The Foolproof Path to Wealth Isn’t What You Think with Jonathan DeYoe

In real estate investing, lack of financial literacy is deadly. Investors who don’t have a fundamental understanding of basic financial concepts like risk tolerance and return expectations are destined to make costly mistakes... or worse, to go bankrupt! 

But it's not all doom and gloom — financial literacy is something that can be learned. 

In this episode, our guest Jonathan DeYoe, financial advisor and best-selling author of “Mindful Money”, tells us what mindfulness is all about and how to develop a better relationship with money and your investments. 

Enjoy listening! 

What we learned from Jonathan DeYoe in this episode:

- Mindful Money: bridging the gap between investing and mindfulness.

- The benefits of a diverse portfolio.

- Why are we not taught how to manage our finances in school?

- How to resist the temptation of handsome short-term returns.

- The importance of getting financial education and maximizing free resources.

Success Quotes:

"You have to be mindful of aligning your financial life with the rest of your life.” -Jonathan DeYoe

“In real estate, you see less panic than you do on stock market.” -Jonathan DeYoe

Timestamp:

00:00 - Intro

01:22 - Jonathan shares his back story and his journey of starting his own company. 

04:21 - Jonathan talks about the link between investing and mindfulness.

09:12 - In light of the plummeting real estate market in Canada, what to do now?

12:41 - How speculation can affect your investment journey in major ways.

17:40 - As investors, why do we fall prey to the lure of handsome short-term returns?

24:45 - Jonathan shares the tips and tricks on how to master mindfulness — to be able to hack your mind and do the right thing in difficult situations. 

28:30 - Jonathan shares his last piece of advice. 

31:33 - Ways to connect with Jonathan.

32:23 - Outro 

Connect with Jonathan DeYoe here: 

Website: https://mindful.money/ 

LinkedIn: https://www.linkedin.com/in/jonathandeyoe/ 

Connect with Us:

Facebook Page: https://www.facebook.com/restateinvestorsclub/ 

Email: reic@clubimmobilier.ca 

Axel Monsaingeon’s LinkedIn: https://www.linkedin.com/in/axel-monsaingeon-42577b28/ 

Axel Monsaingeon’s Instagram:  https://www.instagram.com/monsaxel/ 

Terrie Schauer’s LinkedIn: https://www.linkedin.com/in/terrieschauer/ 

Terrie Schauer’s Instagram: https://www.instagram.com/terrieschauer/ 

 

Ready to generate income without spending most of your waking hours trapped in the hamster wheel? 

You can grab Terrie’s book “Mindful Landlord” at https://mindfullandlord.com/