The Dharma of Money | Spencer Sherman
10% Happier with Dan Harris
10% Media, LLC
4.6 • 12.9K Ratings
🗓️ 11 January 2023
⏱️ 75 minutes
🧾️ Download transcript
Summary
When we think about Buddhism or the dharma, we probably don't think about money.
But when the Buddha laid out guidelines about how to make an ethical livelihood, this didn't preclude material success. This episode is part two of this week's series on money, and dives into how we can bring Buddhist principles to an area of our lives that can create so much fear, greed, and dread.
Spencer Sherman is the founding CEO of Abacus, a values-driven financial firm, and certified mindfulness teacher. He teaches the Fearless Finance program and The Mastery of Money program for NYU's Inner MBA program. He is also the author of The Cure For Money Madness.
In this episode we talk about:
- How to identify and reframe our potentially harmful beliefs about money
- How to apply the Four Brahma Viharas to having a healthier relationship with our finances
- How to use the RAIN technique when we become anxious about money
- Spencer's 'Enough Practice' designed to give us a sense of equanimity
- How generosity helps us let go and can create a sense of abundance
- How mindfulness of money can key us into interconnection
- And whether you can actually be a successful investor if you're guided by Buddhist values
Full Shownotes: https://www.tenpercent.com/podcast-episode/spencer-sherman-544
Transcript
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| 0:00.0 | This is the 10% happier podcast. |
| 0:06.2 | I'm Dan Harris. |
| 0:09.2 | Hello party people. |
| 0:12.8 | For most of us, when we hear the words Buddhism or the Dharma, we probably don't think about |
| 0:17.9 | cash money. |
| 0:19.6 | We might picture robed monks and think about asceticism and renunciation, but the Buddha |
| 0:25.4 | talked quite a bit in fact about money. |
| 0:28.4 | We know we weren't all going to become monks and he laid out lots of guidelines about |
| 0:32.6 | how to earn an ethical living. |
| 0:34.8 | And importantly, this did not preclude material success. |
| 0:38.1 | Some of his followers were actually wealthy merchants. |
| 0:41.0 | So how do we bring Buddhist principles to an area that can create so much fear, dread, |
| 0:46.6 | greed, anger, envy and general awkwardness? |
| 0:51.0 | My guest today has a lot of thoughts about this. |
| 0:53.0 | He says it is very possible to train ourselves to be more Aquanimous in the face of |
| 0:58.1 | financial ups and downs and that this will lead us to make better decisions. |
| 1:02.2 | Visa V are money. |
| 1:04.2 | One of his central contentions is that our anxiety and stress about money has more to |
| 1:08.8 | do with our thoughts about money than our actual finances themselves. |
| 1:14.4 | Spencer Sherman is the founding CEO of Abakis, a values driven financial firm. |
| 1:18.6 | He's also a certified mindfulness teacher. |
| 1:21.3 | He teaches the fearless finance program and the mastery of money program for NYU's inner |
... |
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