In short
Podcast Notes: The Daily Motivation - Episode 518: Why Money Conversations Make People Squirm | Jen Sincero
Podcast Overview
- Podcast Title: The Daily Motivation
- Host: Lewis Howes
- Guest: Jen Sincero
- Episode Topic: Personal growth lessons from a decade of experience in personal, physical, and financial realms.
Key Themes and Discussions
- Personal Growth Over 10 Years
- Self-Perception:
- Importance of not letting others' opinions define self-worth.
- Both praise (five-star reviews) and criticism (one-star reviews) can distort self-image.
- Emotional Management:
- Balancing public perception with personal authenticity.
- Understanding that external validation can lead to emotional pitfalls.
- Financial Insights
- Generosity vs. Frugality:
- Sincero's realization of her generosity contrasted with her frugal habits regarding personal indulgences.
- Discussion on the emotional connections we have with money and spending.
- The Abundance Mindset:
- Emphasis on being mindful with money while recognizing the importance of generosity.
- The distinction between being frugal and being abundant, emphasizing balance.
- Money Conversations
- Societal Discomfort:
- Many people are uncomfortable discussing money, leading to a lack of transparency.
- Advocates for open discussions about financial successes and challenges to normalize the conversation.
- Bragging vs. Sharing:
- Navigating the thin line between sharing financial achievements and coming across as boastful.
- The analogy of discussing weight loss to illustrate why financial success should be shared and celebrated.
- Relationship Dynamics
- Comfort with Money Topics:
- The tension in relationships when discussing financial matters.
- The role of vulnerability and service in fostering open conversations about money.
Key Takeaways
- Self-Worth: Your value should not be dictated by external validation; focus on your own opinions of yourself.
- Mindfulness in Spending: Be aware of your spending habits; learning to treat yourself can be as important as being frugal.
- Open Communication: Encourage conversations about money to reduce stigma and discomfort; it's a crucial aspect of personal growth and community support.
- Balance: Strive for a balance between generosity and financial prudence to maintain an abundant mindset.
Conclusion The episode highlights the importance of self-awareness and open communication when it comes to personal and financial growth. Jen Sincero’s reflections serve as a reminder that our stories shape our identities, and how we relate to money can significantly influence our quality of life.
For further insights, listeners are encouraged to check out the full episode and subscribe for more motivational content.
[Listen to the full episode](https://link.chtbl.com/1492-pod) | [Sign up for the Greatness newsletter](https://info.lewishowes.com/newsletter?source=podcast-post-roll)
Written by AI. May contain mistakes. Listen to the episode to check what was said.
Transcript
Automatic transcript. May contain errors.0:00Hi, my name is Lewis Howes and welcome to the Daily Motivation Show.
0:12What has been the biggest lesson in 10 years? Personally, physically, and financially. Oh, man. Because when you get more money, more impact, more celebrity, fame in an industry, people change around you. Some people don't, some people do. Right. You get to make different choices with your health. Right. In positive or negative. Right. you have more abundance to do bad things or good things. Yeah. And you get to see how you show up emotionally, spiritually as well. Yeah, that's such an interesting question. You know, I definitely feel like I've gotten better and better. It really, this sounds cold, but like not caring what other people think about me.
0:50Like that is something that I'm really dedicated to right now, where it's like the one-star reviews and the five-star reviews. You know, it's like, believe me, I'm so grateful anybody reads the book, But five-star reviews are the real dangerous ones, right? Where you're just like, I'm so cool. People think I'm funny and smart. You know, really getting good inside. Like just being like, it doesn't matter as long as I think it's good. And I think it's funny. And I think it's helpful. That's it. So that has been really important to me because it is weird. I mean, I'm sure you too. Like people know who you are.
1:21And it's like, it's a little uncomfortable sometimes. I mean, it's great too. Like I love meeting my readers. But it's just like, I can't get too wrapped up in their opinion of me because it's about my opinion of me. So that's been a really big one. So not letting the opinions of others be the opinions of you about you. Yeah. Interesting. This really coming through. The high hype and the low lows. Yeah, definitely. Because you hear a lot about the low lows, like don't focus on the criticism, but you really got to watch it with the five-star stuff too. That's interesting. Because then if it goes away, you're screwed, right?
1:53You're totally screwed. I mean, that's why so many celebrities wind up in rehab, you know? Especially if you... I always think about this too that I'm so glad for me anyway that it started when I was older. If I was 20 and I was getting all these accolades, I would be such an idiot. I know, like no way. Oh, I'm really, I'm so grateful for all of it, my God. That's personally, what about this lesson financially? Financially, I love giving money away. Like I didn't, I really honestly never thought I was that generous of a person, but I am, so I'm very happy to find that out about myself because I didn't really think that I was.
2:27But also, I was just making fun of this this morning with a friend of mine that I'm still kind of cheap with myself in ways. Like, I'm not great at, like, I mean, I have a nice house. I have a nice car. I certainly spend plenty of money on myself. But I can just be, like, I'm not good at being rich and, like, getting room service and, like, spending. I'm just, I'm still kind of, you know, the Italian immigrant's daughter who sort of pays attention. So, not that that's bad, but. It's interesting. I have a little bit of that in me. Although in the last couple of years, I've started to learn how to take care of me with travel and food and convenience and saving time.
3:03Convenience. Whereas for, I don't know, the first five years of my business, I was making money, right? It's like, not like I didn't have money, but I was so afraid to lose it also. Yeah. I was just stacking it. Every time I travel, I would try to find who do I know in this town that I can sleep on their couch. I'm not going to pay 200 bucks a night for a room. What are you talking about? Like, I can use that money and I can put it somewhere else. Yeah. And I was always like, how do I just get on the cheapest bus fare? Right. How do I get like the middle backseat on Southwest? Like, how do I get the$39 front?
3:34Shooting high. Yeah. And just sit there for six hours in the middle and just, you know, crammed. Yeah. As opposed to, you know, convenience and saving time and having my health optimized and using it to do those things. So I just worked, worked, worked to make it, but I was afraid to lose it for a while. And also like the value, like I still, and I make myself too, but I hate paying for parking. I would rather, and we're talking like$2 at a meter. Like I'm so weird about that. I'm like. You'd rather roll on the block five times just try to find a free spot. Just waste gas, waste my time. Like it's so stupid.
4:06But I, and I crack up like, but I also have this thing where like I'll spend 60 grand to put solar on my house, but I won't spend$15 on a wooden spoon. Like I'm just, I don't know. It's just kind of funny catching yourself. There's a power in being mindful with your money and being, I would call it frugal, I guess, maybe in certain ways, but abundant in other ways. Right. It's like be abundant in certain ways, but don't just overspend on everything because you have the money. Yeah, I guess. I know. So mindful of certain things, you know, whatever level you're at, too. You know, like when you don't have money, you also don't want to be pinched off and stingy with it.
4:41Like it really is about figuring out where you're at and how to stay in that abundance mindset and in the flow and leaving an extra dollar when you tip or whatever, you know, but just really catching yourself when you're pinching it off. Because it doesn't matter how much we're talking about, but it's that pinching off. If money is currency and currency is energy and you're pinching it off, that is not going to do well for you. Blocking it. What was the big lesson about relationships in the last 10 years? people are still really uncomfortable with money and I I do feel like it's being of service to talk about it freely and openly and joyfully and it totally turns people off all the time and close friends absolutely but taking a stand and doing it anyway I have to be a little careful because it can be braggy but again like if I lost 100 pounds and I was telling you about losing 100 pounds people would be happy for you this is the same kind of thing like it's something that really is an achievement that helps me be healthy and happy.
5:38Yes. And why shouldn't I talk about it? And the fact that you're uncomfortable with it doesn't mean I shouldn't talk about it. Right.
5:53Thank you so much for listening to today's episode of The Daily Motivation. And I hope you have an amazing rest of your day. If you enjoyed this episode, make sure to click the link in the description. That will take you to the full episode of our main podcast on the School of Greatness. And if you are loving the daily motivation, please follow us over on Apple Podcasts and Spotify and leave us a review over on Apple Podcasts right now. And if you want more exclusive content and ad-free listening experience, make sure to subscribe to our Greatness Plus channel on Apple Podcasts right now. And if you want to get even more inspiration from our world-class guests and learn how to improve your life and take it to the next level, then make sure to sign up for the Greatness newsletter and get it delivered right to your inbox over at greatness.com slash newsletter.
6:43Again, have an amazing day, and I'll see you tomorrow with another episode of the Daily Motivation Show.
From the publisher
Jen Sincero reflects on her 10-year journey, sharing profound lessons in personal, physical, and financial aspects. She emphasizes the importance of not letting others' opinions define self-worth and the challenge of navigating both criticism and praise. Financially, she discovers the joy of generosity but acknowledges a lingering frugality with personal indulgences. The interview touches on the significance of openly discussing money to break societal discomfort and the power of maintaining an abundance mindset.
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