A Cornucopia for Your Mental Nourishment

November is the month where we are especially thankful for our bounty, in whatever form it takes. I am grateful for this year’s opportunities for growth, challenge, learning, and listening. In the spirit of the season, I offer you fodder for your nourishment.

Perspective Can Take You Anywhere

We are all in some life transition – either by choice or thrust upon us. It can be hard to appreciate what we know when changes are cascading over us. Put your knowledge in perspective by viewing learning and growth as the contents of three different buckets.

1. I know what I know: I am confident and self-assured in this knowledge.

2. I know something about what I don't know: I know something about a topic and my learning process needs to continue.

3. I don't know what I don't know: I am aware knowledge is obtainable if I remain open and curious.

Please note that buckets 2 and 3 are large (and getting larger by the day for me!). When you accept this notion, it is much easier to ask questions.

Your Money Story Affects You and Yours

Your money story, whether consciously or not, affects the majority of the decisions you make. When discussing life values, financial goals, philanthropic direction, and legacy planning with clients, I unpack their money stories. Your money narrative can be subtle, nuanced, and hidden, especially as we are taught to not talk about money. Open a dialogue to uncover your story and, eventually, the dots start connecting. Sharing your story brings you clarity and peace of mind and allows your professionals to do an even better job for you.

Energize is In, Passion is Semi-In: 

I once gave a TedTalk about The Evolution of a "Passionaholic;" a phrase I coined, meaning a person whose passion engages one so completely that other pursuits pale in comparison. At present, passion seems to equate to a borderline obsession. Now, I am a proponent of “energize” – what or who gives you energy. Stage 2 Planning’s Josh Patrick and I revisit the passion topic. Tune in to the podcast to hear how to find what energizes you and how to keep that interest.

“And, Emily, what energizes you?”

Answer – Acting on my core value that people want to matter, be seen, and be heard. In my both personal and professional lives, I do this by listening, empathizing, comforting, guiding, and/or just showing up. For decades, I have volunteered for humanitarian efforts here and abroad (incl. US/Mexico border, Democratic Republic of Congo, Lesvos/Athens Greece). This month, I return to our border to work with other volunteers helping asylum seekers. I am humbled by those in need, the volunteers, and those who choose to support my efforts. My volunteerism is food for my soul, providing the nourishment of perspective, gratitude, humility, and God's grace.

The reading of Warsan Shire’s poem, HOME, by a member of The Aswat Ensemble (in April at The Othering and Belonging Conference in Oakland) is especially profound to me. PLEASE listen (she starts at the 7:45 mark) and/or read to learn why anyone would ever leave home.

“We can learn to see each other and see ourselves in each other and recognize that human beings are more alike than we are unalike.”  - Maya Angelou

May we all continue to find fulfilling growth and connection. Peace, clarity, and joy to you and yours.

With warmth and gratitude – Emily

Money Mindset: Did You or Did You Not Contribute to His Success?

Photo Credit: Emily Scott

Among the many things that occur for me between the year-end and the year-beginning is the review of what I call my financial recipe.  The ingredients of this recipe include my budget (actual and planned), my philanthropic contributions (actual and planned), the income forecast for the coming year, tax preparation, and an examination of the alignment of my values with my money.  As with any recipe, the ingredients are all mixed up and baked together: the past year with the new year, the personal expenses with the professional expenses, the expected budget with the actual balance sheet, and the intellectual with the emotional.  It is the latter – the realistic versus the irrational – that always catches me by surprise.

Tangent: My Bag Lady Syndrome (I have mentioned this in other blogs), which, by the way, affects nearly 50% of women in the United States (according to a 2014 study by Allianz Insurance), is about as emotional vs. intellectual as you can get. 

Two things happened in the last 12 months that caught me by surprise – me, someone who has been very conscious of the emotional side of money for decades.  The first: my father died in April at 96, and my mother turned 92 in June.  I realized that my genetics coupled with my relatively healthy lifestyle could potentially push my age far longer than I anticipated.

 I went back to my life’s financial plan (not to be confused with my yearly plan) to adjust for my longevity.  The domino effect is obvious to me; my wealth needs to be spread out over more time, which means I have to re-evaluate not just my annual budget but my investment strategy as well.  While this is all fabulously practical, the emotional side of the equation made me gulp as I realized that my funds and my spending must be altered by the 30% increase in my life span.  “Mama needs a new pair shoes,” quickly disappeared from my dialogue.

The second: I heard the echo of my ex-husband’s comments about our financial picture when we were separated and going to marriage counseling; that he would have been just as successful with or without me. (Why the echo now, I’ll explain in just a bit.) I wasn’t surprised by his ownership of the money as it is common for the breadwinner to have this perspective.  I was hurt, and then indignant, by his belief that I did nothing to contribute to his success, especially since he’d always claimed otherwise. 

The debater in me wanted to point to all the ‘evidence’ that proved otherwise.  And I have lots of it; including emails from the very man himself extolling my virtues and help.  Here’s the deal – our marriage ended over 4 years ago, so this is an absolutely moot point. 

The rub, the punch in the gut, of being told I was not a contributing member of the partnership goes to the core of how I viewed my identity for 20 years. His words infiltrated my self-worth. It took serious work on my part to get the missing links back in line.  Included in those absent pieces was reconnecting with what I do well, appreciating and recognizing my own skills and talents. For the most part, the effort was worth it.  My metaphor for the healing process: I went from an amputated arm, to a broken arm, to a broken wrist, to a broken finger, to, at present, a hangnail.  You know, that ‘something’ that just seems to catch on ‘something’ that causes you to say “ouch.”

So why now – why did this echo rebound years later? Over the last year, this sentiment, this fear, this wound has come up for many of my clients during our discussions. I am astounded by the number of divorced (or divorcing) women wading through this question of identity and worth. What did they add to the equation for all those years? That’s what they’re asking themselves, and me. I am not alone in this vortex. 

I discussed this phenomenon with a woman I respect immensely, Joan DiFuria, founding partner, of Money, Meaning, and Choices; on how one moves forward.  The minute she used the word, “reframe,” I sat up and took notice, as this is one of my favorite tools, personally and professionally. 

Reframing: Our thought process often gets in our own way and if we can redirect the thought – reframe – we then have an opportunity to add new information into the equation. 

Joan said, “What are the actions you take to reframe?  You acknowledge that if you don’t get recognized, it doesn’t mean you need to devalue your contribution. Fair is not the objective.”  In other words, you need to come to terms with your needs and your worth, on your own or with professional help. Trust yourself for you deserve it. Joan added, “What we can’t recognize, we can’t change.”

I spend a lot of time with my clients, interviewing them to learn their story, their narrative.  Together, we combine what they think their narrative is with what others think their narrative is. The epiphany occurs when we parse out the conjectures of others within the portrayal of ourselves.  As they say, everyone is entitled to their perspective.  That’s the entitlement – it’s their perspective, not the universal truth.

Interestingly, one of my recent female clients is the breadwinner of the family.  We’ve talked about the balance of financial power, the respect needed on both sides for each partner’s contribution to the family.  It’s not binary, it’s multi-complex.  Cultural and societal norms, familial backgrounds, how we value money, how we assess the power of money, how we define work and partnership, and how we incorporate our own experiences are just part of a long list of questions to explore. These are the ingredients that make up our approach to finances, our personal sense of worth.

The Value of Mindfulness

                                                                                                                                                                            Photo Credit: Emily Scott

The tagline of my business is “Your values, vision, and money,” which makes the first question I ask my clients natural and obvious: “What are your values?”  Ah, you say, what do you mean by values? Values are the fundamental beliefs a person holds, which can serve as a guiding force in one’s life. I’m with the many gurus and philosophers who believe that knowing your values and acting in concert with them is key to happiness and success.

A key piece of the work we do together, my clients and I, is to evaluate whether their values and priorities are reflected in their legacy planning, philanthropy, and spending.  For instance, if they claim to value the environment, are they donating to nonprofits specifically focused on any of the environmental issues such as land use, water, forestry, or global warming? Simply put, is their inner life brought forth in their outer life; that’s the question. This alignment is what we curate and as their thought partner, I strive to help them achieve this objective. Here’s the big take home point:  We create mental conflict for ourselves when our values and our actions are in opposition.

Recently, someone asked the same question of me. It’s all well and good that I spend my days exploring values, but what are mine?

Ten years ago, I wrote out my values list. Curious, I went back to see if my values had remained the same and indeed they had.  I believe that values can change over time as we grow, gain experience, and learn.    That being said, I continue to work on the alignment between my values and my daily life. I think that job is never really done. I thought I might share what I rediscovered on that long-forgotten list.

The first value I wrote is mindfulness.

I chuckle at the memory. When I wrote this list, which I did in conjunction with my husband (now ex), he’d written in that very slot, “Strive for perfection, go for the gusto, be the best you can be.”   

When we compared our lists, this glaring difference seemed to explain a source of conflict. We approached decision making very differently, and because of this, we often butted heads.  At the time, we came to appreciate that, by combining these different values and perspectives, we were capable of making much better decisions. That is, if we were willing to be patient with each other’s approach.  I remember thinking, “Well, that’s mindfulness at work right there!”

Mindfulness also played a role in how I thought (and still think) about spending.  While my ex-husband’s normal response was “We can afford it,” I would say, “Is this how we want to spend our money?” We were fortunate in that our disposable income allowed for luxuries, the kind that far too many couldn’t even consider.  Yet, I grew up with a depression-era mother who instilled in me the value of being mindful about spending.  She helped me understand the tradeoffs and choices, for example, whether to save money for a special occasion or spend my allowance on something that would give me immediate satisfaction.  

How is mindfulness reflected in my daily life now? In some ways, it’s a subtle undercurrent, and in other ways, overt.  The subtle ways I would call part of my personality; I’m in my head a lot and think longer about an issue, a situation, a plan, a friend, a blog than probably anyone should.  It is with conscious mindfulness (the more overt variety) that I keep track of and acknowledge my friends’ important events, for I want them to know their importance to me.

Between subtle and overt is the “in general” course of action. Often, my approach to a problem is to reflect, think of different scenarios, ask others for their perspective, and to gather data.  Mindful, to me, is the opposite of impetuous, reactive.  It’s much more about going in, exploring how an idea sits with me, what it requires of me, and others. Of course, there are times when my gut instinct has the easy and obvious answer.  And, unfortunately, there are still too many instances where my knee jerk reaction is what I act on; rarely is that outcome good.  

My observation – which perhaps you share as well – is that rash action is the antithesis of mindfulness.    Those rash actions, those are the ones that get us into trouble, that derail us, that get us thrown completely off course. One day we wake up, and we don’t know how we got where we are.

The very conscious, or overt, acts of mindfulness are the best parts of me.  Taking this value and acting on it in my daily life has proven, time and time again, to bring me joy.  

I often talk about “coming to the conversation curious,” the idea being that when you approach something with an open mind, the amount of information, understanding, and enlightenment you are rewarded with is off the charts.  When you come to the conversation curious, that’s when you truly connect. I will say that when I practice what I preach, the outcome is full abundance. Still a work in progress, I make it a point—I’m married to the concept--of coming to the conversation mindful, curious; open to the possibilities, the choices. When I betray this value, nothing good comes of it. I find myself dissatisfied.

Perhaps this struggle of merging my inner life with my outer life is why I admire people who have found alignment between the two.  I think of Dr. Denis Mukwege in the Democratic Republic of Congo, a man I call my Ghandi.  His deep value of holding precious the human life has had him working tirelessly for over 20 years, mending thousands of women and girls who’ve been brutally raped and tortured.  His eyes are bloodshot, his body shows signs of fatigue, his heart and soul are scarred by what he has witnessed. He has survived death threats and attacks and he is now unable to come and go as he pleases.  Yet, even with the many sacrifices, he has found deep satisfaction and joy because he has never wavered from his values.

When we think of someone who has his/her act together or seems so grounded, is he/she displaying the alignment of values and behaviors?  Is that what resonates with us? When we think of our heroes, of the people we deeply respect and want to emulate, is part of that the ideal that they “walk their talk?” Is that what we’re after?  For me, I would say yes.  

You don’t get there without carefully considering your values and living by them.

What is Your Legacy?

The Iconic Golden Gate Bridge \ Photo by Emily Scott

We lost many iconic figures in 2016 – the list seems longer than usual.  The fact that I am on the tail-end of middle age and thus aware of more famous people has something to do with my perception.  While many of the deceased crossed generational boundaries, Carrie Fisher’s death – and her mother’s, Debbie Reynolds – seemed to be the two that hit many the hardest.  The tribute to only them on the Golden Globes illustrated the point.

The media quoted many with sentiments of shock and sadness, “I feel so old,” “I can’t believe she was so young,” “She was my age,” “Carrie was my idol for so long,” and “I am brokenhearted.” 

The passing of legendary figures hits us uniquely.  We have our own memories that are coupled with these people.  What we were doing when a song was playing, who we were with when we saw a movie, how an invention changed our lives, and how we conceived of what their lives were like. 

When the person is our age, we are reminded of our own mortality in a very public way.  When Steve Jobs passed away, his sister’s eulogy was printed in newspapers.  When Sheryl Sandberg’s husband, Dave Goldberg, unexpectedly died, she publicly communicated her sadness on Facebook in the most eloquently beautiful way. 

I remember thinking, at those times and at others, “What would be said of me when I die? Have I told every person and every organization how important they are to me?  Have I been a thoughtful communicator for the future when I am not here?” 

This led to a complete overhaul in my will and health planning.  My documents had been very buttoned up; well, as precise as they could be when the ‘time of death’ is unknown.  As practical as the paperwork was, none of it spoke to who I am and how I think and feel.  The soul searching, the inclusion of my values and intentions, dramatically changed those documents.  Now, my family, my friends, my executors, any medical personnel, and the nonprofit beneficiaries will understand what was in my brain and heart.  Expressions of gratitude for the efforts of others during my life and after my death run throughout the documents.  Personal notes have been written, items with designated receivers are noted, and recommendations for help sources are included which is a true extension of who I am given that I love to network people.  Small details are included throughout such as the care and funding for my dogs and even the music for my memorial service (along with my user id and password for my iTunes account).

My philanthropic interests are diverse and fluid.  It became obvious that I needed to give detailed instructions to my trustees on what questions to ask before sending any funds to ensure that the organizations still exist and remain true to the mission that generated my interest.  If not, I offered flexibility to research other nonprofits in the same space.  I also left room to include other organizations or causes that while I had recently become involved with I hadn’t yet revised my estate plan to indicate these new passions. 

Several questions came to mind as I worked through this – I call it the desiderata list:

• What do I want people to know about their importance in my life

• What information can I pass on to my trustees so there is little wondering, “what would Emily want” and more confidence in their own judgement

• How can I cover as much as possible and leave room for flexibility and the unknown

• Should anyone feel sad or alone, how can I comfort them without being physically present

• Am I using my worth and words to empower, encourage, explain

• What is my true legacy that describes this life journey

There is a completeness, a comfort in having done this work. My conversations with those important people and nonprofits have been more intimate, more authentic, and valuable in the present than I can possibly say. I have a high degree of confidence that the above list has been asked and answered - for now.  Of course, I still have the long list of “need to-do’s” and it is now just one item shorter. 

More importantly, I fully appreciate that my life has been an incredible journey and if it ends sooner rather than later, I have shared it all for those who need to know.