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The Yoga Of Money Workshop - October 24~26, 2008

Posted on Oct 7th, 2008 by Brent : Financial Soul Searcher Brent
See this link for more information :
http://www.yogaphoria.com/pdf/Brent.Kessel.revised.pdf
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We’re All One

Posted on Jul 8th, 2008 by Brent : Financial Soul Searcher Brent

Have you gotten your IRS “economic stimulus payment” yet? Depending on whether you’re married or not, have qualifying children or not and how much money you make, you may have gotten anywhere from $300 - $1,200.  

I recently saw this email, meant to show us that in all likelihood, our use of the rebate won’t actually benefit the U.S. economy:  

“If we spend that money at Wal-Mart, the money will go to China.

If we spend it on gasoline it will go to the Arabs.

If we purchase a computer it will go to India.

If we purchase fruit and vegetables it will go to Mexico, Honduras, and Guatemala.

If we purchase a good car it will go to Japan.

If we purchase useless crap it will go to Taiwan and none of it will help the American economy."

 

Personally, I don’t feel that much more affinity for a tobacco-chewing auto assembly worker in Georgetown, Kentucky than a gum-chewing semiconductor assembly worker in Mumbai, India. We’re all one, as the loose definition of yoga tells us. Indeed, in my discussions with

spiritual teachers like the Dalai Lama, Ram Dass, Rabbi Harold Kushner, and Thich Nhat Hanh for my book, all of them said that interconnectedness among all beings is at the root of all the world’s spiritual traditions. So why not use our money to benefit those beings?  

But perhaps consumption isn’t the best way to help. Personally, I’m much more interested in benefiting victims of the earthquake in China and refugees in Darfur than the owners of consumer electronics companies. So use your rebate to help others, if you can afford to spend it at all, and I predict you’ll get much longer-lasting good vibes from it.  

On a side note, I’m planning to start a series of conference calls and webinars. A maximum of ten people will be on each call for two hours, and the cost will be $99. Each person will get approximately ten minutes of dedicated focus on their question(s), after a ten minute introduction by me. Please email us at info@brentkessel.com if you’re interested in

participating. Please subscribe to this blog to stay informed about future workshops and media appearances, and to reflect on your inner relationship to money in the weeks to come.  

Brent Kessel is the author of It’s Not About the Money (HarperOne, April 2008) and the co-founder of Abacus, a nationwide financial planning firm with a focus on sustainable investing.

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Podcast Link

Posted on Jul 7th, 2008 by Brent : Financial Soul Searcher Brent
I recently spoke with Change Nation and invite you to listen to the podcast today. Click here to listen.

About this link  :

The terms "spiritual" and "finance" don't usually go together, but financial planner Brent Kessel thinks you can't have one without the other. Brent leads "Yoga of Money" workshops that combine financial responsibility with personal growth. On this edition of Change Nation, learn how to grow your wealth and nurture your soul at the same time.

Link :
http://www.first30days.com/having-more-money/multimedia/change-nation-brent-kessel-070408.html
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Upcoming Workshop Announcement

Posted on Jun 4th, 2008 by Brent : Financial Soul Searcher Brent

Upcoming Workshop : Yoga Works, Santa Monica
(Click here to download the Workshop Flyer)
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One World Is Enough for All of Us

Posted on May 6th, 2008 by Brent : Financial Soul Searcher Brent
This is in Response to the Questions and Reflections for May 06, 2008:

I recently co-hosted a charity fundraiser for Unitus, an international nonprofit organization dedicated to advancing innovative, market-based solutions to global poverty. The Police have named Unitus the official charity of their 2008 Tour, and have donated front-row seats and backstage passes to many concerts, which Unitus is auctioning off to raise money for their efforts. The event was held at a stunning home in the hills above Los Angeles. A few doors away, Arnold Schwarzenegger and Maria Shriver’s house had posters for both presidential hopefuls, McCain and Obama, decorating their fence. After snacking on decadent puff pastries filled with mushrooms & brie, sipping fine Italian wines, and talking about how best to help the three billion people in the world who live on less than $2 a day, we all went outside for the auction, which took place on a sprawling lawn next to an infinity pool and white-cushioned pavilion.

People in attendance all snapped up the front-row seats and backstage passes to the three concerts this event was auctioning off for thousands of dollars each. Then, it came time for the grand package, which included four front-row seats to the Police’s upcoming concert in Las Vegas, two rooms at the luxurious Wynn Hotel, backstage, sound-check, and VIP tent passes, and signed band memorabilia. When the bidding seemed to stall at around $12,000, one of the attendees spoke up. “I’ll throw in round-trip transportation on my private jet from LA to Vegas.” Immediately the bidding accelerated. When it stalled again at around $15,000, another attendee said “I’ll buy dinner, for the winning group of four, at the fanciest restaurant in town.”

In the end, that package alone raised $17,000, and we raised around $40,000 total that evening. Given the way Unitus is able to leverage their donations to make loans to the world’s poorest, we calculated that this hour of competitive bidding would help 40,000 people become more self-sufficient.

What interested me most, however, was the juxtaposition of the immense wealth and splendor which surrounded us, and the abject poverty of those we were there to help. Specifically, the different money archetypes which I write about in my book, It’s Not About the Money, all had different things to say about and contribute to the affair.

The Caretaker in me was thrilled that we were there to help those less fortunate by using our money generously and compassionately, while the Saver and Empire Builder were pleased that there are people with enough abundance that they could in fact help those in need without jeopardizing their own financial security. The Pleasure Seeker enjoyed the magnificent food, views, warm Spring-time breeze and elegant attire which all were pleasant on my senses, while the Idealist bristled at the thought that if only we were willing to live on less, there could be so much more to help those hungry and suffering beings. The Innocent, however, felt a great deal of optimism that with brilliant minds like those employed by Unitus, the Gates Foundation, and Omidyar Network all working on the issue of global poverty, we are sure to solve it in the next ten years. The Star in me really enjoyed standing on the stage and helping the auction along by reminding all the bidders just how much of an impact their generosity could make in others’ lives. But the Guardian had a pang of worry and anxiety as I wrote out our check for $2,500 that I hadn’t really looked at our overall financial situation in a while to see how our spending and giving was doing relative to income.

It was also interesting to see how different bidders were motivated. There was the ex-hippy in the back row who threw out a $4,300 bid for some front-row seats not because he had any interest in seeing the Police, but because he felt that $4,000 was too low a price for four tickets. There were the three wealthy, well-dressed business owners (Stars & Empire Builders) who were enjoying the attention they got as they bid each other up in $500 increments for the grand package. And there were the Innocents, Stars and Pleasure Seekers in the crowd who enjoyed being at the event, but due to their avoidance of money, or their spending in excess of income, just didn’t have enough to be able to bid.

If you’d like to explore your relationship to money more fully, please sign up for my Friday evening/Saturday afternoon workshop at Yoga Works in Santa Monica, June 6-7, or my workshop at Yogaphoria in New Hope, PA, October 24-26, or any of my upcoming events. Please subscribe to my blog to stay informed about future workshops and media appearances, and to reflect on your inner relationship to money in the weeks to come.

Brent Kessel is the author of It’s Not About the Money (HarperOne, April 2008) and the co-founder of Abacus, a nationwide financial planning firm with a focus on sustainable investing.

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Death & Taxes

Posted on Apr 18th, 2008 by Brent : Financial Soul Searcher Brent
This is in Response to the Questions and Reflections for April 18, 2008:

I think we all feel a little bullied when it comes to paying taxes. 

Yesterday was April 15th, the most dreaded financial day of the year. Paying taxes is one of the only times we’re truly forced to give away money. The various financial archetypes in us always have a difficult time with taxes, although for differing reasons. I don’t know about you, but I could have used my tax money to accomplish any one of the following:  

  • Provide food, shelter, and an education to 100,000 kids in sub-Saharan Africa, which would thrill the Caretaker and Idealist in me
  • Build an addition onto our house so our sons could sleep in separate bedrooms, we could entertain in the style of the Star, and my wife and I could have a closet that’s larger than 50 sq. feet to house our clothes
  • Buy the fully electric Tesla car, which can accelerate from 0-60 faster than a Ferrari (the Pleasure Seeker in me LOVES driving cars which handle well)
  • Add it to my investment portfolio, so that it would be worth about $2,000,000 by the time I’m 65 years old, making the Saver jump for joy
 

But instead, about half of my tax dollars will be used to pay for death and destruction in the Middle East. Add to this very real and morbid fact the financial markets have been declining very sharply. For example, the Bloomberg World Real Estate Index was down 16.4% in the first quarter, and DataQuick Information Services says that the median price of a home in Southern California dropped 24% in March alone! Many people are losing their homes and some, their jobs.  

These realities raise the general anxiety level dramatically, even for those who aren’t immediately threatened. Unfortunately, what we tend to do when our fear and anxiety are heightened is run to our tried-and-true money habits. Pleasure Seekers spend more on retail therapy, Savers save more, and Empire Builders put in more time at the office. Innocents avoid looking at money even more than usual, and Idealists rededicate themselves to their art, cause, or spiritual life. In short, we go unconscious in order to avoid feeling the pain.

 

Instead, what we need to do most of all as we circle the drain is to bring our conscious awareness to that which is most unconscious within us. Doing this causes us to temper our habitual behaviors by cultivating the healthy habits of the money types which are most dormant in us. To find out how to create more balance in your finances, take my 3 minute money type quiz. After you get your results, you can click on Learn More to get a customized exercise to create more balance and fulfillment in your life.  

If you’re dying to explore your relationship to money, death and taxes more fully, please sign up for my Friday evening/Saturday afternoon workshop at Yoga Works in Santa Monica, June 6-7th, or my workshop at Yogaphoria in New Hope, PA, October 24-26th 

Brent Kessel is the author of It’s Not About the Money (HarperOne, April 2008) and the co-founder of Abacus, a nationwide financial planning firm with a focus on sustainable investing.

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What in life are you most faithful to?

Posted on Apr 9th, 2008 by Brent : Financial Soul Searcher Brent
This is in Response to the Questions and Reflections for April 09, 2008:

I would have to say my family;  and to my marriage.

My wife and I will celebrate our ten year wedding anniversary this July. We both came from families torn apart by divorce, and so we took every precaution before getting married ourselves - neither of us married our first loves, we lived together for five years before deciding to get married, and we went through a decent amount of therapy first (although not by left coast standards).  


So when we did finally decide to marry (at the ripe old ages of 28 and 30), we had a grand 160 person affair up in the mountains above Malibu, filled with rituals from Buddhism, Hinduism, Judaism, and Humanism. (I didn't know there were that many -ism's).  We had always dreamed of a long honeymoon to Italy and the Seychelles (islands which are roughly halfway between Kenya and India in the Indian Ocean), but due to a family reunion, we weren't going to be able to do it right after the wedding. So we flew down to Cabo San Lucas for a few nights right after the wedding, and then went on our dream honeymoon a couple months later.  


Now we find ourselves ten years older, richer, and sleepier, and are trying to decide where to celebrate. Italy calls out to us with promises of incredible truffle risotto, beautiful frescoes, lazy walks across the Tuscan countryside, gelato, and cappuccino and wine at a café in St. Mark's Square in Venice, of course accompanying our competitive game of backgammon. But Italy also calls out to us with a Euro which is now worth about 70% more than the almighty dollar. I did some quick mental math, and it seems that we'd be spending about $8,000 for a week there, and I'm talking about coach seats on the plane, and standard rooms in relatively nice, but not luxury hotels.  


So we had a talk a couple days ago. In the old days, I would have approached one of these talks thinking "Okay, if I was a real man, I wouldn't even need to talk about it. I'd have bought the tickets, have unlimited funds, a desire to sweep my woman off her feet, and we'd be on our way to Firenza with a valuable diamond sitting snugly in my pocket." I would have dreaded going into this conversation, expecting her to feel undervalued and unappreciated.  


So instead of fearfully expressing my position, I asked her "What are you thinking about Italy?" Now, to be fair, this might be because my Pleasure Seeker has really flourished in the last few years. I'm more often the one suggesting the weekend getaway, the $300 date night, or that she buy the beautiful new clothes she's trying on. So in asking the question in 2008 instead of 1998, I'm not nearly as attached to her giving the "right" answer. Back in ‘98, the Saver in me would have only accepted her saying "Let's save our money and go camping." 


Her answer in 2008 was that she wasn't feeling drawn to Italy at that price. She wanted to save the money, or use it to build an outdoor kitchen at the house, not flambé it with Chianti into Fettuccini a la Porcini.  We've thought about going back to one of our favorite little inns up North on the California Coast (probably $1,500 for four days), or to an exotic beachfront resort in Mexico ($2,500 for four days) as a perfectly wonderful ‘budget' alternative.  


It used to be that our money personalitiesheld daggers to each other's throats ten years ago. "What are you thinking in even suggesting we could spend $8,000 on a week's vacation - do you think I can just make money automatically?!?!" But with all these years under the bridge, years in which she's played the Guardian and I've played the Star;  she the Empire Builder and me the Caretaker, and vice-versa, we're a lot less emotionally wedded to any financial point-of-view. Now that's an anniversary I feel truly invested in celebrating.


I am the author of It's Not About the Money(HarperOne, April 2008) and the co-founder of Abacus, a nationwide financial planning firm with a focus on sustainable investing. Check out where we can meet  in person.

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