Entheos Academy - How to Get an "A" in Money

Spencer Sherman MBA, is CEO and co‐founder of Abacus Wealth Partners, an independent national wealth advisory firm. He's the creator of the Rainbow Portfolio™, a highly diverse and sustainable investment strategy.

Class Overview
What if you could successfully apply all that you’ve been learning in your personal growth and spiritual life to money? Get ready to train your mind, transform your life, gain a healthier money life.

How to Get an "A" in Money
What I love about money is that any one of us can master it. Unlike music or basketball or medicine, which require thousands of hours of practice to become a master, with money or personal finance, you can get to the head of the class (top 10%) with very little effort. In fact, the more we relax and follow some basic rules, the better we perform. Enter with beginner’s mind and a sense of gratitude, and you will achieve much more than the person who believes they have all the right answers and is hunting for the kill. And, it doesn’t matter how much money you have or earn. In fact, you have as much chance of success as someone with 100 times your wealth.

Success, after 26 years, in the financial business, is about how relaxed you are, how aligned your money life is with your values, and how satisfied you are with what you have. What if you could successfully apply all that you’ve been learning in your personal growth and spiritual life to money?
The Top 10 Big Ideas

1
End Impulsive Money Decisions
No matter how educated (or not) you are around money, all human beings forget common sense and act on their emotions. Whether it’s buying lottery tickets when you can’t afford food, or investing impulsively off a hot tip from a stranger, the solution lies in looking at our fear of looking bad or failing and the desire for excitement and adrenaline.
2
Cultivate Sufficiency
One of the best antidotes to fear and greed is to find “enough” in every aspect of your life. Do you have enough time, enough money, enough friends, enough love?

Having enough and believing you have and ARE enough, will keep the greed demon at bay.
3
Cultivate Generosity
We all know that the more we give, the more we receive. But we don’t know why that’s true. Through meditation and awareness, we actually have a higher chance of cultivating generosity than we do by earning or receiving more money.
4
Cultivate Abundance for Self and Others
Appreciate and share gratitude for all of your inner and material assets.
5
Outsmart the Stock Market and Your Brother-In-Law
Admit that you are like everyone else and that you can’t predict the future. This acceptance will lead you to do rational things like go for ultra-diversification, buy low and sell high, never time the markets, and keep expenses and taxes low.

Congratulations: you’ll likely do better than 90% of all investors!

There is a downside: This investment philosophy is not exciting. There is no thrill, no adrenaline rush as you watch the ups and downs of the market, no triumph when you pick that “winning” stock. You will have to find excitement elsewhere. I recommend surfing and rock climbing.
6
Invoke the Serenity Prayer and Jumpstart Your Financial Health.
Control what you can, let go of what you can’t. You CAN control taxes, expenses, and how you react to your emotions. You CAN’T control the future including the economy and the markets.
7
How to Get Started
Build the Rainbow Portfolio™, which is grounded in the Nobel Prize-winning research of Eugene Fama. The easiest way to get ahead with your finances is to think about which categories to invest in, not which stocks (or individual companies) to invest in.
8
How to Save Money
Do automatic savings; it’s painless and rewarding, and the key is to increase the amount each year. Set spending intentions and review them quarterly with your financial advisor, spouse, partner, or objective friend.
9
How to Reach Your Goals Today
You can reach your goals you’re your current financial situation. It takes creativity and discipline. And it IS possible.

10
How to STAY Wealthy
Equanimity is your best defense against financial turmoil. Practice the Money BreathTM and discover your True Net Worth.

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