56- How to Be Mindful About Your Money
InvestED: The Rule #1 Investing Podcast
Phil Town & Danielle Town
4.6 • 1.6K Ratings
🗓️ 3 May 2016
⏱️ 32 minutes
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| 0:00.0 | Hey everybody this is Phil town this is Phil town this is Danielle town and |
| 0:08.2 | welcome to invested podcast we're here to talk about money and |
| 0:12.3 | investing on this mindfulness around our we're here to talk about money and investing. |
| 0:13.0 | Mindfulness, mindfulness around our money. |
| 0:15.4 | Yeah, and getting involved. |
| 0:16.4 | How to be invested in your money and your life. |
| 0:20.0 | Yep, we're making the basic case here that by giving over the power over your money, the control over your money, the decision-making over your money, you are being a hypocrite because you're letting somebody else vote your money for their values, not your values. |
| 0:36.0 | You are... |
| 0:37.0 | A little extreme. I think what you're saying is that you're abdicating responsibility. |
| 0:45.0 | I mean, you could find somebody else who supposedly |
| 0:47.4 | votes for your values with the money, right? |
| 0:50.2 | Well, come on. |
| 0:51.3 | If you have a mutual fund or an index fund, which all of you have, then you own Coca-Cola. |
| 0:58.0 | And I bet a big percentage of you think drinking coaks is a bad idea and you wouldn't teach it to your kids. |
| 1:03.2 | Which means you own the company you're telling your kids not to use the products of. |
| 1:08.8 | That's being a hypocrite. |
| 1:10.7 | Special occasions. |
| 1:15.0 | There's no, it's, right? It's a value system. |
| 1:16.0 | Okay, well, I'm, I'm fighting, it's like an addict who has to come back for a quick, you know, |
| 1:21.6 | shot every once in a while. I have been working on breaking this Coca-Cola |
| 1:26.8 | habit for 40 years. It's brutal. My grandmother, my mother worked in a dairy queen and she, unbelievably, |
| 1:39.1 | would just bring home coaks and dilly bars by the ton. |
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