Emotional harmony is of the utmost importance when it comes to money and suggests that instead of trying to control our emotions, we should strive to be in harmony with them. Phillip uses examples such as dating, home purchases, and investing to illustrate how finding balance between our thoughts and emotions can lead to financial success. He encourages listeners to be optimistic about the future and to appreciate what they have while still striving for more.
| **Timestamp** | **Summary** | | ------------- | ----------- | | 0:00:01 | Introduction to the podcast and topic of getting control of finances | | 0:02:07 | Importance of emotional intelligence in managing finances | | 0:03:27 | The concept of harmonizing thoughts and emotions for financial success | | 0:06:31 | Using the example of Naruto to illustrate harmonizing emotions | | 0:08:44 | Applying the concept of harmony to dating and home purchases | | 0:10:59 | Balancing desires and financial limitations in dating and home purchases | | 0:12:40 | Dealing with pressure from family and maintaining optimism about the future | | 0:18:09 | Investing and maintaining optimism about the future | | 0:19:41 | Balancing optimism and pessimism in investing | | 0:23:24 | The role of emotions in shaping mindset and expressing life |
"Train your mind to be in harmony with your feelings." "At this stage of life, especially with the internet, we know everything we need to know about making good decisions with our money." "Have them (thoughts and emotions) harmonized together to create the financial outcome that we want." "You can have just as much fun doing a free date or a picnic as you can getting picked up in a limousine and going to the most expensive restaurant." "You can have the person with all the qualities that you want without having to spend all your money that you plan to invest and do things with to get them." "The home is where the heart is." "The world always gets better." "There is no ‘man’ holding you down."
"Emotions are the hands in the clay that shape the mind."
"Don't give power to someone outside yourself."
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Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.
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