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My guest for Episode #132 of the My Favorite Mistake podcast is Manisha Thakor, a 25-year veteran of the financial services industry. She has seen firsthand the downfalls of being trapped in what she calls “the cult of money.” She is a Chartered Financial Analyst and a Certified Financial Planner.
From a failed marriage to nearly working herself to death – twice, Manisha has learned the hard way how expensive this pursuit of money really is. Using a unique approach she calls “MoneyZen”, Manisha found her way back to financial and personal wellbeing. Today, she uses this framework to help others do the same.
Manisha is the author of books including On My Own Two Feet and Get Financially Naked: How to Talk Money With Your Honey.
In today's episode, Manisha shares her “favorite mistake” story about realizing she had saved up far more than she needed for retirement — at the cost of her own well-being, health, and satisfaction. Why did she confuse wealth for “well-th”?
We talk about that story and other topics including:
- Retired once she realized she had WAY too much saved
- From donations to direct participation in meaningful non-profits?
- Tell us what you mean by the phrase “a cult of money” and why people get caught up in that?
- Well-th isn’t as easily measured?
- Ten Percent Happier podcast
- What led to you “nearly working yourself to death”?
- The cult of “never enough”
- The most common money mistakes that couples make?
- What is “MoneyZen”?
- How do you work with individuals? With organizations (wellness centers, corporations)
- The quiz on her website that she mentioned
Find Manisha on Social Media:
Scroll down to find:
- Video
- Quotes
- How to subscribe
- Full transcript
Watch the Episode:
Quotes:
!["I just started bawling, like gut wrenching bawling, because I realized I had spent my whole life accumulating wealth. I had more than enough to go do whatever I wanted to do in life. But I had no wealth, W E L L T H."](https://www.markgraban.com/wp-content/uploads/2022/01/Manisha-Thakor-My-Favorite-Mistake-1-1024x1024.jpg)
!["The root issue was an over identification of self worth and net worth, literally conflating my value as a human, with the size of my bank account."](https://www.markgraban.com/wp-content/uploads/2022/01/Manisha-Thakor-My-Favorite-Mistake-2-1-1024x1024.jpg)
!["We have much easier access to credit that now comes to us with increasingly more complex, fine print. So, essentially we've been given a 'financial uzi' with no instructions and we can shoot ourselves in the foot. "](https://www.markgraban.com/wp-content/uploads/2022/01/Manisha-Thakor-My-Favorite-Mistake-3-1024x1024.jpg)
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