368: Lynne Twist’s “Want Less, Obtain More” Philosophy All FI-Chasers Should Follow
BiggerPockets Money Podcast
BiggerPockets
4.6 • 2.9K Ratings
🗓️ 2 January 2023
⏱️ 63 minutes
🧾️ Download transcript
Summary
Lynne Twist’s The Soul of Money sparked a conversation we needed to have. It didn’t make people think “how do I make more money,” instead it asked, “what world am I making with the money I have?” For decades, Lynne has beenfundraising for charities and causes around the globe. From ending world hunger to fighting for the climate, she’s made sure that her dollars are best put to use, helping the most people she can with the money she makes.
Lynne’s rock-solid financial sense came from an unusual background. Her mother was raised well-off, but her family’s wealth came crashing down when they were forced to flee the home abroad they had made for themselves. Then, when Lynne’s father died, her mother became increasingly frugal, but for a good reason. Lynne’s mother wanted to use her money to give, not get, making every cent count in the budget. Later in life, Lynne and her husband lost a massive portion of their wealth, forcing her to ask the question—why pursue riches in the first place?
On today’s show, we have a lively discussion on the toxic money culture that has enveloped American society, why financial independence is worth pursuing, and what those with much can do to help those with so little. Lynne’s take on wealth-building opens up a refreshing debate among early retirees and forces you to ask “why” instead of “how” when it comes to making money. Tune in, and be sure to check out Lynne’s new book, Living a Committed Life!
In This Episode We Cover
The “soul” of money and the scarcity belief that is causing society’s financial anxiety
When is “enough” and how making less but giving more makes you richer
The importance of self-sufficiency and why chasing financial freedom is always a worthwhile goal
Learning to forgive yourself for money mistakes and why losing wealth isn’t always a bad thing
Fighting world hunger and how Lynne is using her voice to tackle huge global issues
Lynne’s brand new book, Living a Committed Life!
And So Much More!
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Transcript
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| 0:00.0 | Welcome to the Bigger Packets Money Podcast where we interview Lynn Twist, author of the |
| 0:05.4 | Soul of Money, living a committed life and talk about finding freedom and fulfillment |
| 0:11.0 | in a purpose larger than yourself. |
| 0:12.8 | We're sort of like prey for the money-runging system that we're in. |
| 0:17.9 | And money's in, and money's wonderful. |
| 0:19.8 | I'm not against money, I love it. |
| 0:21.5 | And the culture is just harsh, unforgiving, confusing, and misleading. |
| 0:30.5 | And I'm all about transforming that or at least strengthening people's resolve so they're |
| 0:34.4 | not caught in that all the time. |
| 0:36.4 | Hello, hello, hello, hello, my name is Mindy Jensen and with me as always is my enlightened |
| 0:40.6 | co-host, Scott Trent. |
| 0:42.0 | I don't know about enlightened, but I'm definitely beaming after this episode, Mindy. |
| 0:46.2 | Lynn is fantastic. |
| 0:48.4 | Lynn is an absolute delight and you are going to love this episode. |
| 0:53.8 | Scott and I are here to make financial independence less scary, less just for somebody else. |
| 0:58.8 | To introduce you to every money story, because we truly believe financial freedom is attainable |
| 1:02.8 | for everyone, no matter when or where you're starting. |
| 1:05.5 | That's right, whether you want to retire early and travel the world, go on to make big |
| 1:08.4 | time investments in assets like real estate or peer into the soul of money. |
| 1:12.6 | We will help you reach your financial goals and get money out of the way so you can launch |
| 1:15.4 | yourself towards those dreams. |
| 1:17.3 | Scott, I am so excited to talk to Lynn Twist today. |
... |
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