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ChooseFI | Financial Independence Podcast

Mindfulness And FI | Cory Muscara

ChooseFI | Financial Independence Podcast

Jonathan Mendonsa & Brad Barrett | Choose FI Media, Inc

Investing, Business, Careers

4.85.2K Ratings

🗓️ 5 February 2018

⏱️ 71 minutes

🧾️ Download transcript

Summary

Six months in a Burmese monastery stripped away everything Corey Mascara thought he knew about happiness—and accidentally made him financially independent. Corey, now a mindfulness teacher at the University of Pennsylvania, didn't enter that monastic retreat seeking enlightenment about money. He started meditating to impress someone. But the insights he gained about contentment, attachment, and what actually matters turned out to be the most powerful wealth-building tool he never expected. Brad and Jonathan sit down with Corey to explore how his extreme experiment in simplicity rewired his relationship with possessions, work, and the pursuit of financial independence. The conversation covers practical meditation techniques that take less time than brewing coffee, the cognitive trap of hedonic adaptation, and why your ability to be content with less might be the ultimate form of leverage. Key Topics Introduction to Mindfulness [00:00:40] Importance of mindfulness in personal finance and well-being Integration of mindfulness practices in corporate and military settings Corey Mascara's Background [00:03:44] How Corey began his mindfulness journey to impress someone, leading to profound insights The Journey to Mindfulness [00:06:11] Transition from Type A personality to mindfulness advocate Experience with meditation and its unexpected benefits The Experience in Burma [00:10:56] Six-month monastic retreat and challenges faced Lessons about attachment, pain, and suffering Returning to a 'Normal' Life [00:22:27] Adjustments made after returning from the retreat Shift in perspective toward financial independence and simplicity How Mindfulness Ties to Financial Independence [00:30:41] How mindfulness helps in making fulfilling financial decisions Achieving contentment and happiness independent of material possessions Practical Meditation Tips [00:46:01] Starting with small daily practices Importance of establishing a habit Key Takeaways Mindfulness enhances your relationship with money and material possessions Start small: commit to just one minute of meditation daily to build the habit Reflect on what truly brings happiness in life beyond material wealth Use mindfulness to evaluate life choices and cultivate gratitude Practical Tips For Beginners: Start with one minute of mindful breathing or focused meditation [00:50:06] Daily Practice: Gradually increase meditation time to at least eight minutes for cognitive benefits Evaluate Life: Assess your relationship with money and what brings fulfillment Notable Quotes "True contentment comes from within; everything else is just gravy." [00:28:35] "Between stimulus and response, there's a space; in that space is our power to choose our response." [00:40:28] "Establish a meditation habit before attempting longer sessions." [00:46:22] "You can always find one minute for meditation." [00:50:23] "Gratitude transforms your perspective and empowers your mindset." [00:57:17] Resources Follow Corey Mascara on Instagram and Facebook for daily mindfulness tips Mr. Money Mustache blog [00:24:47]

Transcript

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0:00.0

You're listening to Choose Appi Radio.

0:09.6

The blueprint for financial independence lives here.

0:20.4

If you're looking to unblock the secrets to financial independence and derby retirement,

0:25.4

you're in the right place.

0:27.3

Stay tuned and join a community of like-minded people who are getting off the answer.

0:32.2

And taking control of their lives in the pursuit of financial independence.

0:36.3

Choose FI, your home for financial independence online.

0:41.4

Hey guys, welcome to the Choose Appi Radio Podcast.

0:47.8

Today we're going to be talking about mindfulness.

0:50.3

Brad and I have been aware for a while now, at least the last six to 12 months and we've

0:54.4

even tried to touch on it on the show that financial independence is about so much more

0:58.6

than money.

0:59.9

We're seeing this theme really around the world.

1:02.5

Major tech corporations like Google, Facebook, other Silicon tech giants all have latched

1:07.6

onto this concept and are trying to get their employees to start incorporating it into

1:11.8

their daily practice.

1:13.5

Even the military, Navy SEALs are incorporating some form of mindfulness practice into their

1:18.4

daily routines.

1:19.9

And it goes to the fact that you don't know what you don't know until you do and there

1:23.1

might be something here that's worth exploring.

1:26.0

And we thought to help us with this, we would bring on someone inside the FI community,

1:30.5

someone that has a very unique FI story to tell, but then can adapt that with his own

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