In Episode 1 of the Inspired Money Podcast's live stream series, “Financial Freedom Unleashed,” hosted by Andy Wang and produced by Bradley Jon Eaglefeather, an esteemed panel—Jordan Grumet, Dr. Lakisha L. Simmons, and Mariko Gordon—delved into the emotional complexities of achieving financial independence. The segment, aptly titled “The Emotional Rollercoaster of Financial Independence,” explored the psychological hurdles and triumphs one faces on the journey to financial freedom. Here are the key takeaways from this illuminating segment.
LEp 1 – Segment 2: Inspired Money Live – Financial Freedom Unleashed
The Dual Energies of Earning and Keeping Money
Jordan Grumet, a seasoned financial advisor, emphasized the contrasting energies involved in earning and keeping money. He noted that the drive to “chase the rabbit” is different from the responsibility and anxiety that come with actually catching it. This transition can be challenging, triggering a new set of emotional complexities.
The Invisible Wealth and Visible Status Symbols
Dr. Lakisha L. Simmons highlighted the concept of “invisible wealth,” which often goes unnoticed as people tend to focus on visible status symbols like cars and homes. She urged individuals to consider what truly “lights their soul on fire,” rather than getting caught up in materialistic desires.
The Importance of Financial Maturity
Mariko Gordon, a professional investor, spoke about the need for financial maturity. She emphasized the importance of being intentional about both income generation and capital preservation. Living in a deprivation state for too long can lead to emotional and financial breakdowns, making it crucial to lead an intentional life that reflects your current self.
The Power of Compounding and Intentionality
Jordan Grumet returned to discuss the power of compounding over time and the importance of not interfering with it. He also stressed the need for a healthy attitude towards money, advocating for a balanced approach that nurtures all aspects of one's being.
The Psychological Health of Spending
Dr. Lakisha L. Simmons touched on the psychological benefits of spending money in a way that aligns with one's emotional and mental well-being. She argued that spending money to feel good can actually be an investment in oneself, contributing to a higher “soul ROI.”
The Holistic Approach to Financial Independence
Mariko Gordon concluded the discussion by emphasizing the holistic nature of financial independence. She noted that it's not just about money; it involves a deep level of self-awareness and introspection. Achieving financial freedom requires an integrated approach that nurtures your mind, body, and soul.
The segment “The Emotional Rollercoaster of Financial Independence” from Episode 1 of the Inspired Money Podcast's live stream series, “Financial Freedom Unleashed,” offered a multi-faceted look into the emotional and psychological aspects of achieving financial freedom. It's not just about accumulating wealth; it's about doing so in a way that is emotionally and psychologically sustainable. As you navigate your own journey to financial independence, let the wisdom of Jordan Grumet, Dr. Lakisha L. Simmons, and Mariko Gordon guide you.
by Story Alchemist – Stella Knight (Creative Collaborative Media Design by EaglesVision).
Meet Our Esteemed Guest Panelists:
Jordan Grumet, aka Doc G
From internal medicine physician to financial independence expert, Jordan Grumet has a multifaceted journey that showcases his dedication to empowering others. He is currently an associate medical director at Journeycare Hospice and the host of the Earn & Invest podcast.
Dr. Lakisha L. Simmons, The AchieveHer®
Dr. Simmons is a retired financial guru and single mom who retired at 41 years old. She is the founder of BRAVE Consulting and has touched thousands of women's lives through her platform, AchieveHer. Her story of overcoming obstacles and achieving financial independence is an inspiring testament to her grit and determination.
Mariko Gordon built $2.5 billion money management firm Daruma Capital Management, specializing in small-cap investments. After 30 years of analyzing companies, speaking to management teams, studying competitive landscapes, and taking apart business models, she helps people to run their businesses, finances and lives on their own terms.
Join us for this enlightening episode as we unleash the secrets to financial freedom. Whether you're a seasoned investor or just starting your journey, this episode offers valuable insights that can help you achieve your financial goals.
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