Back by popular demand on the podcast: James Lenhoff! You all loved James’ straightforward, no-nonsense approach to finances so much that I invited him to join me again.
I brought him your questions about money in relationships, how to take ownership of your finances once and for all, how to handle a raise, and what he spends money on with his family to improve their lives.
A quick rundown on what we cover in the episode:
- Reframe the way you approach the holidays by asking this one question
- How to find a compelling purpose for your money
- Why following expert money advice isn’t always the best idea
- Wanting from a place of abundance vs scarcity
- James’ take on what to do if your partner is in debt, if people should have a “Fuck Off Fund,” why things shouldn’t be 50/50 in a relationship, what to do when you get a raise, and the first step that you should take if you currently have no money management system in place
- Why “I didn’t sign up for this” — and other seemingly innocent little thoughts can be so detrimental
- What laughter has to do with coaching — and how to know if you’re not coachable
- What to track instead of your income
- The best time to get into the stock market
- How productivity saves money and how to learn how to delay gratification
Resources
- The Pique Podcast episode: Money communities, unflappability, and generosity with James Lenhoff
- Quicken (paid) and Mint.com (free)
The 8-minute exercise that I mention on the episode:
For each category below, spend 1 minute (no more — set a timer) coming up with something that you want that feels totally impossible for you to have. It can be physical or non-physical; a thing, a belief, an experience, etc. Anything goes, but just one thing per category:
- Self confidence
- Career
- Finances
- Productivity + time management
- Community + Relationships
- Health and wellness
- Creativity
- Physical environment (city, home, possessions, etc)
Use this sentence to guide you: “It feels impossible, but in my [category above], I want __________.” You can also use this one: “If I had a magic wand, I would wish for ____________.”
