relationships, these lessons are vital for our daughters to learn early and understand deeply.

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 understanding where your money goes and how to make it work for you
• Why self-reliance is so importance when it comes to your finances
• The reason we, as parents, need to model positive financial behaviors for our children
• The misnomer regarding women and math and why gender bias in academia needs to be eliminated
• How women advocating for other women can impact your finances
• What conversations need to happen when couples have income differences
• When planning for your future, have you thought about these things?
• The best way to respond when you make a mistake
• Why you must believe in your abilities and validate your own worth
• How to advocate for change to make sure you have a seat at the table

• A Brief U.S. History of Women in Money and Finance by Josh Elledge
• Marriage & Money: Is a Prenup Right for You? with Terry Steen on If Money Were Easy
• The Rise of the Female Breadwinner: Key Planning Tips and Considerations by Alyssum Malone
• Cher Interview on Dateline with Jane Pauley. NBC. 1996.

• 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, we explore the often-misunderstood topic of prenuptial agreements (prenups). Joining us today is our esteemed guest, Terri Steen, an experienced family law attorney and mediator who has been practicing family law in Los Angeles since 2009. We'll explore the phases of prenuptial agreements, their impact on communication and empathy in relationships, and what makes for successful prenup negotiations. We'll also touch upon the importance of postnuptial agreements, legal obligations for immigrant spouses, and the complexities of commingling finances. And of course, we’ll share Terri's personal insights and experiences that shed light on why prenups can be a vital tool for protecting individual assets and ensuring financial clarity in marriage.

So, whether you're considering a prenup, navigating financial discussions with your partner, or simply curious about the legal and emotional facets of marriage and money, stay tuned—this episode is packed with valuable insights and practical advice.

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 open money conversations early in your relationship
• The three phases of prenuptial agreements and how to navigate the potential emotional challenges
• How to talk about financial history and future financial planning in your relationship
• Why prenups should come from a mutual understanding
• The reason understanding legal obligations around finances and marriage is important in your relationship
• How to maintain separate properties and some of the rules around community property
• How often you should be looking and updating your prenuptial agreement
• A reason to seek legal counsel before marriage
• The fundamental principal to achieve financial stability while making sound financial decisions
• The stigmas surrounding prenups

• Connect with Terry on LinkedIn
• 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

While not always an easy conversation to have, talking and preparing for the death of a loved one is incredibly important. On this week’s episode, we’re joined by Jana Davis, a financial advisor at Abacus Wealth Partners, who specializes in working with octogenarians and people in their later chapters of life. Jana’s approach to financial planning is rooted in empathy and radical candor, making sure that elderly clients are treated with the respect and dignity they deserve. Today, we'll be diving into the importance of having open and honest conversations with our aging family members, making comprehensive plans well ahead of time, and the necessity of having a strong support team in place. Tune in as we explore the critical steps in end-of-life planning and share advice on how to handle these conversations with care and empathy.

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

• The best way to handle the conversation around finances and health care planning for elderly family members
• What to consider when talking about fears and concerns for those elderly family members
• The best time to start planning for the death of a loved one and some signs to look for
• A few key pieces of information to generate (if they haven’t been already) to make for efficient and effective planning
• What to ask for when understanding the person’s financial portfolio
• Some of the trusted advisors to have on the team as you and your elderly family member navigate these waters
• Why estate planning and expense management is crucial as end-of-life approaches
• The importance of involving your children for the parents’ financial affairs
• How to guard again scams and elder abuse
• Why a balance between empathy and logic in financial planning must be used

• Connect with Jana Davis on LinkedIn or reach out at Jana@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, we're diving into a topic that can make or break a business—tax planning for entrepreneurs. In this episode, we’re excited to have Tiffany Vaught join us. Tiffany is not just any CPA; she’s a Certified Exit Planning Advisor (CEPA®) for small business owners, the CEO of Incurio, LLP, and the co-founder of Something Artists. With her entrepreneurial spirit and extensive experience, Tiffany brings a wealth of knowledge about proactive financial planning and tax strategies that can help you navigate your business journey with confidence.

We'll discuss tax planning essentials—whether you're a sole proprietor or contemplating making an S Corp election, the significance of maintaining accurate records, and Tiffany’s insights on the IRS’s increasing use of AI for audits. We’ll also touch on how unique income streams and expenses, like those from influencers, or complex real estate investments, play into your tax planning. So, whether you're a seasoned entrepreneur, a solo consultant, or just starting out, join us!

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

• How a CPA can help provide financial solutions in your business
• When to do your own accounting and when to hire a professional
• The importance of understanding basic accounting to facilitate planning and tax filings
• Why accurate and timely bookkeeping is crucial for business strategy and financial planning
• How frequently you should be checking your business books and why
• A key to long-term business stability
• The best way to improve cash flow management and mitigate unforeseen financial challenges
• How to shift your operations from hand-to-mouth to forward-looking financial health
• What you need to be strategic with cash flow management and acquiring lines of credit
• Understanding how entrepreneurs can avoid crises and optimize growth strategies

• The Soul of Money: Reclaiming the Wealth of Our Inner Resources by Lynne Twist

• Connect with Tiffany Vaught on LinkedIn, Twitter, and Instagram. Visit Encuriohq.com to learn more.
• 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