Making Peace With Money with Chioma Njoku
Yogaland Podcast
Andrea Ferretti
4.8 • 1.5K Ratings
🗓️ 1 February 2022
⏱️ 48 minutes
🧾️ Download transcript
Summary
I've waited years to bring someone on the podcast to talk money because I wanted to find someone who was knowledgeable about finances and also deeply connected to the practice of yoga. I found her in this week's guest, financial coach and accountant, Chioma Njoku.
Here are a few of the things we cover:
* Why Chioma feels many yoga teachers are uncomfortable with money
* The mindset issue that keeps many in the yoga community from making good financial choices
* Her own personal struggles with money (even though she is a professional accountant!) and how her yoga practice helped her be more responsible with her money
* Practical money advice for yoga teachers—such as what to consider when you price yoga classes, finding a bookkeeper and financial coach, and more!
Show notes: http://www.jasonyoga.com/podcast/episode253
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Transcript
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| 0:00.0 | Hey everyone, I'm Andrea Ferretti, and this is episode 253 of Yoga Land. |
| 0:09.2 | Today my guest is Chiama and Jaku. Chiama is a certified public accountant. She is known on |
| 0:16.6 | Instagram as Mindfully Chiama, and that's spelled C-H-I-O-M-A. And when I first found her, |
| 0:25.4 | came across her on Instagram, I just lurked and followed her silently for a while, trying to |
| 0:31.5 | figure out who she was. Her Instagram handle really intrigued me, and her website is also the |
| 0:37.2 | MindfulBookkeeper.com. So I felt like, hmm, I bet she has the background and the qualities |
| 0:43.3 | that I'm looking forward to talk about finances and money on the show. It's a topic that we all |
| 0:49.2 | have to deal with, and it's a topic that I've thought about talking about on the show for a very |
| 0:53.3 | long time, but I really just wanted to find someone who both blended accounting and finance |
| 0:59.6 | with yoga and mindfulness, and she is that person. So today's show, since I haven't had a show |
| 1:06.9 | about money in, you know, more than five years of having the show, it was hard to fit everything |
| 1:12.3 | all into one show. So this can be a continuing conversation if you all are interested and have more |
| 1:16.8 | questions, but I tried to hit some conceptual points as well as some really practical strategic |
| 1:24.8 | points for the show with my questions for her. And so she very generously shared her own |
| 1:31.4 | background of having financial struggles, even though she had an accounting background, |
| 1:36.8 | and how it really took practicing yoga to come out of that. |
| 1:42.7 | And her story, I think, illustrates really well the two points that so many of us |
| 1:48.3 | vacillate between which are not feeling like we are enough or we make enough money, |
| 1:55.1 | and then we swing back toward feeling guilty for wanting to make money or feeling like we are not |
| 2:03.1 | valuable enough to ask for more money. So lots of concepts here that we talk through that will |
| 2:08.9 | hopefully be helpful to you. And then I also ask her how to price oneself right now in the middle |
| 2:17.7 | of a pandemic, how do we approach that? How do we approach that when so many of you are teaching |
... |
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