The definition of mindful is to be conscious or aware. Mindful Money Management means being aware of the way our decisions about money affect ourselves, our families and the greater community.
We can be mindful in the way we spend, invest and donate.
Some people believe that profit comes at the expense of values, but I’m here to tell you, we can have them both. Profit and values must go together. You cast a vote every time you spend, invest and donate.
When we spend our money we can be mindful of the values of the companies we purchase from. When we support ethical companies we cast a vote for our values and we can feel good about our purchases. We want ethical companies that reflect our values to be successful.
You cast a vote for values when you spend your money buying products from ethical companies.
Next, we can be mindful of the companies we support when we invest. Of course, all investors seek to invest in companies that make money. Socially responsible investors look for companies that will make money and promote values.
- Respect and dignity for all people
- A world at peace and free from violence
- Environmental stewardship
- Community health
You cast a vote for values when you invest to make profit with values.
When we donate we can be mindful of the causes we support. When we give to a cause with which we feel a true emotional connection giving is easy and it feels good. A meaningful gift flows from the giver and touches both the giver and the receiver.
We can even be mindful when we leave our money behind. A legacy is something that is handed down. If we are mindful about our legacy, we create a legacy that reflects our values. If you want your family to know you valued them you need to plan for a smooth transfer of assets. Sometimes a gift to charity is the action that is a true reflection of values and communicates those values to your family.
You cast a vote for values when you give your money to causes you feel passionate about.
Imagine what it would be like if you could make a far bigger impact than you ever imagined. Mindful Money Management makes that happen when you spend, invest and donate to create a better world.
Mindful Money Management on Stepright with Lynn
About the Author: Lynn Whetham is a Certified Financial Planner and Managing Partner at Stepright Capital Planning Inc in St. George, Ontario. Lynn believes in community involvement and enjoys sharing others' inspiring stories through her podcast Stepright with Lynn. The podcast is dedicated to empowering socially conscious individuals to manage their financial resources for the benefit of themselves, their families, and the greater community.
Contact Lynn with any questions you may have.
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